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According to a report by the Financial Times, San Francisco-based company Ripple is on track to launch a dollar-backed stablecoin.
With such a move, the company, which is best known for its association with the controversial XRP cryptocurrency, plans to build a bridge between crypto and traditional finance, making it possible to use blockchain technology for trading securities.
As noted by Ripple, the stablecoin market has ballooned to a whopping $150 billion. Tether's USDT stablecoin alone is worth $106 billion, according to the latest data provided by CoinGecko.
The new stablecoin will be fully backed by dollar deposits, cash equivalents, and government bonds. Ripple claims that it will be conducting attestations on a monthly basis.
Ripple has pitched the new product as an "enterprise-grade" stablecoin with a "compliance-first mindset."
More use cases
Ripple's upcoming stablecoin will be launched simultaneously on Ethereum and the XRP Ledger. In the future, the stablecoin's issuance will also be expanded to other blockchains, according to the company's announcement.
The company believes that its new product will be able to attract more liquidity while generating more use cases.
In his statement, Ripple CEO Brad Garlinghouse described his company's foray into the stablecoin sector as "monumental" for the XRP Ledger community.
#Ripple #xrp #XRP/USDT🔥🔥:
With such a move, the company, which is best known for its association with the controversial XRP cryptocurrency, plans to build a bridge between crypto and traditional finance, making it possible to use blockchain technology for trading securities.
As noted by Ripple, the stablecoin market has ballooned to a whopping $150 billion. Tether's USDT stablecoin alone is worth $106 billion, according to the latest data provided by CoinGecko.
The new stablecoin will be fully backed by dollar deposits, cash equivalents, and government bonds. Ripple claims that it will be conducting attestations on a monthly basis.
Ripple has pitched the new product as an "enterprise-grade" stablecoin with a "compliance-first mindset."
More use cases
Ripple's upcoming stablecoin will be launched simultaneously on Ethereum and the XRP Ledger. In the future, the stablecoin's issuance will also be expanded to other blockchains, according to the company's announcement.
The company believes that its new product will be able to attract more liquidity while generating more use cases.
In his statement, Ripple CEO Brad Garlinghouse described his company's foray into the stablecoin sector as "monumental" for the XRP Ledger community.
#Ripple #xrp #XRP/USDT🔥🔥:
The next Bitcoin halving is on the horizon, drawing closer with each passing block and anticipated to take place anywhere between April 18 to April 22, 2024, at the milestone of block 840,000. Following this event, the reward for mining a block will halve from 6.25 bitcoins to 3.125 bitcoins. The following is a thorough exploration of what you need to understand regarding the fourth Bitcoin halving.
Navigating Through Bitcoin’s Imminent Reward Halving
As of now, fewer than 2,900 blocks remain until the forthcoming Bitcoin halving event. To grasp the concept of halving, it’s beneficial to first understand how new bitcoins come into existence, primarily through the process of bitcoin mining.
This involves entities, known as miners, validating blocks packed with transactions awaiting confirmation. In their pursuit to secure bitcoin rewards, miners engage in a computational contest, applying their processing power in a method referred to as ‘Proof-of-Work’ (PoW).
Upon successfully discovering a block and validating the held transfers, miners are rewarded with 6.25 newly created bitcoins, in addition to collecting transaction fees from each transfer processed. While the discovery of blocks occurs on average every ten minutes, this duration can vary.
#bitcoinhalving #HalvingHorizons!
Navigating Through Bitcoin’s Imminent Reward Halving
As of now, fewer than 2,900 blocks remain until the forthcoming Bitcoin halving event. To grasp the concept of halving, it’s beneficial to first understand how new bitcoins come into existence, primarily through the process of bitcoin mining.
This involves entities, known as miners, validating blocks packed with transactions awaiting confirmation. In their pursuit to secure bitcoin rewards, miners engage in a computational contest, applying their processing power in a method referred to as ‘Proof-of-Work’ (PoW).
Upon successfully discovering a block and validating the held transfers, miners are rewarded with 6.25 newly created bitcoins, in addition to collecting transaction fees from each transfer processed. While the discovery of blocks occurs on average every ten minutes, this duration can vary.
#bitcoinhalving #HalvingHorizons!
The court sentenced Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, to 25 years in prison.
This verdict comes after a tumultuous period marked by fraud, perjury, and witness tampering allegations.
FTX’s Sam Bankman-Fried Sentenced to 25 Years in Prison
Despite arguments from Sam Bankman-Fried‘s defense team portraying him as a misunderstood genius, Judge Kaplan’s findings painted a starkly different picture. Kaplan highlighted Bankman-Fried’s false testimonies, stating he lied about his knowledge of FTX customer deposit expenditures.
As a result, Bankman-Fried received a 25-year sentence in a federal penitentiary for committing fraud against clients and backers of the cryptocurrency exchange FTX. Additionally, Kaplan noted Bankman-Fried’s attempts at witness tampering, further complicating the founder’s legal battle.
Marc Mukasey, Bankman-Fried’s attorney, attempted to soften his client’s image, emphasizing his non-malicious intentions. Mukasey described Bankman-Fried as an “awkward math nerd” with passions for video games, veganism, and animal welfare, arguing that his client never intended to harm anyone
#trendingtoic #btc
This verdict comes after a tumultuous period marked by fraud, perjury, and witness tampering allegations.
FTX’s Sam Bankman-Fried Sentenced to 25 Years in Prison
Despite arguments from Sam Bankman-Fried‘s defense team portraying him as a misunderstood genius, Judge Kaplan’s findings painted a starkly different picture. Kaplan highlighted Bankman-Fried’s false testimonies, stating he lied about his knowledge of FTX customer deposit expenditures.
As a result, Bankman-Fried received a 25-year sentence in a federal penitentiary for committing fraud against clients and backers of the cryptocurrency exchange FTX. Additionally, Kaplan noted Bankman-Fried’s attempts at witness tampering, further complicating the founder’s legal battle.
Marc Mukasey, Bankman-Fried’s attorney, attempted to soften his client’s image, emphasizing his non-malicious intentions. Mukasey described Bankman-Fried as an “awkward math nerd” with passions for video games, veganism, and animal welfare, arguing that his client never intended to harm anyone
#trendingtoic #btc
‘Ripple is well-positioned to pay a significant civil penalty,‘ says SEC
The SEC’s filing on a proposed $1.95 billion in fines and penalties for Ripple suggested the firm needed an incentive to stop violating laws beyond “just the cost of doing business.”
A United States Securities and Exchange Commission (SEC) brief detailing proposed fines and penalties for blockchain firm Ripple describes a different narrative than the one pushed by the company’s executives.
In a March 25 filing in U.S. District Court for the Southern District of New York, attorneys for the SEC proposed Ripple pay $876,308,712 in disgorgement and $198,150,940 in prejudgment interest and a $876,308,712 civil penalty — roughly $1.95 billion total. According to the regulator, the fines and penalties were appropriate based on Ripple’s “defiance of the law,” continuing to sell XRP after legal warnings.
“Ripple is well-positioned to pay a significant civil penalty,” said the SEC. “And one is warranted here both because a civil penalty should not be just the cost of doing business for a securities law violator, as the Second Circuit has held, and because the need for deterrence is clear given Ripple’s enormous amount of unregistered sales of XRP over the last three years.”
#ripple #xrp #XRP/USDT🔥🔥:
The SEC’s filing on a proposed $1.95 billion in fines and penalties for Ripple suggested the firm needed an incentive to stop violating laws beyond “just the cost of doing business.”
A United States Securities and Exchange Commission (SEC) brief detailing proposed fines and penalties for blockchain firm Ripple describes a different narrative than the one pushed by the company’s executives.
In a March 25 filing in U.S. District Court for the Southern District of New York, attorneys for the SEC proposed Ripple pay $876,308,712 in disgorgement and $198,150,940 in prejudgment interest and a $876,308,712 civil penalty — roughly $1.95 billion total. According to the regulator, the fines and penalties were appropriate based on Ripple’s “defiance of the law,” continuing to sell XRP after legal warnings.
“Ripple is well-positioned to pay a significant civil penalty,” said the SEC. “And one is warranted here both because a civil penalty should not be just the cost of doing business for a securities law violator, as the Second Circuit has held, and because the need for deterrence is clear given Ripple’s enormous amount of unregistered sales of XRP over the last three years.”
#ripple #xrp #XRP/USDT🔥🔥:
A British computer expert, who inadvertently misplaced a hard drive containing 7,500 bitcoins, has initiated a legal action to compel the Newport City Council to permit him to search through the landfill where the storage device is believed to be buried. Anticipating a further increase in the value of the cryptocurrency, the expert said he only wants to be given the chance to find the lost coins.
Hedge Fund Investors Support Howells
James Howells, a British computer expert whose ex-partner accidentally discarded a drive containing 7,500 bitcoins (BTC), has initiated a legal action to compel Newport City Council to permit him to search a landfill where he believes the cryptocurrency is located. A group of hedge fund investors is reportedly financing Howells’ potentially expensive lawsuit.
According to a report in the Daily Mail, the investors stand to receive a portion of the lost BTC if and when Howells successfully recovers them. In addition to financing the lawsuit, which is slated to be filed in the High Court, the hedge fund investors have assembled a team of search specialists and data recovery engineers.
As reported by Bitcoin.com News in September 2023, even Howells’ offer of a reward amounting to 25% of the cryptocurrency asset’s value failed to persuade Newport City Council officials. The rejection of his offer was the last straw for Howells, who has been in conflict with the council for a decade. He also cited the council’s refusal to discuss the issue as one reason for his decision to pursue legal action.
Computer Expert Declares He Won’t Back Down
While the BTC on the hard drive would be valued at just over $525 million at current prices (4:40 p.m. EST, March 25, 2024), Howells is quoted in the Daily Mail as saying the value of the bitcoins will far exceed a billion dollars. He added that his sole wish is to be given an opportunity to recover the lost coins.
“Some experts believe that by the end of the year the price will rise to $25,000[0] per coin. That would make my hard drive worth £1.5billion.
#bitcoin #bome #pepe
Hedge Fund Investors Support Howells
James Howells, a British computer expert whose ex-partner accidentally discarded a drive containing 7,500 bitcoins (BTC), has initiated a legal action to compel Newport City Council to permit him to search a landfill where he believes the cryptocurrency is located. A group of hedge fund investors is reportedly financing Howells’ potentially expensive lawsuit.
According to a report in the Daily Mail, the investors stand to receive a portion of the lost BTC if and when Howells successfully recovers them. In addition to financing the lawsuit, which is slated to be filed in the High Court, the hedge fund investors have assembled a team of search specialists and data recovery engineers.
As reported by Bitcoin.com News in September 2023, even Howells’ offer of a reward amounting to 25% of the cryptocurrency asset’s value failed to persuade Newport City Council officials. The rejection of his offer was the last straw for Howells, who has been in conflict with the council for a decade. He also cited the council’s refusal to discuss the issue as one reason for his decision to pursue legal action.
Computer Expert Declares He Won’t Back Down
While the BTC on the hard drive would be valued at just over $525 million at current prices (4:40 p.m. EST, March 25, 2024), Howells is quoted in the Daily Mail as saying the value of the bitcoins will far exceed a billion dollars. He added that his sole wish is to be given an opportunity to recover the lost coins.
“Some experts believe that by the end of the year the price will rise to $25,000[0] per coin. That would make my hard drive worth £1.5billion.
#bitcoin #bome #pepe
According to a last-minute development, the details of which are not yet clear, the SEC will demand a fine of $ 2 billion from Ripple (XRP) developer Ripple Labs.
Ripple Chief Legal Officer Stuart Alderoty announced the development as follows:
“As you will see when the SEC's summary is made public tomorrow, they are asking the judge for $2 billion in fines and sanctions.
Our answer will be available next month, but as we have all seen time and time again, this is a regulator that operates on statements that are false, ill-defined and designed to mislead. They stayed true to their form here too.
Rather than faithfully enforcing the law, the SEC continues to seek to punish and intimidate Ripple and the industry in general. We believe that the court will approach the solution phase fairly.”
However, Ripple CEO Brad Garlinghouse said the following about the development:
“The SEC, led by Gensler, has repeatedly acted outside the law, admonished by judges for “gross abuse of the authority entrusted to it by Congress” (DEBT Box case) and for acting “without faithful adherence to the law” (Ripple case). Let's also not forget Gensler's indifference to the FTX scam.
The SEC plans to ask the judge for $2 billion in a case that contains no allegations (let alone findings) of fraud or recklessness. There is absolutely no precedent for this. “We will continue to disclose what the SEC is when we respond to this.”
Ripple co-founder Chris Larsen said the following about the development:
“The balance of the SEC, managed by Gensler, has been disrupted. The fact that the SEC alone considers itself above the law and drags the USA further behind other G20 countries will not and should not go unnoticed in an election year.”
*This is not investment advice.
#xrp #XRP/USDT🔥🔥:
Ripple Chief Legal Officer Stuart Alderoty announced the development as follows:
“As you will see when the SEC's summary is made public tomorrow, they are asking the judge for $2 billion in fines and sanctions.
Our answer will be available next month, but as we have all seen time and time again, this is a regulator that operates on statements that are false, ill-defined and designed to mislead. They stayed true to their form here too.
Rather than faithfully enforcing the law, the SEC continues to seek to punish and intimidate Ripple and the industry in general. We believe that the court will approach the solution phase fairly.”
However, Ripple CEO Brad Garlinghouse said the following about the development:
“The SEC, led by Gensler, has repeatedly acted outside the law, admonished by judges for “gross abuse of the authority entrusted to it by Congress” (DEBT Box case) and for acting “without faithful adherence to the law” (Ripple case). Let's also not forget Gensler's indifference to the FTX scam.
The SEC plans to ask the judge for $2 billion in a case that contains no allegations (let alone findings) of fraud or recklessness. There is absolutely no precedent for this. “We will continue to disclose what the SEC is when we respond to this.”
Ripple co-founder Chris Larsen said the following about the development:
“The balance of the SEC, managed by Gensler, has been disrupted. The fact that the SEC alone considers itself above the law and drags the USA further behind other G20 countries will not and should not go unnoticed in an election year.”
*This is not investment advice.
#xrp #XRP/USDT🔥🔥:
Bitcoin Price Turns Green
Bitcoin price remained supported above the $64,000 resistance zone. BTC climbed higher above the $66,500 and $66,000 resistance levels. However, the bears were active near the $67,500 and $68,000 levels.
A high was formed near $67,614 and the price is now consolidating gains. It is trading near the 23.6% Fib retracement level of the upward move from the $62,614 swing low to the $67,614 high. Bitcoin is now trading above $65,000 and the 100 hourly Simple moving average.
There is also a key bullish trend line forming with support at $65,900 on the hourly chart of the BTC/USD pair. Immediate resistance is near the $67,500 level. The first major resistance could be $68,000.
Source: BTCUSD on TradingView.com
If there is a clear move above the $68,000 resistance zone, the price could continue to gain strength. In the stated case, the price could even clear the $69,0200 resistance zone in the near term. The next key resistance sits at $70,000.
#btc #GALA #BOME
Bitcoin price remained supported above the $64,000 resistance zone. BTC climbed higher above the $66,500 and $66,000 resistance levels. However, the bears were active near the $67,500 and $68,000 levels.
A high was formed near $67,614 and the price is now consolidating gains. It is trading near the 23.6% Fib retracement level of the upward move from the $62,614 swing low to the $67,614 high. Bitcoin is now trading above $65,000 and the 100 hourly Simple moving average.
There is also a key bullish trend line forming with support at $65,900 on the hourly chart of the BTC/USD pair. Immediate resistance is near the $67,500 level. The first major resistance could be $68,000.
Source: BTCUSD on TradingView.com
If there is a clear move above the $68,000 resistance zone, the price could continue to gain strength. In the stated case, the price could even clear the $69,0200 resistance zone in the near term. The next key resistance sits at $70,000.
#btc #GALA #BOME
Anonymous whales have shifted a staggering half trillion Shiba Inu tokens in the last 24 hours. What is the plan, and are these whales somehow connected to each other? Transactions data will hopefully help us out here.
Taking a look at the details, it seems a few key players are moving SHIB between wallets and exchanges. For instance, 77.18 billion SHIB were transferred to a Coinbase wallet, while another 205 billion made their way to and from different wallets, including a major 53.06 billion SHIB to Robinhood's wallet. Are these transactions connected? It's hard to say, but they sure seem coordinated.
#shib #Shiba #SHIB/USD
Taking a look at the details, it seems a few key players are moving SHIB between wallets and exchanges. For instance, 77.18 billion SHIB were transferred to a Coinbase wallet, while another 205 billion made their way to and from different wallets, including a major 53.06 billion SHIB to Robinhood's wallet. Are these transactions connected? It's hard to say, but they sure seem coordinated.
#shib #Shiba #SHIB/USD
BTC/USD
The rate of Bitcoin (BTC) has risen by 2.33% over the last 24 hours.
On the hourly chart, the price of BTC is also looking bullish as it is trying to break the local resistance level of $64,887. If that happens, the growth may continue to the $66,000 zone.
A less positive picture is on the daily time frame. Today's slight rise has not affected the overall technical situation. The falling volume confirms that neither bulls nor bears are ready for a sharp move.
In this case, sideways trading in the area of $63,000-$67,000 is the more likely scenario for the next days
#btc #BNBChain #BOME
The rate of Bitcoin (BTC) has risen by 2.33% over the last 24 hours.
On the hourly chart, the price of BTC is also looking bullish as it is trying to break the local resistance level of $64,887. If that happens, the growth may continue to the $66,000 zone.
A less positive picture is on the daily time frame. Today's slight rise has not affected the overall technical situation. The falling volume confirms that neither bulls nor bears are ready for a sharp move.
In this case, sideways trading in the area of $63,000-$67,000 is the more likely scenario for the next days
#btc #BNBChain #BOME
XRP/USD
The price of XRP has increased by 4.64% since yesterday.
On the hourly chart, the rate of XRP is rising after a breakout of the local resistance level of $0.6169. If the daily bar closes around the current prices, one can expect a further upward move to $0.64.
On the bigger time frame, one should pay attention to the candle closure in terms of yesterday's bar peak. If it happens above $0.65, buyers may seize the initiative, which can lead to a test of the $0.66-$0.68 zone soon.
#xrp #BNBChain #XRP/USDT🔥🔥:
The price of XRP has increased by 4.64% since yesterday.
On the hourly chart, the rate of XRP is rising after a breakout of the local resistance level of $0.6169. If the daily bar closes around the current prices, one can expect a further upward move to $0.64.
On the bigger time frame, one should pay attention to the candle closure in terms of yesterday's bar peak. If it happens above $0.65, buyers may seize the initiative, which can lead to a test of the $0.66-$0.68 zone soon.
#xrp #BNBChain #XRP/USDT🔥🔥:
●Bome Coming Back .
●Those who buy in listing time is their mistake .
●But Those Who buy at good position they are in good profit .
#bome #HotTrends #BOMEtotheMoon
●Those who buy in listing time is their mistake .
●But Those Who buy at good position they are in good profit .
#bome #HotTrends #BOMEtotheMoon
Elon Musk's X Payments, an integral component of his social network X, has attained significant regulatory milestones by securing licenses for money transmitter activities in three key new U.S. states at once. The approvals, granted by supervisory authorities in Illinois, New Mexico and Oregon on March 20, underscore the strategic direction of Musk's vision to enhance the functionality of his digital platform beyond its initial scope as Twitter.
This latest achievement expands X Payments' operational reach, complementing existing licenses obtained in 19 other states, including Georgia, Arizona and Ohio. The move aligns with Musk's overarching objective of transforming X into a super application capable of facilitating diverse financial transactions seamlessly.
The flurry of licenses for X Payments has reignited speculation about the integration of cryptocurrencies, particularly Dogecoin (DOGE), into the social network. While Musk has ruled out the issuance of company tokens, speculation within the cryptocurrency community persists regarding potential collaborations involving Dogecoin and other digital assets on the platform. The acquisition of new licenses only serves to intensify discussions surrounding the integration of cryptocurrencies into X's ecosystem.
Each licensing milestone achieved by X Payments represents a step forward in realizing Musk's vision for his digital empire. With each regulatory milestone, the social network solidifies its position as a formidable player in the tech and finance arena.
As regulatory approvals pave the way for broader functionality and potential collaborations, enthusiasts across various industries remain attentive to the evolving developments within the billionaire's technological ventures.
#DOGEUSDT! #doge #btc
This latest achievement expands X Payments' operational reach, complementing existing licenses obtained in 19 other states, including Georgia, Arizona and Ohio. The move aligns with Musk's overarching objective of transforming X into a super application capable of facilitating diverse financial transactions seamlessly.
The flurry of licenses for X Payments has reignited speculation about the integration of cryptocurrencies, particularly Dogecoin (DOGE), into the social network. While Musk has ruled out the issuance of company tokens, speculation within the cryptocurrency community persists regarding potential collaborations involving Dogecoin and other digital assets on the platform. The acquisition of new licenses only serves to intensify discussions surrounding the integration of cryptocurrencies into X's ecosystem.
Each licensing milestone achieved by X Payments represents a step forward in realizing Musk's vision for his digital empire. With each regulatory milestone, the social network solidifies its position as a formidable player in the tech and finance arena.
As regulatory approvals pave the way for broader functionality and potential collaborations, enthusiasts across various industries remain attentive to the evolving developments within the billionaire's technological ventures.
#DOGEUSDT! #doge #btc
Congressman Patrick McHenry and Senator Cynthia Lummis recently expressed optimism regarding the passage of critical crypto legislation before the upcoming election in November, according to media reports on March 20.
Speaking at a Coinbase event, McHenry highlighted the positive shift in legislative prospects, particularly in the wake of leadership changes within the House Republicans.
According to the MarketWatch report, he added that the removal of Kevin McCarthy as Speaker and the appointment of Mike Johnson has notably facilitated progress on contentious legislation.
McHenry said that Johnson had demonstrated that he could bring legislation into law and cited his role in arranging a spending deal to prevent a government shutdown as evidence of his strengths.
High hopes....
According to the Congressman, there are increased opportunities to pass crypto legislation, which is unusual for an election year. McHenry further stated that he sees a “couple of opportunities” for legislation to become actual policy before elections end.
#HotTrends #us #BOME
Speaking at a Coinbase event, McHenry highlighted the positive shift in legislative prospects, particularly in the wake of leadership changes within the House Republicans.
According to the MarketWatch report, he added that the removal of Kevin McCarthy as Speaker and the appointment of Mike Johnson has notably facilitated progress on contentious legislation.
McHenry said that Johnson had demonstrated that he could bring legislation into law and cited his role in arranging a spending deal to prevent a government shutdown as evidence of his strengths.
High hopes....
According to the Congressman, there are increased opportunities to pass crypto legislation, which is unusual for an election year. McHenry further stated that he sees a “couple of opportunities” for legislation to become actual policy before elections end.
#HotTrends #us #BOME
Michael Saylor’s MicroStrategy now has more BTC than the United States and China.
#HotTrends #MicroStrategу #BOME
#HotTrends #MicroStrategу #BOME
●●Long Signal
●●DOT
●●Buy On Market
●●leverage 20X
●●TP
9.3
9.4
9.5
9.6
●● SL
8.9
#dot #HotTrends #signalsfree
Not financial advice also do your own analysis
●●DOT
●●Buy On Market
●●leverage 20X
●●TP
9.3
9.4
9.5
9.6
●● SL
8.9
#dot #HotTrends #signalsfree
Not financial advice also do your own analysis
● BOME
🥲🥲🥲🥲
●Alot of people lose their money in this project.
●Don't invest in new projects .
●First check out project result than decide .
●Don't go always about news .
#bome #signalsfree #future_trading_signal
🥲🥲🥲🥲
●Alot of people lose their money in this project.
●Don't invest in new projects .
●First check out project result than decide .
●Don't go always about news .
#bome #signalsfree #future_trading_signal
●I know today many people will lose money.🤕🤕
●But Only billionaire are in profit because they know the exact time to take entry but most of people enter when bitcoin Hit All time High and they lose all their money 🥲
#HotTrends #BOME #billionaire
●But Only billionaire are in profit because they know the exact time to take entry but most of people enter when bitcoin Hit All time High and they lose all their money 🥲
#HotTrends #BOME #billionaire