After announcing that Ripple may possibly leave the United States, the CEO of Ripple Labs announces that Japan and Singapore will be its possible new destinations. This and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
📍 Brad GarlinghouseExecutive Director Ripple, announced in a interview that Japan or Singapore could become the new headquarters of his company, recalling that Ripple had previously announced that it would move its company due to the lack of regulatory clarity regarding cryptocurrency companies in the United States. During the interview, Garlinghouse stated that these countries have been shortlisted as the possible destinations that the company would move to if it leaves the US.
📍 With the noticia Following the announcement that Paypal will join the crypto ecosystem to accept cryptocurrency purchase and sale transactions on its platform, the company's shares began to rise, reaching a value of $215,53 USD by October 21. This value represents a new historical high for Paypal, surpassing the one reached during the month of September of this year.
Source: TradingView
However, the surge in share price did not last long, as within hours of reaching a new all-time high, Paypal shares began to decline, reaching a value of $207,39 USD at the time of writing.
📍 The Austrian-based investment banking group, Raiffeisen Bank International (RBI), will implement the technology blockchain in a technological initiative that will allow its fiat currency to be tokenized and connected to multiple blockchain networks. project is developed in conjunction with BitPanda, a exchange cryptocurrency that develops an interoperability tool between blockchain networks known as Pantos. The banking entity seeks to implement its RBI Coin through Pantos, as a next-generation digital cash solution designed for interbank and intercompany payments, facilitating cash and liquidity management.
“As a first proof of concept, Pantos technology will be implemented on RBI Coin, an e-money solution developed by RBI. This is an important use case for both blockchain interoperability and for the banking industry to become technology agnostic in the rapidly changing field of blockchain technologies.”
RBI Director of Strategic Partnerships and Ecosystems, Christian Wolf, says Pantos plays an integral role in making asset tokenization a reality within the banking group, enabling even more extensive and flexible use cases for the bank's clients.
📍 The United States Commodity Futures Trading Commission (CFTC), published a Press release to notify the Futures Commission Merchants (FCM) on the holding of digital currencies in segregated accounts. The agency issued a notice to provide guidance to FCMs on how to hold and report certain digital currencies deposited by customers in connection with physically delivered futures or swap contracts. It also provided clear guidance for FCMs to follow when designing and maintaining risk management programs related to the acceptance of virtual currencies as customer funds.
The CFTC says one of its core values is to provide guidance and clarity to market participants and establish a holistic framework for digital asset derivatives.
📍 Justin Sun, CEO of BitTorrent, a leading peer-to-peer (P2P) technology platform, announced the acquisition of a new blockchain-based esports streaming service, called DLive.tv, which will be migrated to a newly formed entity called BitTorrent X, along with existing BitTorrent services.
📍 If you are thinking of entering the world of decentralized finance (DeFi) be very careful. Yearn Finance, one of the most famous and profitable DeFi protocols for users and investors, has a doppelganger that almost perfectly copies the characteristics of this protocol, tricking novice users into sharing their private keys and stealing their funds.
The fake site calls itself "yaerm.finance“, while the domain of the original DeFi protocol is “yearn.finance”. The fake address copies the entire design of Yearn Finance, so if it is your first time entering this protocol, be very careful to verify the domain so that you do not fall victim to the scam and lose your funds.
Continue reading: Communications between satellites using blockchain? An Ethereum-based network seeks this goal
