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The tournament, held during the Santa Monica Peer to Pier Bitcoin festival, will feature semi-pro and amateur divisions, awarding a $5,000 prize pool paid in bitcoin.
The Silicon Beach wants to make sure Bitcoin has a place there, with help from a blue-collar-oriented nonprofit.
The City of Santa Monica's Bitcoin Office announces its first educational event since its formation last month.
Due to regulatory hurdles, XRP failed to initiate a significant rally alongside other notable cryptocurrency assets like Bitcoin and Ethereum in the 2021 bull cycle. There has been much speculation about when the altcoin will surge again. However, a market expert has recently shared insights into when the actual price impact for XRP will develop, indicating a positive future for the crypto asset. Real Price Impact For XRP On The Horizon SMQKE, an observer and researcher of Current Tech Shift, has disclosed the period for the much-anticipated rally for XRP to come to light, emphasizing the key developments that may influence the value of the digital asset in the future. Related Reading: Crypto Analyst Predicts 42,263% Breakout For XRP Price To $280, Heres The Roadmap The expert bases his prediction on the recent developments around the Ripple-Russia Presentation, which implies that major confirmation was provided that all of the big banks that have teamed up with Ripple, including leading banks that are crucial to the system, such as Standard Chartered, Santander, and Bank of America, are currently running in test mode. “If these major banks are still in the testing phase, it means they have not yet fully integrated Ripples technology into their daily operations,” he added. Because of this, SMQKE believes that XRP has been unable to move significantly despite its potential utility. XRP may be struggling to undergo a major price upswing, but SMQKE asserts that this development is encouraging for XRP’s future because systemically important banks are participating in the ongoing testing. As a result, the researcher is confident that after the tests are over and the big banks have transitioned to full-scale adoption of Ripple’s technology, the real price effect for XRP will take place. This is because once these tests are successfully concluded, there will be a greater need for XRP as a utility asset in financial transactions, potentially resulting in a sharp increase in the altcoin price. Current State Of The Market In A “Wait And See” Phase According to the expert, the market could be in a “wait and see” phase. This is because investors might be delaying pushing up XRP’s price until they see definite evidence of widespread acceptance and regulatory certainty around the asset. Related Reading: XRP Set To Explode? Top Analyst Predicts $33 Rally The legal litigation between Ripple and the United States Securities and Exchange Commission (SEC) has been a major roadblock for the potential of XRP. SMQKE’s insights suggest that investors await the lawsuit’s conclusion before pouring massive capital into the crypto asset market. If the lawsuit ends and Ripple’s technology integration tests with big banks go live, there is a good chance that the value of XRP will witness a notable price rally, possibly to new all-time highs. Featured image from Adobe Stock, chart from Tradingview.com
Santa Monica became the first U.S. city to open an official Bitcoin office, partnering with Proof of Workforce to provide Bitcoin education and explore potential economic opportunities.
Circle Internet Group announced plans to introduce the Circle Payments Network (CPN) in May. The platform seeks to facilitate instant cross-border payment settlements through regulated stablecoins USDC and EURC. The Circle Payments Network strives to connect real-time domestic payment systems which allows efficient cross-border money transfers. The payment network will link financial institutions such as […]
Santa Cruz County in California is set to launch a pilot program using a blockchain-powered digital wallet for government services, including bicycle registration and RV parking registration. The program, powered by HUMBL, will launch in July 2023 and run a three-stage pilot program. The county aims to provide a formal report and rollout plan for the digital wallet by September 2023.
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A subsidiary co-owned by Crédit Agricole and Santander has registered as a digital asset service provider in France. The registration of Caceis, a company that specializes in offering financial services to institutional investors, allows the two major European banks to tap into the crypto market. Crédit Agricole Asset Management Unit Obtains AMF Registration in France [...]
The post Banking Giants Crédit Agricole, Santander Seek to Provide Crypto Custody Under French Registration appeared first on Crypto Breaking News.
Although receptive to crypto companies, the European banks say there would be restrictions.
The U.K. bank Santander will prevent its customers from sending transactions to crypto exchanges next year. Santander to Block Exchange Payments Santander will soon restrict users from buying crypto. Reuters...
Santander to impose a £1,000 transaction limit on its crypto customers in the UK (Read More)
<p>Portuguese banks began closing accounts that belong to crypto exchanges, citing 'risk management' as the main reason for the closures. Portugal gained its reputation for welcoming cryptocurrency exchanges as no tax is imposed on crypto earnings.</p><p>These banks are Banco Comercial Portugues (BCP), <a href="https://www.financemagnates.com/executives/moves/banco-santander-names-hector-grisi-as-ceo/" target="_blank">Banco Santander</a>, Caixa Geral de Depósitos, BiG, and Abanca. At least four crypto exchanges had their accounts closed according to recent reports.</p><p>All the exchanges are registered with the central bank of Portugal. These exchanges are Criptoloja, Mind the Coin and Luso Digital Assets. The 4th <a href="https://www.financemagnates.com/terms/e/exchange/" target="_blank" id="b5da6e64-2afe-421d-9b81-16404b7d59d6_1" class="terms__main-term">exchange</a> requested the media to remain anonymous.</p><p>The Bank of Portugal is not Intervening</p><p>The Bank of Portugal Governor, Mário Centeno commented the following on the banks' decision: "The decision to open or continue to offer bank account services depends in such cases on the risk management policies that each banking institution puts into place.”</p><p>Pedro Guimaraes, the Founder of Thoughts the Coin stated that an official explanation was provided by the banks: "While there is no official explanation, some banks just tell us they don’t want to work with crypto companies. It’s almost impossible to start a crypto business in Portugal right now."</p><p>While no official explanation was provided, some are suggesting 'suspicious transactions' have led to the bank's decision to close the accounts. Some suggest that if the bank suspects <a href="https://www.financemagnates.com/terms/m/money-laundering/" target="_blank" id="f30ffb65-351e-44d6-9dae-0714f08b59b2_1" class="terms__secondary-term">money-laundering</a> is being committed or improper enforcement of KYC, the bank account will be closed.</p><p>Although Portugal rejected 2 bills imposing a crypto tax, they were dismissed in May. However, there are expectations from the ruling party to present its own bill taxing cryptocurrencies.</p> This article was written by Matti Williamson at www.financemagnates.com.
The bank’s CEO said the firm would release more details for its Bitcoin and cryptocurrency services by or before the release of its quarterly results.
Case volumes are up 61% in the first from the previous three months.
Continue reading Why Celebrity-Backed Crypto Scams are on the Rise in the UK at DailyCoin.com.
TradeSanta, an online platform for automated algorithmic trading for cryptocurrencies, integrates the popular Bybit exchange announced in a recent partnership. Users of the popular TradeSanta platform can now connect their Bybit accounts to trade for them using TradeSanta’s algorithmic trading automatically. Bybit exchange is one of the top 8 spot exchanges worldwide, serving over 6 […]
The post TradeSanta Crypto Trading Bot Integrates Bybit Exchange appeared first on NullTX.
Santander, a multinational Spanish bank, has announced that it will issue loans in Argentina secured by agricultural commodities-based cryptocurrency. Santander has teamed with Agrotoken to provide these loans to the agriculture sector. The Ethereum, Algorand, and Polygon networks will be used to build the infrastructure. How does Santander’s new collaboration work? Each token will represent […]
The Argentinian offshoot of Spanish multinational financial services company, Banco Santander, is on track to start offering a loan product to farmers with tokenized agricultural-based products. (Read More)
By now, the Dogecoin – Elon Musk relationship is solidly planted in the cryptoverse.
Continue reading Elon Musk: Mars Will Have its Own Crypto, But it’s Not Dogecoin at DailyCoin.com.
“Santa Mac” Jones gifts his entire offensive line Bitcoin for Christmas. Who are you gifting some Bitcoin to this Christmas? Covered Patriots QB Mac Jones Gifts Bitcoin To His Entire Offensive Line Patriots QB Mac Jones Gifts Bitcoin To His Entire Offensive Line The rookie quarterback for the New England Patriots, Mac Jones, is giving […]
The post Mac Jones Gifts Bitcoin To His Entire Offensive Line For Christmas appeared first on CryptosRus.
Modest bullishness arguably is what now characterizes the market after some 6% gains overnight for Bitcoin.
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