Altcoins continue to trend higher, but Bitcoin price needs to turn $35,000 to support in order for the entire market to gain momentum.
Bitcoin price has rebounded above a key trendline but resistance at higher levels may limit the recovery in altcoins.
Unlike the U.S., Japan considers XRP to be a cryptocurrency, not a security.
The Wall Street Journal is reporting former Treasury official Michael Barr will replace Brian Brooks as Comptroller of the Currency.
General counsel for Ripple Stu Alderoty predicted Joe Biden’s administration would likely “help level the playing field” for crypto.
The planned new hire along with a recent expansion show Ripple does not seem deterred by legal troubles in the U.S.
Clients residing outside the U.S. will be unaffected.
Altcoins have entered a slight correction after Bitcoin’s relief rally lost steam and the price dropped below $35,000.
Cash proceeds from the Trust’s liquidated XRP will be distributed to Trust shareholders, Grayscale said.
“Ripple’s all-star engineering team continues to grow,” Ripple CEO Brad Garlinghouse said of the firm’s new senior VP.