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Miami Mayor Francis Suarez Opens Doors to Bitcoin Donations for Presidential Campaign

Francis Suarez, the Bitcoin-friendly Mayor of Miami, has announced that his presidential campaign will now accept donations in Bitcoin (BTC). He believes that embracing cryptocurrencies will create opportunities for wealth creation free from human manipulation and political goals. Supporters can donate as little as 0.00034 Bitcoin (approximately $1) through his campaign website. Suarez has been a vocal advocate for digital assets, aiming to make Miami a Bitcoin hub. He also expressed opposition to a central bank digital currency, emphasizing the need for clear guidelines and rules in the crypto space.

coindesk - 1115 ngày trước

Investors Flock to Crypto Options on CME, Hitting Nearly $1 Billion in July

Chicago Mercantile Exchange (CME) experienced significant growth in crypto options trading volume in July, with a 24% increase to $940 million. This rise was the first in four months and was fueled by investors seeking hedging tools. Bitcoin options saw a 16.6% increase to $734 million, while ether options surged by 60% to $207 million. The rise in BTC options suggests institutional investors may be using options to hedge their positions amid market uncertainty. Overall, the combined volume of crypto spot and derivatives trading on centralized exchanges dropped 12% in July to $2.36 trillion, the second-lowest since December 2020.

coindesk - 1115 ngày trước

Ripple Emerges as a Leading Global Digital Payment Company in CNBC's Top 40 Ranking

Ripple, the US-based blockchain firm, has earned a spot in CNBC's inaugural ranking of the top 40 global digital payment companies, joining industry giants Tencent and Paypal. The report, created in collaboration with Statista, evaluated over 1,500 payment firms based on key indicators such as revenue and user numbers. The fintech sector's major players, including Binance and Coinbase, as well as promising startups, made the list. The digital payments industry is currently valued at $54 trillion, expected to grow with global digital adoption.

Coin Edition - 1116 ngày trước

Jack Dorsey's Block Reports Q2 Revenue of $5.5 Billion, Bitcoin Emerges as Top Revenue Source

Block Inc., a Bitcoin-friendly payments company, reported a substantial Q2 2023 gross profit of $1.87 billion—a 27% YoY increase. Bitcoin revenue contributed $2.4 billion out of $5.5 billion net revenue, showing a 34% rise compared to 2022. Cash App's Bitcoin revenue also surged by 39% to $1.16 billion. The company attributes the growth to increased Bitcoin sales, despite a decline in the cryptocurrency's average market price. Moreover, Block Inc. recorded no impairment losses on its $245 million Bitcoin holdings during the three- and six-month periods ending June 30, 2023.

Decrypt - 1116 ngày trước

Bitcoin Whales Purchase Over $750 Million in 3 Months, Accumulating Half of Total Supply

Market intelligence firm Santiment reports that wealthy Bitcoin investors have invested more than $750 million in the leading cryptocurrency over the last three months. These Bitcoin millionaires and billionaires have significantly increased their activity, acquiring a total of 11.5 million BTC, which accounts for over half (59.2%) of the entire Bitcoin supply. There are approximately 15,870 Bitcoin addresses holding at least 100 BTC each, and their combined share has grown by 27,755 BTC in the past 12 weeks. This surge in whale accumulation highlights their continued interest in the digital asset.

The Daily Hodl - 1116 ngày trước

Over 60% of Spanish Citizens Plan Long-Term Cryptocurrency Investment

Spain is witnessing a remarkable surge in crypto adoption, with major companies accepting digital assets as payment and more citizens planning to hold onto cryptocurrencies for the long term. According to Bitnovo's report, around 60.7% of Spanish residents intend to buy and hold crypto, indicating mainstream acceptance. Crypto payments are gaining popularity, overtaking bank transfers, and 53.6% of Spaniards use cryptocurrencies for savings. The government is cautiously approaching crypto regulation, but the recent adoption of the MiCA Regulation by the European Parliament suggests a forthcoming regulatory framework. Spain currently ranks 22nd in global cryptocurrency ownership.

Bitcoinist.com - 1116 ngày trước

KPMG Report Endorses Bitcoin as Environmentally Friendly Investment

KPMG, the prominent consulting firm, released a report assessing Bitcoin's environmental impact, particularly its mining activities. The report emphasizes that Bitcoin mining emissions, at 67 MtCO2e per year, are significantly lower than industries like gold mining (100 MtCO2e), tourism (4,500 MtCO2e), and fashion (2,100 MtCO2e). Deforestation alone contributes over 1,000 MtCO2e. The report suggests using renewable energy sources like wind and solar power, balancing power grids, and recycling waste heat to further reduce Bitcoin's environmental impact. KPMG concludes that the focus should be on addressing larger emissions sources, not just Bitcoin mining.

coinspeaker - 1116 ngày trước

MicroStrategy CEO Michael Saylor Commits Firmly to Bitcoin Amid ETF Developments

MicroStrategy, a prominent business intelligence firm, reaffirms its commitment to Bitcoin and its unique approach to crypto investment. CEO Michael Saylor stated that the company's Bitcoin operating strategy differentiates it from traditional ETFs, enabling them to generate significant yields for shareholders through leveraged investments. Saylor also highlighted that spot Bitcoin ETFs will attract large institutional players, benefiting the entire crypto ecosystem. With a market capitalization of $5.3 billion and the goal to accumulate more Bitcoin, MicroStrategy continues to play a significant role in the crypto market's growth.

cointelegraph - 1117 ngày trước

ETF Analysts Increase Chance of Spot Bitcoin ETF Approval to 65% Due to Blackrock's Influence

In a recent development, Bloomberg ETF analysts James Seyffart and Eric Balchunas have raised the probability of a spot bitcoin ETF debut in the United States to 65%. The surge in likelihood is attributed to mounting pressure from investment giant Blackrock and potentially from Democrats, which may prompt the U.S. Securities and Exchange Commission (SEC) to take action. With a wave of spot bitcoin ETF applications awaiting review, analysts predict that a victory for Grayscale over the SEC in federal court could lead to multiple SEC approvals in the fourth quarter.

Bitcoin news - 1117 ngày trước

Robert Kiyosaki Foresees US Dollar Collapse, Promotes Bitcoin as the Ultimate Hedge

As the BRICS summit approaches, financial author Robert Kiyosaki has reiterated his prediction of doom for the US dollar and endorsed Bitcoin as a viable alternative. Speaking on his podcast with crypto platform founders, Kiyosaki emphasized the importance of knowing real money from fake money, with the USD being the latter. He praised Bitcoin as a hedge against criminal money and predicted that the upcoming BRICS summit could lead to the US dollar's downfall. Kiyosaki believes that Bitcoin will reach $120,000 in 2024, becoming a safeguard amid economic uncertainty.

Finbold - 1117 ngày trước

Litecoin Halving Successfully Concludes, Block Rewards Slashed to 6.25 LTC per Block

The much-anticipated Litecoin halving event has successfully taken place, reducing block rewards to 6.25 Litecoin per block. Litecoin's blockchain completed the halving process automatically at block 2,520,000 on Aug. 2. Founder Charlie Lee discussed the countdown timer discrepancies, favoring the accuracy of the NiceHash timer. Meanwhile, LTC prices have been relatively stable around $92 after peaking at $110 in early July. Currently, Litecoin ranks as the 12th largest cryptocurrency with a market capitalization of $6.8 billion and daily trading volume of approximately $1.14 billion.

cointelegraph - 1117 ngày trước

Ripple's Q2 Performance Report Reveals Massive XRP Holdings

American blockchain payments firm, Ripple Labs Inc, has published its Q2 performance report, highlighting its significant ownership of XRP coins. The report distinguishes two categories: XRP in escrow and XRP held by the company. As of June, the total XRP in on-ledger escrow is reported at 41,900,000,005, while the XRP held by the company stands at 5,551,119,094. This indicates a rise in XRP holdings compared to the previous quarter. The release of XRP coins from escrow over the next 42 months aims to enhance operations on the XRPL and other company areas.

ripple - 1118 ngày trước

Coinbase Plans to Add Bitcoin's Lightning Network for Faster and Cheaper Payments

Coinbase (COIN), a prominent cryptocurrency exchange, is making moves to integrate Bitcoin's Lightning Network for payments, aiming to enhance cryptocurrency transactions worldwide. CEO Brian Armstrong expressed his support for the Lightning Network, stating that it may be challenging but worthwhile. The Lightning Network operates as a second layer for Bitcoin, utilizing micropayment channels to expedite transactions at a lower cost. This approach reduces network congestion by bundling multiple transactions into one before submitting them to the main blockchain. Coinbase's move signals growing acceptance and adoption of cryptocurrencies in the financial world.

Twitter - 1118 ngày trước

Former Goldman Sachs Executive Envisions 1.2 Billion Crypto Users Worldwide in the Near Future

Former Goldman Sachs executive Raoul Pal predicts that the global number of cryptocurrency users is set to skyrocket, surpassing one billion in the near future. Comparing adoption rates of the internet and crypto, Pal believes digital asset users could reach 1.2 billion by December 2025, with even more growth expected by 2030. Central bank digital currencies and NFTs are expected to drive this adoption. Pal also highlights the potential of Worldcoin as a solution for digital identity, advocating for fully decentralized versions using zero-knowledge proofs as the next crucial step in the industry.

The Daily Hodl - 1118 ngày trước

Nomura Expands into Dubai's Crypto Market with Full Regulatory Approval

Nomura, a major Asian financial services group, has obtained a full license from Dubai's Virtual Asset Regulatory Authority (VARA) to launch virtual assets and brokerage services in the region. The move comes at a time of increasing interest in digital assets among institutional and retail investors worldwide. With the license in place, Nomura's crypto arm, Laser Digital, will offer Virtual Asset (VA) broker-dealer services, investment solutions, and over-the-counter crypto trading for institutions and professional investors in Dubai. The UAE's crypto-friendly environment is poised to bolster Nomura's growth in the region.

coinspeaker - 1118 ngày trước

FTX Paves the Way for Reviving Crypto Exchange, Benefitting Worldwide Customers

FTX, the popular cryptocurrency exchange, has filed a restructuring plan benefiting its customers. The plan outlines a priority system for claimants and proposes the creation of an offshore exchange company, allowing former customers to opt for equity securities or tokens instead of cash payout. The move suggests a potential "reboot" of FTX, with possible upgrades to the platform. However, some critics argue that the plan does not account for FTT token holders due to a previous SEC complaint. Overall, the plan showcases a positive step towards embracing cryptocurrencies in the financial sector."

coindesk - 1119 ngày trước

Potential Presidential Candidate Ron DeSantis Stands Firm on Bitcoin, Reject CBDC

Ron DeSantis, the Governor of Florida and a potential presidential candidate, has pledged to halt the Biden administration's alleged assault on the crypto industry if he assumes office. Speaking during a campaign stop in New Hampshire, DeSantis reaffirmed his support for the use of Bitcoin and criticized the consideration of a Central Bank Digital Currency (CBDC). He signed legislation in Florida to ban the issuance of a federal CBDC, citing concerns over financial surveillance. Several other Presidential candidates, like Francis Suarez and Robert Kennedy Jr., have also expressed their backing for Bitcoin.

Decrypt - 1119 ngày trước

New Study Finds 2/3 of the World's Largest Banks Now Support Crypto Trading

CoinGecko's recent report reveals that more global banks are embracing cryptocurrencies than previously thought. Out of the 30 largest banks based on assets under management (AUM), two-thirds support crypto trading via regulated exchanges, and this figure rises to 74% for the top 50 banks worldwide. However, none of these banks currently allow retail crypto trading or on-ramping from their platforms. Chinese banks remain the least crypto-friendly due to restrictions, while Hong Kong is becoming more receptive to crypto, attracting exchanges like Coinbase. The top 50 banks' combined assets managed in 2023 reach $89.37 trillion.

CryptoPotato - 1120 ngày trước

Human Rights Foundation Offers 20 Bitcoins Reward in Bug Bounty Challenge

The Human Rights Foundation (HRF) has launched a bug bounty challenge to improve Bitcoin for activists, offering a total of 20 Bitcoins (worth over $500,000) as rewards. The bounties focus on enhancing the Bitcoin user experience, particularly in mobile wallets, and were inspired by feedback from global activists. Six of the challenges are directed at improving mobile wallets, while others include developing open-source design components and supporting a censorship-resistant social network. The HRF aims to promote financial freedom for dissidents and human rights activists. The bounties will continue until the end of 2024.

Decrypt - 1120 ngày trước

Veteran Trader Peter Brandt Envisions Bitcoin as the Dominant Asset Class

Veteran trader Peter Brandt, known for accurately predicting the 2017 Bitcoin collapse, foresees Bitcoin becoming the dominant asset class in the long term, surpassing stocks and gold. He believes Bitcoin's correlation with other markets is insignificant, emphasizing that what truly matters is how other assets correlate with Bitcoin. Brandt predicts that US regulators will eventually approve a spot-based Bitcoin exchange-traded fund and the upcoming Bitcoin halving in April 2024, but he anticipates these events to have little impact on the market, with investors likely "buying the rumor and selling the fact."

The Daily Hodl - 1120 ngày trước

Blockchain and Crypto Set to Revolutionize Payments, Asserts Ripple's White Paper

Fintech giant Ripple, in partnership with Faster Payments Council, released a white paper outlining its vision to revolutionize global money transfers using crypto and blockchain. The report highlights discontent with traditional cross-border methods and the potential of cryptocurrencies for future payments. A survey of 300 industry leaders from 45 countries showed that 97% believe blockchain and crypto will transform the industry in three years, with over 50% expecting widespread crypto acceptance among merchants. Ripple's ODL technology, utilizing XRP, is already making significant progress in cross-border payments.

U.Today - 1121 ngày trước

Long-Term Bitcoin Holders Increase Holdings by $33 Billion, Favoring HODL Strategy

Long-term Bitcoin holders have increased their holdings by over 1.10 million BTC in the past year, amounting to $33 billion, according to Glassnode data cited by on-chain analyst Ali. The Bitcoin long-term holder supply has reached a record high of 14.52 million BTC, equivalent to 75% of the circulating supply, suggesting a preference for HODLing among mature investors. The realized cap of Bitcoin, currently around $400 billion, indicates a consistent influx of capital throughout 2023. Whale-to-exchange net flows have been higher than usual, with 4,000 to 6,500 BTC-day entering the market in June and July.

U.Today - 1121 ngày trước

Crypto Hardware Giant Phoenix Technology Contemplates UAE IPO, Says Report

Phoenix Technology, a prominent crypto mining hardware provider, is reportedly considering an initial public offering (IPO) in the United Arab Emirates (UAE), a country known for its crypto-friendly regulations. While details of the IPO are still being worked out, Phoenix Technology is recognized for operating one of the largest mining facilities in the Middle East. The UAE has made significant strides in crypto regulation, establishing the Dubai Virtual Asset Regulatory Authority (VARA) and the RAK Digital Assets Oasis, attracting crypto players who prefer the country's streamlined and business-friendly infrastructure over the US's fragmented regulatory environment.

cryptointelligence - 1121 ngày trước

Exponential Growth in Ethereum Transactions through AI DAOs, Says Arthur Hayes

BitMEX founder Arthur Hayes discusses the potential for Artificial Intelligence (AI) to organize itself through Decentralized Autonomous Organizations (DAOs) using public blockchains. He argues that AI's increasing dominance poses challenges for state-sanctioned regulatory entities. DAOs would facilitate collaboration between AI and humans, allowing them to operate beyond state-based legal norms. Hayes predicts that Ethereum transactions will surge if AI DAOs become a reality, leading to an increase in ETH's value. Successful DAOs may create "natural monopolies" in decentralized exchanges (DEXs) for specific tokens, offering profitable investment opportunities.

CryptoPotato - 1122 ngày trước

ARK Invest's Cathie Wood Bullish on Bitcoin's Growth as a Safe Haven Amid Bank Failures

Cathie Wood, CEO of ARK Invest and a strong supporter of cryptocurrencies, predicts significant growth for Bitcoin as a store of value, especially in the wake of recent bank collapses. She believes that the 60% surge in Bitcoin's price, from $19,000 to $30,000, during the regional bank collapses demonstrates its potential as a safe haven for wealth storage. Wood remains bullish on digital assets, citing three revolutions driven by crypto: Bitcoin dominating the money revolution, Ethereum-based DeFi revolutionizing financial services, and the emergence of digital property rights through NFTs and the metaverse.

newsbtc - 1122 ngày trước

Kyrgyzstan's Government Backs Cryptocurrency Mining Farm to Boost Economy

Kyrgyz President Sadyr Japarov supports the establishment of a cryptocurrency mining farm at a hydroelectric power plant in Kyrgyzstan. The government plans to spend $20 million on the facility at the Kambar-Ata-2 Hydro Power Plant. Japarov believes that the mining farm will help utilize the non-used power from the plant, which has caused significant energy losses in the past. The earnings from the mining farm will be directed towards benefiting the country's budget and its citizens. Despite recent energy-related challenges, the move towards cryptocurrency mining is seen as an opportunity to boost the local economy.

cointelegraph - 1122 ngày trước

Netherlands Grants Official Registration to Crypto.com Amidst Binance's Withdrawal

Crypto.com, a crypto service provider, has received official registration from the Dutch central bank (DNB), marking a significant milestone for the company. Despite the Netherlands' strict approach towards other crypto companies like Binance and Coinbase, they have recognized Crypto.com under its formal name of Foris DAX Global Ltd. This regulatory approval showcases the company's commitment to compliance, and it has garnered recognition in jurisdictions like the U.K., Dubai, and France as well. The CEO of Crypto.com, Kris Marszalek, expressed gratitude and looks forward to collaborating with DNB and other global regulators.

coindesk - 1122 ngày trước

Sazmining Revolutionizes Bitcoin Mining in Paraguay with Sustainable Facility

Sazmining, a Bitcoin mining provider, is leveraging Paraguay's low electricity costs and commitment to renewable energy to establish a profitable mining facility. This move not only transforms Paraguay's surplus electricity into a sustainable venture but also fosters growth in the Bitcoin mining industry. Operating on a non-custodial model, Sazmining ensures customers receive their Bitcoin rewards directly to their wallets, while providing top-notch maintenance, customer service, and security. This development allows Paraguay to monetize its surplus energy and create a promising future for the country and the Bitcoin mining sector.

Bitcoin Magazine - 1123 ngày trước

Coinbase CEO Brian Armstrong Urges Support for Crypto Regulation Bill in the

Coinbase CEO, Brian Armstrong, is advocating for support of the Financial Innovation and Technology for the 21st Century Act, which aims to create clear regulatory guidelines for the crypto industry in the United States. The bill, sponsored by a group of congressmen, proposes that the U.S. Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CTFC) oversee the regulatory system for crypto assets. Armstrong argues that passing the bill would safeguard the value of crypto, promote American innovation, and enhance national security by providing much-needed clarity and certainty to the digital asset space.

The Daily Hodl - 1123 ngày trước

Binance's Founder CZ Announces Full Services Launch in Japan from August

Cryptocurrency exchange Binance, founded by Changpeng Zhao (CZ), is set to launch full services in Japan starting from August. This comes after Binance announced its discontinuation of services through its global platform and acquired the Japan-regulated Sakura Exchange Bitcoin (SEBC) in 2022. The move allows Binance to comply with local regulations and scale up operations in the Japanese market. During a virtual address, CZ praised Japan's regulatory environment and confirmed Binance's commitment to the Japanese market. Binance is also exploring opportunities in other Asian markets while facing regulatory challenges in the U.S.

Bitcoin News - 1123 ngày trước

House Financial Services Committee Shows Support for Crypto and Blockchain Legislation

The House Financial Services Committee has advanced crypto bills to establish a comprehensive legal framework for cryptocurrencies and tackle blockchain-related concerns. While some lawmakers voiced worries about certain provisions and the power given to the CFTC, proponents believe the legislation will prevent the U.S. from falling behind in crypto regulation. The bills aim to bring clarity to the industry, attract businesses to the U.S., and create opportunities for Americans in the crypto sector. Senate's inclusion of anti-money laundering provisions shows policymakers' commitment to addressing compliance matters, promising growth and development for the crypto industry.

coindesk - 1123 ngày trước

Mark Zuckerberg's Unwavering Commitment to the Metaverse

Despite significant losses in its metaverse initiative, Meta (META) remains committed to the concept. Mark Zuckerberg, the company's CEO, stated that their focus on both artificial intelligence and the metaverse has been ongoing for years and believes they are complementary. While the metaverse has not been profitable yet, Zuckerberg sees it as the direction the world is heading. In their recent earnings, Meta reported positive net income and revenue growth. However, their Threads app experienced a substantial drop in active users since its launch.

coindesk - 1124 ngày trước

Billionaire Investor Tim Draper Bullish on Bitcoin's Supremacy over Traditional Currencies

Billionaire tech and cryptocurrency investor Tim Draper believes in Bitcoin's resiliency, technical supremacy, and possibility for mass acceptance. He promotes Bitcoin as a superior alternative to existing fiat currencies due to its decentralized and trustless architecture, which uses hundreds of nodes to verify transactions. Draper anticipates that more merchants will accept Bitcoin payments, drawn by the potential cost savings of up to 2% when compared to credit cards. He is bullish on Bitcoin's future, viewing it as a game changer in money and business throughout the globe.

cointelegraph - 1124 ngày trước

Italian Central Bank Collaborates with Polygon and Fireblocks to Develop an Institutional Security Token Ecosystem

The Bank of Italy's innovation hub has partnered with Polygon Labs and Fireblocks to develop an Institutional DeFi for Security Token ecosystem. This initiative aims to enable traditional financial institutions to experiment with security tokens and conduct transactions using DeFi in a regulated manner. The project includes collaboration with Italian banks and financial institutions, including Intesa Sanpaolo. With tokenization gaining momentum and potential to revolutionize industries by offering faster transactions, lower costs, and enhanced financial infrastructure, embracing crypto and DeFi can prove beneficial for the financial sector.

coindesk - 1124 ngày trước

Singapore's High Court Affirms Cryptocurrency's Status as Property

Singapore's High Court has recognized cryptocurrency as a property held on trust in a case involving Bybit exchange and contractor Ho Kai Xin. Bybit accused Ho of breaching her employment contract by transferring 4.2 million USDT and fiat currency to her personal accounts. The court sided with Bybit, affirming that crypto assets can be treated as property with enforceable rights in court. The judge's comparison of crypto's value to traditional currencies highlights societal acceptance as the basis for value. This ruling solidifies the legitimacy of cryptocurrencies and their acceptance within the legal system.

elitigation - 1124 ngày trước

BlackRock Advocates a Staggering 84.9% Bitcoin Portfolio Allocation

BlackRock, the largest asset manager globally, has openly endorsed Bitcoin by recommending an optimal portfolio allocation with a significant 84.9% weighting for the digital asset. This move has sparked positive reactions, with economists predicting that Bitcoin's value could soar significantly if investors act on the recommendation. The endorsement further strengthens the argument that Bitcoin is a vital component of diversified investment portfolios, even though it exhibits high volatility. As institutional support grows, cryptocurrencies like Bitcoin gain credibility and acceptance, making a compelling case for their inclusion in the financial landscape.

BeInCrypto - 1125 ngày trước

Namibia Takes a Step Forward with Crypto Exchange Regulation Law

Namibia has officially reversed its 2017 ban on cryptocurrency exchanges by signing the Namibia Virtual Assets Act 2023 into law. The new legislation aims to regulate Virtual Asset Service Providers (VASPs) and establish a regulatory authority to oversee crypto exchanges. The law's key objectives include consumer protection, preventing market abuse, and tackling money laundering and terrorism financing risks. Non-compliant providers may face penalties of up to $671,000 and 10 years in prison. Despite this move, cryptocurrencies will not hold legal tender status in Namibia, as maintained by the Bank of Namibia.

cointelegraph - 1125 ngày trước

Bitcoin's Price Soaring to $180,000 Due to ETF and Halving, Says Fundstrat

According to Fundstrat, the price of Bitcoin could surge by 521% to reach $180,000 before the April 2024 halving event. This optimistic prediction is based on the potential launch of a Bitcoin ETF, which could add $100 million in daily demand for the cryptocurrency. The halving, which reduces mining rewards, is also seen as a bullish factor historically leading to price increases. With a multiplier effect of 4.0x to 5.0x, the approval of a Bitcoin ETF could attract new investors and generate increased demand, potentially pushing Bitcoin's value into a triple-digit range.

Markets Insider - 1125 ngày trước

Kaiko Report: XRP Takes the Crown as the Most Traded Altcoin of the Year

According to blockchain analytics firm Kaiko, Ripple's XRP emerged as the top-traded altcoin in the current year, with a trading volume exceeding $150 billion, significantly surpassing other altcoins like Solana's SOL, Dogecoin (DOGE), BNB, and Polygon's MATIC. This surge in volume can be attributed to renewed investor interest in XRP after Ripple's partial victory against the U.S. Securities and Exchange Commission (SEC). The victory allowed Americans to trade XRP on major exchanges, leading to improved liquidity and trading for the cryptocurrency. Despite this, XRP remains up 43% in the last 30 days.

CryptoSlate - 1125 ngày trước

US Congressman Warren Davidson Slams CBDCs, Prefers Permissionless P2P Transactions

United States Republican Representative Warren Davidson opposes government central bank digital currencies (CBDCs), advocating for a swift ban and criminalization of any related activities. He believes CBDCs turn money into tools for coercion and control, instead advocating for permissionless peer-to-peer (P2P) transactions. Davidson and other anti-CBDC politicians, like Florida Governor Ron DeSantis and Republican Tom Emmer, fear the surveillance and control implications of CBDCs, pushing for legislation to prevent their issuance. As a result, the prospects of a digital dollar in the US seem uncertain amidst strong opposition from various House representatives.

cryptonews - 1125 ngày trước