Ripple News Update
When there’s blood in the water, sharks come swimming.
This thought crossed my mind as I looked at cryptocurrency prices on Thursday morning.
You see, regulators the world over are releasing their plans for crypto oversight. What strikes me as interesting is the timing of these announcements; it just so happens that crypto prices are in freefall.
The XRP to USD exchange rate, for instance, is down 5.4% in the last 24 hours.
Regulators likely consider this a prime opportunity for pushing tighter constraints into the industry. Until now, they were hamstrung by the soaring price of digital assets, which made investors reflexively opposed to.
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Written by Gaurav S. Iyer, IFC @ https://www.profitconfidential.com/cryptocurrency/ripple/xrp-price-prediction-closer-look-national-cryptos-imf-sros/ March 16, 2018 Gaurav S. Iyer, IFC