– XRP Gains Almost 60% In A Month Following Little Victories In The SEC Lawsuit
XRP looks to be defying the odds by registering big gains amidst the continued volatility in the cryptocurrency market, even though the parent firm of the token, Ripple, is still locked in a legal battle with the Securities Exchange Commission (SEC). According to data from CoinMarketCap, the token has increased in value by 57.75% in the past month, trading at $0.33 on September 8 and reaching around the $0.52 mark.Read Full on Finbold.
– Central Bank Of India To Begin Testing Digital Rupees
According to a 50-page paper published on Friday, the Reserve Bank of India (RBI) is moving toward starting a digital rupee pilot and outlining important elements of the central bank digital currency (CBDC). The Indian central bank has announced that a prototype Digital Rupee program would soon be introduced, and that it will periodically share information on its features and advantages. However, certain significant aspects have only recently come to light.Read Full ontheblock.
– For The First Time In Three Months, XRP Records The Highest Network Growth
The XRP Ledger blockchain recently experienced its biggest day of network growth since July, according to statistics from the cryptocurrency analytics platform Santiment, as a result of a rise in the price of its native token Ripple (XRP). According to the data, 2,273 new wallet addresses were established today on the Layer 1 blockchain network. A 5% increase in the price of XRP back over $0.52 coincided with this increase in network users. Read Full on U.Today.
– Bitcoin Outperformed The S&P 500 And The Nasdaq In September
According to the most recent Cryptocompare analysis, while seeing a 3.11% value decline in September, bitcoin still outperformed the S&P 500 and Nasdaq. While the eagerly anticipated Merge turned out to be a “buy the rumor, sell the news” event, Ethereum was declared the lowest performer. Increased trading volumes in tether and U.S. dollars for bitcoin are said to indicate that panicked investors were selling their falling currencies in favor of the virtual currency. Read Full onBitcoin News.
– Pro-Russian Militias In Ukraine Received $4 Million In Crypto
According to a Wired article citing experts and blockchain investigators, cryptocurrency worth at least $4 million has already been transferred to organizations supporting Russia’s military in Ukraine. According to the research, millions of funds still go to paramilitary organizations that are frequently authorized by the government. Separate data from cryptocurrency tracing companies Chainalysis, Elliptic, and TRM Labs was analyzed, as well as research from the Binance exchange.Read Full on coindesk.
– Cardano Gets A Spot Among Top Three Actively Developed Assets Following Vasil Update
One of the top three projects that are now being actively developed is Cardano. This comes after the deployment of capabilities and the successful Vasil launch in the final week of September. As teams continue to add resources to the Cardano node tests GitHub repository, IOG continues development now that the Vasil update is live on the mainnet, according to IOG’s weekly report.Read Full on U.Today.
– Raoul Pal, A Macroexpert, Has A Bullish Outlook For XRP
Raoul Pal, a macro expert and former Goldman Sachs executive, is bullish on Ripple’s XRP, the sixth-largest cryptocurrency asset by market capitalization, and he thinks Ripple will win its legal battle against the Security Exchange Commission (SEC). He affirms that XRP functions as a payment transmission, which is what it’s meant to be doing. He went on to say that he owns some UNI and Protocol Aave (AAVE). Read Full on The Daily Hodl.
– The Spanish Soccer League And Dapper Labs Launches NFT Platform
The top Spanish soccer league, Laliga, is foraying into the realm of digital collectibles. Laliga Golazos, the company’s own NFT platform, has made its debut. The program, which was introduced in collaboration with NBA Top Shots creator Dapper Labs, promises to introduce soccer fans to some of the most memorable moments in Spanish history. Laliga Golazos seeks to provide films of the league’s most memorable plays and contests, dating back to 2005.Read Full on Bitcoin News.