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Hashdex has officially launched XRPH11, the world's first
XRP
spot ETF in Brazil, tracking the Nasdaq XRP Reference Price Index with 95% allocation to XRP.
#XRPETFs
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Jaguar123
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Cryptocurrency, also called “Crypto”, is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography that enables secure online payments for individuals or businesses. Bitcoin is trading around $97,000 today. Very interesting to watch the markets. Happy decentralised investing. $BTC
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House Republicans will release a new draft bill on crypto regulation ahead of a key hearing on May 6. The bill aims to define how the U.S. will handle crypto markets, stablecoins, and digital asset oversight moving forward. Would be great to see the digital assets coming into the mainstream regulatory framework increasing investor confidence. #DigitalAssetBill
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Visa has partnered with Bridge to launch stablecoin-backed cards across Latin America, allowing users to spend stablecoins for everyday transactions at over 150 million Visa-accepting merchants. This follows Mastercard's recent move to integrate stablecoin payments globally through partnerships with Circle, Paxos, and Nuvei. Stablecoin payments would be a great future payment method using your VISA card. Perhaps one would be able to add their Binance account to Apple Wallet for example. Easier access and availability of cryptocurrency investments would be a catalyst for mainstream adoption. #StablecoinPayments
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The postponement of altcoin ETFs by the SEC can be seen as a positive for several reasons: 1. Thorough Review: It allows the SEC more time to ensure regulatory requirements are met, protecting investors from potential risks. 2. Potential for Approval: The final deadlines are still months away, leaving room for approval after a more comprehensive evaluation. 3. Market Stability: The extended timeline can provide clarity and stability, fostering a more regulated and trusted environment. 4. Clearer Guidelines: The process can lead to the development of clearer regulatory frameworks, benefiting the industry long-term. In summary, while the postponement may cause short-term uncertainty, it aims to create a more robust and secure market for altcoin ETFs. #AltcoinETFsPostponed
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Trump's First 100 Days on Crypto: During Donald Trump's first 100 days, several actions have had a positive effect on cryptocurrencies. Trump has taken steps to embrace crypto more openly and has made efforts to ease regulatory burdens on the industry. He pardoned the three cofounders of crypto exchange BitMEX and another employee, ending legal battles that had been ongoing since 2020. Additionally, he appointed David Sacks as his "Crypto Czar" and established a new SEC "Crypto Task Force" to support the industry. Trump also signed legislation repealing an IRS rule that would have required DeFi brokers to follow the same reporting rules as brokers for securities, which was seen as a significant crypto-friendly regulation. Furthermore, he signed an executive order to establish a bitcoin reserve, although the reserve will consist of currencies seized by the government rather than additional purchases. These actions have generally been viewed positively by the crypto community, though some were disappointed that the bitcoin reserve did not include additional demand for the cryptocurrency. However, it's important to note that some of these actions, such as the creation of a bitcoin reserve, have also faced criticism and disappointment from parts of the crypto community. #Trump100Days
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