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Ripple CEO Says Coins Without Utility Will Disappear

Ripple CEO says only utility-based crypto tokens will prosper in the future.  He adds that tokens with no utility will eventually disappear.  The firm is eager to kick-off its Ripple CBDC Innovate challenge. The XRP community is abuzz on Twitter as a Ripple fan shares a video of Ripple CEO Brad Garlinghouse. The focus of the video clip is about how important utility in crypto tokens are to the CEO.  In fact, from the video clip, we can see that Garlinghouse clearly mentions how he believes that only tokens with utility will prosper. More so, he says that crypto tokens

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Crypto.com Enables Apple Pay Crypto Purchases in the USA
Crypto.com Enables Apple Pay Crypto Purchases in the USA

Crypto.com allows crypto purchase on its platform with Apple Pay. This feature is currently available to US users only. US users in US territories and the state of New York are excluded. The popular cryptocurrency exchange crypto.com announces the integration of Apple Pay onto its website and app. Thus, Apple Pay users can now begin buying cryptocurrencies on crypto.com Furthermore, these crypto purchases on the exchange can be done via the use of both debit and credit cards with Apple Pay. With this move, crypto.com is looking forward to boosting and enhancing user experience.  With Apple Pay involved in the

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Tether Being Shorted by Hedge Funds, CEO Speaks Up

Paolo Ardoino said hedge funds are shorting USDT with the hopes of recreating TerraUSD’s demise. He asserts USDT is 100% backed by the company’s US dollar reserves. Leading US dollar-based stablecoins are still changing hands at $1 per piece. It appears the stablecoin crucible has still not ended with TerraUSD (UST), as Tether CEO Paolo Ardoino revealed that Tether USD (USDT) is now the next target of hedge funds. In the thread, Ardoino mentioned USDT/USD perpetual futures as one of the “tool” for the attack. Other strategies include short-selling of the borrowed USDT in the spot market, as well as

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Bitcoin and Ethereum Smash New All-Time High at the Same Day
SEC Ditches ETH, Says Only BTC Is Commodity-Material

SEC Chairman Gary Gensler said he is willing to acknowledge Bitcoin as a commodity. People misinterpreted Gensler, claiming that he recognized Bitcoin as a commodity already. Should Bitcoin become the only commodity, then Ethereum may be considered a security. The crypto space is paying close attention to the US Securities and Exchange Commission (SEC) again, as Chairman Gary Gensler made some bold statements regarding Bitcoin. https://twitter.com/DocumentingBTC/status/1541437342401150982 As heard during the interview, Gensler is willing to acknowledge Bitcoin as the only cryptocurrency that may be considered a commodity. This effectively makes every altcoin a security in Gensler’s eyes. However, many people

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Shiba Inu Up 20% After Whale Buy, Robinhood Support
Shiba Inu Blockchain’s Public Testnet Will Arrive in Q3 2022

Shiba Inu’s Shibarium will release its public testnet this year.  In detail, the testnet will launch sometime in Q3 of 2022. Its main goal is to lower gas fees for its users across the Shiba ecosystem. Shiba Inu’s ‘Shibarium’ blockchain announces that its public testnet release is set for Q3 2022. The thrilling announcement comes from the firm working on the development — The Unification Foundation.  From the tweet above, we can see that the SHIB army is very excited by the news and is eager for the testnet’s arrival. In particular, one response talks about how once the testnet

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Coinbase Shows Mission Dedication, Financial Freedom For All
Coinbase Allows Crypto Transactions on Two Networks

Coinbase allows crypto transactions on two networks.  These networks include Polygon and Solana.  Its users now have the chance to access web3 in a much simpler form. Coinbase announces that it has begun allowing crypto transactions on two different networks. In particular, these two networks are the Polygon and Solana networks. With this move, Coinbase is improving access to Web 3.0. In detail, allowing crypto transactions on these two networks will help users access web3 in faster, cheaper, and easier conditions. Starting from now till over the next month, all eligible Coinbase customers will enjoy new perks.  These perks include

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ConsenSys-Partners-With-Oasys-for-Blockchain-Gaming
ConsenSys Partners With Oasys for Blockchain Gaming

ConsenSys has partnered with blockchain network Oasys. The partnership will focus on providing infrastructure support for blockchain gaming. Yield Guild Games (YGG) is also taking an active role in the partnership’s success. ConsenSys has revealed its partnership with Oasys, a blockchain network created specifically for gaming. The collaboration seeks to “build better network infrastructure” for blockchain gaming. Oasys detailed the scope of the partnership in a Medium post. For instance, ConsenSys will offer infrastructure support to the Oasys network through a number of services including MetaMask. On the other hand, ConsenSys can benefit from the collaboration due to the potential

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African-Nations-Trialing-CBDC-After-Nigeria’s-e-Naira
African Nations Trialing CBDC After Nigeria’s e-Naira

South Africa and Ghana are now trialing their own CBDC. Nigeria has formally launched its e-Naira after a successful pilot that ran for months. The Bahamas is the first country in the world to launch its CBDC, followed by Nigeria. More African countries are now trialing their own central bank digital currency (CBDC) following Nigeria’s official launching of its own e-Naira. According to the International Monetary Fund (IMF), at least South Africa and Ghana are hot on the heels of Nigeria. Specifically, the South African Reserve Bank is now running tests with its wholesale CBDC. Financial institutions in the country

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CZ-Shuns-Coinbase-Comparison-After-Binance
CZ Shuns Coinbase Comparison After Binance.US Drops BTC Fees

Binance.US removed all fees when trading bitcoin on 4 spot markets: USD, USDT, USDC, and BUSD. People compared Binance.US to Coinbase, to which Changpeng Zhao responded. Most cryptocurrency exchanges rely on trading fees for revenue. Binance.US grabbed the spotlight within the US crypto community after the exchange removed all fees when trading bitcoin. This applies to all users, whether new or old. According to an announcement, the zero bitcoin fee will apply on four spot market pairs, namely BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD. People were quick to praise Binance.US, which radiates to the mother company Binance. However, some compared Binance.US

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Ripple-Opens-Crypto-Hub-in-Toronto,-Aims-to-Hire-Hundreds
Ripple Opens Crypto Hub in Toronto, Aims to Hire Hundreds

Ripple announces its intention to make Canada a crypto hub.  The company will hire hundreds amid global crypto layoffs.  It aims to open an engineering hub to drive innovation in the country. Ripple is opening an office in Toronto, Canada. The blockchain company is hoping to make Canada serve as a crypto hub. In fact, Ripple is planning on hiring 50 engineers to have the hub kick into full gear. As the year goes by, they plan to hire hundreds more.  As we can see from the tweet above, the announcement seems to be receiving a very warm reception from

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metapay
Meta Introduce Meta Pay and Digital Wallet for the Metaverse

Mark Zuckerberg makes an exciting announcement via his Facebook page.  He says Meta is introducing Meta Pay and a digital wallet for the metaverse.  With this, he hopes to create greater opportunities for creators on the platform. Mark Zuckerberg — Founder of Facebook, made an exciting announcement on his Facebook page. In detail, he announces that Meta is introducing Meta Pay and a digital wallet for the metaverse.  Specifically, he says Meta is taking a huge step by changing Facebook Pay to make it Meta Pay. The service will continue to provide the same simple way to send money and

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Terra-LUNAUST-Core-Designers-Grounded-by-South-Korean-Authorities
Terra LUNA/UST Core Designers Grounded by South Korean Authorities

Terra’s main designers face a departure ban from South Korea.  The Republic of Korea is taking its LUNA and UST investigation very seriously.  South Korea pushed its 20% Bitcoin (BTC) tax to 2025. Reports say that South Korean authorities are putting a ban on LUNA/UST employees and developers from leaving the country. In detail, it seems that Terra’s main designers cannot leave South Korea.  As we can see from Blockworks’ tweet above, the news came from a JTBC article. In fact, the article goes on to explain the situation with Terra and the South Korean authorities. It is no secret

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