August, 2024

August, 2024

Ripple starts testing its stablecoin RLUSD on XRP Ledger and Ethereum
Ripple has initiated beta testing of its USD-backed stablecoin, Ripple USD (RLUSD), on the XRP Ledger (XRPL) and Ethereum mainnet. According to the announcement, Ripple wants to bring “high-quality ...

Analysts believe Bitcoin, Ethereum may face further downside in the short term
Bitcoin (BTC) and Ethereum (ETH) recovered 21% and 18%, respectively, from their bottoms registered after the Aug. 4 crash. However, Aurelie Barthere, Principal Research Analyst at Nansen, told Crypt...

Bitcoin’s MVRV Z-Score suggests undervaluation
Onchain Highlights DEFINITION:The MVRV Z-Score evaluates whether BTC is overvalued or undervalued relative to its “fair value”. Instead of using a traditional z-score method, the MVRV Z-Score uniq...

Thailand launches crypto regulatory sandbox to kick-off adoption
The Securities and Exchange Commission of Thailand (SEC Thailand) has launched a Digital Asset Regulatory Sandbox, according to an Aug. 9 press release. The initiative is designed to support the testi...

Tether’s USDT supply surpasses $115 billion amid crypto market resurgence
Tether’s (USDT) stablecoin has reached a historic milestone of exceeding $115 billion in supply, according to an Aug. 8 post by CEO Paolo Ardoino on social media platform X. CryptoSlate data shows t...

Nigerian Bitcoin advocate challenges government restrictions in landmark lawsuit
Nigerian Bitcoin advocate James Otudor has filed legal actions against the African country government’s restrictions on the ownership, use, and trade of Bitcoin, Tether (USDT), and other cryptocurre...

U.S. Federal Reserve Hits Customers Bank With Enforcement Action Related to Crypto Services
The governing body of the Federal Reserve System has issued an enforcement action against Customers Bancorp, the parent company of state-chartered Customers Bank known for doing business with crypto e...

Here’s When the Altcoin Market Could Stop Bleeding Against Bitcoin, According to Top Analyst Benjamin Cowen
Analyst Benjamin Cowen is saying that the altcoin market could stop bleeding against Bitcoin (BTC) when one key event occurs. In a new video, Cowen tells the 806,000 subscribers of his YouTube channel...

US Court Orders Bankrupt Crypto Exchange FTX To Pay $12,700,000,000 to Former Customers and Fraud Victims
A US court has ordered bankrupt crypto exchange FTX to pay $12.7 billion in monetary relief to customers who suffered losses when the company collapsed in 2022. In a new statement, the Commodity Futur...

Thailand Securities Regulator Launches Digital Asset Regulatory Sandbox for Crypto Testing
The Securities and Exchange Commission (SEC) of Thailand is launching a new crypto asset regulatory sandbox to test its digital asset-related services. In a new announcement, the securities regulator ...

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