24 December

XRP price fell [63%] on Binance over the past three days as news of the lawsuit by the United States Securities and Exchange Commission against Ripple became apparent. As a result, several exchanges have already halted XRP trading.

According to prominent lawyers in the cryptocurrency industry, exchanges that listed XRP are at risk if the token is deemed a security.

With a plethora of coins offering enormous upside, it’s ludicrous to emotionally attach yourself to $XRP now they are being sued by the SEC.”

See Also: Bitwise Liquidates XRP Position in Crypto Index Fund Following SEC Suit Against Ripple
See Also: Hong Kong Trading Platform OSL Suspends XRP Services as SEC Sues Ripple
See Also: MoneyGram Takes Wait-and-See Approach as SEC Sues Partner Ripple
See Also: While XRP’s Market Dominance Crashes, Bitcoin’s Surges

“Did Ledger leak your data? Ledger’s customer databases have been hacked, with email addresses, physical addresses, names and phone numbers released to the public.

Enter your email address to check if any of your data was leaked. Argent will not store your email address.”

See Also: From SIM-Swaps to Home-Invasion Threats, Ledger Leak Has Cascading Consequences

ETH price is still down over 50% from all-time-highs (ATHs). And yet…almost every other Ethereum metric already hit an ATH in 2020.

  • Ethereum Utilization at All-Time-Highs
  • Ethereum Hashrate at All-Time-Highs
  • ETH Options Open Interest at All-Time-Highs
  • DeFi Users at All-Time-Highs
  • Total Value Locked at All-Time-Highs
  • DEX Volume at at All-Time-Highs
  • BTC on Ethereum at All-Time-Highs
  • ETH Held by Grayscale at All-Time-Highs
  • Stablecoins on Ethereum at All-Time-Highs
  • ETH in Deposit Contract at All-Time-Highs

While I highlighted these ten, there are many other metrics across the Ethereum economy breaking new records. NFT and digital art have hit seven figure volumes and crypto native financial primitives like flash loans have now surged to billions of dollars in volume.”

See Also: SNX price soars 100% in December — What’s driving the rally for Synthetix?

“In a Christmas present for the crypto industry, broker-dealers who abide by existing rules while holding security tokens in custody will not face enforcement action for the next five years. The SEC is responding to long-term industry complaints that nobody knows who can handle security token trading.

Alongside the announcement, the SEC is asking for comments on a number of issues related to proper requirements for security token trading. One of the questions suggests that the commission is looking to let investors use non-security tokens like Bitcoin and Ether to pay for security tokens.”

“A Pokemon-inspired digital pet universe that has grown to be the most-played game on Ethereum is testing new ways to scale. Axie Infinity has launched the public testnet of its Ronin sidechain. The non-fungible token (NFT) game has over 18,000 monthly active users.

Paris-based video game giant Ubisoft is Ronin’s inaugural validator. The Ronin public testnet will run until Jan. 18, when Axie Infinity’s new land system and related items will migrate over from its current sidechain, Loom Network.