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Following last week’s news of the SEC lawsuit against Ripple, top cryptocurrency exchanges, including Coinbase, Binance US, Crypto.com and many more have announced that they will drop XRP trading. Most of these platforms have only removed XRP from their U.S. markets, though a few have suspended support internationally.
Beyond halting trading for XRP, crypto exchange Bittrex took a step further and announced its plans to delist Monero, Zcash and Dash. While Bittrex gave no reason for the removals, exchanges around the world have been delisting privacy coins to be compliant with KYC regulations.
Data released by The New York Times suggests that Coinbase failed to offer its female and minority employees equal pay. Coinbase had bigger wage disparities than either Google or Oracle in 2018, but in an internal letter, the company claims they had already addressed the pay discrepancies.
Elon Musk says that any settlements he makes on Mars in the future will operate via cryptocurrency. The future society on the Red Planet will be a democratic one that will do business through Dogecoin transactions or potentially “Marscoin,” thereby hinting that a new digital asset will be created specifically for Mars residents.
That’s what’s happened this week in crypto. See you next week.