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The UAE has exempted cryptocurrency transactions from VAT, earning praise from Shiba Inu's lead developer, Shytoshi Kusama, who called the UAE the 'cryptocurrency capital'. This move is part of the UAE's efforts to become a crypto-friendly destination, following regulatory approvals for Binance and Ripple Labs.

Portfolio Pulse from Aniket Verma

October 07, 2024 | 2:41 am

The SEC has appealed a 2023 ruling in its legal battle against Ripple Labs, which had dismissed broader claims about XRP sales. The appeal aims to overturn a decision that deemed XRP sales to retail clients as legal. Ripple's executives criticized the SEC's move, calling it an embarrassment. The appeal coincides with Bitwise Asset Management's filing for the first-ever XRP ETF in the U.S. XRP's price dropped over 10% following the news.

Portfolio Pulse from Aniket Verma

October 03, 2024 | 5:42 am

Bitwise Asset Management has filed for an XRP ETF, sparking debate due to regulatory uncertainties. The SEC's decision on Ripple's legal status and potential political changes could impact the ETF's approval.

Portfolio Pulse from Murtuza Merchant

October 02, 2024 | 2:22 pm

Bitwise Asset Management has filed for an XRP ETF in Delaware, marking a first for the U.S. market. This move comes amid Ripple's ongoing legal battle with the SEC over XRP's classification. The filing is a preliminary step towards listing the ETF.

Portfolio Pulse from Aniket Verma

October 02, 2024 | 2:50 am

Ripple has received in-principle approval from the Dubai Financial Services Authority to offer blockchain-enabled payment services in the UAE. This move is part of a broader trend of financial technology firms seeking regulatory clearance in Dubai.

Portfolio Pulse from Murtuza Merchant

October 01, 2024 | 5:15 pm

XRP's price has dropped by 5.21% in the last 24 hours to $0.62, despite a 6% gain over the past week. Trading volume increased by 107% alongside a slight increase in circulating supply. XRP ranks #7 in market cap at $35.11 billion.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 7:00 pm

The cryptocurrency market is showing signs of a potential upward trend, with Bitcoin's Exchange Flow Multiple indicating accumulation. Bitcoin spot ETFs, particularly from BlackRock and Ark & 21Shares, have seen significant inflows, suggesting investor confidence. Technical analysts are optimistic but caution about macroeconomic risks.

Portfolio Pulse from Murtuza Merchant

September 30, 2024 | 6:27 pm

John Deaton, a Senate hopeful, supports Mark Cuban and Anthony Scaramucci's opposition to SEC Chair Gary Gensler's cryptocurrency policies. Deaton, known for backing Ripple Labs in its legal battle with the SEC, criticizes Gensler and Sen. Elizabeth Warren for their anti-crypto stance. Cuban and Scaramucci, part of the 'Crypto for Harris' group, advocate for pro-crypto policies and support Deaton against Warren.

Portfolio Pulse from Aniket Verma

September 26, 2024 | 5:34 am

Rep. Ritchie Torres criticized the SEC for using the term 'digital asset security,' which lacks legal basis. The term is not found in any law or SEC rule, raising questions about its origin. This criticism follows the SEC's controversial stance on cryptocurrencies, including a lawsuit against Binance.

Portfolio Pulse from Aniket Verma

September 20, 2024 | 8:04 am

Revolut, a London-based fintech company, is planning to launch its own stablecoin as part of its mission to enhance cryptocurrency offerings. The stablecoin market is currently dominated by Tether, with new entrants like PayPal and Ripple. Revolut aims to become a leading provider of crypto asset services.

Portfolio Pulse from Murtuza Merchant

September 18, 2024 | 3:35 pm

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