Day: September 6, 2023

SBI expands Ripple remittance tech to banks in Vietnam, Indonesia, Philippines

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Japanese financial holding company SBI Group has announced that its international remittance services arm, SBI Remit, has partnered with Ripple and SBI Ripple Asia to offer an XRP (XRP) remittance service to bank accounts in several Southeast Asian countries. In an announcement, the company highlighted that SBI Remit has been using Ripple payments services for international remittances since 2017. Furthermore, SBI Remit also introduced solutions using crypto in 2021, claiming that it was the first in Japan to provide remittance services using XRP to crypto wallets in the Philippines. XRPを活用するRippleの送金ソリューションを用いた国際送金サービスをフィリピン・ベトナム・インドネシア向けに順次拡大…

Bitcoin HODLer Dominance Rises To Record Levels, Bullish Sign?

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On-chain data shows the divergence between the Bitcoin long-term holders and short-term holders has grown to record levels recently. Bitcoin Market Has Been Continuing Its Shift Towards HODLing As an analyst in a post on X explained, the gap between the speculators and HODLers in the market has only grown wider recently. The “short-term holders” (STHs) and the “long-term holders” (LTHs) are the two primary cohorts that the entire Bitcoin market can be divided into. The STHs refer to all those investors who purchased their coins less than 155 days ago,…

Looking at Decentralized Exchange Uniswap and Crypto’s New Favorite Ruling

“Due to the Protocol’s decentralized nature, the identities of the Scam Token issuers are basically unknown and unknowable, leaving Plaintiffs with an identifiable injury but no identifiable defendant,” the judge wrote. “Undaunted, they now sue the Uniswap Defendants and the VC Defendants, hoping that this Court might overlook the fact that the current state of cryptocurrency regulation leaves them without recourse, at least as to the specific claims alleged in this suit.” Source

Grayscale urges SEC to approve its spot Bitcoin ETF filing

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Grayscale is calling on the US SEC to approve its spot Bitcoin exchange-traded fund (ETF) application, arguing that further delay would cause harm to investors.  Grayscale’s lawyers on Sept. 5 wrote a letter to the SEC seeking a meeting with the securities regulator on the way forward for a spot Bitcoin ETF approval. In the letter, the lawyers stated that the SEC’s review of Grayscale’s application has taken nearly three times longer than what is permitted…

Marathon’s Bitcoin production slips 9% amid ‘unprecedented’ heatwave

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Marathon Digital experienced a 9% dip in Bitcoin production in August 2023, primarily due to increased shutdowns in Texas owing to record-high temperatures. Despite this setback, the US-based crypto mining firm produced 1,072 Bitcoin (BTC), a figure that quintuples the output from August last year. According to the company’s latest mining operations report, Marathon has been on a steady growth trajectory, enhancing its operational hash rate in the US by 2% to reach 19.1 exahashes and…

OriginTrail on AI, real-world adoption and the value of knowledge: The Agenda podcast

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Artificial intelligence (AI), large language models (LLMs) and machine learning have infiltrated just about every aspect of our technology-connected lives. Tools like ChatGPT offer an array of helpful utilities, but they also come with a potentially dark side, as ChatGPT and other LLM chatbots are known to occasionally spit out information that is factually incorrect, potentially biased and possibly even harmful. AI is just the latest example demonstrating the importance of being able to verify information. Complex systems such as supply chains, where verifiability has always been important, have long…

SYN Tokens Respond to Selling Pressure With 17% Price Bounce

“A Synapse liquidity provider sold their SYN tokens and removed liquidity today. We’re investigating unusual activity on their wallets and are working to get in touch with them. Will update once there is more info. There was no security breach of the protocol or bridge,” the Synapse team wrote on X, formerly known as Twitter, at the time. Source

Polygon awaits PIP approval as Decentraland and Borroe.Finance gain momentum

While Polygon awaits PIP approval, MATIC, Polygon’s native currency, seems to have stabilized and may post gains in the coming months. On the other hand, Decentraland partnered with Inworld while investors maintained a bullish outlook.  Meanwhile, Borroe.Finance (ROE) presale is ongoing, and the token is already up 15% in the first stage.  Based on this, can Polygon and Decentraland follow Borroe’s lead? Polygon awaits PIP approval; will MATIC get back on track?  MATIC crashed 20% in the past month, but prices have since stabilized. If Polygon receives PIP approval, its…

Bitcoin (BTC) Still Stuck in Limbo

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Ether (ETH) will outperform bitcoin in September and October, according to crypto analytics firm K33. Given the high chances that the U.S.’ first ether ETF will be approved in mid-October, investors can ride the momentum that will drive ETH as the deadline approaches, according to senior analyst Vetle Lunde. September is a historically difficult month for BTC, having recorded negative returns in that month every year since 2016. The odds, therefore, are “stacked in favor of ETH,” Lunde said, citing the 60% gain that bitcoin made in the three weeks…

Coinbase to Launch Crypto Lending Service for Institutional Clients

In addition to the failed Lend program, Coinbase has attempted other lending services in the past. Coinbase has announced that it is working on a crypto lending service for institutional clients in the United States. A September 1 filing with the US Securities and Exchange Commission (SEC) shows that the company has already raised $57 million to go towards the project. The service would help fill the hole left in the market after the implosion of major crypto lenders like Genesis and BlockFi last year.  The exchange reportedly plans to…