#SouthKoreaCryptoPolicy#SouthKoreaCryptoPolicy $XRP
The European Union may make Bitcoin illegal, and both XRP and RLUSD aim to replace SWIFT, and more - Weekly Review
The European Union may make Bitcoin illegal, and XRP and RLUSD aim to replace SWIFT, and Elon Musk supports Coinbase's warning: Bitcoin may replace the dollar, and more in this week's review.
Weekly Review
European privacy regulators are considering guidelines that could effectively criminalize Bitcoin transactions. Ripple promotes XRP and its planned stablecoin RLUSD as a fast and low-cost successor to the old SWIFT network.
Brian Armstrong, CEO of Coinbase, warns alongside Elon Musk that rampant U.S. debt could make Bitcoin an attractive alternative to the dollar.
Rex Shares' request for Ethereum and Solana-based ETFs indicates that the U.S. Securities and Exchange Commission may soon give the green light for yield-bearing crypto funds.
Even if it is through an unconventional tool. The astonishing 150% rise of Circle's coin on its debut on the New York Stock Exchange indicates investors' thirst for stablecoins.
Warning: Europe may ultimately criminalize Bitcoin
The European Union may make Bitcoin illegal, and both XRP and RLUSD aim to replace SWIFT, and more - Weekly Review
Alexander Stachienko from Baymium explained that if the current version of the European Data Protection Board's guidelines on... Read more.
Editor's comment: Sometimes it seems as if the European Union is determined to ensure it won't be a leader in cryptocurrency, just as it wasn't for the internet, and how it probably won't lead in artificial intelligence RIP EU.
Ripple offers XRP and RLUSD to replace the old SWIFT payment system
The European Union may make Bitcoin illegal, and both XRP and RLUSD aim to replace SWIFT, and more - Weekly Review
XRP supports Ripple's bold challenge to the old SWIFT payment system by providing an extremely fast and low-cost payment service... Read more.
Editor's comment: Ripple's strategy in the stablecoin race is to position a blockchain-based payment solution that operates with XRP and the planned stablecoin RLUSD as an alternative to the old SWIFT system.
Elon Musk supports Coinbase's warning: Bitcoin may replace the dollar amid the U.S. financial crisis
The European Union may make Bitcoin illegal, and both XRP and RLUSD aim to replace SWIFT, and more - Weekly Review
Bitcoin is coming into the spotlight with warnings from Coinbase's CEO and Elon Musk regarding U.S. debt, indicating... Read more.
Editor's comment: Elon’s displeasure this week with the extravagant U.S. government makes many Bitcoin users happy.
Ethereum and Solana Staking ETFs are nearing listing in the United States
The European Union may make Bitcoin illegal, and both XRP and RLUSD aim to replace SWIFT, and more - Weekly Review
Rex Shares has submitted an effective prospectus to the U.S. Securities and Exchange Commission (SEC) for... Read more.
Editor's comment: Bloomberg ETF analyst James Seyfart is confident that traditional ETFs featuring participation are on their way to emergence, but this unconventional vehicle may launch first despite the SEC's doubts.
Circle's entry into the New York Stock Exchange grabs attention and excites the cryptocurrency finance sector
The European Union may make Bitcoin illegal, and both XRP and RLUSD aim to replace SWIFT, and more - Weekly Review
Circle Internet Financial's shares saw a rise on its first trading day, jumping from the initial price... Read more.
Editor's comment: The stunning debut of Circle's coin on the New York Stock Exchange - where it rose over 150% on the first day - indicates strong enthusiasm from investors for stablecoins.
But I am not optimistic that Circle will be able to fend off all the emerging stablecoins competing to capture some of its market share.
#EDGENLiveOnAlpha #MarketPullback #BigTechStablecoin $BTC $BNB
