The action is being taken as Japan strives to embrace more web3-friendly policies and adopts a more open attitude toward cryptocurrencies. The exchange’s increased interest in the land of the rising sun is also attributed to the “substantial potential for user growth.”
As its price rose by more than 31% in the previous day to $0.55, Ripple (XRP) is once again receiving attention.
Comments made by Ripple Labs CEO Brad Garlinghouse about the US Securities and Exchange Commission sparked the price movement, which increased XRP’s market cap to almost $25 billion and placed it sixth among cryptocurrencies by market capitalization (SEC).
JP Morgan CEO Jamie Dimon referred to himself as a major skeptic of crypto tokens and described them as “decentralized Ponzi schemes” while testifying on Wednesday during a hearing on megabanks held by the House Financial Services Committee.
The House Financial Services Committee (FSC) is drafting stablecoin regulation legislation that would outlaw algorithmic stablecoins like TerraUSD for two years.
A rally in Bitcoin is slowing down as investors wait for US inflation data and keep an eye on a significant Ethereum blockchain upgrade, both of which have the potential to increase market volatility.
As the U.S. dollar fell broadly and markets found reasons to be happy at the end of a gloomy week, bitcoin surged past the $20,000 barrier and was eyeing its best day in six weeks on Friday.
The second-largest crypto token in the world, ether, is built on the Ethereum blockchain, which will soon undergo a significant software upgrade that will reduce the energy required for transaction processing and coin creation.
What you need to know about the “Merge,” as the shift is called, is provided below.
On Thursday morning in Asia, Bitcoin surpassed US$19,000 after a sharp sell-off on Wednesday. It also recovered along with other tokens in the top 10 by market capitalization. The largest cryptocurrency exchange in the world, Binance, announced that it would offer Ether staking, which helped the value of its own BNB token.
Cryptocurrencies ended a nearly week-long run above resistance levels as the dollar strengthened, sending global equity and currency markets lower.
The price of ETH is rising as the Bellatrix upgrade for the Ethereum network approaches.
