The small Central Asian country is currently taking public comments on its framework legislation. Source: https://cointelegraph.com/news/kyrgyzstan-digital-som-cbdc-legislation-draft?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
DMarket NFTs Surpass Ethereum in Daily Sales
DMarket, a prominent non-fungible token collection on the Mythos network, has made headlines by leading the daily sales charts for the second consecutive day. On Thursday, DMarket reported an impressive $4.48 million in sales, outpacing the combined daily sales volume of all NFTs on the Ethereum blockchain, which totaled $3.9 million. This achievement marks a significant milestone in the NFT…
Ripple Starts Beta Testing of USD-Pegged Stablecoin on XRP Ledger and Ethereum
Ripple Labs has initiated beta testing for ripple usd (RLUSD), a stablecoin pegged to the U.S. dollar, on both the XRP Ledger and Ethereum mainnets. The stablecoin is currently not available for public trading as it awaits regulatory approval. Ripple’s USD-Backed Stablecoin Enters Beta Phase Ripple usd or RLUSD, designed to maintain a 1:1 value […] Source: https://news.bitcoin.com/ripple-starts-beta-testing-of-usd-pegged-stablecoin-on-xrp-ledger-and-ethereum/
Bitcoin’s V-shaped recovery could put BTC on path to new all-time high — Analysts
Bullish traders bought Bitcoin’s recent dip, possibly setting BTC on the way to a new all-time high. Source: https://cointelegraph.com/news/bitcoin-s-v-shaped-recovery-could-put-btc-on-path-to-new-all-time-high-analysts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ripple begins testing RLUSD stablecoin on mainnet
Ripple believes the total stablecoin market will swell to $2 trillion by 2028 as demand for the low-volatility fiat-pegged tokens grows. Source: https://cointelegraph.com/news/ripple-begins-testing-rlusd-stablecoin-mainnet?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bloomberg’s Mike McGlone: Recession Fears Could Drive Gold to $3,000
In a recent interview with Kitco News, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, warned that the current economic situation might surpass the 2008 financial crisis in severity. Drawing comparisons to pre-2008 indicators, McGlone highlighted significant risks of increased stock market volatility and global recession, particularly emphasizing economic challenges in China. He suggested that […] Source: https://news.bitcoin.com/bloombergs-mike-mcglone-recession-fears-could-drive-gold-to-3000/
Bitcoin bear trap over? BTC price fractal hints at parabolic move next
Bitcoin still faces significant resistance at $62,000, and if it breaks, it would liquidate over $845 million of leveraged shorts. Source: https://cointelegraph.com/news/bitcoin-bear-trap-over-fractal-btc-price-parabolic-move?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Nexio Raises $2.2M in Pre-Seed Funding, Launches Parallelized Bitcoin Rollup to Revolutionize Bitcoin’s Scalability
PRESS RELEASE. New York, August 9th, 2024 – Nexio, a pioneering Bitcoin scaling solution leveraging parallelized rollup technology, today announced that it has raised $2.2 million in pre-seed funding from a diverse roster of prominent industry investors. This funding will enable Nexio to accelerate the development and adoption of its parallelized Bitcoin rollup technology, aiming […] Source: https://news.bitcoin.com/nexio-raises-2-2m-in-pre-seed-funding-launches-parallelized-bitcoin-rollup-to-revolutionize-bitcoins-scalability/
MiCA regulation poses ‘systemic risk’ to banking system, says Tether CEO
According to Tether CEO Paolo Ardoino, recently approved MiCA regulations threaten both banks and stablecoin issuers. Source: https://cointelegraph.com/news/mica-regulation-systemic-risk-banking-system-tether-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Solana ETFs ‘Inevitable’ in US After Brazil Approval, Says VanEck Exec
After Bitcoin and Ethereum spot ETFs were approved for trading in the United States, multiple fund providers identified Solana as the next big target and filed to offer such crypto ETFs. Following this week’s approval of a Solana ETF in Brazil, experts suggest that a U.S. counterpart is sure to come—but when, exactly, remains unclear. While Brazil has emerged as…