According to a Ripple market report, the average daily trading volume (ADV) of XRP has soared, almost doubling to $4.49 billion in the second quarter of the year, compared to the $2.26 billion recorded in the first three months of 2021, while the token witnessed four of the highest volume days ever recorded.
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Payment processors that facilitate the immediate transfer of crypto into fiat currency and enable acceptance of Bitcoin (BTC) payments for e-commerce, point-of-sale, invoicing and remittance, have a finger on the pulse of the everyday economics of cryptocurrency adoption.
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As one of the top cryptocurrency exchanges continues adapting to the regulatory landscape by tailoring its services and enforcing tougher know-your-customer policies (KYC), Binance’s founder and CEO Changpeng Zhao told Reuters he is prepared to step down and pass control to a leader with a robust set of skills, better fitting the current climate.
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The International Monetary Fund (IMF) published a warning that putting Bitcoin (BTC) or any other crypto on par with a national currency presents serious risks to macro-financial stability.
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Tesla, a major electric car manufacturer led by Elon Musk, has reported a record operating income of $1.3 billion in the second quarter of 2021—which was “partially offset” by a “Bitcoin-related impairment of $23M.” “Operating income increased [year-over-year] mainly due to volume growth and cost reduction.
The post Tesla reports Bitcoin-related ‘impairment’ of $23 million after BTC tumbled 40% in 2021 appeared first on CryptoSlate.
Tether (USDT) FUD surrounding the stablecoin’s issuance could have a new chapter in the form of criminal charges, which would mark a major development in the US government’s crackdown on crypto.
The post Tether (USDT) faces criminal probe in the US, report says appeared first on CryptoSlate.