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Crypto exchange, Bitstamp, has apologised after sharing a report by crypto analytics firm, Messari, claiming that the report does not reflect the views or values of the exchange.

The report dubbed ‘Crypto Thesis For 2021’, from founder and CEO, Ryan Selkis, refers to XRP and XLM as “Toxic Waste”, and further called Bitcoin and Litecoin forks “piles of s…”

The exchange has since removed the original Tweet sharing the report, and has issued an apology for posting the report. Bitstamp admits that they did not complete a thorough enough review of the 130+ page report before it was published. The exchange said that the report:

 “contained language and content that does not reflect Bitstamp’s views or values. We would like to apologize for that.” 


In response to Bitstamp’s apology, Selkis tweeted that he turned to humour,to keep people engaged in reading the 130+ page report. 

Selkis also mentioned that :

“I reserve the right to change my mind on XRP, however unlikely, in the future.”


One Twitter user accused Selkis of spreading FUD, claiming that Selkis is being paid to slander Ripple and XRP.


Feature image by Marco Verch from flickr

Andrew is a law student currently studying at UNISA, and Global Crypto's in-house reporter. Andrew discovered blockchain in his final year of school and since developed a keen interest in the subject. He appreciates a good cup of coffee. When he is not too busy with work or studies, he enjoys playing a good round of golf.