- XRP delisted from Coinbase crypto exchange due to low usage.
- Brad Gralinghouse mentioned the acquisition of Poloniex by Circle.
In a recent interview with CNBC, the Chief Executive Officer of Ripple, Brad Gralinghouse, requested each and everyone in the cryptocurrency sector to Cooperate with regulators.
Gralinghouse stated his beliefs during an interview session aired on CNBC focused on “Fast Money,” noting that “It’s incredibly important that the entire industry recognizes that we have to work with the regulators, we have to work with the system,” He added, “The blockchain revolution is happening from within the system it’s not going to happen from outside the system.”
Although it can be assumed that crypto regulation to oversee it may stir the crypto industry and eventually bring down the prices of crypto assets.
Ripple CEO said, “There are some within the bitcoin community that advocated not just down with banks but down with governments; we have been a contrarian relatively speaking in that regard.”
Garlinghouse also talked about Coinbase during his interview and quoted, “Coinbase will have to decide what they want to do and make the announcements that are appropriate for them,” he said he would not “comment on the status of those sort of things.”
Brad also talked about the acquisition of Poloniex by Circle and stated that similar deals could happen in the future.
According to reliable data Poloniex (Cryptocurrency Exchange) was purchased by Circle for $400 million on February 26, 2022.
Garlinghouse underlined, “I think there’s going to be more consolidation and I think they will grow in size,” he added, “The Fidelitys of the world will be in this space.”
According to data from CoinMarketCap, while writing this article, the native token of Ripple is trading at $0.3901 with a 24-hour trading volume of $618,410,215.72.
The news of FTX’s failure has been in the limelight for the last few weeks, and analysts have diverse opinions on Sam Bankman Fried, the Founder of FTX.
During an interview session with CNBC, Mike Novogratz claimed that Bankman Fried is “delusional” and should be prosecuted and sent to “Jail.”
Earlier on November 30, 2022, TheCoinRepublic reported that Coinbase had delisted several giant crypto assets, including XRP, the native token of Ripple, the seventh largest crypto token in the crypto market in market capitalization.
As per the official announcement of Coinbase, it is noted that the wallet will not support BCH, ETC, XLM, or XRP exchanges took this step because they found that these specific tokens have less usage on the platform.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2022/12/03/ripple-ceo-invoked-for-cooperation-with-regulators/