Blockchain-based payments firm Ripple has obtained in-principle regulatory approval from Singapore’s financial regulator to offer digital asset payments and token products in the city-state. Ripple confirmed the approval from the Monetary Authority of Singapore (MAS) in a June 22 statement. The approval will allow its subsidiary — Ripple Markets Asia Pacific — to further scale
Month: June 2023
Bitcoin (BTC) returned to $30,000 after the June 21 Wall Street open in a triumphant continuation of the week’s gains. BTC/USD 1-day chart. Source: TradingView Bitcoin price destroys traces of multi-week downturn Data from Cointelegraph Markets Pro and TradingView confirmed a new multi-month high of $30,340 on Bitstamp. BTC price action continued to heat up
Among the more memorable displays at Bitcoin 2023 is a real-life toilet with the logos of various non-Bitcoin cryptocurrencies. It’s an ad for a booth selling “buttwipes” that are “moistened with the tears of no-coiners.” The marketing message is clear: Bitcoin is the real thing — everything else is a shitcoin that belongs in the
Ethereum has been the dominant smart contract and decentralized application (Dapp) network since its inception. An analysis based on Ether’s price (ETH), and its market capitalization, shows indisputable evidence that the blockchain has been gaining market share over time. Ether market capitalization dominance (%). Source: TradingView As shown above, Ether’s dominance in market capitalization terms
A team of researchers from the Bitcoin Policy Institute, a nonprofit think tank, have roundly rejected the conclusions reached in a 2022 paper claiming that Bitcoin has an intrinsic scaling problem that will lead to limited adoption in the future. According to the Bitcoin Policy Institute’s researchers, the original paper, dubbed “Bitcoin’s Limited Adoption Problem,”
BlackRock’s application for a spot Bitcoin (BTC) exchange-traded fund (ETF) has encouraged other financial firms to follow suit. First, it was the New York-based asset management fund WisdomTree which made a new filing on June 21 for a Bitcoin ETF. This was then followed by investment manager Invesco, which reactivated its application for a spot
Cryptocurrency fund manager Valkyrie is applying for a Bitcoin spot exchange-traded fund (ETF), joining several other financial firms that have filed similar applications with the United States Securities and Exchange Commission (SEC) in the last week. Valkyrie filed an S-1 registration form for a Bitcoin spot ETF with the SEC on June 21. In it, the firm
Bitcoin (BTC) hit $29,000 on June 21 as largescale buying fueled a fresh sentiment boost. BTC/USD 1-hour chart. Source: TradingView Analyst: $29,000 becoming fakeout “very unlikely” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $29,014 on Bitstamp — its highest since May 7. The pair enjoyed continued buyer interest overnight, this coming on
The government of China had been trying hard to make people believe that Bitcoin (BTC) would become worthless, but its predictions to date have been far off the mark. The original crypto currency has gained as much as 36% since official statements a year ago that it would become worthless. Amid a wild bear market
Ethereum core developers plan to implement a 64-fold increase in the minimum amount of staked Ether (ETH) required to become a validator, from 32 ETH to 2048 ETH. The proposal was made during a June 15 Ethereum core developer consensus meeting by Ethereum Foundation researcher Michael Neuder. The researcher noted that although the current limit of
The United States majority Senate leader Chuck Schumer plans to call for “comprehensive legislation” regarding safety measures for artificial intelligence (AI). Schumer has remarks planned for a meeting at the Center for Strategic and International Studies in Washington D.C. on June 21, during which he will highlight the urgency for bipartisan action from Congress on
EDX Markets, a newcomer to the cryptocurrency exchange landscape, has made a notable entry with backing from prominent financial institutions such as Citadel Securities, Fidelity Investments, and Charles Schwab. The company recently unveiled the launch of its digital asset market on June 20, marking its official entry into the industry. According to the announcement, the
Polygon co-founder Mihailo Bjelic has proposed upgrading the Polygon proof-of-stake (PoS) network to a “zkEVM validium” version, according to a June 20 forum post. If the upgrade is implemented, the new version will rely on zero-knowledge proofs to increase security. HUGE UPDATE ON #Polygon Polygon may go through some huge changes in near future. @MihailoBjelic
Canadian citizens are being advised to double-check crypto trading service providers, as the platforms may be using “fictitious” regulatory bodies to boost their credibility. According to a June 20 Investor Alert from the Canadian Securities Administrators, some “purported” crypto platforms are claiming to be approved by certain regulatory authorities or dispute resolution organizations in “an
Bitcoin (BTC) achieved new highs for the month after the June 20 Wall Street open as observers stayed cautious on market strength. BTC/USD 1-day chart. Source: TradingView “No meaningful trend shift” for Bitcoin yet Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $27,499 on Bitstamp. The pair saw its highest levels since May
Expectations for the Ripple lawsuit summary judgment have heightened among XRP community members ahead of essential revelations. The broader crypto community and XRP holders await the unsealing of the Hinman speech documents moved up to June 13. Considering the building pressure and heightened regulatory uncertainty, the crypto community expects clarification from the doc. The Hinman
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