What The Fed Chairman Said About XRP And Its Implications For Holders
Tom, the founder of OpenFind, has drawn attention to a research paper co-authored by the Fed Chair Kevin Warsh, in which they highlighted XRP. Specifically, the paper discussed cross-border payments and how crypto assets such as XRP could serve as a bridge currency. Fed Chairman’s Research Paper Highlights XRP’s Utility In an X post, Tom […]
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Federal Reserve Chairman Jerome Powell says the central bank is “not really seeing significant macroeconomic implications” from crypto’s volatility. The Fed chair stressed that there is a need for a better crypto regulatory framework. Fed Chair Powell Says Crypto Needs Better Regulation Federal Reserve Chairman Jerome Powell testified before the Senate Committee on Banking, Housing, and Urban Affairs on “the semiannual monetary policy report to congress” Wednesday. Senator Kyrsten Sinema (D-AZ) asked him whether the Fed has been tracking crypto....
The XRP market has seen a notable shift in large holders’ activity. Analyst Amr Taha, in a recent CryptoQuant post, highlights the implications of this changing dynamic and how it might affect the altcoin’s price. Related Reading: The CLARITY Act Is Not The Only Win For XRP, Here Are Other Wins For Ripple Large Holders […]
A market expert has outlined a major security incident that occurred last weekend, explaining its implications for XRP holders earning yield. On Saturday, April 18, an attacker exploited the LayerZero-powered bridge of Kelp DAO, draining a staggering $292 million in tokens from the liquid staking protocol. So far, the incident marks the largest DeFi hack […]
Cardano (ADA) had since lost its momentum and has been back on another downtrend once more. This time around, the downtrend quickly sent the cryptocurrency back towards the $1 territory. This has had some dire implications for Cardano investors. The majority of these investors have now seen their portfolios descent into the red territory causing them to be taking massive losses at the current prices. Cardano Holders In The Red Much like the majority of the market, Cardano has seen its value decline in recent days. This has been a result of the slowing market momentum which has been....
The chairman of the Australian Securities & Investments Commission (ASIC) has encouraged regulators around the world to embrace blockchain innovation, the technology that underpins bitcoin. ASIC chairman Greg Medcraft has spoken about the potential and promise that blockchain technology holds, urging regulators around the world to “start thinking about” blockchain innovation, during a recent industry meeting at Madrid. Besides his role as the ASIC chairman, Medcraft is also the chairman of the International Organization of Securities Commissions (IOSCO). Suffice to say, the endorsement....