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Latest Crypto Updates: Market, XRP, Cardano, Taxation, and More

HUGE RIPPLE XRP NEWS? OR IS THIS NOT WHAT IT SEEMS?
HUGE RIPPLE XRP NEWS? OR IS THIS NOT WHAT IT SEEMS?

The crypto market is constantly evolving, and there are always new updates to keep up with. In this article, we will discuss some of the latest news and developments in the crypto space, including market updates, XRP news, Cardano’s potential, and crypto taxation proposals.

Market Update

The global crypto market cap is currently around $1.05 trillion, with Bitcoin trading at $26,027. The market has been volatile in recent weeks, but it is still up significantly from its lows of earlier this year.

XRP News

There has been a lot of speculation about XRP being relisted on Robinhood. The popular trading platform delisted XRP in January 2021, but there have been rumors that it could be relisted soon. Additionally, there is some news that Western Union is considering using Ripple’s technology for cross-border payments.

XRP Potential

Ben Armstrong, a popular crypto YouTuber, has recently become bullish on XRP. He believes that XRP has the potential to be a leading player in the cross-border payments market. Armstrong also points to XRP’s technical strengths, such as its scalability and speed.

Cardano’s Ambition

Cardano is a newer blockchain project that has been gaining a lot of attention lately. The project’s founder, Charles Hoskinson, has ambitious plans for Cardano. He believes that Cardano’s ADA token could surpass both Bitcoin and Ethereum in terms of market capitalization. Hoskinson attributes ADA’s potential to its superior technology, security, cost-effectiveness, and speed.

Coinbase Changes

Coinbase, one of the largest cryptocurrency exchanges, plans to suspend trading of several crypto assets in September. These assets include BOND, DDX, JUP, and more. Coinbase has not yet released a reason for the suspension, but it is likely due to regulatory concerns.

Crypto Taxation

The US Treasury Department is proposing new crypto tax rules. These rules would require crypto investors to report all of their crypto transactions to the IRS. The rules would also impose new taxes on crypto profits. The proposed rules are still in the early stages, but they could have a significant impact on the crypto market.

MoonPay Integration

MoonPay, a crypto payments processor, has integrated with Binance.US. This integration will allow Binance.US users to purchase USDT with various payment methods, such as credit cards and bank transfers. The integration is a major step forward for the adoption of crypto in the United States.

Cheeky Crypto Stake Pool

The podcast hosts, Chris and Nick, operate a Cardano stake pool called CHEEK. They invite listeners to stake their ADA with them to support Cardano’s potential growth. Staking is a way to earn rewards for securing the Cardano network.

This article has covered some of the latest news and developments in the crypto space. For more information, please visit the following websites:

I hope this article was informative and helpful. If you have any questions, please feel free to ask.

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