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Ripple’s XRP token climbed to a new all-time high of $3.65 on July 18. The popular crypto hit a new peak after more than seven years. XRP’s price has fallen by more than 20% from its recent high. According to CoinGecko data, XRP is down 11% over the last week, 2.8% in the 14-day charts, and 16% over the previous month. Despite the correction, the asset has gained 0.7% in the past 24 hours and 387.7% since August 2024. Source: CoinGecko Will XRP Hit a New All-Time High After a Rate Cut in September? According to the CME FedWatch tool, there is an 81.2% chance that the Federal Reserve will cut interest rates by 25 basis points in September. A rate cut will likely lead to a surge in risky investments. Such a development could cause XRP’s price to surge. Source: CME While there is a high likelihood of an interest rate cut next month, it should be noted that the odds of a rate cut on CME’s FedWatch platform have significantly dipped over the last few days. The chances...

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Federal Reserve Vice Chair for Supervision Michelle Bowman said Fed staff should be allowed to hold small amounts of cryptocurrency to gain firsthand experience with blockchain technology. Speaking at a blockchain event in Wyoming, Bowman argued that the central bank should consider letting employees own “minimal amounts of digital assets” to gain a better understanding of how it works. She stressed that direct participation is the best way to understand how ownership and transfers function on the blockchain “There’s no replacement for experimenting and understanding how that ownership and transfer process flows,” Bowman said. “I certainly wouldn’t trust someone to teach me to ski if they’d never put on skis, regardless of how many books and articles they have read, or even wrote, about it.” She didn’t say what types of products or what amounts she would suggest the Fed should allow. Fed Staff, Spouses Not Allowed To Own C...

The Federal Reserve recently announced that it is formally abolishing its "new activities" regulatory program specifically targeting banks' crypto and fintech activities. The Fed stated that, due to its growing understanding of the associated risks, it will incorporate these emerging businesses into its regular banking regulatory framework. This move signals the gradual acceptance of cryptocurrencies into the mainstream financial system, and the market's move towards a more mature and stable stage of development. As a leading global cloud mining platform, OurCryptoMiner has always adhered to the principle of "stable returns, not speculation." The Federal Reserve's decision confirms that cryptocurrencies are transitioning from high-risk assets to a legitimate, trusted asset class, providing confidence to investors seeking stable returns. OurCryptoMiner is an ideal choice for this trend. Users can earn consistent daily returns through our secure and t...

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BTCS announced on Monday that the publicly-listed company will pay shareholders a dividend of $0.05 in Ethereum (ETH). Shareholders will receive a one-time blockchain dividend christened “Bividend” by the company. In addition, BTCS will offer a one-time $0.35 per share Ethereum loyalty payment to shareholders under the condition that they move their shares to book entry with their transfer agent. Also Read: The World Is Selling the Dollar At Record Pace The total dividend from BTCS would come up to $0.40 per share in Ethereum for eligible shareholders. These payments are designed to reward shareholders for their long-term holdings and reduce the impact of short-sellers in the market. This would allow traders to hold both stocks and Ethereum cryptocurrency via the dividend from the company. BTCS To Pay Dividend to Investors in Ethereum Source: BTCS This is a first-of-a-kind offering where a publicly-listed company is offering dividends in the Ethereum cryptocurrency. BTCS is a leading ...

Norway’s Norges Bank, the world’s largest sovereign wealth fund with $1.7 trillion in assets, has boosted its Bitcoin holdings by almost 84% in the second quarter, mainly by buying shares in Michael Saylor’s Strategy and Japan-based Metaplanet. That’s according to Standard Chartered, which says Norges Bank raised its total indirect holdings to 11,400 BTC from 6,200 BTC during the period. Standard Chartered’s head of digital asset research Geoffrey Kendrick described the surge as a “proactive position,” reflecting a broader trend of sovereign wealth funds and government entities boosting indirect Bitcoin exposure via treasury-focused firms. Kendrick reached his conclusions by analyzing 13F filings with the US Securities and Exchange Commission (SEC) by companies with holdings in BTC ETFs (exchange-traded funds), Strategy, and Metaplanet.  Kendrick recently raised his year-end BTC target to $200K, aligning with Canary Capital CEO Steven M...

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Wellgistics Health Inc (NASDAQ: WGRX), the leading independent pharmacy distributor, announced on Wednesday the launch of an XRP payment program for pharmacies across the US. The new program will enable pharmacies to make payments leveraging blockchain technology in collaboration with Ripple Labs. The medical pharmacy industry usually takes days to settle invoices through the traditional method of bank transfers. With the help of blockchain technology, Ripple will power Wellgistics Health to settle payments in seconds through XRP transfers. Ripple will handle onboarding, transactions, and reporting, making payments faster with lower transactional fees. Wellgistics Health serves over 6,500 independent pharmacies under its wing, with an additional 200 medicine manufacturers. Also Read: $29 XRP Price Possible? Here’s When It Could Get There “Independent pharmacy owners are far more forward-thinking than many realize,” said Brian Norton, CEO of Wellgistics Health. “They s...

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