Tuesday, March 18, 2025

XRP Not Likely a Challenge to Bitcoin, Despite Ripple’s $10 Billion Valuation

Blockchain start-up and XRP proponent Ripple says it’s raised a $200 million investment round, lifting its valuation to $10 billion. Despite this move, critics worry whether Ripple and its XRP digital currency have a future in the space when up against CBDCs, stable coins, and XRP’s biggest competitor, Bitcoin. Ripple

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Japan’s Top Credit Card Issuer JCB to Apply DLT in Its $10T B2B Market

Japan’s top credit card issuer JCB plans to adopt a new business-to-business (B2B) payment solution based on blockchain technology.JCB has signed a Memorandum of Understanding (MoU) with blockchain-based commercial payments platform Paystand to develop a digital payment platform for enterprises and customers in Japan, CryptoX Japan reports Dec. 20.Initiative

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CipherTrace to Tackle ‘Modern-Day Slavery’ With Crypto Analytics

Blockchain security firm CipherTrace has partnered with the Anti-Human Trafficking Intelligence Initiative (ATII) to track cryptocurrency transactions from suspected traffickers.Announced Friday, CipherTrace has provided ATII with access to its user interface, a tool that will allow the organization to track criminal cryptocurrency transactions and help prevent them from accessing financial

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US Lawmakers Ask IRS to Clarify Crypto Tax Rules Around Airdrops, Forks in New Letter

The U.S. taxman's most recent crypto guidance is sowing confusion, according to a letter from eight congressmen published Friday.According to a letter penned by Representatives Tom Emmer (R-Minn.), Bill Foster (D-Ill.), David Schweikert (r-Ariz.), Darren Soto (D-Fla.), Lance Gooden (R-Texas), French Hill (R-Ark.), Matt Gaetz (R-Fla.) and Warren Davidson (R-Ohio),

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