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XRP was trading up at approximately 7 percent 15 minutes after the announcement, proving once again that Coinbase listings have a material effect on the price of a cryptocurrency.
Recently there’s been a lot of buzz surrounding the possibility of the Bitcoin ETF and although this type of buzz isn’t new to Bitcoin enthusiasts, this ETF prospect is becoming more likely.
In an attempt to stem growing enthusiasm for cryptocurrency trading among the Chinese public, the Chinese government has been cracking down hard of cryptocurrency traders and speculators, banning cryptocurrency exchanges and outlawing ICOs.