Cash News
9h11 ▪
3
min read ▪ by
Between groundbreaking announcements, technological developments, and regulatory turbulence, the crypto ecosystem continues to prove itself as both a limitless innovation territory and a battleground for regulatory and economic challenges. Here is a summary of the most notable news of the past week around Bitcoin, Ethereum, Binance, Solana, and Ripple.
Louisiana Accepts Bitcoin for Public Payments
The state of Louisiana becomes a pioneer in the United States by officially accepting Bitcoin and other cryptocurrencies for public service payments. This initiative, aimed at offering more flexibility to citizens in their interactions with the administration, marks a turning point in crypto adoption. By allowing residents to pay their taxes and administrative services with cryptos, Louisiana hopes to attract a young and tech-savvy population. This decision could influence other American states and governments worldwide to integrate cryptos into their economic systems, reinforcing their legitimacy and paving the way for clearer regulation.
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A Mysterious XRP Transfer Shakes the Market
Ripple co-founder Chris Larsen made a surprising transfer of 50 million XRP (about $29 million) from his personal wallet on September 18, 2024, to an unknown address. This transfer, revealed by Whale Alert, was followed by a 4% increase in the price of XRP, reaching $0.5845 and triggering a 14.1% rise in trading volumes. This transaction, representing about 10% of his XRP holdings, raised concerns about a potential massive sale. Furthermore, this move coincides with Larsen’s political support for Kamala Harris, fueling speculations about a possible political donation. This gesture also comes in a transformative context for XRP, with initiatives like the Grayscale XRP Trust aimed at attracting institutional investors.
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Play Solana Gen1: The First Web3 Gaming Console on Solana
Play Solana launches the PSG1, the first portable Web3 console, fully built on the Solana blockchain. With this innovative console, players can enjoy a smooth and secure gaming experience while leveraging the benefits of cryptocurrencies for fast and low-cost transactions. Holders of the exclusive
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A graduate of Sciences Po Toulouse and holder of a blockchain consultant certification issued by Alyra, I joined the Cointribune adventure in 2019. Convinced of the potential of blockchain to transform many sectors of the economy, I made a commitment to raise awareness and inform the general public about this constantly evolving ecosystem. My goal is to enable everyone to better understand blockchain and seize the opportunities it offers. I strive every day to provide an objective analysis of current events, decipher market trends, relay the latest technological innovations and put into perspective the economic and societal challenges of this ongoing revolution.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.