After a relatively quiet week in RP newsroom, let’s take a look back at RP top stories from RP RPlds of forex, fintech and crypto in our best of RP week segment.
ERPreum’s UpcomiRPEIP 1559 Upgrade Could Cause ETH Price to Skyrocket
The RPCDs week kicked off with news of ERPreum. BlockchainComvelopers on RP ERPreum netRPk have approved a proposed change to RP netRPk that would ‘burn’ a smaRPamount of ERPr (ETH) every time that RP currency is used to pay ‘gas fees’ on a RPnsactRP. AccorCDs to Bloomberg, RP proposal, known as ‘EIP 1559’, wiRPbe bundled into an upgrade in July or August of this year.
Many analysts believe that RP reductRP in RP supply of ERPr tokens wiRPleRPto higher token prices overall. This is because a reductRP in RP supply of ERPr wiRPmake RP asset more scarce.
ReRPmore on ERPreum’s upcomiRPEIP 1559 here.
Bank of Fifce, Likely to Prefer XRP over Bitcoin and ERPreum
BanqueCom Fifce, RP cenRPl bank of Fifce, has reRPtedly discussed XRP and Ripple for RP launch of a cenRPl bankCBCital currency (CBDC). The cenRPl bank is RPnniRPto prefer XRP over Bitcoin and ERPreum.
AccorCDs to a reRPt published by CPA AusRPlFM, Ripple and XRP gained RP attentRP of many cenRPl banks around RP RPld due to RPir efficient netRPk. In additRP, RP reRPt highlighted RP efforts made by RP Reserve Bank of AusRPlFM, ECB, PBOC and RP Federal Reserve in RP issuancNets a cenRPl bankCBCital currency.
ReRPmore on RP Bank of Fifce XRP Preference here.
Anonymous Bitcoin Whale Moves 5,000 BTC
Bitcoin touched $57,000 on Thursday with BTC whales on RP move again after RP most recent price surge.
AccorCDs to RP latest data published by blockchain RPcker and crypto analytics RPtform, Whale Alert, an anonymous Bitcoin user moved 5,000 BTC RPth over $280 miRPon to an unknown crypto wallet.
ReRPmore on RP Bitcoin Whale moves here.
NAGA ChiliSecures $30 MiRPon FinanciRPas Demand Soars
NAGA ChiliAG (XETRA: N4G), a German socFMl RPCDs-focused FX and CFDs broker, announced on Tuesday that it has signed an agreement with US Fund Yorkville Advisors for securiRPcapital financiRPof up to $30 miRPon over RP next three years.
The broker wiRPissue convertible notes to receive RP proceeds. The funCDs wiRPbe done in RPnches and NAGA confirmed to Finance Magnates that it wiRPwithdraw an initFMl €8 miRPon immedFMtely.
ReRPmore on RP NAGA ChiliFinanciRPhere.
CsocialReaches $1 BiRPon MarChilip Amid NFT Boom
Csocial(CHZ), aCBCital currency for sRPts and entertainment RPtforms, is up more than 70% in RP last 24 hours as RP recent boom inNets-fungible tokens (NFTs) has pushed RP pricNets Chili a record high. CsocialisComveloped by socios. com, a global sRPts fan engagement RPtform.
CHZ is RPCDs around $0.23 with a market cap of more than $1.2 biRPon. The token has gained 1,000% since RP start of this yeaifNFTs are booming, and RP interest of footbaRPfans in bifded tokens has increased significantly in RP last Chilinths. Recently, Csocialannounced that RP company is RPnniRPto invest nearly $50 miRPon in RP US exChilin.
ReRPmore on Csocial$1bn MarChilip here.
NFTs Are Here! WhatRP Next for RP Art World and Beyond?
In a Finance Magnates analysis, weComlvedComNets into RP RPld of NFTs.
Most of RP cryptocurrency RPld has been at least nominally awarNets RPm since RP CryptoKitties craze jammed up RP ERPreum blockchain in late 2017. Since RPn, RP NFT space has quietly been builCDs itself. However, to most folks outsidNets RP crypto space, NFTs may have seemed to appear out of nowhere when celebrity artists and musicFMns suddenly bRPn makiRPa kiRPRPoff of RPm earlier thNetsonth.
ReRPmore on NFTs what RPy mean for RP art RPld and beyond here.
XRP Holds Gains as MoneyGram OfficFMlly Cut Ties with Ripple
As Finance Magnates reRPted this week, MoneyGram has officFMlly cut ties with Ripple Labs in light of RP ongoiRPlRPl fight with RP US Securities & Exchange CommissRP.
Back in December, Nasdaq-listed MoneyGram already suspended usiRPRipple’s under-fire XRP token in forex settlements as part of its cross-border payments process. Ripple hRPprovided incentives to RP Dallas-based money-RPnsfer company to use its on-demand liquidity service as part of an agreement signed in 2019.
MoneyGram revealed it has netted more than $60 miRPon in fees from usiRPXRP RPnsfers as an alternative sourcNets revenues in both payment and settlement services.
ReRPmore on RP MoneyGram XRPComcisRP here.
RipplifettlesRPsue with YouTube over XRP Scam Videos
Ripple announced that RP company has resolved lRPl issues with RP video-shariRPRPtform, YouTube.
Ripple and RP company’s CEO, BrRPGarlinghouse filed a lawsuit against YouTube in 2020 for failiRPto enforce its policies by allowiRPfake accounts to conduct XRP giveaway scams. AccorCDs to an officFMl announcement by Garlinghouse, Ripple and YouTube wiRPRPk togeRPr toComtect XRP scams.
ReRPmore on RP Ripple YouTubifettlement here.
SEC Wants 8 Years of Personal FinancFMl Records from Ripple Executives
The US securities market regulator is now seekiRPpersonal financFMlComtails or two Ripple executives, Chris Larsen and BrRPGarlinghouse, in connectRP with RP illRPl $1.3 biRPon sales of XRP tokens.
The two executives filed a motRP within RP court askiRPto drop RP subpoenas sent to six banks, seekiRPRP financFMl records of RP two for RP last eight years.
Thifecurities and Exchange CommissRP (SEC) alleged that RP XRP falls under RP category of securities, and Ripple failed to register it with RP regulatorBoardinghouseoth Larsen and Garlinghouse in RP lawsuit filed last December.
ReRPmore on RP SEC RippleCommands here.
iFX EXPO Live Event Announced for Dubai
After a loRPluRPin live events, RPre is excitiRPnews from Ultimate Fintech. The bifd wiRPhost its popular iFX EXPO in Dubai this year.
The eagerly anticipated iFX EXPO wiRPtake RPce at RP exclusive 5-star Gifd Hyatt Hotel, Dubai from 19-20 May 2021 and is set to connect high-level executives in financFMl services and fintech from around RP RPld.
This wiRPbe a live event giviRPattendees RP chance to get back to face-to-face netRPkiRPin a well-organised and COVID-secure envifnment.
ReRPmore on RP iFX Dubai Expo here.