Coinbase to Delist Decentralized Social (DESO)
Coinbase announced it will suspend trading for Decentralized Social (DESO) on November 8, 2024, at approximately 2:00 PM ET. The platform has shifted DESO’s order books to limit-only mode, allowing users to place or cancel limit orders.
Key Details:
- Compliance-Driven Decision: Coinbase cited adherence to legal and security standards.
- New York Expansion: Flare (FLR), Injective (INJ), The Sandbox (SAND), and Stacks (STX) are now available to New York residents.
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Ripple vs. SEC: SEC Requests Deadline Extension
The SEC requested the Second Circuit Court of Appeals to extend its principal brief deadline to January 15, 2025. This sparked speculation about deliberate delays, but former SEC official Marc Fagel clarified:
"This is standard procedure. The SEC isn’t ‘extending’ anything—it’s following court rules for briefing timelines."
Community Reaction:
- Some XRP supporters remain skeptical of the SEC’s motives.
- The case continues to hinge on regulatory clarity for XRP.
Satoshi Nakamoto Identity Controversy
After HBO’s documentary suggested Peter Todd as Bitcoin’s creator, Todd responded with humor:
- Mock Revelation: Posted side-by-side images of the new Satoshi statue in Lugano and filmmaker Cullen Hoback in a similar pose.
- Criticism: Todd previously dismissed Hoback’s claims as based on shaky evidence.
Ongoing Debate:
- The true identity of Satoshi remains unconfirmed.
- The crypto community continues to scrutinize new "reveals."
FAQ Section
1. Why is Coinbase delisting DESO?
Coinbase prioritizes compliance and asset quality, leading to periodic reviews and delistings.
2. Does the SEC’s delay hurt XRP’s price?
While delays cause uncertainty, XRP’s long-term value depends on regulatory outcomes.
3. Is Peter Todd really Satoshi?
No conclusive proof exists. Todd’s response was satirical, highlighting the lack of evidence.
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Disclaimer: This content is for informational purposes only. Always conduct independent research before investing.
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