Ripple executives applaud UK crypto regulations, claim US lags behind
Ripple executives applaud UK crypto regulations, claim US lags behindThe United Kingdom recently approved a bill that made crypto trading a regulated financial activity within the country.
Happy Tuesday!The global crypto market cap is $1.21 trillion, with a 24-hour volume of $33.1 billion. The price of Bitcoin is $30,956.54, and BTC market dominance is 49.6%. The price of Ethereum is $1,955.09, and ETH market dominance is 19.4%. The best-performing sector is Cannabis, which gained 39%. The Crypto Fear & Greed Index is currently Greed (64). Top News
Ripple executives applaud UK crypto regulations, claim US lags behindThe United Kingdom recently approved a bill that made crypto trading a regulated financial activity within the country. After years of relative obscurity, Litecoin is finally having a moment in the sunA fork of the original Bitcoin network, Litecoin never gained the same reputation as a hot investment as its predecessor. But, having survived several bear cycles, crypto's "digital silver" is drawing investor attention. Binance spot trading plunges 70% following regulatory pressures and reintroduction of Bitcoin feesSpot trading activities on exchanges have dropped to their lowest level since 2020. Latest Insights
More NewsKraken says it fought IRS to protect clients against identity theft, other potential harmsThe exchange has been compelled to provide identifying information on certain clients but the court conceded that they tax agency overreached in some requests. Coinbase officer argues U.S. student loan ruling sets precedent for SEC on crypto regulationPaul Grewal believes Congress could close the regulatory vacuum by passing legislations for the crypto industry. Court decision on Grayscale v. SEC lawsuit could prove crucial for spot Bitcoin ETF applicantsGrayscale expects that the ruling on its lawsuit challenging the SEC's rejection of spot Bitcoin ETF application to come in by fall this year. Mastercard chief digital officer believes tokenization needs TradFi rules to go mainstreamJorn Lambert says blockchain technology presents significant benefits and can easily improve cross-border payments, trade, finance, insurance, and capital markets, but insisted that legacy systems will still have a role to play. Winklevoss gives DCG 2 days to accept Gemini’s ‘best and final offer’Winklevoss' final offer, which he calls "fair and reasonable for everyone," demands payment of $1.465 billion from DCG over 5 years.
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