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Current Dip - Exchanges need to register with SEC


SushDawg
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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.

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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..

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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...

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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 by Quin
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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.

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