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Cryptocurrency XRP tumbles 19% as Coinbase exchange moves to suspend trading

Cryptocurrency XRP tumbles 19% as Coinbase exchange moves to suspend trading

Cryptocurrency XRP slumped 19% on Tuesday after Coinbase, a major U.S. virtual coin exchange, said it would suspend trading in the digital currency. California-based Coinbase said on Monday it would suspend trading in XRP after the U.S. Securities and Exchange Commission (SEC) last week charged an associated blockchain firm, Ripple, with conducting a $1.3 billion unregistered securities offering. Ripple has rejected the charges,...

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California-based Coinbase Ripple SEC U.S. XRP