Market Outlook

Coinbase said it will suspend trading of XRP, the cryptocurrency at the heart of an SEC lawsuit against Ripple Labs.

The announcement comes after a holiday weekend in which the price of bitcoin hit a succession of new all-time highs.

Year to date, bitcoin is up more than 270%.

The price of the leading cryptocurrency has risen about 14% in the last 48 hours.

A week ago last Thursday, Deribit made news by introducing call and put options at the $100,000 strike price.

The leading cryptocurrency set another all-time high this month.

The event happened just a week after the leading cryptocurrency broke $24,000.

Bitstamp is the first major U.S.-based crypto exchange to respond to the SEC lawsuit against Ripple.

The token, named 1INCH and running on Ethereum, will be distributed to all wallets that have previously interacted with the platform.

Mayor Suarez is open to everything from blockchain voting to tokenization.

The CEO would not confirm whether his company was ever in talks with PayPal, saying BitGo is "in talks with everyone."

The SEC is accusing Ripple of violating federal securities laws via sales of the XRP cryptocurrency to retail consumers.