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🚀 We wish you a Happy Gecko New Year!🎉
| Have a wonderful New Year's Eve, Geckos! December has been a rough month for Ripple (XRP) but they may not be the only ones affected. Cryptocurrency exchange Coinbase is being sued by a Missouri resident that has lost a fortune investing in XRP. The victim sued Coinbase for $10 million for selling XRP, which the plaintiff calls a security the firm was not licensed to sell. It also said that selling XRP was "unfair" as it gave Coinbase "an unwarranted competitive advantage over digital asset exchanges that only sold commodities." (Editor's note: We will be taking a short break for the New Year weekend and will resume our newsletter on January 4th, 2021! To a better year ahead and happy holidays!) In today's news, Ripple will meet the SEC on Feb 2021, Xapo discontinue service to its U.S. customers, and Binance U.S. will be delisting XRP. Read on! | | |
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| | | Top crypto investors around the world trade with eToro. Why? Because we offer an innovative platform with powerful features, market analytics, and a vast social community of crypto knowledge — that's simple to use! eToro is a safe and reliable way for you to build your portfolio.
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This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal. | | Scaramucci Approves! Anthony Scaramucci's Skybridge Capital has invested over $180 million to Bitcoin (BTC) on behalf of its investment funds. Skybridge has over $9 billion under its management and they're launching a new fund, SkyBridge Bitcoin Fund LP in January, 2021. Scaramucci is the latest notable financier to place a huge bet on BTC, following in the footsteps of Paul Tudor Jones. CoinDesk | | Xapo Says Goodbye to The States Xapo, one of the earliest Bitcoin custodians in the space, is ending its service to U.S. customers as of March 1st, 2020. A change towards their global strategy is the main reason for the company to leave the U.S. market and all U.S. Xapo accounts will be closed. Xapo notified their U.S. customers about their decision and requested that they transfer their BTC holdings to an external address. CoinDesk | | Binance U.S. Abandons XRP Cryptocurrency exchange giant, Binance is suspending XRP trading for its customers effective next month. U.S. customers will not be able to deposit or trade XRP on the Binance platform starting January 13th, 2021 They are the latest exchange to join a list of exchanges that suspended or delisted XRP. Some notable exchanges in the list include Coinbase, OKCoin and Bitstamp. CoinDesk | |
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| It's almost 2021! 🎉 As 2020 comes to an end, we decided to take a look back on the amazing growth we've had this year. We rolled out some sweet Candies for our loyal users, wrote the world's first ever DeFi book, and made lots of cool improvements based on your feedback 😍 Read all about it here! We are eagerly looking forward to growing further with all of you in 2021! On to the New Year 🔥 | | | DecryptionDescribes the process of decrypting data that was previously encrypted (made unreable) back to a readable form. An example of this would be the conversion of a hash back to its original phrase. Original phrase (words): Bitcoin is fun Encrypted phrase (SHA-256): 5A01BA5E208AC4E599F0EDEFF52991644EDF595717E80CB20D9756A85A334D94 Decrypted phrase (words): Bitcoin is fun You can try it out here: https://passwordsgenerator.net/sha256-hash-generator/ Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free. DeFi applications cover many use cases and a few popular ones are stablecoins, lending/borrowing and trading (decentralized excanges). By removing the middleman in systems, DeFi applications are able to achieve a better rate of returns for its users, while lowering barrier of entry as the application does not discriminate or censor any particular party from joinLearn about other Crypto terms here | | | |
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