17 Views· 04/24/24· Crypto News

XRP Banks Investigated & Blackrock Chooses


Jim Watts
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Ripple Labs disputes the SEC's claims and the hefty fines proposed. They argue that the SEC's lawsuit is an intimidation tactic and that XRP sales did not violate securities laws. Ripple is seeking a much lower penalty than the $2 billion requested by the SEC.

The Bitcoin halving cuts the block reward for miners in half, which can affect their profitability in two ways:
* Reduced income: Miners receive fewer bitcoins for their work, potentially making it difficult to cover operational costs, especially for less efficient miners.
* Increased competition: As the reward shrinks, miners may need to invest in more powerful hardware to stay competitive, driving up costs.
However, the halving can also have a positive impact on Bitcoin's price in the long term by:
* Scarcity: By reducing the supply of new bitcoins entering circulation, the halving can increase Bitcoin's scarcity, which could theoretically lead to price appreciation.
* Market cycles: Historically, Bitcoin's price has risen significantly after halving events, although there's no guarantee this pattern will hold.
It's important to remember that the halving's impact on miners and price can be complex and influenced by various market factors.

The HBAR Foundation and BlackRock are collaborating through Archax, a digital asset exchange and custodian. Archax is tokenizing shares of BlackRock's ICS US Treasury money market fund on the Hedera network. This allows for easier trading and fractional ownership of the fund's shares. It also represents a significant step toward integrating traditional finance with blockchain technology.
0:00 XRP
5:53 XRP article 2
12:35 XRP article 3
15:54 Bank probe
21:38 Cardano
26:57 Africa
31:01 BTC
33:45 Bitcoin article 2
36:20 Hedera & blackrock

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