As a seasoned analyst with over two decades of experience in the financial industry, I find myself constantly intrigued by the dynamic world of cryptocurrencies and their ever-evolving landscape. This weekend, three stories caught my attention, each offering a unique insight into this fascinating realm.
Check out the top three news stories over the past weekend presented to you by U.Today.
Coinbase to delist this major cryptocurrency: Details
According to the recent announcement made by Coinbase Assets X, the trading for Decentralized Social (DESO) will stop on November 8, 2024, approximately at 2:00 p.m. (ET). Following this announcement, the order books for DESO have been shifted to a mode that only allows limit orders, which can be placed and cancelled, and matches may occur. This move by Coinbase is part of their ongoing efforts to adhere to legal and technical security standards, demonstrating their dedication to offering high-quality assets for trading. It’s also worth noting that Flare (FLR), Injective Protocol (INJ), The Sandbox (SAND) and Stacks (STX) tokens are now accessible to New York residents through the Coinbase platform and its mobile apps (iOS and Android).
Ripple v. SEC: Former official weighs in on new developments
The SEC, in a petition to the Second Circuit Court of Appeals on October 24th, is asking for their primary brief deadline to be shifted from its original date to January 15, 2025. This request has stirred speculation among XRP supporters, who interpret this as an attempt by the SEC to delay the ongoing legal proceedings. However, former SEC regional director Marc Fagel clarified on a public platform that the SEC’s request aligns with standard court procedures. He explained that the SEC is merely adhering to the court rules which require the appellant to propose a briefing date within 91 days of filing certain information with the court, and the SEC has now done so. Despite Fagel’s clarification, some members of the XRP community remain skeptical about the SEC’s eagerness for a prompt resolution.
Top Satoshi candidate exposes real Satoshi
After the controversial HBO documentary linking Canadian Bitcoin developer Peter Todd to Satoshi Nakamoto was released, Todd decided to playfully retaliate against the film’s creator, Cullen Hoback. In response to the unveiling of a new statue of Satoshi Nakamoto in Lugano, Switzerland, the developer humorously compared pictures of the Satoshi statue (depicting a hooded figure sitting cross-legged at a laptop) and Hoback in an identical pose. “I believe they accidentally exposed who Satoshi is,” Todd commented. Earlier, the developer had criticized Hoback’s documentary for using dubious evidence. Despite the controversy and doubts from the community about Hoback’s assertions, he persists in defending his theory, leaving the true identity of Satoshi Nakamoto still a secret.
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2024-10-28 18:39