In a recent interview with CNBC, Garlinghouse said, "We're seeing pretty good progress despite a slow-moving judicial process. Clearly, we’re seeing good questions asked by the judge, and I think the judge realizes this is not just about Ripple, this will have broader implications, and I think that’s a very good thing. I’m hopeful that certainly in 2022, there’ll be closure here.”
SEC Open Meeting on Dec. 2 Includes Crypto Panel Discussion
The U.S. Securities and Exchange Commission, or SEC, announced Wednesday the title of the upcoming crypto panel for its Dec. 2 Investor Advisory Meeting will be “Helping to Ensure Investor Protection and Market Integrity in the Face of New Technologies.”
Largest Bitcoin Whale Accumulates $411,000,000 in BTC As Crypto Markets Consolidate
Although there has been a decline throughout the market, a crypto whale buys Bitcoin in large amounts. Since November 8, a single wallet has accumulated 6,863 Bitcoins. With an average purchase price of $60,000 per BTC, the owner has already added roughly $411 million to a large wallet.
Japan's Largest Banks Will Start Testing Digital Currency Payments in the Coming Months
Several leading Japanese banks, including MUFG, SMBC, Mizuho, and Japan Post are joining other domestic organizations to venture into the cryptocurrency space with plans to enable blockchain payments through a digital currency.
Bitcoin Has Processed More Volume Than PayPal This Year
Bitcoin has processed more dollar volume than PayPal so far this year. The peer-to-peer network transacted around $489 billion per quarter in 2021, while PayPal amounted to $302 billion. But Mastercard and Visa still process more money than Bitcoin.
One Million ETH Has Been Burned Since August
Since the introduction of the EIP-1559 protocol in August as part of the London hard fork, 1 million Ether (ETH) (over $4.24 billion) has been burned. The EIP-1559 protocol reformed the Ethereum fee market, modifying the limit for gas fees and introducing a burning feature that takes a portion of transaction fees on the blockchain out of circulation, to be canceled permanently.
Decentraland Exceeds 10% of Facebook's Budget As Nvidia Joins the Metaverse Race
The most advanced metaverse version of Ethereum, where you can play games, organize events, or trade NFT, Decentraland, has exceeded the $1 billion budget to invest on its platforms. An early backer of Decentraland, Barry Silbert said, "With MANA now over $5, there is $1 billion available to build the decentralized metaverse."
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