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.
-
-
Coinbase to suspend trading in XRP, citing SEC lawsuit against Ripple
One of the leading American cryptocurrency exchanges, Coinbase’s actions come in the wake of and SEC lawsuit accusing Ripple of selling illegal securities
The action comes in the wake of the U.S. Securities and Exchange Commission’s Dec. 22 lawsuit against Ripple, the international payments company closely associated with XRP. The SEC claims that XRP is a security and Ripple’s ongoing sale of some 14.6 billion XRP worth $1.38 billion was an illegal unregistered securities sale. Ripple has denied this, and has said it intends to fight the lawsuit vigorously.
-
Coinbase expands to Canada ahead of possible IPO
The exchange is building a Canadian office as it expands operations out of the U.S. ahead of a possible stock offering
The move comes as Coinbase moves ahead with its attempt to launch an initial public offering (IPO) and sell shares in the company—becoming the first firm in the cryptocurrency industry to go public the traditional way.
-
Coinbase takes historic step towards stock market listing
The cryptocurrency giant announced that it has filed documents that could lead to the cryptocurrency industry’s first initial public offering
The terse IPO announcement came a day after the appointment of two new board members, including Cisco executive vice president and CFO Kelly Kramer, who will head up the Coinbase board’s Audit and Compliance Committee.
