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SHIB PAYMENTS EXPAND TO NFT MARKETPLACES, XRP SCORES NEW LISTING, SHIB LEAD DEV
MAY HINT AT NEW SHIBARIUM LAUNCH DATE: CRYPTO NEWS DIGEST BY U.TODAY

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News
Wed, 02/15/2023 - 16:02

Valeria Blokhina
What happened in the crypto industry over the past day? Read U.Today’s news
digest to find out!

Cover image via stock.adobe.com
Read U.TODAY on
Google News
Contents
 * Shiba Inu (SHIB) payments expand to NFT marketplaces, 40 countries via these
   integrations
 * New XRP listing announced by Japanese crypto platform
 * Shibarium launch: "Things coming way before May": Shythoshi Kusama
 * 450 million XRP moved by Ripple, here's why it may be a sale



Don’t miss anything in the world of crypto with U.Today’s top four crypto news
stories over the past day.


SHIBA INU (SHIB) PAYMENTS EXPAND TO NFT MARKETPLACES, 40 COUNTRIES VIA THESE
INTEGRATIONS



NOWPayment, a crypto payment gateway, has recently announced that it enabled
payments in SHIB on NFT marketplaces. It became possible thanks to the
"Custodial Recurring Payments" tool that allows any marketplace to create
billing accounts for its clients, which they can fund with SHIB. Meanwhile,
Wirex, a leading crypto payments platform that added SHIB in March 2022, will
now be able to directly issue crypto-enabled debit and prepaid cards in over 40
countries. According to the company’s statement, it established a partnership
with Visa to expand its footprint in the United Kingdom and Asia-Pacific (APAC).


NEW XRP LISTING ANNOUNCED BY JAPANESE CRYPTO PLATFORM

XRP enthusiasts are celebrating another act of adoption of their beloved coin as
it was listed by Japanese company FuelHash. The list of other assets supported
by the platform includes USDC, USDT, BTC, ETH, ETC and BNB. FuelHash was founded
in March 2021 by Katsuya Konno, a former Softbank executive and Japanese Bitfury
representative. The company wrote in its press release: "Among the
cryptocurrency lending services in Japan, it is the only open-type provider
handling XRP." In other news, New York-based digital money platform Uphold has
announced cashback for XRP users. As stated in Uphold’s Twitter announcement,
U.K. clients can earn up to £50 per month in XRP on spending with the Uphold
card.


SHIBARIUM LAUNCH: "THINGS COMING WAY BEFORE MAY": SHYTHOSHI KUSAMA

A recently shared Telegram message of SHIB lead dev Shytoshi Kusama has ignited
new rumors about the potential date of the Shibarium launch. Twitter user and
SHIB fan KURO SHIBARMY JPN (@kuro_9696_9696) provided a screenshot showing
Kusama’s message, stating: "Things are coming way before May." Per the user’s
suggestions, this was said about the long-awaited release of the Shibarium
Layer-2 solution. Besides, another SHIB-supporting account, SUNSHINE 柴犬
(@sunshineSHIB), shared another screenshot from a Telegram chat of Kusama with
his devs. In this chat, the SHIB lead dev confirms that the release  is "coming
soon" and says that he himself is tired of "keeping quiet."

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Related
223 Billion Shiba Inu Acquired as Lead SHIB Developer Raises His Head About
Shibarium




450 MILLION XRP MOVED BY RIPPLE, HERE'S WHY IT MAY BE A SALE

Data provided by Whale Alert service shows that yesterday Ripple fintech company
moved a massive amount of XRP. The three spotted transfers carried about 150
million XRP each, totaling 450 million XRP ($166.3 million in fiat equivalent).
According to Bithomp, all three transactions were made by Ripple Labs, which
moved the funds to three other Ripple wallets. Two lumps of 131 million XRP from
these transactions were immediately sent to U.S.-based Bittrex exchange. Ripple
frequently transfers some of its XRP tokens to crypto exchanges in order to
support the token's liquidity or to convert some of its XRP to fiat for covering
its operational expenses.

#Shiba Inu (SHIB) News #XRP #Ripple News #Shibarium
About the author
Valeria Blokhina




Valeria is the community manager at U.Today. She is a crypto enthusiast and
believes that cryptocurrency is the future of finance. Currently, Valeria covers
the latest news in the world of crypto and blockchain.

 



Bitcoin Outperforms NASDAQ, S&P 500, Dow Jones, and Gold Combined
03/07/2023 - 07:01
Bitcoin Outperforms NASDAQ, S&P 500, Dow Jones, and Gold Combined
Alex Dovbnya
Ripple’s Legal Battle with SEC Continues with Latest Ruling from Judge
03/07/2023 - 05:45
Ripple’s Legal Battle with SEC Continues with Latest Ruling from Judge
Alex Dovbnya

Former SEC Attorney Warns Binance Will Face “Inevitable” Bank Run
03/06/2023 - 20:07
Former SEC Attorney Warns Binance Will Face “Inevitable” Bank Run
Alex Dovbnya


BITCOIN OUTPERFORMS NASDAQ, S&P 500, DOW JONES, AND GOLD COMBINED

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News
Tue, 03/07/2023 - 07:01

Alex Dovbnya
Bitcoin has surpassed the NASDAQ, S&P 500, Dow Jones, and gold combined in terms
of year-to-date return

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Read U.TODAY on
Google News

Bitcoin, the flagship cryptocurrency, has outperformed the tech-heavy NASDAQ as
well as the S&P 500 and Dow Jones indices, according to data from MarketWatch.


Image by @MarketRebels

As of March 6, Bitcoin's year-to-date return stood at 32.23%, far exceeding the
performance of the major stock indices and gold.

The NASDAQ Composite gained 12.41%, the S&P 500 rose 5.86%, and the Dow Jones
edged up by 0.12% this year.

Meanwhile, gold had a YTD return of only 1.17%, greatly underperforming
Bitcoin. 

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Bitcoin and other cryptocurrencies remained relatively unchanged on Monday,
holding at their lowest levels since early February.

The recent sluggish performance of the bellwether cryptocurrency is linked
to concerns about growing regulatory pressure. 

The recent implosion of crypto-friendly bank Silvergate Capital has raised fears
that crypto businesses may struggle to access banking services in the US.

Additionally, increasing investor concern about inflation and interest rates may
also be influencing demand for digital assets.

Technical analysis shows that the "death cross" phenomenon is occurring in
Bitcoin's chart, which could indicate a bearish outlook for the near term.

The stock market had a mixed day on March 6. The stock market is currently
awaiting Federal Reserve Chair Jerome Powell's congressional testimony on
monetary policy, which is expected to guide investors and lawmakers on how the
central bank is thinking about inflation and its rate-hiking campaign.

Gold, which is often seen as a safe-haven asset, had a weekly gain of around
0.54% as of March 6. 

#Bitcoin News #Gold Price
About the author
Alex Dovbnya




Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist
with extensive experience of covering everything related to the burgeoning
industry — from price analysis to Blockchain disruption. Alex authored more than
1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s
particularly interested in regulatory trends around the globe that are shaping
the future of digital assets, can be contacted at alex.dovbnya@u.today.




RIPPLE’S LEGAL BATTLE WITH SEC CONTINUES WITH LATEST RULING FROM JUDGE

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News
Tue, 03/07/2023 - 05:45

Alex Dovbnya
The ongoing legal dispute between Ripple Labs and the US Securities and Exchange
Commission (SEC) has taken a new turn after a court ruling excluded the SEC's
key expert witness from testifying

Cover image via www.freepik.com
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The ongoing legal battle between the US Securities and Exchange Commission (SEC)
and Ripple Labs continues with a new court ruling.



The court has now ruled on the parties' motions to preclude expert testimony
from consideration at summary judgment and trial. 

In the ruling, Judge Analisa Torres granted some of the motions and denied
others, with neither the plaintiff nor the defendants gaining the upper hand. 

However, one of the key outcomes of the ruling was the exclusion of Expert No.
1, Patrick Doody, from testifying about the perceptions of a reasonable XRP
purchaser.

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It is worth noting that the SEC had previously hired Doody to analyze the
expectations of token purchasers, but the judge has now granted Ripple's motion
to exclude his testimony.



Related
Former SEC Attorney Warns Binance Will Face “Inevitable” Bank Run
The exclusion of Doody's testimony has implications for the SEC's case, as the
agency has to prove that investors had a reasonable expectation of profits from
Ripple's efforts. Without Doody's testimony, it is unclear how the SEC will
prove "reasonable" reliance.



Scott Chamberlain, a lawyer with Seward & Kissel, commented on the ruling on
Twitter, stating that neither side got everything they wanted due to the lack of
impeccable arguments. However, Chamberlain praised Judge Torres for being
"sharp, rigorous, and utterly impartial."

Jeremy Hogan, an attorney who has been following the Ripple case closely, also
took to Twitter to express his thoughts on the ruling. Hogan noted that the
SEC's only expert witness on the subject of "reasonable" expectation of profits
had been struck down, leaving the agency in a difficult position.

The exclusion of Doody's testimony is a setback for the SEC, but the agency is
expected to continue pursuing its case against Ripple and its leaders.

The SEC filed a lawsuit against Ripple and its senior leaders, Brad Garlinghouse
and Chris Larsen, accusing them of illegally selling securities in violation of
U.S. securities laws.  

As reported by U.Today, Brad Garlinghouse fully expects the lawsuit to be
decided this year. 

#Ripple News
About the author
Alex Dovbnya




Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist
with extensive experience of covering everything related to the burgeoning
industry — from price analysis to Blockchain disruption. Alex authored more than
1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s
particularly interested in regulatory trends around the globe that are shaping
the future of digital assets, can be contacted at alex.dovbnya@u.today.




FORMER SEC ATTORNEY WARNS BINANCE WILL FACE “INEVITABLE” BANK RUN

Facebook Twitter Telegram Copy URL
News
Mon, 03/06/2023 - 20:07

Alex Dovbnya
Former SEC attorney John Reed Stark has warned that Binance, the world's largest
cryptocurrency exchange, could face an "epic bank run" due to its lack of US
regulatory oversight

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Read U.TODAY on
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Binance, one of the world's largest cryptocurrency exchanges, may face an "epic
bank run," according to John Reed Stark, a former attorney for the US Securities
and Exchange Commission (SEC).



In a tweet posted on March 6, Stark called Binance a "shadow bank" that mints
its own counterfeit currency while providing a range of financial services with
no US regulatory oversight or audit.

Stark's comments come amid growing concerns from US lawmakers over Binance's
operations.

In a recent letter, U.S. Senators, including progressive Democrat  Elizabeth
Warren, called for the company to hand over its records, citing money laundering
and other threats. Binance has denied any wrongdoing and claimed innocence in
response to the Senators' concerns.

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Now, Stark believes that a bank run is inevitable, and the consequences for
investors could be devastating. He noted that, unlike a traditional bank,
Binance is not subject to the same regulations and does not hold deposits in the
same way. Once withdrawals are suspended, Stark warned, customers would be cut
off, and they could become unsecured creditors.



Related
Twitter Chaos: Dogecoin Enthusiast Musk's Social Media Platform Faces Major
Outage
Stark pointed to previous cases such as FTX, Celsius, Blockfi, and Voyager,
where investors suffered significant losses.



While Brady Dale, a journalist who commented on Stark's tweet, argued that
Binance is behaving more like an exchange than a bank, Stark disagreed, stating
that a collapse at Binance could have "devastating investor carnage."

"In order for exchanges to run properly, they need mandated oversight, audit,
inspection, insurance, net capital limits, commingling rules, licensure of
individuals, and a vast array of critical regulatory protections," Stark said.  

The cryptocurrency giant has previously defended its operations and claimed to
be committed to compliance with all relevant regulations.


About the author
Alex Dovbnya




Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist
with extensive experience of covering everything related to the burgeoning
industry — from price analysis to Blockchain disruption. Alex authored more than
1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s
particularly interested in regulatory trends around the globe that are shaping
the future of digital assets, can be contacted at alex.dovbnya@u.today.



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 * News
   * Bitcoin (BTC) News
   * Ethereum (ETH) News
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   * Shiba Inu (SHIB) News
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   * Meme Cryptocurrencies
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   * Scam Alert
 * Stories
   * Interviews
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   * Reviews
 * Price Analysis
   * Bitcoin (BTC) Price Analysis
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   * XRP Price Analysis
   * Cardano (ADA) Price Analysis
   * Dogecoin (DOGE) Price Analysis
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