SEC’s enormous XRP complaint, Pornhub 🤝 Crypto

Hello everyone, this is our weekly crypto digest! Here, you’ll find everything from a weekly market summary and top news to the hottest new listings on exchanges, and even memes to cheer you up. To get these updates as soon as we post them, follow us on Twitter.

Weekly Market Summary

The U.S. Securities and Exchange Commission (SEC) has filed a $1.3 billion lawsuit against Ripple Labs, claiming that they held an unregistered securities sale. Although Ripple CEO Brad Garlinghouse had announced earlier this week that he had expected the SEC to file a lawsuit—causing the price of XRP to drop — the additional confirmation had a further impact, pushing the price even lower. Meanwhile, three exchanges – CrossTower, Beaxy, and OSL – got a move on delisting the token, and the Bitwise investment fund liquidated its XRP position.

Also, this week, in a previously unannounced move, Pornhub has announced that they’d be accepting crypto for Pornhub Premium. As of now, the option to pay with a credit/debit card has gone missing. Such an adjustment has followed after scandalous allegations that have to do with videos of underaged people as well as women being assaulted.

Pornhub has released an official statement on their website, it says they would only be accepting crypto for Pornhub Premium, including Bitcoin, Tether and Ethereum.

Quick weekly news:

• Visa Outlines New Offline CBDC Payment System: Read more here.
• Over $1 Billion of ETH Locked Up in 2.0 Contract: Read more here.
• Hacker Leaks Stolen Ledger Client Data for Free: Read more here.

Other notable events include:

– Hugh Karp is out $8M worth of NXM tokens because of a wily attacker

– New York-based Quontic Bank has become the first FDIC-insured financial institution to launch a Bitcoin rewards checking program.

Nexus Mutual CEO hacked

The CEO of DeFi Insurer Nexus Mutual, Hugh Karp, is out $8 mln worth of NXM tokens due to a wily attacker. Karp is being gracious about it, though. “If you return the NXM in full, we will drop all investigations and I will grant you a $300K bounty,” he told his unknown assailant on Twitter.

Crypto checking

New York-based Quontic Bank has become the first FDIC-insured financial institution to launch a Bitcoin rewards checking program. Joining a long line of crypto rewards cards, this is the first one to be overseen by the U.S. Office of the Comptroller of the Currency (OCC). Acting Comptroller Brian Brooks has dropped a hint  about more “good” actions around crypto by the end of President Trump’s term

Here are the hottest exchange listings of the last week: 

New Listing on CoinbasePro:

– The Graph (GRT/USD GRT/EUR GRT/BTC GRT/GBP) + 700% after listing 🚀 

New Listing on Binance:

– The Graph (GRT/BTC GRT/USDT GRT/ETH)

– Paris Saint-Germain Fan Token (PSG/BTC PSG/USDT PSG/BUSD)

– Juventus Fan Token (JUV/USDT JUV/BUSD JUV/BTC)

New Pairs on Binance:

– USDT/BVND BUSD/BVND

– ZEN/USD 

New Listing on Huobi:

– NEST Protocol (NHBTC/ETH NHBTC/USDT)

– The Graph (GRT/USDT GRT/BTC GRT/ETH)

– Orchid (OXT/BTC OXT/ETH OXT/USDT)

– POND (POND/BTC POND/USDT POND/ETH)

– API3 (API3/USDT API3/ETH API3/BTC)

By the way, our PRO plan includes new Exchange Listing alerts for all 27 exchanges in the app. Become a PRO and receive an instant notification when a new coin is listed on Coinbase Pro, Binance or your exchange of choice.

 

NEO is a Blockchain platform and cryptocurrency. However, it performs far more functions than just being a means of transaction and payment. Similar to Ethereum, the blockchain-based platform allows developers to create smart contracts and dApps. Therefore, many refer to NEO as the Ethereum of China.

NEO was written in C#, however it also supports a variety of programming languages such as Javascript, Java, Python and Go, to perform smart contracts.

Neo also integrates a lot of other cryptocurrencies into its network while most of the other platforms are focusing only on their own currency. This unique feature makes Neo suitable to become a global digital system in a smart economy. Users are confident that NEO represents a strong alternative to Ethereum.

😋Recent announcements:

Neo Monthly Report — November 2020

Neo price prediction 2021: what’s next for the ‘Chinese Ethereum’

🔥DYOR:
Website

Twitter

 

We have prepared for you top-performing coins of Dec 24.

Stellar (XLM) has managed to become the best performing asset from TOP-100, gaining 5.72% within the last 24 hours.

Ripple (XRP) was the worst-performing asset from TOP-100, losing 23.79% within the last 24 hours.

To get up-to-date Gainer and Losers reports during the week follow us on Twitter. 

 

Top cryptomeme of the week

Shit happens 😅

We hope you found this digest useful and informative. If you want to be the first one to receive new crypto insights and stay up-to-date with the market, follow us on Twitter. Happy trading with the Good Crypto app!