Ecer2012

• XRP price has increased by 2.5% in the past 24 hours, rising to $0.375464 amid a 5% gain for the cryptocurrency market as a whole. • With Ripple expecting an end to its case with the SEC later in the year, XRP could be in for a very big rally in the not-too-distant future. • Data suggests massive transfers of XRP from some of the market’s largest traders and with the coin’s 24-hour trading volume now topping $900 million. XRP Price Increase The XRP price has increased by 2.5% in the past 24 hours, rising to $0.375464 amid a 5% gain for the cryptocurrency market as a whole. Its…

• The top Russian anti-money laundering regulator, Federal Financial Monitoring Service (Rosfinmonitoring) is monitoring over 25,000 crypto users. • Rosfinmonitoring has developed sophisticated tools to detect illegal activities in the cryptocurrency market. • The agency has conducted 120 cryptocurrency related investigations and more than 60 criminal prosecutions. Russian AML Regulator Monitors Crypto Users The Federal Financial Monitoring Service (Rosfinmonitoring), Russia’s top anti-money laundering regulator, is “monitoring” over 25,000 crypto users and claims it has sophisticated tools that let it detect illegal activities. Yury Chikhanchin, the head of the body, recently held a meeting with President Vladimir Putin to discuss cryptocurrencies. Tools Used By Regulator Chikhanchin noted that advances in blockchain…

•HSBC Holdings Plc and Nationwide Building Society have taken measures to limit retail customers’ access to cryptoassets in response to the evolving legal and regulatory landscape surrounding the crypto industry. •These measures include banning credit cards from making crypto purchases, setting daily limits on debit card purchases at £5,000 ($6,000), and restricting payments to major crypto exchange Binance. •The reasons behind these decisions include warnings issued by organizations such as the Financial Conduct Authority (FCA), International Monetary Fund (IMF) and the Financial Action Task Force (FATF). Regulator Warnings Prompt Banks to Limit Crypto Transactions In response to the evolving legal and regulatory landscape surrounding the crypto industry, HSBC Holdings Plc…

• Investors debated BTC price outlooks, digital asset funds saw net outflows, and Reddit founder Alexis Ohanian said crypto was here to stay. • Binance struck a major deal with Ingenico, physical artifacts from the Titanic were tokenized as NFTs, and Coinbase was expected to report a 75% drop in Q4 revenue. • Galois Capital closed its flagship fund after FTX collapse, US Democrats gave back less than 3% of Sam Bankman-Fried donation, and US FTC investigated Voyager Digital for “deceptive and unfair marketing” of crypto. Uncertain BTC Outlooks This week in crypto, investors debated the BTC price outlook while digital asset investment funds saw $32 million in net outflows…

• The Federal Reserve Bank of San Francisco is looking for an experienced CBDC developer under a job opening titled “Senior Application Architect – Digital Currency”. • Those interested in applying for the position with the bank could pocket a salary of up to $215,400 per year. • Candidates must have knowledge of and experience with distributed systems design, cryptographic protocols such as zero-knowledge proofs, as well as consensus algorithms and security. San Francisco’s Move to Hire CBDC Developer The Federal Reserve Bank of San Francisco is looking for an experienced CBDC (Central Bank Digital Currency) developer under a job opening titled “Senior Application Architect – Digital Currency”. The selected…

• Bakkt, a crypto custody service, is shutting down its consumer-facing app in light of increasing regulatory scrutiny. • The platform will officially close down on March 16 and current users will have access to all their crypto and cash via a new web experience. • The move comes as more crypto companies are moving away from consumer-facing products due to increasing regulatory pressure aimed at boosting consumer protection. Bakkt Closes Consumer App Bakkt, a crypto custody service that includes an app where consumers can view and transact with assets, has announced the closure of its consumer-facing app as regulatory scrutiny increases. In a Monday press release, the digital asset…

• Binance, the largest crypto exchange in the world, announced that it will temporarily suspend all US dollar withdrawals and deposits for international customers beginning February 8. • This suspension only applies to non-U.S. customers who transfer money to or from bank accounts in dollars, however Binance US is not affected by this suspension. • The move comes as Binance has been facing banking challenges in the United States due to its banking partner Signature Bank raising transaction minimums for dollar transfers and reducing exposure to clients operating in the crypto space. Binance Temporarily Halts US Bank Transfers Binance has announced that it is temporarily suspending US dollar withdrawals and…

• The US Securities and Exchange Commission (SEC) won a case against LBRY Credits in November, ruling that the LBC token was an investment contract. • In a recent win for the LBRY community, the judge clarified that the ruling did not include secondary market sales. • This ruling has ignited hope for the XRP community, who are facing a similar lawsuit from the SEC. The US Securities and Exchange Commission (SEC) has been cracking down on crypto projects and companies for allegedly selling unregistered securities. In November, the SEC won a case against LBRY Credits, ruling that the LBC token was an investment contract. This ruling raised questions about…

• The metaverse is an incredibly exciting concept in the crypto space, combining virtual reality and blockchain technologies. • Several projects are beginning to emerge in the sub-sector, such as RobotEra, which is set to provide an immersive experience. • Market reports suggest that value creation in the metaverse will reach $5 trillion by 2030. The virtual reality and blockchain combination of the metaverse has been a revolutionary concept since its inception. By combining two technologies, the metaverse has enabled an immersive experience, allowing users to interact with both real-world and computer-generated content. The concept has brought a wave of excitement to the tech space, with social media giants amongst…

• Bitcoin price is consolidating below the important $23,000 level, up almost 50% from its 21 November lows. • Breaking resistance between $23k and $25k could signal the end of the bear market and open the way for $30,000. • Bitcoin is gathering fuel to relight the fires, providing room for sellers to offload, which could eventually exhaust itself in the short term. The bitcoin price is currently consolidating below the all-important $23,000 level, having made a significant recovery from its 21 November lows of around $15,000. Despite a slight 1.5% dip in the past 24 hours, the largest cryptocurrency by market cap is still up almost 50%, and this…