Bitcoin was more than $8,000 higher versus its Monday lows of $30,250 at press time. While the market waited for a seminal test of $40,000, proponents seized on the latest uptick to pour scorn on naysayers, mostly the mainstream press, which had claimed that Bitcoin had just experienced a 2017-style crash.
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eToro to suspend XRP trading in U.S. ahead of planned IPO
The social trading platform and exchange has followed the lead of Coinbase, which also announced plans to go public this month
“Given the U.S. Securities and Exchange Commission’s (SEC) recent lawsuit against Ripple Labs, Inc., eToro... has decided to prohibit purchases of XRP on the eToro platform and to prohibit any conversion of XRP held in a customer’s eToro Wallet,” eToro said in a Dec. 31 blog post. The ban begins on January 3 at 12 p.m. EST.
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Social trading firm eToro seeks $5B IPO: Report
The exchange is also reportedly considering a merger with a publicly traded company to achieve a faster ‘entry into Wall Street trading’
Reports say eToro plans to complete its IPO by the second quarter of next year. The firm is also considering a merger with a special purpose acquisition company—essentially a publicly traded company created to merge with a company that wants to go public without an IPO—to achieve a faster “entry into Wall Street trading.”
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As altcoins make waves, is a new battle shaping up between XRP and Stellar?
Figures from eToro show XRP had the biggest month-on-month increase in trading activity during November, but it was Stellar that had bigger price gains
The heightened demand came as the world’s third-biggest cryptocurrency surged by 150% over the course of the month. As Modern Consensus reported last week, this could have been driven by BTC and ETH’s healthy performance, rumors of products that could unlock new use cases for XRP, and a spike in the number of new accounts activated on the XRP Ledger.
