Current Dip - Exchanges need to register with SEC

[SushDawg]

Not sure why this would create a dip, but seems to be the reason.  Good for regulation I guess

https://www.cnbc.com/2018/03/07/bitcoin-just-tanked-below-10000-after-sec-says-crypto-exchanges-must-register-with-agency.html

Edited March 7, 2018 by SushDawg

[rooobust]

no the dip comes from the binance hack

 

 

Edited March 7, 2018 by rooobust

[deBereboot]

Had a big smile reading this..  (coinbase? ) btw those btc socks were horrible.

[marousi]

just USA exchanges?

[SushDawg]

@rooobust - Thanks, was not aware of that.

[Zedy44]

Yeah the Binance stuff drove the markets crazy this morning.  The claim is API keys being exploited, but a lot of folks are saying they don't use or have API keys and were affected.  How an exchange can resolve an orchestrated mass market selloff and repurchase into BTC at this point is beyond me.  How could they possibly credit peoples accounts or fix anything?  The damage is done.

[Karl]

MtGox trustee selling pressure regarding BTC/BCC might also be a factor for the actual low price situation. 

https://www.coindesk.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/

 

[Amigo]

45 minutes ago, Karl said:

MtGox trustee selling pressure regarding BTC/BCC might also be a factor for the actual low price situation. 

https://www.coindesk.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/

 

Time for XRP to somehow cut that tie with Bitcoin. But how.. @JoelKatz @miguel any ideas to reach that? It should be at one point I guess..

[Lepi]

2 minutes ago, Amigo said:

Time for XRP to somehow cut that tie with Bitcoin. But how.. @JoelKatz @miguel any ideas to reach that? It should be at one point I guess..

Maybe the billions of MtGox bitcoins being dumped in the months/years to come will move more people towards other assets. We will welcome them onboard the XRP train then...

[invest2lose]

markets are spooked with all the recent bad news this morning.

[Quin]

It will pass. As a hodler we shouldn't really worry about these dips. At least Binance itself wasn't hacked and for the trustee he is just getting back as much as he can to pay out the creditors. Hopefully we will chuckle about this in due time

What i see as a positive is that the XPR/X ratios are maintaining itself so just market flows and nothing XPR specific

Edited March 7, 2018 by Quin

[Blockchained]

2 hours ago, Amigo said:

Time for XRP to somehow cut that tie with Bitcoin. But how.. @JoelKatz @miguel any ideas to reach that? It should be at one point I guess..

Maybe the SEC will force them to remove Bitcoin pairings. After all the whole thing is a fraud.

[Simoun]

US exchanges Kraken, Poloniex, and Bittrex, account for approx. 14% of XRP trading volume.  Poloniex is currently applying to register with SEC. Not sure with the other two, but they aren't listed with SEC. I bet they can if they need to. SEC will weed out the bad actors.

[kuyu]

17 hours ago, Karl said:

MtGox trustee selling pressure regarding BTC/BCC might also be a factor for the actual low price situation. 

https://www.coindesk.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/

 

that seems to be the most sensible answer at this moment.