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XRP trading volume soared to $4.4 billion in Q2, recording 98% increase from last quarterCryptos |
7/30/2021 4:43:19 AM GMT
XRP has seen a massive climb in trading volume in the second quarter this year.
The cross-border remittance token recorded four days in Q2 with the highest trading volume in its entire history.
The volatility of XRP was considerably higher than that of Bitcoin and Ethereum during this period.
The latest Ripple quarterly report revealed that the cross-border remittance token witnessed a surge in trading volume in the second quarter of this year.
XRP Q2 volume almost doubled last quarter
XRP, the sixth-largest cryptocurrency by market capitalization, recorded a massive spike in trading volume in Q2 this year, climbing to over $4.4 billion. Comparatively, its trading volume in Q1 was $2.2 billion, a 98% increase in the second quarter.
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7/27/2021 3:47:54 AM GMT
Goldman Sachs has revealed in a filing that the firm is looking to create a new fund related to DeFi and blockchain.
The ETF would track a Decentralized Finance and Blockchain Index from a German financial index provider that includes stocks from large companies.
The investment bank continues to look for ways to allow its clients to gain exposure to cryptocurrencies.
Goldman Sachs has filed an application with the United States Securities & Exchange Commission (SEC) for a new decentralized finance (DeFi) and blockchain-based exchange-traded fund (ETF).
Goldman Sachs DeFi fund to track Solactive Index
The Wall Street giant is planning to create an ETF that would be tied to the performance of firms working on developing blockchain technology and the digitization of finance.
7/20/2021 4:12:27 AM GMT
The legal team behind Ripple has started building a new defense using the recent settlement between the SEC and Coinschedule.
Ripple lawyers argue that there is a lack of legal clarity surrounding digital assets as securities.
An attorney familiar with the case stated that the Ripple execs could not have known they violated securities law if any in 2013.
Ripple continues to present a new defense for its case filed by the United States Securities & Exchange Commission (SEC). The latest filing from the legal team of the blockchain firm leverages the financial watchdog’s recent comments over “regulatory uncertainty.”
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