Ripple case judge Sarah Netburn previously ruled on the SEC to share documents related to BTC, ETH and XRP with Ripple. Later, Ripple submitted a request that the SEC should stop supporting foreigners and share the communications they have made with foreign regulators. However, Netburn rejected Ripple's request, and ruled that SEC should submit the said documents within 14 days.
National Bank of Egypt Partners with Ripple
National Bank of Egypt has announced that it partners with RippleNet in order to create a cross-border payment corridor with the United Arabian Emirates.
95% of Bitcoin’s Hashrate Signals for Taproot
95% of Bitcoin's hashrate has already started to give signal for the Taproot upgrade scheduled for November. While the signal of the miners shows its support to the community and helps to coordinate the upgrade, the last decision about the future of Bitcoin is up to the users.
Bitcoin Dominance Hits 3-Year Low
Bitcoin market dominance which continues to decline after the recent decline in the market, hit 39.66, the lowest level since the week of May 14, 2018 and in the morning hours, it has risen again to 44.83 level.
Spain Issue a Directive Approving Institutional Crypto Investment
The Spanish National Securities Market Commission (CNMV) has announced a directive approving institutional crypto investment under certain conditions. This directive will allow Spain-based investment funds to make their daily trading with crypto assets. However, the fund managers under the regulation should always provide necessary and clear warnings for cryptocurrencies to protect the consumer.
Valor Launches Cardano and Polkadot ETPs
Swiss-Based Asset Management Company Valor will launch Cardano and Polkadot based exchange traded products (ETPs).
MicroStrategy Buys 229 Bitcoins
MicroStrategy announced that it has bought 229 new Bitcoins worth about $10 million at an average price of $43,663 per BTC. With this latest purchase, MicroStrategy has 92,079 BTCs worth about $2,251 billion.
Iranian Fintech Firms Asks for a Regulation
Iranian cryptocurrency exchanges have made statements against the government attempts to block the operations of crypto exchanges. Stating that crypto trading is not illegal, Fintech firms called on lawmakers and regulators to implement regulations that would benefit from this ecosystem.
Environmental Concerns about Bitcoin Are Misguided, says Ark Invest
Investment management company Ark Invest states that concerns about Bitcoin's environmental impacts are misguided. According to Ark Invest's report, the impact of Bitcoin mining could even be positive and that while renewable energies could only meet 40% of the grid needs except mining, it could meet 99% of mining-related commercial subsidies.
Justin Sun Buys BTC and ETH
TRON’s Founder Justin Sun has announced on his Twitter account that he bought 4,145 BTCs at an average price of $36,868, and 54,153 ETHs at an average price of $2,509. Justin Sun invested in total about $153 million in BTC and about $135 million in ETH.
Kimchi Premium Is Back
The Bank of America report reveals that South Korea uses “Kimchi Premium” to curb cross-border flows of hot money. Bitcoin has a remarkable premium over international prices and is trading about $4,000 higher in South Korea.
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