Ripple’s XRP gained more than 12% today. This week Coinbase announced that XRP is now available to Coinbase users who are New York residents. Coinbase also announced this week that customers can now trade USD coin in 85 countries on Coinbase and Coinbase Pro. In a blog post Coinbase said, unlike other cryptocurrencies, each USDC is backed by $1 USD with monthly transparency audits showing 100% USD backing. There are more than 300 million USD Coins in circulation today, supported by +100 ecosystem supporters.
Binance Coin gained more than 11% today. There are rumours circulating around this week that eBay might actually announce support for Binance Coin. Last week, Binance announced that it had suffered a cyber attack and hackers managed to obtain 7000 bitcoin in just one transaction. We saw Binance coin suffer as a result of this news, but this week it seems to be back on track again. Today we saw it surge all the way past $26. Unlike many cryptocurrencies, the price of Binance coin is actually higher now than it was this day last year, when we saw it at around $13.
Please remember this is news, not investment advice.
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