XRP price fell 8% on Monday after cryptocurrency exchange and brokerage service, Coinbase said it will discontinue XRP trading on January 19. The decision applies only to the retail platform and mobile apps as the crypto  Unicorn  Unicorn Unicorns represent privately held startup companies whose value exceeds $1 billion. The term itself was coined by venture capitalist Aileen Lee back in 2013, with Unicorns since assuming the gold standard of companies.At the time of writing, approximately 465 unicorns exist, with standouts becoming ubiquitous in everyday life. This includes Ant Financial, DiDi, Airbnb, Stripe, Lyft, and Palantir Technologies, among many others.While all wildly successful, many unicorns are themselves the products of company buyouts, given its existing designation.For example, many of these companies’ valuation has swelled due to buyouts from large public companies. This has proven to be a recursive trend in with major industry players such as Apple, Facebook, and Google focusing on acquisitions rather than capital expenditures and development of internal investment projects.This strategy has played out over the past few years with large companies opting to instead augment their own technology portfolio via buyouts, rather than in-house developments.Unicorns Benefitting from New TechnologyOf note, many unicorns have succeeded without launching their own Initial Product Offering (IPOs), which run multiple risks. Traditionally, many large brands and companies have relied on such stock offerings as a means to bolster valuation and raise money. However, IPOs can result in the evaluation of a company if the public market thinks a company is worth less than its investor base.Unicorns also have benefitted from other factors, including the availability of new technology. Social media in this sense has been an integral component to unicorns’ success, helping achieve economies of scale.Furthermore, the advent of Peer-to-Peer (P2P) technology, platforms, and cloud computing has also played a key role in the growth of unicorns. Unicorns represent privately held startup companies whose value exceeds $1 billion. The term itself was coined by venture capitalist Aileen Lee back in 2013, with Unicorns since assuming the gold standard of companies.At the time of writing, approximately 465 unicorns exist, with standouts becoming ubiquitous in everyday life. This includes Ant Financial, DiDi, Airbnb, Stripe, Lyft, and Palantir Technologies, among many others.While all wildly successful, many unicorns are themselves the products of company buyouts, given its existing designation.For example, many of these companies’ valuation has swelled due to buyouts from large public companies. This has proven to be a recursive trend in with major industry players such as Apple, Facebook, and Google focusing on acquisitions rather than capital expenditures and development of internal investment projects.This strategy has played out over the past few years with large companies opting to instead augment their own technology portfolio via buyouts, rather than in-house developments.Unicorns Benefitting from New TechnologyOf note, many unicorns have succeeded without launching their own Initial Product Offering (IPOs), which run multiple risks. Traditionally, many large brands and companies have relied on such stock offerings as a means to bolster valuation and raise money. However, IPOs can result in the evaluation of a company if the public market thinks a company is worth less than its investor base.Unicorns also have benefitted from other factors, including the availability of new technology. Social media in this sense has been an integral component to unicorns’ success, helping achieve economies of scale.Furthermore, the advent of Peer-to-Peer (P2P) technology, platforms, and cloud computing has also played a key role in the growth of unicorns. Read this Term will continue to support XRP on Coinbase Custody and Coinbase Wallet.

This is the latest announcement from a major crypto platform to drop the token listing on the heels of an SEC lawsuit that is pursuing legal action against Ripple and its executives.

Trading XPR on Coinbase platforms, which count 40 million users worldwide and is gearing up for an IPO, will move into limit only starting today, and will be fully suspended on January 19, 2021.

“In light of the SEC’s lawsuit against Ripple Labs, Inc, we have made the decision to suspend the XRP trading pairs on our platform. We will provide additional updates, if any, through the Coinbase Support Twitter account, including if there are any changes to timing,” the popular US exchange said.

Coinbase said the trading suspension will not affect customers’ access to XRP wallets which will remain available for deposit and withdraw even after trading is halted, the San Francisco-based platform emphasized in their latest update.

XRP holders in certain jurisdictions will still be able to benefit from next year’s airdrop, which will give away Spark tokens at a one-to-one ratio against their current holdings.

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So far, three major exchanges, namely OKCoin, Bitstamp and Coinbase, as well as crypto market maker B2C2 and payment provider Simplex have either temporarily suspended XRP trading or removed it entirely.

Soon after the SEC announced charges against Ripple, lesser-known crypto platforms such as OSL, CrossTower and Beaxy suspended XRP trading effective immediately and until further notice. Further, crypto fund manager, Bitwise liquidated its position in XRP, citing regulatory concerns.

The XRP price has crashed from $0.64 to $0.28 in under a week as traders and investors process the news.

Ripple is developing several  Blockchain  Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term-based solutions that enable cross-border money transactions between banks in a faster and cheaper way than the current systems allow.

Some of the top 10 US banks, as well as other big remittance companies, are already using Ripple’s product across their payment services, including MoneyGram, Standard Chartered Bank, American Express and many others.