U.Today presents the three main news stories of the past day. Take a closer look at the world of crypto!
XRP Adoption: Central Bank of Ireland Officially Endorses Ripple
As recently announced on the official Ripple website, the Central Bank of Ireland officially included the company’s Irish subsidiary in the list of registered Virtual Asset Service Providers (VASP). The move would allow Ripple’s business to take a significant step forward, as it will be able to offer specific digital asset services in Ireland. The official approval of Ripple by the Central Bank of Ireland is a positive development for the company and reaffirms its position as a major player in the global digital asset market. This also provides more momentum for the wider adoption of XRP, opening up new possibilities and use cases in the virtual asset space.
Critical Bitcoin ETF Predictions Made by Samson Mow
Samson Mow, renowned crypto investor and founder of Jan3, used the X platform to write a thread dedicated to the highly anticipated approval of a spot Bitcoin ETF. He said the majority of the crypto community does not understand the importance of ETF marketing. He emphasized that the main takeaway for the 12 Bitcoin ETF applicants is to show why their proposal is superior and how it would increase their share of assets under management (AUM) that will be locked into the new asset class. Even though the SEC has yet to approve any Bitcoin ETF applications, competitors have already released a major ad for BTC, with Bitwise’s ad featuring Jonathan Goldsmith being the latest example. According to Mow’s prediction, other competitors would feature more celebrities to properly launch the marketing war. He believes the era of criticizing Bitcoin will soon be over, as anyone who speaks ill of Bitcoin could be “blacklisted forever.”
DOGE and SHIB holders will receive a big Bitcoin Christmas gift from the best exchange
According to a recent X announcement from trading platform Crypto.com, it will lead a big gift for coin traders. The announcement states that holders of coins such as SHIB, DOGE, ELON, and CORGIAI can participate. The most active traders will be rewarded with a total of $15,000 worth of Bitcoin divided into small prizes. Two thousand of the most active participants will be rewarded. According to a blog post on Crypto.com, traders basically don’t need to do anything but continue trading their favorite cryptocurrencies – SHIB, DOGE, ELON and CORGIAI. The campaign period will last until December 25. The following groups will be included in the trading competition: Freshman Trader Challenge with a reward pool containing $4,000 in BTC, Sophomore Trader Challenge ($6,000 in Bitcoin reward pool available) and, finally, CORGIAI HODL. Challenge, which offers a reward pool of $5,000 in BTC.