• Coinbase sued for selling XRP
    Regulation,  Ripple,  XRP

    Coinbase sued for selling XRP

    The $10 million lawsuit, which seeks class action status, follows the U.S. Securities and Exchange Commission’s lawsuit against Ripple for selling XRP, which the agency claims is an unregistered security

    Noting that Coinbase is not licensed to sell securities, the suit called Coinbase’s sale of XRP “unlawful” and “fraudulent,” claiming that “Coinbase falsely represented that XRP was a commodity when… Defendant knew it was a security.” It also said that selling XRP was “unfair” as it gave Coinbase “an unwarranted competitive advantage over digital asset exchanges that only sold commodities.”

  • Coinbase underpays female, black employees
    People

    Coinbase underpays female, black employees NY Times alleges

    Coinbase called the story’s numbers two years out of date, says it is ‘committed to ruthlessly eliminating bias in all our internal processes’

    The cryptocurrency exchange's CEO, Brian Armstrong, took another hammer-blow from the New York Times’ Nathaniel Popper on Dec. 29, with an article alleging the firm not only paid black and female employees less than their male counterparts, it did so at levels far worse than is typical in Silicon Valley.

  • Ripple downplays Coinbase delisting
    Regulation,  Ripple,  XRP

    Ripple downplays seriousness of Coinbase XRP delisting

    Promising to aggressively fight off the SEC, Ripple argued that because most XRP is traded outside the U.S., exchange suspensions won’t impact it too seriously

    A day after leading U.S. cryptocurrency exchange Coinbase announced it will suspend trading in XRP following a Securities and Exchange Commission lawsuit against Ripple, the international payments firm downplayed the importance of the leading U.S. cryptocurrency exchange’s action.

  • markets report bitcoin price
    Bitcoin,  Markets Report

    Markets Report: Bitcoin tracks lower as data shows whales fueled $28K bull run

    As $27,000 support slips from view, a mass exodus is underway among XRP holders

    Bitcoin fell further on Dec. 29 as short-term price action continued to contrast with investors’ bullish take on the future. The 6% two-day losses came amid further nervousness surrounding the fate of XRP, the fourth-largest cryptocurrency by market cap.