Monat: November 2022

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Ripple’s XRP rallies 10% after another win. Is the token now bullish?

Ripple token (XRP) continues to send clear signals. It is ready for takeoff once it is confirmed that XRP is not a security, as alleged by the US SEC. On Tuesday, the token surged by 10%, becoming the top gainer among its peers. The gains come after positive cryptocurrency news.

According to the November 14 announcement, Ripple has been granted motions to file amicus briefs in the case with SEC. The amici status allows individuals and other interested parties to be included to assist in the proceeding. Coinbase could be the first “friend of the court” to file the amici briefs. The US crypto exchange has supported Ripple’s argument that XRP should not be classified as a security. The exchange and other firms are expected to file by November 18.

The development is positive for Ripple since amici briefs have been a source of contention for a while. It will shed more light on the case and allow Ripple to build a stronger argument against the regulator. In particular, Coinbase has been vocal against SEC’s rulemaking targeting the crypto industry.

The court’s go-ahead brings a new perspective, dealing a blow to the regulator. SEC has so far been losing the battle against Ripple. If you are seeking to buy XRP in light of the developments, you need to look at the technical bits.

XRP hit a resistance level as price pumps

Source – TradingView

Technically, XRP trades at a key resistance zone. The momentum is weak, considering that the token is recovering from the recent slump. The MACD indicator remains in the bear zone. The level around $0.38 should be watched.

When to buy XRP?

The development around Ripple’s case with SEC is positive for XRP. The price could build on the news to continue rising. A bullish momentum will be confirmed if XRP clears the area around $0.38-$0.40. 

On the flip side, bears could outwit the bulls at the current resistance level and force a correction back to $0.30. Both outcomes are likely given the mixed crypto outlook. So, buy after confirmation of the upside.

Where to buy XRP

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy XRP with eToro today

Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

Buy XRP with Capital.com today

The post Ripple’s XRP rallies 10% after another win. Is the token now bullish? appeared first on CoinJournal.

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eToro’s properties make it a reliable FTX alternative

FTX collapsed last week, and that has left many investors scrambling for alternatives. eToro provides a reliable alternative for people looking to use secure trading platforms.

FTX, one of the leading crypto exchanges in the world, collapsed last week. By the end of the week, the exchange had filed for bankruptcy. 

The cryptocurrency exchange was reportedly using customer funds for its business purposes. With the collapse of the FTX exchange, many investors are looking for alternatives where their funds and assets can be secure.

Why eToro is a reliable FTX alternative

eToro has been in the financial space since 2007, before the emergence of Bitcoin. The company is known for providing investors access to a wide range of financial markets, including forex and stocks.

User funds are safe on eToro thanks to some of its features. For starters, eToro is a regulated, multi-asset broker that has been in business since 2007. The brokerage platform is regulated all over the world, by some of the leading regulators, including the FCA, CySEC, ASIC, and more.

FTX’s balance sheet showed that the exchange was diverting some customer funds to its sister company, Alameda Research. 

eToro assures its customers that this is not the case when they trade with them. The brokerage platform’s underlying business remains healthy and profitable, and its balance sheet is strong.

FTX’s downfall began after its FTT token lost more than 90% of its value within a few days. The company’s holdings drastically reduced during that period. 

eToro doesn’t engage in crypto lending

eToro said it has never issued its own token and does not engage in crypto lending. The lack of an eToro token means that customers don’t have to worry about the token’s price dipping. eToro also doesn’t engage in cryptocurrency lending, unlike FTX.

Finally, eToro assured its users that their funds and assets are segregated and reconciled on a daily basis to ensure safety and liquidity and comply with its regulatory obligations.

eToro is a leading brokerage company that allows people to invest in a wide range of financial assets, including cryptocurrencies, stocks, and more.

etoro–>

BUY YOUR CRYPTOS WITH ETORO!

The post eToro’s properties make it a reliable FTX alternative appeared first on CoinJournal.

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Crypto exchange Liquid halts all withdrawals

  • Liquid is an FTX-owned crypto exchange based in Japan and which Sam Bankman-Fried acquired in February this year.

Liquid, a Japan-based cryptocurrency exchange acquired by bankrupt crypto exchange FTX in February this year, has halted all withdrawals and deposits.

The exchange, which announced this via Twitter on Tuesday, said the decision to pause all crypto and fiat withdrawals is down to the ongoing Chapter 11 bankruptcy proceedings involving FTX and about 130 of its affiliate companies.

Not long after, the exchange posted an update advising users not to also deposit their crypto or fiat to the platform.

“Fiat and crypto withdrawals have been suspended on Liquid Global in compliance with the requirements of voluntary Chapter 11 proceedings in the United States. Until further notice we would suggest to not deposit either FIAT or Crypto. We will provide updates when available,” Liquid Global tweeted on 15 November.

According to the Liquid Global team, the Chapter 11 filing by FTX impacts Quoine Pte. Ltd, the company that operated the Liquid Exchange and which FTX acquired earlier in the year.  The exchange says the halt on all withdrawals is not security-related.

Liquid temporarily suspended both fiat and crypto withdrawals on 12 November, soon after FTX shocked the crypto world with a Chapter 11 filing. The halt also came after FTX announced it had been hacked, with the security breach seeing millions of dollars in crypto assets stolen.

The Japanese exchange however temporarily resumed crypto withdrawal services after what it said had been “thorough security checks of internal systems.” 

The platform had also noted afterwards that its customer funds had not been impacted by FTX’s insolvency.

The post Crypto exchange Liquid halts all withdrawals appeared first on CoinJournal.