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Today's Top Crypto Headlines:
Ripple CEO Criticizes 60 Minutes | Floki Crypto Debit Card | Coinbase Faces Account Complaints and more...
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
Ripple CEO Criticizes 60 Minutes: Ripple’s Brad Garlinghouse criticized 60 Minutes for omitting XRP's key July ruling, calling it “shockingly left out.”
Floki Crypto Debit Card: Floki, with Mastercard, introduced a debit card supporting 13 cryptocurrencies in 31 European countries.
📈Technical Analysis Masterclass - Worldcoin has dropped by 19-20%, currently trading around $2.87. Watch UseTheBitcoin’s latest Youtube video “WORLDCOIN: Is This the Best Time to BUY?! (WLD)” to see if this could be a prime buying opportunity or join our Official Telegram Channel for more alpha!
💡Feature of the Day - Coinbase Faces Account Complaints: Coinbase attributed account restriction issues to increased post-election activity and fraud. Critics noted delays in support and flagged VPN-related policies as unfair.
All this and more in today’s headlines!
📰 News Highlights:
Ripple CEO Brad Garlinghouse voiced disappointment over 60 Minutes omitting key details about a pivotal XRP ruling during its Dec. 8 segment on crypto and the 2024 U.S. elections.
Crypto made its debut on @60Minutes tonight – there’s no doubt that these technologies will continue to become more and more mainstream - with influence and reach that will only continue to grow.
A few things I do want to comment on after watching:
I spoke with Margaret… x.com/i/web/status/1…
— Brad Garlinghouse (@bgarlinghouse)
1:24 AM • Dec 9, 2024
The segment covered Ripple's funding of the pro-crypto PAC Fairshake and included critiques of the U.S. SEC enforcement actions against Ripple.
However, it failed to mention a July ruling where a federal judge deemed XRP not a security in programmatic sales. Garlinghouse called the omission “shockingly left out” in a post on X.
@60Minutes@Scaramucci John, while you may not know Gensler, you sounded an awful lot like him with statements that are boldfaced misrepresentations (a polite way of saying LIES) - they certainly sounded like Gensler talking points. “No licensure, no utility, all Judges have said tokens are securities,… x.com/i/web/status/1…
— Brad Garlinghouse (@bgarlinghouse)
4:47 PM • Dec 9, 2024
The 60 Minutes report also included commentary from ex-SEC official John Reed Stark, who stated judges have often classified such tokens as securities.
@JohnReedStark@60Minutes@Scaramucci John has blocked me so I’m commenting here…
All I’ll say is I wish his anti-fraud passion against crypto was as strong when Enron, Worldcom, and Madoff happened. You know, when John actually worked at the SEC and could have done something about it.
— Fred Rispoli (@freddyriz)
5:30 PM • Dec 9, 2024
In response, Garlinghouse criticized the program for including “misleading” remarks.
Floki, in collaboration with Mastercard, has introduced a debit card supporting 13 cryptocurrencies across 31 European countries.
Users can fund the card using Floki Inu, Bitcoin, Ethereum, Tether, and other popular tokens.
Available in both physical and virtual formats, the card is also compatible with virtual gift cards worldwide.
FLOKI DEBIT CARD IS NOW AVAILABLE
The Floki Debit Card is officially live, allowing users to spend their crypto assets at millions of merchants worldwide that accept VISA or Mastercard.
Key Features:
- 0% transaction fees
- 0% exchange rate fees
- Support for 8+ blockchain… x.com/i/web/status/1…— FLOKI (@RealFlokiInu)
4:51 PM • Dec 9, 2024
Although it has no transaction fees, users face a 2% top-up charge and setup fees. The card offers a $5,000 daily limit for purchases.
📈Technical Analysis Masterclass:
Key Insights:
Price at Previous Resistance: The price is sitting at its old resistance levels, which often turn into new support zones. This could indicate stabilization and a potential bounce.
Fibonacci Retracement: Worldcoin is in the “buy zone,” a critical area for price reversals during pullbacks in an uptrend—a classic bullish setup.
Moving Averages: The price is just below the 20-day moving average, a level historically associated with bounces and recovery potential.
Potential Upside:
Targets: If momentum builds, Worldcoin could reach the $5.1 to $5.9 range, nearly doubling its current value.
Bullish Pattern: A potential cup formation, a strong indicator of continued upward momentum, may be in play.
Cautionary Notes:
Volatility: Crypto markets are highly volatile, and no analysis can guarantee results.
Risk Management: Invest only what you can afford to lose and manage risks prudently.
🎁Freebie:
Download your free ebook now and take the first step toward mastering CRYPTO IN UNDER 60 MINS!
💡 Feature of the Day:
Coinbase responded to complaints about account restrictions, attributing the issue to a post-election surge in activity and a rise in fraudulent attempts.
An update on this retarded take: yesterday skiddies (again) decided to fake Coinbase support and drained multiple accounts. But sure, disallowing VPN will save you. CB is fucking clown show at this moment.
— sudo rm -rf --no-preserve-root / (@pcaversaccio)
11:36 AM • Dec 8, 2024
The company’s @CoinbaseSupport account characterized the reports as "FUD" but assured customers they are working to resolve issues promptly.
PSA: Don't use a VPN to access Coinbase.
Attackers always use VPN's, so our risk models take that as a negative sign even if you're legitimately using your own account. x.com/i/web/status/1…
— Scott Shapiro 🛡 shapiro.eth (@scottshapiro)
9:07 PM • Dec 2, 2024
Security researchers criticized Coinbase's use of VPNs as a risk factor, with its potential to unfairly flag legitimate accounts.
I've read your tweets over the last few days and it's clear that my prior tweet on VPNs & Adblockers was poorly worded and caused a ton confusion.
Let me clarify in 🧵:
— Scott Shapiro 🛡 shapiro.eth (@scottshapiro)
6:31 PM • Dec 4, 2024
Coinbase clarified that VPN use alone does not trigger account restrictions but becomes a concern when combined with suspicious activity like unknown device logins.
Crypto users are some of the most privacy and security minded users on the planet. There are also places on the planet where is it physically dangerous to access a crypto exchange without a VPN masking their destination from the local ISP.
You are making some of your users… x.com/i/web/status/1…
— Nick Percoco (@c7five)
3:11 AM • Dec 3, 2024
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And that’s it for this today.
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See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com