In “This was the NEWS” we take a look at the most important news of last week. What has happened in the crypto space over the last 7 days? News items that you may have missed and you really need to read. You will find it here!
1. PAX Stablecoin Already Saw $5 Billion in Transactions in The First 3 Months
Last Thursday, Paxos released the news that its Paxos Standard token (PAX) has been used for over $5 billion worth of transactions in the first three months of its existence. Because of this, Paxos Standard has become the second most widely traded stablecoin. The demand for a regulated stablecoin led to PAX’s listing as a base currency on Binance, the world’s largest cryptocurrency exchange, and is now available through over 50 partners including OKEx, KuCoin, Gate.io, ZB.cn, DigiFinex, BitPay, TrustWallet and more.
2. Ripple Official Claims That Banks Will Eventually Adopt Cryptocurrencies
According to a Ripple executive, Ross D’Arcy, banks will, in due time, adopt cryptocurrencies. D’Arcy made the remarks during the Impact Fintech 2018 in Poland. Ross D’Arcy spoke about Ripple’s upcoming developments and the organization’s aim to solve use cases. D’Arcy stated that Ripple aspires to get utility out of the software with the single focus of making cross-border transactions simple and effective.
More about the remarks from Ross D’Arcy here: https://altcoinbuzz.io/ripple-official-claims-that-banks-will-eventually-adopt-cryptocurrencies/
3. Binance Launched a Platform to Help You Learn More About Cryptocurrency and Blockchain
Binance, the biggest cryptocurrency exchange based on daily volume, launched a platform to help users to learn more about blockchain technology and digital assets. The platform, Binance Academy, offers more than 500 different articles to give users more information about blockchain and cryptocurrencies
Interested? Read more about Binance Academy here: https://altcoinbuzz.io/binance-is-launching-a-platform-to-help-you-learn-more-about-cryptocurrency-and-blockchain/
4. You can Now send XRP with Siri!
An independent coder has created an add-on that lets users send XRP just by talking to Siri. The new feature works by utilizing Siri Shortcuts, a tool that lets developers create custom voice commands that Siri can use to control apps.
Want to send XRP using Siri? Learn more: https://altcoinbuzz.io/you-can-now-send-xrp-with-siri/
5. Donald Trump Hires Prominent Bitcoin Supporter Mick Mulvaney to White House Staff
U.S. President Donald Trump has hired the prominent Bitcoin supporter Mick Mulvaney to be his new White House Chief of Staff. Mick Mulvaney has knowledge of the inner-workings of blockchain and crypto in general. He helped the Blockchain Caucus to draft two new legislative acts that support the growth and evolution of the blockchain industry.
Read more about Mick Mulvaney: https://altcoinbuzz.io/donald-trump-hires-prominent-bitcoin-supporter-mick-mulvaney-to-white-house-staff/
“This was the NEWS” summary!
What a week! With Bitcoin fluctuating between the $3,100 and $3,400 levels, the best thing you can do is looking for positive news. Luckily, there have been a lot of great developments.
Yes, times might be bearish, but according to Ross D’Arcy, an executive at Ripple, banks will, in due time, adopt cryptocurrencies. This means that although valuations don’t look great today, it will change in future. Rome wasn’t built in a day. Furthermore, this year has been mostly about developing the space to get it ready for mass adoption.
One of these developments has been for sure the rise of stablecoins. In the first 3 months of its existence, PAX has been used for over $5 billion worth of transactions. Because of this, Paxos Standard has become the second most widely traded stablecoin.
In the meantime, Binance launched a new platform called Binance Academy to educate new users on blockchain and digital assets and an enthusiastic developer created a way to sell XRP using Siri! Talking about adoption!
To top it all off: U.S. President Donald Trump has hired the prominent Bitcoin supporter Mick Mulvaney to be his new White House Chief of Staff! The future still looks bright for crypto!