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Many people may be wondering why it has plummeted again recently, and many people speculate that Ripple is to blame.  On December 23, the U.S. Securities and Exchange Commission (SEC) formally filed a lawsuit against Ripple, its CEO Brad Garlinghouse, and co-founder Chris Larsen in the Manhattan District Court, accusing the defendants of raising more than $1.3 billion in funds through unregistered digital asset securities issuances starting in 2013. In the United States, it seems that Bitcoin and Ethereum will not be considered securities at present. I am not sure about other things. If you want to list your currency on an exchange in the United States, you will be asked to provide a certificate to show that you are not a security. Otherwise, it will be absolutely impossible for you to be listed online. Of course, this also has many requirements. For example, you cannot imply that the price will rise or bring any returns to investors, etc. We have said before that Ripple's profit model is to sell coins, and its business line is PR + selling coins. After selling so many coins and making so much money, the SEC will definitely not be able to stand it. It has to be said that these leaders in the currency circle are indeed rich, such as EOS, XRP, USDT, etc., but they are all fat. If you sell a lot of Ripple, there will be a discount, and people can make money if they buy it. With this negative support, Ripple started a sharp decline, and it was directly cut in half from its high point. But to be honest, we have seen too much bad news like this, and we have come to steal, deceive, and attack this old coin. Next comes all kinds of bad news. Partner XXX, there is news that Coinbase may delist XRP on Friday. Tomorrow is Friday, and I personally don’t think it will be delisted. Although Coinbase is about to be listed soon, if there is a problem with Ripple, it will be a legacy of history. Is it useful to remove it now to remedy the situation?  Later, news came out that 54 exchanges delisted XRP. To be honest, most exchanges should have XRP. Are all exchanges in other countries not in the United States going to delist it? It's impossible even if you think about it. The current situation is that there are often blockchain scams during the day and blockchain revolutions at night. If you often engage in band deception, you will probably lose your mind. Unexpectedly, Ripple's bad news directly caused the market to collapse this time. Bitcoin is still strong, but many altcoins have suffered, and countless numbers have been cut in half. Some people said that they just opened twice the leverage and their positions were liquidated, resulting in heavy losses. Previously, Bitcoin’s market share reached nearly 70%, which was extremely stable. For now, I am still only optimistic about Bitcoin and Ethereum. Coins like XRP and EOS are described by currency friends as being like the coquettish bitches in KTV who will destroy all your money.  I originally thought that in 2017 or 18, the news would have a relatively large impact on the entire circle. However, the bad news at that time all came from China. In recent years, the bad news came from seven ministries, mutual financial associations, relevant departments, etc. But now, to be honest, the source of bad news has moved to the United States. The SEC’s bad news on USDT, XRP, EOS, and even exchanges such as Binance, etc., I believe you all know the scene at that time if you have any impressions. But one thing is for sure, the market is not as fragile now as it was then. There are countless institutions and companies that support cryptocurrency, and there are many benefits. More importantly, in a certain sense, many people use it as a way to fight inflation and invest. I believe that many people are embracing it. I am personally optimistic about the market outlook. I remember that in September, some people were saying that the bull market was over and DeFi was over. I remember saying at that time that looking at the points at that time, it was almost a replica of 2017, so similar. Bitcoin will not die, Ethereum will not die, and neither will DeFi. However, it is more annoying than in 2017, and many people may have been washed away. If you don't know what to hold, just hold Bitcoin and Ethereum. If you can't buy them, you will suffer losses and you can't be fooled. All in all, the road is twists and turns upward, and it is expected to reach new heights next year, we will wait and see. If you still have any questions, go check out Bitcoin. The current price of Bitcoin is more than $23,000. Of course, I estimate that there will be a lot of similar bad news in the future, so keep it in mind and cherish it. Another piece of pertinent advice: if you are unable to do so, stay away from leverage and contracts. Follow the public account to learn about the latest developments in the currency circle and more shady stories↓↓↓ If you find it helpful, remember to recommend it to your friends  Add friends Please indicate your purpose of visit  Recommended reading Plustoken may encounter the biggest collapse crisis in history[Breaking News] Youbank collapsed and merged into Nebula MUI. All five major financial markets collapsed in 2019.[Breaking News] Billions of dollars worth of smart crystals collapsed and ran away, and the trader ran away with his lover! ! ! Another fund crashed and ran away, and even the leek-cutting plan leaked out!The scammers who defrauded billions in pyramid schemes a year ago are back againMLM gangs that have defrauded tens of billions of dollars have invaded the currency circle, and there are also celebrity platforms?Due to the revision of the official account, tweets are no longer sorted by time. If you don’t want to miss BiXia’s daily push, just click [Watching].  |
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