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Ripple Exec on Acquiring Crypto Custody Firm Metaco for $250M
Blockchain firm Ripple is buying Swiss-based crypto custody provider Metaco for $250 million. James Wallis, Ripple VP of Central Bank Engagements and CBDCs, shares insights into the acquisition.
Sky Mavis Co-Founder on Axie Infinity's Apple App Store Debut in Key Markets
Axie Infinity's AXS token is paring some gains after surging over 12% earlier this week, as Axie Infinity: Origin, a new card-based strategy game, debuted on the Apple App store in key markets. Jeffrey 'Jihoz' Zirlin, co-founder of Axie Infinity creator Sky Mavis, discusses the launch and the future of Web3 gaming.
NY Fed, Singapore Regulator Verify CBDC Use for Cross-Border Payments
Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments, according to a new report published by researchers with the New York Federal Reserve and Monetary Authority of Singapore (MAS). CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down the new research.
Bitcoin Drops Below $27K Amid Debt Ceiling Talks, Regulatory Actions
Bitcoin (BTC) is slipping back below $27,000, as investors continued to weigh the ongoing debt ceiling talks in Washington, D.C. and the latest regulatory moves. Bitwise Asset Management President Teddy Fusaro discusses his crypto markets analysis, sharing insights into the Bitwise 10 Large Cap Crypto Index. Plus, his reaction to JPMorgan analysts saying the stablecoin universe is continuing to shrink, and until this stops, a sustained recovery in crypto prices is unlikely.
Ripple Exec on CBDC Platform, Metaco Acquisition
Blockchain firm Ripple is launching a central bank digital currency (CBDC) platform that allows central banks, governments, and financial institutions to issue their own digital currency. James Wallis, Ripple Vice President of Central Bank Engagements and CBDCs, joins "First Mover" to discuss the platform's services and the firm's recent acquisition of Swiss-based crypto custody provider Metaco for $250 million.
Rep French Hill on Stablecoin Regulation: ‘We’re Not Starting from Scratch’
Rep. French Hill (R-Ark.) addressed the House Subcommittee on Digital Assets, Financial Technology and Inclusion during Thursday’s hearing entitled: Putting the ‘Stable’ in ‘Stablecoins:’ How Legislation Will Help Stablecoins Achieve Their Promise. “We're not starting from scratch,” Hill said. “The similarities between the two proposals are strong, and that's why we're not that far apart.”
NFT Trading Volume on Pace to Drop Below $1B: DappRadar
A new report from DappRadar reveals that NFT trading volume for the month of May has reached $333 million so far, putting it on track to fall below $1 billion for the first time this year. CoinDesk's Jenn Sanasie presents "The Chart of the Day."
Absence of Retail Investors Could Hinder Pepecoin's Rise to Top Meme Coin: Santiment
A new report by on-chain analytics firm Santiment comparing the liquidity and trading metrics for pepecoin (PEPE) against shiba inu (SHIB) and dogecoin (DOGE) suggests PEPE could face challenges amid a generally bleak trading environment. "The Hash" panel discusses the latest on the meme coin economy.
DeFi Must Get Easier to Use to Win Over Retail Customers: Uniswap Survey
The many pains of using decentralized finance (DeFi) protocols may be stopping occasional crypto users from experimenting with on-chain services, according to a survey conducted by Uniswap Labs. "The Hash" panel discusses the findings and the potential hurdles ahead on the path to mainstream DeFi adoption.
Ripple Launches Platform for Central Banks to Issue Their CBDCs
Ripple is starting a central bank digital currency (CBDC) platform which allows central banks, governments, and financial institutions to issue their own digital currency. The firm will also showcase a real estate tokenization product as part of Hong Kong Monetary Authority's e-HKD pilot. "The Hash" panel discusses what this means for Ripple amid a global race to digital money.
