Meet JPYC, the fintech startup that’s basically the financial equivalent of ordering sushi from a guy in a trench coat. They’re registering as a money transfer business, which is just a fancy way of saying they’re hoping the FSA doesn’t Google their résumé. If approved, their tokens will be 1:1 with the yen-because nothing’s more exciting than trading your savings for a digital IOU. 💸
Last week, the cryptocurrency realm convulsed like a Dostoevskian antihero torn between redemption and ruin. Bitcoin’s ascent to $124,000-a fleeting ecstasy-crumbled as inflation’s specter loomed, its claws unsheathed. The Fed, once a savior, now hesitates, dithering between mercy and masochism. 🏦💔
Galaxy Research says crypto-collateralized loans are up 27% to $53.1 billion. That’s… a lot. It’s like everyone’s decided to build their house of cards on a slightly larger foundation of other houses of cards. 🏗️
So, Kraken-you know, the crypto exchange that’s basically the Jack Donaghy of the blockchain world-has temporarily paused Monero deposits. Why? Because some mining pool decided to go full Regina George and take over 50% of the hashrate. 🚩 Yes, this is as dramatic as it sounds. Monero, the privacy coin that’s all about keeping things low-key, is now in the spotlight for all the wrong reasons. Kraken’s like, “We’re doing this for your own good, people!” 🛡️
Epic Chain, with a little help from its friend Ripple, is diving headfirst into the world of tokenizing real-world assets (RWAs). They’re aiming to drag trillions of dollars in assets like real estate and commodities onto the blockchain. Because who doesn’t want their house on a digital ledger, right? With Ripple’s backing and XRP’s efficiency, Epic Chain is ready to become the next big thing in financial adoption. Just what we needed-another way to make our wallets feel lighter! 💸
Altcoin Sherpa described LINK as “one of the best coins right now,” pointing to chart strength that could carry toward $30. He explained that round-number levels like $30 often act as psychological barriers where sellers take profits, so traders should be cautious about chasing the move too late. 🎯💸
In the grand theater of cryptocurrency, Bitcoin had begun to waltz gracefully in early August, buoyed by a bounce from a lowly $112,000. Yet, as soon as it reached its latest zenith, the sellers, like a troupe of disgruntled critics, rushed in to pull the curtain down. The momentum, once a lively jig, has now faded into a slow, melancholic dirge. The relative strength index (RSI), that fickle friend, hints at a bearish divergence, whispering sweet nothings of doom into the ears of the hopeful.
On the cryptic chessboard of XRP/BTC, Bollinger Bands – those elegant lines of supposed simplicity, yet messengers of impending chaos – are tightening again, whispering secrets only the brave dare listen to. Usually, such a tilt in the ambiance doesn’t linger long; a fleeting guest in the ballroom of crypto fate.
Fast forward to today: the hub is *live*, and Schwartz, the kindly overlord of all things Ripple, spots his first “weird data.” Because what’s life without a little chaos, right? The tweet (as always) caused a stir, like a digital soap opera. Someone in the XRP fan club-WrathofKahneman-wanted to know what the “abuse” in “disconnections” really means. Naturally, Schwartz had a very science-y answer involving servers that got kicked out for supposedly overloading-except, surprise! It’s probably all a false alarm because, let’s face it, even tech geniuses can’t tell if a server is a troublemaker or just indigestion. 🤷♂️
The Tokyo-based fintech firm JPYC, with the zeal of a samurai sharpening his blade, shall register as a money transfer business within the month. Leading this charge, as reported by the venerable Nihon Keizai Shimbun, they embark on a quest to marry the ancient yen with the boundless digital frontier. 🏯🗡️
