Indonesia’s Commodity Futures Trading Supervisory Agency (CFTRA), also known as Bappebti, plans to launch the national crypto exchange in July 2023, local news agency Tempo reported on July 14.Continue Reading on Coin Telegraph More
The XRP buying frenzy saw the token account for 46% of all trading volume on Upbit, followed by Bitcoin with just 5% of the total share. XRP led the bullish momentum in the crypto market in the past 24 hours, helping other altcoins hit double-digit surges.Continue Reading on Coin Telegraph More
In the company’s blog post, Google stated that this AI tool can now generate responses in over 40 languages, including Chinese, Hindi and Spanish. Additionally, new features would be introduced to Bard in specific regions, including the capability to hear spoken responses, upload images for prompts and utilize the AI tool to analyze photos.Continue Reading on Coin Telegraph More
Santiment on-chain data aggregator has tweeted the reasons for .Bitcoin’s market cap went up by 2.15%, now standing at $606,498,554,805. Its trading volume surged by 78.72%, hitting $26,275,297,330.Aside from the XRP price boost caused by the partial victory of Ripple Labs over the SEC regulator in court, Santiment also stated that mid-tier traders have been showing “the greatest signs of Bitcoin accumulation.” Those include “dolphin”/”shark” (wallets holding 0.11- 100 Bitcoins) and “fish” (wallets with up to 0.1 BTC in them).The second largest crypto, Ethereum, has also demonstrated a big rise on the news of the Ripple win. ETH surged by nearly 5%, cumulatively rising by 7.58% over the past two days, briefly surpassing the $2,000 level. By now, however, Ethereum has lost 1.37%, exchanging hands at $1,997.By now, the coin’s price has rolled back by 5.61%, trading at $0.77597.The whopping price surge was triggered not only by the partial victory of Ripple over the SEC in court but also by the fact that large exchanges one after another began to – Kraken, Bitstamp, Coinbase (NASDAQ:COIN) and Crypto.com.This is the first turning point victory for Ripple since the beginning of the case in late December 2020, when it was initiated by the securities regulator, which claimed that XRP was an unregistered security sold illegally not only by Ripple Labs but also by its CEO Brad Garlinghouse and co-founder Chris Larsen.Now, Judge Analisa Torres has made a verdict that Ripple’s institutional XRP sales were indeed securities. However, programmatic and all other sales were not.This article was originally published on U.Today More
On July 14, Multichain’s official Twitter account announced that it will be finally halting its operations. The team said that a “lack of alternative sources of information and corresponding operational funds” has forced them to shut down their business activities. Continue Reading on Coin Telegraph More
On July 14, XRP price retreated by about 10% to $0.76, but compared to its lowest price the previous day, it was still up around 65%. Continue Reading on Coin Telegraph More
Australian crypto investment firm Monochrome Asset Management has submitted an updated application to launch a spot bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) in collaboration with Vasco Trustees.The proposed Monochrome Bitcoin ETF (IBTC) would provide retail Australian investors with direct exposure to bitcoin (BTC) and ethereum (ETH), as announced on July 14.This development represents the first filing for a spot bitcoin ETF on the ASX since implementing a licensing regime with crypto provisions nearly two years ago.The move comes a year after Vasco, Monochrome’s partner, obtained a financial license to operate crypto spot ETFs in Australia.ETFs allow investors to gain exposure to various assets without owning them directly, including commodities, currencies, stocks, or bonds. In the case of a bitcoin ETF, investors can participate in the price movement of bitcoin without possessing the cryptocurrency itself. Instead, they can purchase shares that mirror the digital asset’s value.In October 2021, the Australian Securities and Investments Commission (ASIC), the country’s securities regulator, revised its rules for the Australian financial services (AFS) license to enhance market transparency for crypto firms and improve investor protection.These regulations stipulate that a spot ETF requires institutional support and acceptance of the underlying cryptocurrency. Additionally, “reputable” and “experienced” service providers must be willing to back such products.Presently, only two AFS licensees, including the issuer partnering with Monochrome for the ETF, are authorized to offer retail crypto-asset licenses. Other licensees are classified as wholesale and are yet to receive approval to provide these products to individual investors.Last year, Cosmos Asset Management’s bitcoin ETF attempted to become the first in Australia. Still, it was established as a fund of funds, offering exposure to a Canadian spot bitcoin ETF managed by Purpose.Eventually, Global X and 21Shares’ bitcoin ETF became the first to list in Australia, while Cosmos delisted its offering due to a lack of interest.Spot bitcoin ETF applications have recently garnered significant attention, particularly in the US. In recent weeks, major financial firms such as Fidelity, Invesco, Wisdom Tree, Valkyrie, and BlackRock (NYSE:BLK), a $10 trillion asset management firm, have filed for spot bitcoin ETFs.This article was originally published on Crypto.news More
During a press conference on July 13 in which Hollywood actors confirmed that they were going on strike, Crabtree-Ireland revealed a proposal from Hollywood studios entailing an AI proposal featured in the statement made by the Alliance of Motion Picture and Television Producers (AMPTP) after futile negotiation efforts.Continue Reading on Coin Telegraph More
