Ripple Chief Legal Officer Stuart Alderoty is calling for greater coordination across the crypto industry after the CLARITY Act failed to advance in the Senate. He said the setback exposed divisions in messaging and political support surrounding digital asset legislation. Alderoty Calls for One Crypto Voice After Senate Setback The crypto industry’s response to Washington …
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XRP demand could increase as payments, stablecoins, decentralized finance, and tokenized assets bring more activity to the XRP Ledger, according to 21shares. The asset manager says activity could support XRP demand through fees, reserves, and bridge transactions. 21shares Ties XRP Demand to Fees, Reserves, and Bridge Use XRP demand could eventually rise as tokenized assets …
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Evernorth has agreed to issue a $30 million convertible note to fund XRP purchases and broader ecosystem activity. The financing remains contingent on its proposed merger with Armada Acquisition Corp. II closing during the fourth quarter. Evernorth Ties Note Proceeds to XRP Purchases Evernorth could add $30 million to its XRP-focused capital base under a …
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Bitcoin’s price climbed as high as $81,377 on Friday, Sept. 18, putting the leading crypto asset within striking distance of $84,000. Prediction traders think that short hop is increasingly likely, but the optimism starts falling apart as the targets climb. Myriad Markets gives bitcoin an 84% shot at hitting $84,000 before falling to $55,000, while …
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The Bank of England has committed to remove £368 billion of gilts held for monetary-policy purposes by September 2034, even as the first market response pointed toward easier conditions in long-dated UK debt. The figure covers the portfolio left after the Bank separated £120 billion of longer-dated gilts to back banknotes. The Monetary Policy Committee …
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The Bank of Japan announced a policy-rate increase to about 1.25% on Sept. 18, yet the visible Bitcoin and currency response showed limited signs of a disorderly yen-carry unwind. The BOJ voted 7-2 to lift its target for the uncollateralized overnight call rate by 25 basis points, from about 1% to about 1.25%. The new …
Dtcpay, a Singapore payments company, has completed a $25 million Series A with SBI Group joining as a strategic investor, giving its stablecoin payments business fresh backing for product and merchant expansion. The company announced the close on Sept. 18, naming SBI Ventures Asset Pte Ltd and the SBI-NTU-Kyobo Digital Innovation Fund as the Japanese …
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The UK Financial Conduct Authority says overseas crypto providers can fall inside the country’s incoming authorization regime when they serve British consumers, even when the business is established abroad. A “UK consumer” for this purpose means an individual in the UK acting outside a trade, business or profession. The definition is a statutory territorial concept …
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Michael Blaugrund, Vice President of Strategic Initiatives at ICE, the parent company of NYSE, stated that the company was considering Avalanche to host the trading and on-chain settlement platform currently under development to enable 24/7 trading of tokenized securities. NYSE Might Implement Tokenized Trading Solutions On Top of Avalanche The New York Stock Exchange (NYSE) …
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The exchange network will give Argentine tax authorities new tools to curb tax evasion linked to cryptoassets in transactions involving virtual asset service providers registered abroad. Over 77 jurisdictions have agreed to implement this framework by 2029. Argentina to Implement Crypto Asset Reporting Framework by 2029 Argentina is joining a global network of nations that …
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Grayscale’s Zcash ETF is preparing a 3-for-1 forward share split less than two months after becoming the world’s first Zcash exchange-traded product. The move will lower the ETF’s per-share price without changing investor value, potentially making ZEC exposure more accessible through traditional brokerage accounts. Grayscale Zcash ETF Split Could Broaden Access for Investors Grayscale is …
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The joint operation resulted in the arrest of seven individuals: the leader of the Sweden-based laundering ring in the UAE and six others in the gang in Sweden. The organization had laundered over $7 million using crypto, with links to other activities, including contract killings. UAE and Sweden Dismantle Crypto Contract Killing Laundering Ring International …
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A routine Radix code refactor created a vault flaw that enabled a roughly $1.3 million theft and later forced validators to halt the blockchain. The Radix Foundation said Sept. 17 that an RDX Works development team introduced the defect during a June 2023 cleanup of the Radix Engine, the software layer that executes transactions and …
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The US sanctioned Iranian crypto exchange BitBank, widening its campaign against digital-asset infrastructure allegedly used to finance the Islamic Revolutionary Guard Corps (IRGC). On Sept. 17, the Treasury Department’s Office of Foreign Assets Control (OFAC) said that the sanctioned Iranian financier Babak Zanjani used BitBank between June and July to facilitate hundreds of millions of …
Bitcoin’s rebound above $80,000 on Sept. 18 extended a technology-led relief rally. The move coincided with yen weakness and followed a return to Bitcoin ETF inflows the previous day. The advance was already underway in European trading, hours before weak US economic figures offered a possible argument against further monetary tightening. At press time, Bitcoin …
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