🔴 XRP Going to 0?? | This Week in Crypto – Dec 28, 2020

A special thanks to eToro, the world’s leading social
trading platform for supporting us. Connect with other traders
and copy their moves automatically. Want to know more? Check out the link in the description below. Hi, I’m Nate Martin
from 99Bitcoins.com, and here’s what’s happened
this week in crypto. Ripple was given a massive blow
by the Securities and Exchange Commission, which has filed charges
against the company for selling unregistered tokens.

The price of XRP crashed
following the news, while the CEO of Ripple has sworn
to fight the accusations. Major exchanges,
most notably Bitstamp, have already announced they will
halt trading for XRP in January. Someone has posted the complete lists
of 1 million email addresses and 272,000 names, addresses
and phone numbers of Ledger customers to the darkweb. The list is a lot bigger than the number
previously disclosed by the hardware manufacturer. Hackers are already taking advantage
of the situation through phishing attempts
and even physical threats. Tokens are most likely not in danger, but Ledger users should be on guard
against possible attacks. Major cryptocurrency exchange Exmo
lost 5% of its total assets due to a hacking attack. The UK-based company now estimates
total losses of more than $10 million in various digital assets that were
withdrawn from its hot wallets. Exmo executives allege
that as much as $4 million of totally stolen assets
cannot be recovered due to criminals withdrawing the funds
through Poloniex. Institutional activity
within the crypto space continues as SkyBridge Capital hedge fund has invested approximately $25 million
into Bitcoin.

The firm, which is worth
just under $10 billion, has filed paperwork with the Securities
and Exchange Commission (SEC) to start a new bitcoin fund. That’s what’s happened
this week in crypto. See you next week. If you've enjoyed this video,
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