Former Bitcoin-friendly U.S. regulator believes XRP is a currency; could American Express end up using it?BTC $9395 (-0.2%) • ETH $231 (-0.2%) • XRP $0.19 (-0.8%)
Chris Giancarlo, the ex-chairman of the Commodity Futures Trading Commission and now independent law practitioner, released an extensive legal study on Wednesday concluding XRP is not a security asset and can’t be treated as such. The self-styled “Crypto Dad” was instrumental in spearheading studies at U.S. bourses and regulators that eventually led to Bitcoin and Ether being classified as commodities, similar to rice or sugar futures. More news ⏬Debunking Roadblocks on the Protocol HighwaySince cryptocurrencies burst onto the scene, we’ve seen both an advancement of innovation in the technical fields, as well as much resistance from the regulatory bodies. Thanks to our premium sponsors⭐️ Phemex - Phemex is a Singapore-based and fastest cryptocurrency and derivatives exchange. It supports six trading pairs with up to x100 leverage. ⭐️ Bitamp - Bitamp is an open-source, client-side, free Bitcoin wallet that allows you to send and receive Bitcoin securely on the blockchain. ⭐️ Switchere- Switchere is a safe, licensed & non-custodial crypto exchange where you can sell & buy crypto with credit card instantly. ⭐️ Cred - Cred is a global financial services platform serving customers in 183 countries. ⭐️ OKCoin - OKCoin is one of the world’s first and largest regulated crypto exchanges, with millions of users in more than 100 countries around the world. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. Kraken CEO: Bitcoin will eventually surpass gold’s $10 trillion market capBitcoin may still be trading more than 50 percent below its $20,000 all-time high but that hasn’t stopped investors and executives in the space from looking ahead, guessing what comes next for the asset. Cardano (ADA) Shelley Haskell testnet finally gets its own Daedalus WalletCardano (ADA) parent—IOHK has announced that it has released a version of Daedalus for the Shelley testnet. Here’s why Bitcoin mining could reduce to two players while China’s BTC dominance diesA new report by Bitcoin trading giant BitMEX focussed on the BTC mining industry, exploring if three mining giants could IPO on United States markets and if China’s Bitcoin mining could grow. Ripple (XRP) lands on CNBC’s annual top 50 tech disruptors list, here are some reasons whyWhile financial markets face turmoil this year, it’s finally looking like a moment for cryptocurrencies — if recognition and partnerships are anything to go by. Research: A majority of XRP investors are “deeply in the red” after 90% crashIt would be a stretch to say that XRP has performed well over the past few years. Bitcoin vindicated by comments from ex-Obama advisor regarding necessity of money printingPrior to the events seen in 2020, many Bitcoin advocates took aim at the hyperinflation seen in countries like Venezuela as a reason why the existence of a decentralized, fully scarce currency is imperative. Ripple (XRP) Head: Deep liquidity is what will bring institutional investment into cryptoBreanne Madigan, the head of global institutional markets at Ripple (XRP) , believes that institutional money is yet to come to the blockchain industry. Ex-Goldman Sachs VP explains why Bitcoin price may soon see a “significant move higher”The past few weeks have seen Bitcoin consolidate in a tight range between $8,000 and $10,000. Featured eventThe worlds no.1 3D Virtual Blockchain Conference is back. After a successful launch event in April, BlockDown 2.0 brings a host of top speakers like Akon, David Schwartz from Ripple, Jed McCaleb from Stellar & more for its summer edition. With top tier content and a 3D world that is a ton of fun to navigate, BlockDown continues to innovate by providing live translation into the hottest crypto markets - Turkish, Spanish and Chinese for a truly global audience. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article. If you liked this post from CryptoSlate, why not share it? |