French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According to a spokesperson for France’s Financial Prosecutor’s Office (PNF), the preliminary investigation into four French banks and one international [...]

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Ripple CEO: ‘Confusing’ US Crypto Rules Benefiting Europe

The United States’ confusing crypto regulations have forced firms like Ripple to consider investing outside the country, and Europe has been a “significant beneficiary” of this confusion, Brad Garlinghouse has said. The Ripple CEO suggested that the United States needs to emulate countries like the United Kingdom and Singapore which have clarified how they want

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The CEO Of Ripple Says Bitcoin Tribalism Is Holding Back The Crypto Industry

As one of the most influential people in the crypto space, the CEO of Ripple says he owns Bitcoin and other cryptocurrencies. But to him, only promoting Bitcoin will stop industry growth. As a result, the crypto industry could potentially lose millions for miners with less incentive than before if nothing changes soon. At the CNBC event, Brad Garlinghouse, CEO and founder of Ripple, recently said that the tribalism around Bitcoin and other digital currencies has been holding back the industry’s growth. Related Reading | Could Netflix Tumble Down The Crypto Market? “It is not good when people in the cryptocurrency space are divided into tribes,” said Garlinghouse at a CNBC-hosted fireside chat last week at the Paris Blockchain Week Summit, in an interview that was published today on CNBC. When asked about his thoughts on XRP, Garlinghouse shared that he is indeed invested in other notable digital currencies such as Bitcoin and Ethereum — despite being charged by the SEC for playing an integral role in the $1.3 billion sales of unregistered securities offerings. Garlinghouse said, “I own bitcoin, I own Ether, I own some others. I am an absolute believer that this industry is going to continue to thrive.”  “All boats can rise,” says Garlinghouse. “Adopting other digital currencies, we see this as an opportunity for growth and adoption outside of XRP.” Ripple CEO On Industry Growth When asked about investors who have devoted their funds exclusively to bitcoin, Garlinghouse did not mention any names. Still, people in the cryptocurrency industry focus on just one coin. He said; Tribalism around bitcoin and other cryptocurrencies is holding back the entire $2 trillion market. One most prominent example of Bitcoin tribalism is Jack Dorsey, the former Twitter CEO and founder of Square Inc. He has publicly declared support for Bitcoin on several occasions. In addition, he recently sponsored research to foster its development as an asset class to make it more accessible in society. Earlier this year, Dorsey said that he is a Bitcoin maximalist. As a result, he doesn’t plan on adopting any other cryptocurrency soon, including Ethereum. Another example of a Bitcoin tribalist is Michael Saylor, the CEO of MicroStrategy. He has converted a vast percentage of company reserve cash into Bitcoin. Related Reading | Bitcoin Bounces Back Past $40,000, But May Struggle To Maintain Position The company is a major player in the crypto market, with its holdings totaling over 129,000 Bitcoins. Garlinhouse said the problem with this maximalism is that it has frustrated efforts to lobby U.S. lawmakers. Most representatives would mainly agitate for the cryptocurrency they own rather than taking an interest in what’s best for everyone else. Garlinghouse added; The lack of coordination in Washington, D.C., amongst the crypto industry, I find it to be shocking.    Featured image from Pixabay, chart from Tradingview.com

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Mexican Technology Companies Will Connect SMEs With The US And LatAm

Cryptocurrency platform Bitso and fintech companies Tribal and Stellar Development announced this continental alliance.

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Why Bitcoin is the Most Islamic Money

A look at how Bitcoin complies with Islamic law regarding finance and money.

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Helium (HNT) Falters 15% As Crypto Market Tries To Bounce Back

While Helium Mobile has enjoyed phenomenal success, the network has failed to keep pace, with the general market pulling it down further and with losses being multiplied as the market drops low. According to the latest market data, HNT, the native token of the network, dropped about 15% over the last two weeks which may endanger winnings pocketed in the last month. Related Reading: $6 Million ETH Sale: Ethereum Foundation Joins Whale Liquidation Frenzy However, investors and traders are banking on recent developments that might turn the tide once the market recovers from its pitfall. With these recent developments, gains might be around the horizon although investor sentiment remains shaky at best and bearish at worst.  Helium-Ameriband Partners To Expand Helium Network  Helium recently announced that it has partnered with Ameriband, a market leader in Wi-Fi infrastructure in the United States. According to Heliums recent blog post, the partnership will bring 100,000+ data-only hotspots around the US, expanding the networks coverage over the country overnight.  Exciting News for Helium Mobile Users! Ameriband today announced its partnership with @helium_mobile to add 100,000+ Data-Only Hotspots to the Helium Network in the next few months across the US. These Hotspots will help deliver faster, and more reliable coverage to users Helium (@helium) October 9, 2024 Ameribands vast network is deployed in well-known retail businesses, grocery chains, venues, and commercial locations across the country and will help drive usage to the Helium Network. Thanks to this partnership, anyone with a Helium Mobile phone plan will experience connectivity in even more locations than before, stated Helium in the blog post.  This came as a massive win for Helium as the network expansion nearly guarantees connectivity for US users. This means that Helium users who previously experienced connectivity issues will have fewer or zero problems regarding connectivity in the coming weeks and months. It also ensures that the average retail user will have exposure to the Helium network, possibly adding on the growing number of users of the platforms mobile arm.  The carrier offload program caters to 130,274 subscribers from three different network providers with over 122 TB of data routed to the Helium network, figures that will continue to grow as the Ameriband partnership takes effect.  Rising Correlation With The Market Leaves Gains Behind For HNT HNT bulls are in the middle of an attempt to retest the current $6.79 resistance level. As of writing, HNT is still on the down-low with the token possibly taking another dive toward $6.23 in the coming days or weeks.  The relative strength index (RSI), however, is hinting at a possible bullish reversal within this week or the coming week.  Related Reading: Cardano Surges In StrengthNow 10x More Powerful, Analyst Says However, the rising market correlation with the broader market might endanger the tokens bullish momentum that is currently building up. With this in mind, HNT might continue to stabilize between the $6.23-$6.79 trading range in the coming days but may drive down toward $6.23 or $5.67 if the bears remain superior in the coming months.  Featured image from Pexels, chart from TradingView

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