Ripple Director Reveals Singapore Handles Over 50% of Ripples Digital Asset Payment Flows

The post Ripple Director Reveals Singapore Handles Over 50% of Ripples Digital Asset Payment Flows appeared first on Coinpedia Fintech News

Fiona Murray, Managing Director for Asia Pacific at Ripple, has revealed that Singapore handles more than 50% of Ripples digital asset payment flows. Murray emphasized the growing significance of Singapore as a hub for Ripples cross-border payment services. Murray noted that Singapores stable and transparent regulatory environment and willingness to engage with Web3 companies have …

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Michael Saylor Highlights MSTRs 1,325% Gain in Viral X Post

The post Michael Saylor Highlights MSTRs 1,325% Gain in Viral X Post appeared first on Coinpedia Fintech News

Michael Saylor in a latest X post captioned HODL ON shared an infographic, showing the price performance of various assets such as BTC, MSTR stock, and the S&P 500 since Microstrategy adopted the Bitcoin strategy on Aug. 20. The best-performing asset over four-year period was Microstrategy stock, which has risen 1,325%. Bitcoin stood second at …

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EigenLayer (EIGEN) Set to Launch on Major Exchanges Binance & BitMart

The post EigenLayer (EIGEN) Set to Launch on Major Exchanges Binance & BitMart appeared first on Coinpedia Fintech News

EigenLayer (EIGEN), an innovative token built on the Ethereum blockchain, is about to make waves as it gets listed on prominent exchanges Binance and BitMart. This listing is anticipated to enhance EIGEN’s visibility and broaden its accessibility to a wider audience. Starting October 1, Binance will facilitate trading for EIGEN with several pairs, including EIGEN/BTC …

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Christopher Wilson Delivers Keynote at GIR Live Asia-Pacific Investigations Summit 2024

Christopher Wilson addresses critical issues in financial investigations at the GIR Live: Asia-Pacific Investigations Summit 2024. (Read More)

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Putin Acknowledges Russia Examining Digital Currencies For Independent Payments

The post Putin Acknowledges Russia Examining Digital Currencies For Independent Payments appeared first on Coinpedia Fintech News

Vladimir Putin has recently acknowledged that the Russian Federation is currently examining using national digital currencies as key elements of a new alternative payment platform. Putin added that such a system would work smoothly and independently of third countries, a characteristic Russia would seek in such a platform. Putin stressed that this objective was generalized, …

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Cryptocurrency Purchases in Brazil Reach $12.37 Billion YTD!

The post Cryptocurrency Purchases in Brazil Reach $12.37 Billion YTD! appeared first on Coinpedia Fintech News

According to data from the Central Bank of Brazil, cryptocurrency purchases made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached $12.37 billion year-to-date, exceeding the total crypto purchases of 2023, which indicates that exchanges and trading platforms are preparing to accommodate a large demand for digital …

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Ripple Mints Massive 350,000 RLUSD Stablecoins Within 24 Hours!

The post Ripple Mints Massive 350,000 RLUSD Stablecoins Within 24 Hours! appeared first on Coinpedia Fintech News

In a disruptive move, Ripple has minted 350,000 RLUSD stablecoins within 24 hours. The mint was done in two transactions of 300,000 RLUSD and 50,000 RLUSD as reported by Ripple Stablecoin Tracker in an X post. Ripple’s RLUSD stablecoin is currently in private beta on XRP Ledger and the Ethereum mainnet. The latest minting spree …

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US Releases Updates Estimates For GDP In Q2, GDP Continues To Grow

The post US Releases Updates Estimates For GDP In Q2, GDP Continues To Grow appeared first on Coinpedia Fintech News

Today, the BEA released updated estimates for GDP in the second quarter as well as their annual revision. The report showed that GDP continued to grow at a strong pace in Q2, rising 3.0%, driven by strong consumer spending and business investment. The final annualized quarterly rate of the core PCE price index in the …

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Gary Gensler Claims Crypto Regulations Exist, Affirms BTC Is NOT A Security

The post Gary Gensler Claims Crypto Regulations Exist, Affirms BTC Is NOT A Security appeared first on Coinpedia Fintech News

SEC Chair Gary Gensler during an interview on CNBC mentioned that crypto regulations exist in the United States. He noted that many firms profited from the publics interest in crypto without proper disclosures. He claimed that stakeholders in the crypto industry do not like these regulations, which is why they claim they do not exist. …

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Binance Extends Support To P2E Hamster Kombat, Trading Goes LIVE

The post Binance Extends Support To P2E Hamster Kombat, Trading Goes LIVE appeared first on Coinpedia Fintech News

Binance has extended trading support for Telegram-based P2E Hamster Kombat today, sparking excitement across the broader crypto market. As per the announcement, HMSTR will be added to the Simple Earn, Buy Crypto, Convert, Margin, and Auto-Invest domains of the top crypto trading platform. Users can buy the token via VISA, MasterCard, Google Pay, Apple Pay …

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OnyxDAO Hit by $3M Hack: Exploit Targets Decentralized Protocol

The post OnyxDAO Hit by $3M Hack: Exploit Targets Decentralized Protocol appeared first on Coinpedia Fintech News

OnyxDAO has been hacked, losing approximately $3.2 million, according to blockchain security firm PeckShield. The firm traced the exploit to a precision flaw in the CompoundV2 code base, which allowed hackers to manipulate the exchange rate and siphon off funds. The stolen assets include VUSD 4.1 million, XCN 7.35 million, 5,000 DAI, 230 WBTC, and …

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Ledger hardware wallet expands crypto buying options with Upholds Topper

Toppers on-ramp entrance to Ledger Live comes at a time when Ledger supports only one off-ramp solution.

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Visa To Launch Its Tokenised Asset Platform For Banks in 2025

The post Visa To Launch Its Tokenised Asset Platform For Banks in 2025 appeared first on Coinpedia Fintech News

Visa plans to launch its Tokenized Asset Platform (VTAP) for banks in 2025. This platform will let banks issue fiat-backed tokens for use on the Ethereum blockchain, aiming to enhance transaction speed and security. Visas platform seeks to streamline banking transactions and boost security by using Ethereums smart contracts. One of the first financial institutions …

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US Congressman Tom Emmer Sharly Criticises Gary Gensler, Calls Him Lawless Chairman of The SEC

The post US Congressman Tom Emmer Sharly Criticises Gary Gensler, Calls Him Lawless Chairman of The SEC appeared first on Coinpedia Fintech News

The SEC Commissioner Hester Peirce on Tuesday admitted that the agency moved forward with regulatory actions against crypto entities despite being aware of potential legal issues. Rep. Tom Emmer sharply questioned the SEC Chair during the hearing. Emmer also accused the SEC of causing confusion in the market and lacking accountability. He noted that the …

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SEC Commissioner Criticizes SEC For Not Admitting That Crypto Tokens Are Not Securities

The post SEC Commissioner Criticizes SEC For Not Admitting That Crypto Tokens Are Not Securities appeared first on Coinpedia Fintech News

In a latest development, SEC Commissioner Hester Peirce, known as Crypto Mom in the community, criticized the SEC for not confessing sooner that crypto tokens are not securities by default. While speaking at the Practising Law Institutes SEC Speaks conference in Washington, D.C., she stressed the negative effects SECs regulatory ambiguity is having on the …

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Ether Outperforms BTC After Fed Rate Cut, Suggests Bullish Sentiment

The post Ether Outperforms BTC After Fed Rate Cut, Suggests Bullish Sentiment appeared first on Coinpedia Fintech News

Ethereum has outperformed bitcoin since the U.S. Federal Reserve cut its Federal Funds rate by 50 basis points last Wednesday. Since the Fed initiated its first rate reduction in four years, ether increased by over 16%, while bitcoin increased by approximately 6% during the same period. Also, The Ethereum perpetual futures funding rate has flipped …

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Arthur Hayes Sells 1.59M PENDLE For $5.62M, Price Surges By 24% After Sell-Off

The post Arthur Hayes Sells 1.59M PENDLE For $5.62M, Price Surges By 24% After Sell-Off appeared first on Coinpedia Fintech News

As per the latest tweet on lookonchain, Arthur Hayes sold 1.59M PENDLE for $5.62M at an average price of $3.52 over the past 2 days. Notably, after his sell-off, the price of PENDLE surged by 24%, making the 1.59M PENDLE worth 6.91M now. His sell-off resulted in a loss of $1.29M. Previously, Arthur Hayes sold …

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Shiba Inu Witnesses Surge In Whale Activity Amidst Major SHIB Price Breakout

The post Shiba Inu Witnesses Surge In Whale Activity Amidst Major SHIB Price Breakout appeared first on Coinpedia Fintech News

Shiba Inu has seen increased whale activity as data showed 1.3 trillion SHIB transferred in large transactions of no less than $100,000 in the past day. This figure is 115% higher than the day before. In dollar terms, the increase was characterized by a $10.15 million increase in the volume of large transactions. Notably, Over …

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SEC Says Trumps Defi Must Navigate Unclear Regulations With Strong Legal Support

The post SEC Says Trumps Defi Must Navigate Unclear Regulations With Strong Legal Support appeared first on Coinpedia Fintech News

SEC Commissioner Mark Uyeda confirmed that Donald Trumps DeFi project, World Liberty Financial, will face the same regulatory framework that other crypto-related firms. He says that Trump’s DeFi must navigate unclear regulations with strong legal support. Uyeda acknowledged that the SECs actions against crypto have created the impression that the agency is politicized. However, he …

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Solana Seeker: The Next Solana Phone Set to Launch in Mid-2025 With Various Enhancements

The post Solana Seeker: The Next Solana Phone Set to Launch in Mid-2025 With Various Enhancements appeared first on Coinpedia Fintech News

The next Solana phone is all set to launch in mid-2025 as the Solana Seeker after already attracting 140,000 pre-orders. Solana Mobile revealed the official branding and a first look at the next Android handset onstage on Friday. The Solana Seeker will have a brighter flagship display and a longer-lasting battery than the Saga, plus …

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