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On October 10, Ripple announced the launch of new Features for Ripple Custody, its digital asset storage service geared toward banks and fintech companies.  Aaron Sletterhaugh, Senior Vice President at Ripple, stated that Features such as anti-money laundering (AML) monitoring, pre-configured policy and operational settings, as well as integration with the XRP ledger and a user-friendly interface, will appeal to institutional clients as well as crypto natives looking to keep digital assets. We’re launching new Features for Ripple Custody, bringing bank-grade custody solutions to fintech and crypto businesses. Simplified onboarding ️#XRPL tokenization & DEX support ️ Pre-configured policy frameworks ️ R/T compliance monitoring ️ New UIhttps://t.co/gejagnouTS — Ripple (@Ripple) October 10, 2024 Ripple’s new custody division has been endeavoring to establish the company in the space for some time now — this latest development follows Ripple’s acquisition ...

Amid the rise in prominence for Bitcoin, Cantor Fitzgerald CEO Howard Lutnick recently stated his belief that most major banks will hold BTC by 2029. Indeed, he noted that traditional finance firms will adopt the leading crypto amid a slue of regulatory changes within the next five years. In a post to X (formerly Twitter), get discussed the last five years of Bitcoin’s development. He noted the massive shift that has taken place. Discussing the recent Spot BTC ETF approval in January, he spoke on how things will change all the more in the coming years. Image Source: Watcher Guru Also Read: Switzerland’s Zurich Cantonal Bank Launches Bitcoin & Ethereum Trading Cantor Fitzgerald CEO Expects Big Things for Bitcoin in the Next 5 Years 2024 has been a massive year for Bitcoin. The leading crypto has catapulted into the mainstream since the start of the year. With a Bitcoin ETF going live in January, the asset reached an all-time high of $73,000 just three months later. Although it has ...

The RBA has wrapped up its CBDC pilot program and outlined four key areas that could be improved by the introduction of central bank-issued digital currency. Australia's central bank has completed it's pilot of a central bank digital currency (CBDC) exploring use cases for a potential e-AUD, finding its useful in four main areas including enabling complex payment s and asset tokenization . The Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) unveiled their findings in an Aug. 23 report that also detailed a number of cases where a CBDC wasn't exclusively required to achieve the stated use case. We’ve released a report with the Digital Finance CRC @DigiFinanceCRC today on the findings from an Australian central bank digital currency pilot.https://t.co/k3Zn0VFbwG #RBA #CBDC #Payments #DigitalPayments #Blockchain #FinTech pic.twitter.com/N3mp1ID6gd — Reserve Bank of Australia (@RBAInfo) August 23, 2023 The pilot found four primary ...

Bitcoin miners will hoard BTC and drive up prices in the process, with BTC price due to tap $50,000 this year as a result. Bitcoin (BTC) is in line to hit $50,000 this year and crack all-time highs in 2024, says Standard Chartered. In a report quoted by media outlets including Reuters on July 10, the banking giant went on record to announce a BTC price recovery. Standard Chartered vs. 2023 BTC price: From $5,000 to $50,000 In the wake of seismic changes in the institutional approach to Bitcoin in the United States, the mainstream narrative around the largest cryptocurrency is shifting rapidly. Standard Chartered, which just last year forecast the BTC price dropping as low as $5,000, now believes it will end the year ten times higher. BTC/USD should reach $50,000 in 2023, the report from the global head of research and chief strategist, Geoff Kendrick, forecasts. Thereafter, Bitcoin should go on to $120,000 by the end of next year. The reason, Kendrick believes, lies in supply dynami...

Right-wingers are often advocates of Bitcoin, especially the decentralized nature of the currency. But does that mean crypto is a right-wing thing? The European crypto scene has gained significant traction over the past few years, with a surge in the interest in and adoption of crypto currencies and blockchain technology. While the crypto industry is often associated with decentralization, innovation and financial freedom, it is not immune to various political ideologies and influences, and right -wing movements are no exception. The attraction of cryptocurrencies for right-wing politicians in Europe can stem from several factors. Right-wing ideologies often prioritize individual freedoms and limited government intervention. Cryptocurrencies, with their decentralized nature, offer the potential for financial sovereignty by allowing individuals to have control over their money without relying on traditional financial systems or government regulations. Right-wing politicians also m...

Ether traders have been neutral-to-bearish for the past week, indicating little confidence in ETH breaking above $2,000. The Ether (ETH) price has held above $1,820 for the past three weeks, despite facing a 13.7% correction between April 18-21. Still, analyzing a broader time frame provides a more constructive view, as ETH gained 20.8% in three months while the S&P 500 stock market index stood flat. However, according to ETH options and futures metrics, the gains were not enough to make professional investors bullish. Worsening macroeconomic conditions have driven cryptocurrencies’ positive momentum in 2023, including the ongoing banking crisis. According to Arthur Hayes, former CEO of crypto derivatives exchange BitMEX, if the government refuses to bail out First Republic Bank, it could set off a dangerous chain reaction of insolvencies. Recession risks increased after the U.S. economy grew at a modest 1.1% annualized pace in the first quarter, well below the 2% expected. Meanwh...

Web3 was a major theme at SXSW 2023, yet previous hype around NFTs and building during a bear market may be contributing factors to Web3 adoption. Giant rabbits wearing trendy outfits situated alongside cartoon characters with rainbows flowing out of their mouths lined the streets of South by Southwest (SXSW) last year. This is because two nonfungible token (NFT) projects — Doodles and Fluf World — dominated SXSW 2022.  Yet these projects were nowhere to be found at SXSW 2023, demonstrating the lack of interest in NFTs this year. This shouldn’t come as a surprise, though. With crypto prices down, coupled with declining NFT prices and trading volumes, very few projects seem to be focused on digital collectibles. Instead, SXSW 2023 was overrun by major brands and consultancy firms boasting the promise of Web3. Brands discuss Web3 strategies at SXSW 2023 Avery Akkineni, president of Vayner3 — a Web3 consultancy firm founded by Gary Vaynerchuck — told Cointelegraph that Web3 is moving b...

Binance CEO says with recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from BUSD to “native cryptos" such as BTC. The failure of three major crypto-backing banks, Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank caused the stablecoin (USDC) to fall to as low as $0.87 from its $1 benchmark.  Amid the concern mounting around stablecoins, Binance CEO and co-founder Changpeng (CZ) Zhao tweeted on March 13 that with the “changes in stablecoins and banks,” it will be converting the remaining $1 billion funds in its Industry Recovery Initiative into “native crypto." Given the changes in stable coins and banks, #Binance will convert the remaining of the $1 billion Industry Recovery Initiative funds from BUSD to native crypto, including #BTC, #BNB and ETH. Some fund movements will occur on-chain. Transparency. — CZ Binance (@cz_binance) March 13, 2023 The native cryptos listed by CZ included Bitcoin (BTC), Binance Coin (BNB) an...