In the last 3 months, the number of ordinals registered on the Bitcoin network has increased by 250%. 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.
There are now more than 25 million Ordinals
📍The number of Ordinals registered on the Bitcoin blockchain continues to grow without stopping. At the time of writing, the number of ordinal registrations on the Bitcoin network, the most powerful in the world, has exceeded 25 million.
According to data from Dune Analytics, there are a total of 25.518.741 ordinals on the network to date. This amount of ordinal signups has generated nearly 2.000 BTC, or nearly $50,2 million USD in fees, based on the current BTC market price.
Source: Dune Analytics
FSA to impose travel rule on crypto firms
📍Starting September 1st of this year, the FSA will require crypto firms to comply with the travel rule. The regulation approved in July 2022 is expected to come into effect next month requiring virtual asset service providers (VASPs) in the country to collect data from clients who make or receive transactions through their platforms.
According to the FSA, the regulations will help ensure transparency and stability in the crypto market, allowing suspicious transactions to be identified. Compliance with the travel rule will also help the UK financial authority meet the standards set by the Financial Action Task Force (FATF).
Mastercard presents a program for the development of CBDC
📍Ripple and ConsenSys join Mastercard's CBDC program. Financial services giant Mastercard has unveiled a new program for the development of central bank digital currencies, or CBDCs, which has been joined by several of the most important companies in the crypto/blockchain industry.
In a releaseMastercard highlighted that digital currencies developed by central banks are gaining momentum every day and that they can have a great impact on daily life. Because of this, the financial multinational is focusing on this sector, to help central banks develop their own CBDCs and solve the challenges posed by this new form of digital money.
Through its CBDC development program, Mastercard will help banks understand the advantages, benefits, challenges and limitations of CBDCs, and will also foster collaboration with companies in the crypto industry to accelerate innovation and enhance the interoperability of these digital currencies.
Mastercard’s crypto partners for its new CBDC program include blockchain software company Ripple, blockchain solutions provider Consensys, digital asset trading platform Fireblocks, digital identity technology provider Idemia, digital identity consultancy Consult Hyperion and security technology group Giesecke + Devrient.
Continue reading: Europe's first Bitcoin spot ETF starts trading on Euronext stock exchange
IMPORTANT: The content of this article is for informational purposes only and, in no case, what is written here should be taken as investment advice or recommendations. Bit2Me News reminds you that before making any investment you should educate yourself and know where you invest your money, as well as the pros and cons of the system. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.
