Author: CryptooTimes

BTC crossed $71,000 early Wednesday after spot bitcoin ETFs had their best day of inflows since March. Bitcoin has risen about 3% in the last 24 hours, while the CoinDesk 20 Index (CD20), representing a broad measurement of the digital asset market, is up around 2.8%. Bitcoin peaked at $71,341 at the start of the European morning, its highest since May 21. It subsequently pulled back to trade around $70,900. Nevertheless, BTC is showing a green candle for the fifth consecutive day, its longest such stretch since March. Source link

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CoinDesk held its annual Consensus conference in Austin, Texas last week, where we heard from lawmakers and regulators, developers, company execs and all sorts of other people in and around this sector. One topic of discussion: the Financial Innovation and Technology for the 21st Century Act. Its passage through the House sent a surge of excitement through the crypto industry as a sign of progress, even if it’s not likely to become law just yet. Source link

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Cross-border payments startup XREX has raised $18.75 million from Tether to expand use cases for USDT-based payments in emerging markets. XREX, a cross-border crypto exchange platform founded by Wayne Huang and Winston Hsiao, has raised nearly $19 million from Tether, the issuer of the USDT stablecoin, to double down on stablecoin cross-border business-to-business (B2B) payments in emerging markets. According to a press release on Jun. 5, the Taipei-headquartered firm plans to use $18.75 million to facilitate “compliant, USDT-based cross-border B2B payments in emerging markets, revolutionizing financial transactions by offering businesses greater ease, efficiency, and potentially lower costs.” Under the agreement,…

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Top experts predict XRP could reach $0.611 amid Ripple CEO’s bold ETF forecast, while Rebel Satoshi’s RECQ coin eyes a 184% presale price surge. Brad Garlinghouse’s recent comments about XRP ETFs have triggered a buzz amid its crypto regulation troubles. As investors scrutinize these developments, they wonder if top memecoins like Rebel Satoshi’s RECQ might see a surge soon. Let’s explore the details to understand the underlying dynamics and evaluate Rebel Satoshi’s potential against XRP. Garlinghouse’s bold prediction for…

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