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Ripple Adopts USDT for ODL Services in the U.S. Amid Regulatory Compliance

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Ripple, the prominent blockchain payments company, has transitioned its On-Demand Liquidity (ODL) services for U.S. clients from its native XRP token to Tether’s USDT stablecoin. This strategic pivot follows a pivotal court decision that declared the institutional sales of XRP tokens a violation of U.S. securities laws. In response to the legal constraints, Ripple has recalibrated its business operations by partnering with entities outside the U.S. to manage XRP sales to its ODL clientele. This realignment facilitates U.S. clients to employ USDT as a bridge currency in their transactions, thus ensuring compliance and continuity in services. Monica Long, President of Ripple, has been proactive in adhering to these regulatory demands, as noted by Moon Lambo, a prominent XRP-focused YouTuber. According to Moon Lambo, Ripple's s Read more about Ripple Adopts USDT for ODL Services in the U.S. Amid Regulatory Compliance #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulation
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Stripe Revives Cryptocurrency Payments, Focuses on USDC Integration

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At the recent Global Internet Economy conference, Stripe disclosed its plans to reintroduce cryptocurrency payments. The announcement came during the event's climax, in a keynote titled "The Future of Payments," delivered by Stripe's President, John Collison. Collison revisited Stripe's historical engagement with cryptocurrencies, noting that their journey with digital currencies began years ago. He recalled the company's initial foray into supporting Bitcoin in 2018, which was eventually phased out due to its limited adoption. With renewed vigor, Collison shared the company's enthusiasm for reintegrating cryptocurrency payments, specifying that this time, the focus would solely be on the Circle’s USDC stablecoin to ensure an enhanced payment experience. The revival of crypto payments at Stripe is driven by the tangible i Read more about Stripe Revives Cryptocurrency Payments, Focuses on USDC Integration #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #N
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Upcoming economic events 26 April 2024

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Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious01:302 pointsPPI (YoY) (Q1)---------4.1%01:302 pointsPPI (QoQ) (Q1)---------0.9%02:302 pointsBoJ Monetary Policy Statement------------------02:302 pointsBoJ Outlook Report (YoY)  ------------------03:003 pointsBoJ Interest Rate Decision0.10%0.10%06:302 pointsBoJ Press Conference  ------------------08:002 pointsECB's De Guindos Speaks------------------12:303 pointsCore PCE Price Index (YoY) (Mar)2.6%2.8%12:303 pointsCore PCE Price Index (MoM) (Mar)0.3%0.3%12:302 pointsPCE Price index (YoY) (Mar)2.6%2.5%12:302 pointsPCE price index (MoM) (Mar)0.3%0.3%12:302 pointsPersonal Spending (MoM) (Mar)0.6%0.8%14:002 pointsMichigan 1-Year Inflation Expectations (Apr)3.1%3.1%14:002 pointsMichigan 5-Year Inflation Expectations (Apr)3.0%3.0%14:002 pointsMichigan Consumer Expectations (Ap Read more about Upcoming economic events 26 April 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS
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BlackRock's IBIT ETF Observes No New Inflows for the First Time Since Launch

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The BlackRock iShares Bitcoin Trust (IBIT), a pioneering figure in the U.S. Bitcoin ETF landscape, has recorded its inaugural day without new inflows since the advent of these funds in the United States this past January. Despite a robust beginning with continuous daily inflows amassing approximately $15.5 billion within the first 71 days, April 24 marked a notable shift as IBIT logged zero new investments. This stagnation in inflows was not isolated to BlackRock. The U.S. Bitcoin ETF market, comprising 11 registered funds, saw minimal activity with only the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) registering inflows of $5.6 million and $4.2 million, respectively. Conversely, the Grayscale Bitcoin Trust ETF (GBTC) reported significant outflows, losing $130.4 million on the same day, netting a Read more about BlackRock's IBIT ETF Observes No New Inflows for the First Time Since Launch #Bitcoin, #BitcoinETF, #BTC, #BTCETF, #Cryptocurrency, #Crypto
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TON Blockchain Announces Substantial Cuts to Transaction Fees

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The development team behind the TON blockchain has officially declared a notable reduction in transaction fees by 2.5 times across its network. This strategic move aims to enhance the blockchain's efficiency and user affordability. Detailed in the announcement, transaction fees within the TON network will now be dynamically adjusted based on the dollar value of its native token, Toncoin. Initially, the cost for the first transaction using Jettons is set at approximately $0.06, with subsequent transactions costing around $0.04. Furthermore, a specific reduction has been applied to transactions involving the USDT stablecoin, commencing April 16. The revised fee structure offers a reduced rate of 0.02 TON for the first transaction, down from 0.032 TON, and 0.0145 TON for subsequent transactions, promoting more frequent use of this Read more about TON Blockchain Announces Substantial Cuts to Transaction Fees #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #TON, #
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Upcoming economic events 25 April 2024

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Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious07:002 pointsECB's Schnabel Speaks------------------08:002 pointsECB Economic Bulletin  ------------------12:302 pointsContinuing Jobless Claims1,810K1,812K12:302 pointsGDP (QoQ) (Q1)  2.5%3.4%12:302 pointsGDP Price Index (QoQ) (Q1)3.0%1.7%12:302 pointsGoods Trade Balance (Mar)  -91.10B-91.84B12:302 pointsInitial Jobless Claims214K212K12:302 pointsRetail Inventories Ex Auto (Mar)  ---------0.4%14:002 pointsPending Home Sales (MoM) (Mar)0.3%1.6%17:002 points7-Year Note Auction---------4.185%20:302 pointsFed's Balance Sheet---------7,406B23:302 pointsTokyo Core CPI (YoY) (Apr)2.2%2.4% Read more about Upcoming economic events 25 April 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS
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SEC Postpones Decision on Grayscale's Ethereum ETF Application

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The U.S. Securities and Exchange Commission (SEC) has postponed its decision regarding Grayscale's application to transform its Ethereum Trust into a spot Ethereum ETF. The regulatory authority has set a new decision deadline for June 23, as it requires additional time to review the proposal and address concerns highlighted in the amended application. In a detailed statement, the SEC expressed the necessity for an extended period to adequately assess the rule change proposal and its implications, as outlined in Amendment No. 1. This amendment is critical as it pertains to allowing U.S. national securities exchanges to list and trade this new type of ETF. Grayscale initially filed a Form 19b-4 with NYSE Arca in October, seeking to convert its existing Ethereum Trust (ETHE) into a spot ETF. This filing follows the successful Read more about SEC Postpones Decision on Grayscale's Ethereum ETF Application #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETH, #EthEtf, #Ethereum, #E
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Surge in Scams Targeting Toncoin Investors Amidst Growing Blockchain Interest

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Cybersecurity leader Kaspersky has documented a marked increase in fraudulent activities aimed at holders of Toncoin, the native cryptocurrency of The Open Network (TON). This upsurge in scams coincides with heightened interest in the TON blockchain, notably since Telegram, the popular messaging service, enhanced its support for TON. From November 2023, a notable rise in deceptive schemes ensnaring Toncoin investors has been observed. These fraudsters typically entice victims via a Telegram bot purporting to be a secure cryptocurrency storage solution. Users are misled into linking their Web3 wallets to the bot, which subsequently coerces them into purchasing so-called "boosters" under the guise of facilitating earnings. Unfortunately, such purchases result in the irreversible loss of control over their digital assets. The Read more about Surge in Scams Targeting Toncoin Investors Amidst Growing Blockchain Interest #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Reg
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