Ripple Conducts Testing of Native NFT Functionality
According to an update posted by RippleX, the development arm of the San Francisco-based blockchain company, its team of developers is now confident in the XRP Ledger’s ability to support the XLS-20 standard for non-fungible tokens.
Breaking: Voyager Digital Enters Bankruptcy After Three Arrows Meltdown
Crypto lender Voyager Digital Holdings filed for bankruptcy on Wednesday, as its exposure to beleaguered hedge fund Three Arrows Capital devastated its finances.
If you watch YouTube, beware of this crypto-stealing malware
A new type of cryptocurrency malware is spreading through YouTube, luring users into downloading programs that are intended to steal data from 30 different crypto wallets and browser extensions.
UK Government Seeks Expert Views on DeFi Taxation
The UK government is seeking public views on the taxation of digital assets loans and staking within the context of decentralized finance (DeFi). The consultation will run for eight weeks, from July 5 to August 31.
Risk profile of crypto markets similar to oil and tech: Coinbase
Despite some touting crypto as a hedge against traditional markets, digital assets today share a similar risk profile to commodities such as oil and gas, and tech and pharmaceutical stocks, according to analysis from Coinbase’s chief economist.
Sensational Push For Cryptocurrencies As US Fed Panel Gives Its Nod
In a surprising development, a panel of speakers hosted by the U.S. Federal Reserve had on Tuesday gave a big boost for the cause of cryptocurrencies. They recommended that crypto assets be allowed to flourish in the U.S. economy as it would further strengthen the dollar’s status. The Fed cryptocurrencies discussion gave rise to some interesting observations.
Singapore Considers Imposing New Restrictions on Crypto Trading
The Monetary Authority of Singapore (MAS) has told Parliament that the central bank is considering imposing additional restrictions on cryptocurrency trading. They include “placing limits on retail participation, and rules on the use of leverage when transacting in cryptocurrencies.”