Day: 5 March 2023

Ripple Joins CBDC Discussions With Over 20 Central Banks

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Speculations that XRP would serve as a bridge between CBDCs have surfaced. In an interview with Forkast News, Ripple’s executive shared the company’s latest interaction with global regulators to discuss crypto and digital assets. One of the key focus areas is the exploration of CBDCs. Brooks Entwistle, Managing Director and Senior Vice President of APAC and MENA for Ripple Labs, underlined the importance of crypto use cases in business and life. The industry needs to prove its real-world utility. Entwistle shed light on the role of CBDCs: “CBDCs, we do…

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Crypto Exchanges Binance and Kuna Suspend Card Transactions in Ukrainian Hryvnia

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Major cryptocurrency exchanges operating in Ukraine have temporarily suspended operations with hryvnia bank cards. The measure stems from restrictions imposed by the country’s central bank, Binance and Kuna indicated in comments for crypto media. Ukrainians Unable to Trade Crypto Assets Using Cards in National Currency The world’s largest crypto exchange, Binance, and a leading Ukrainian exchange, Kuna, have announced temporary suspensions of operations with bank cards in Ukrainian hryvnia. Both trading platforms confirmed about the problems with such transactions. The limited processing of deposits and withdrawals in the national currency…

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Collateral Network (COLT) Maintains Investors’ Confidence While Frax Share (FXS) and The Sandbox (SAND) Maintain More Profits

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Some prospective and existing cryptocurrency investors are overwhelmed by the bullish and bearish projects in the industry. This makes it a bit challenging for them to invest wisely. Understanding which projects are bullish may have a huge impact on an investor’s investment decision-making. Let’s review three high-performing tokens, Collateral Network (COLT), which is currently in phase 1 of its presale with a token price of $0.01, The Sandbox (SAND) and Frax Share (FXS), and help investors have the necessary information about the tokens that they need to make informed decisions.…

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Silvergate Capital: The Crypto Bank That’s Facing a Crisis

coinmaker

Silvergate Capital is a bank that specializes in serving the cryptocurrency industry. It offers deposit accounts, loans, custody services and payment solutions to crypto businesses and investors. It also operates the Silvergate Exchange Network (SEN), a platform that enables real-time transfers of U.S. dollars between its customers and crypto exchanges. Silvergate Capital has been one of the most successful and influential players in the crypto space. It has over 1,100 customers, including some of the largest and most reputable crypto firms such as Coinbase, Kraken, FTX and Bitstamp. It has…

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