Ripple Buys Back $46M XRP To Support Market – November 10

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $15,434

Bitcoin price has mostly ranged in the low to mid $15,000s over the last day of trading, following a short test of support around $14,900.

Top-20 altcoins have had mixed results in performance over the last 24 hours, as Ethereum remains relatively unchanged, XRP rises 4%, and Chainlink is the largest gainer with a 5% rise.

Top Stories for November 10, 2020 πŸ”₯

πŸ‘‰ Ripple Buys Back $46M XRP To Support Market

Ripple is reported to have bought back $46 million worth of its XRP token in Q3 of this year, in an effort to support “healthy markets”.

A spokesman claims that Ripple may continue to purchase XRP on the open market to support their new Line of Credit product, which enables customers to buy XRP from Ripple on credit.

πŸ‘‰ Celsius Lending Platform Reports $2.2B Crypto AUM

Celsius, a centralized cryptocurrency lending platform, has reported that its crypto assets under management has reached $2.2 billion.

This represents a 100% increase over the last 6 months of operation, currently serving more than 215,000 users around the world.

πŸ‘‰ Lawyers of Bitfinex’s “Shadow Banking” Operator Withdraw From Case

Lawyers of Reginald Fowler, alleged operator of a “shadow bank” named Crypto Capital, have withdrawn from representing him in a case involving illegal cryptocurrency operations.

Crypto Capital was allegedly opened under the guise of processing real estate transactions and involved in the $850 million in missing funds covered up by Bitfinex and Tether in 2019.