If you dont know where the yield is coming from, you are the yield. This weeks episode of Market Talks discusses how DeFi platforms generate a profit and if high yields are sustainable.

Solana's SOL and XRP lead decline in majors as bitcoin kept under $30K. (Shutterstock)

Bitcoin weekly chart. (CoinDesk Indices)

BTC daily price (CoinDesk Indices)

The comeback of the Stellar Lumens (XLM) price keeps going on. In the last 24 hours, XLM has risen by another 15%, bringing the Ripple competitors price in line with XRP. Indeed, both tokens have risen by close to 65% (at this stage) since the summary judgment in Ripples legal battle with the U.S. Securities and Exchange Commission (SEC).

Remarkably, the relationship between Stellar Lumens (XLM) and Ripples XRP has been an intriguing tale of correlation and decoupling. As the market reacted to the recent developments in the Ripple-SEC battle, XLM followed suit, experiencing a remarkable price surge. However, as the broader market conditions cast their shadows, the question arises: Can Stellar Lumens maintain its newfound independence and continue its upward trajectory?

The Correlation Between XLM and XRP

It is no secret that Stellar Lumens and Ripples XRP share many similarities in their blockchain technologies and use cases. Moreover, the founders Jed McCalebs connection to Ripple adds another layer of intrigue, as investors hope that XLM will not be deemed a security by regulators.

This connection has often resulted in XLM mirroring the price movements of XRP. The markets anticipation of developments for Ripple being equally impactful for Stellar has often led to such correlated movements, just like last week after the Ripple ruling. However, in recent days, Stellar Lumens has managed to stand on its own feet, showcasing its ability to decouple from the fortunes of XRP.

One factor for this may have been its partnership with MoneyGram, which yielded the innovative B2B service called stablecoin USDC into cash worldwide through MoneyGrams branch network, tapping into Stellars ledger for seamless execution. This strategic collaboration has not only bolstered Stellars use case but also may catalyzed its recent surge in price.

With the integration of Access into various applications and fiat ramps, XLMs demand and utility is substantially boosted. For instance, the HoneyCoin apps integration of Access for straightforward cash out in multiple African countries and the United Kingdom might have contributed to Stellars outperformance relative to XRP in recent days.

Were excited to share @honeycoinapp users can now cash out of their USDC balance at supported @MoneyGram locations in Kenya, Uganda, Tanzania, Nigeria, Ghana, and the UK

Another real-world use case for...

Bitcoin's future is overwhelmingly bright, and short-term price pressures should not distract investors from a future global asset class, says the Capriole Investments founder.

Bitcoin mining firms have been forced to sell newly minted Bitcoin to cover operational costs during one of the toughest bear markets for miners on record.

Conic Finance was drained of 1,700 ether. (Kevin Ku/Unsplash)

Jakarta, Indonesia

According to some experts, miners will always be essential to the Bitcoin ecosystem, even after mining the last coins.

Hamster racing appears to be the new craze for the crypto community. (Catherine Falls Commercial/Gettyimages)

The crypto market swiftly turned bearish from yesterdays scarcely bullish outlook, and top coins have receded farther from their new-found support. But interestingly, MarkerDaos MKR appears unperturbed by the markets gloomy sentiment as MKR soared higher with massive gains, adding over 17% to its value on the day. 

MKR Price Outlook

Over the last day, the MRK token has witnessed several steep rise and fall. The digital asset reached a day-high of $1,203 at 2:30 am UTC on July 21, a 20% increase from its July 20 opening price.

MKR had lost momentum shortly after the $1,203 peak spike, falling to $1,134. However, it continued the fluctuations before regaining momentum for a more bullish rise. At the time of writing, Makers price is changing hands at $1,162, with a 17.63% 24-hour price increase. 

Makers current price is 26% higher than its value seven days ago and it may surpass $1,200 if it sustains the current bullish rally. A close look at MKRs sudden price resurgence suggests the token might be riding on some other bullish waves.

Possible Reasons Behind Makers Sudden Price Surge

Makers dramatic price surge may be due to recent developments in the MakerDAO ecosystem. On-chain sleuth, Lookonchain, reported some conspicuous activities by top VC firms Andreessen Horowitzs a16z and CMS Holdings, which are suspected to be responsible for the price surge.

According to the report, a16z recently deposited large chunks of Maker tokens to Coinbase. The venture capital company deposited 12,864 MKR tokens worth approximately $12.6 million at the time. 

The firm also reportedly transferred another 6,900 MKR, worth $8 million by todays exchange rates, to a new address, presumably with plans to deposit the funds on an exchange. Currently, a16z holds around 12,396 MKR tokens worth ~$14.4 million.

Also, Lookonchain reported that CMS, a blockchain-focused private investment company, reduced its recently acquired MKR holdings. CMS Holdings deposited 525 MKR tokens worth $614,000 to Binance two hours before the sharp price surge.

CMS previously withdrew 1,325 Maker tokens worth $1.54 million from Binance and Bitget at an average price of $793. The investment firm now holds 800 MKR, worth approximately $936,000.

Implications Of a16z And CMS Holdings Activities

The unprecedented change in the token holdings of these top market players must have significantly contributed to the tokens price spike. The market positively reacted to the massive MKR sales, leading to increased trading volume and price surge.

The sharp spike in MKRs price can be interpreted this way: the tradi...

How to earn Bitcoin in Minecraft, Sega is half in/half out of blockchain games, BGA boards 50/50 gender split, and more Web3 gaming news.

FTX Founder Sam Bankman-Fried being extradited back to the United States from the Bahamas (Royal Bahamas Police Force)

Chainlink (CHAIN) has recently experienced a surge in its short-term price action, delivering considerable gains to its holders. The excitement surrounding this upward momentum has been palpable, but astute observers have noticed some intriguing indications that suggest this hike might not necessarily signify the peak for LINK. 

Such a notion is not mere speculation; instead, it finds its foundation in the actions of LINK holders and the patterns observed in trading activity. These compelling insights offer a glimpse into the future trajectory of Chainlink and its possibilities.

LINK Price Surge Fueled By Increased Accumulation, Network Activity

LINKs recent price surge has been underpinned by a significant token accumulation and notable activity on the Chainlink network. According to a LINK price report referencing Santiment data, the number of addresses holding between 0 to 1 million LINK has seen an incredible increase, potentially playing a pivotal role in driving the tokens value.

Coingecko data shows LINK registering an impressive $8.33 price, and a remarkable 24-hour rally of 19.0%. In the last week, the crypto has risen 15.0% in value.

However, the surge appears far from an isolated event, as the accumulation rate has shown no signs of slowing down. Such consiste...

Sam Bankman-Fried leaving court on February 16, 2023 (Liz Napolitano/CoinDesk)

The amount of social engineering attacks in the cryptocurrency industry has been rising, with major execs getting hacked recently.

(Cheyenne Ligon/CoinDesk)

MakerDAO founder Rune Christensen (CoinDesk TV)

On-chain data shows that Chainlinks social dominance has observed a large spike after its sharp price surge, a possible sign that the top may be here.

Chainlink Social Dominance Rises To 3rd Largest In Cryptocurrency Sector

According to data from the on-chain analytics firm Santiment, LINK is the third most trending asset in the market right now. The indicator of interest here is the social dominance, to understand which another metric needs to be looked at first: the social volume.

The social volume measures the total amount of social media text documents (that is, text-based posts, threads, messages, etc.) that are making mentions of a given asset (which, in the current case, is Chainlink).

This metric basically provides us with information about the degree of discussion that a particular coin is receiving across major social media platforms like Twitter, Reddit, Telegram, and 4chan.

Now, the aforementioned social dominance is a metric that compares the social volume of a cryptocurrency, with combined that of the top 100 assets by market cap in the space.

Naturally, in the case of LINK, this indicator tells us how much talk related to the top coins in the market is coming from discussions centered on Chainlink alone.

Here is a chart that shows the trend in the LINK social dominance over the past month:

As displayed in the above graph, Chainlinks social dominance has registered a large spike following the rapid growth in the price of the cryptocurrency during the last couple of days.

At the peak of this latest sharp surge, the assets value had climbed above the $8.4 mark, but since then the cryptocurrency has gone down a bit. Nonetheless, the price is still floating above $8.1 and the coins gains stand at an impressive 19%.

Historically, rallies like these have attracted a lot of eyes to LINK, so its not particularly surprising that the cryptocurrencys share of discussions in the sector has shot up.

The scale of this rise, though, may be a slightly worrying sign. Chainlink is the third most talked about asset in the market right now, despite being only the 20th largest in t...

According to initial analysis by Peckshield, the root cause for Conic Finances hack was the new CurveLPOracleV2 contract.

That's right, it's McNugget's time (The Sandbox)

Explore five emerging digital finance trends shaping the financial landscape in the digital age.

This is an opinion editorial by Nathan Cryder, the COO of a renewable energy company and the founder of a bitcoin-focused holding company.

Its unlikely that Bitcoins mysterious, pseudonymous creator, Satoshi Nakamoto, knew just how many similarities Bitcoin would one day share with the worlds great religions when they first released their code to the public.

That genesis block was mined on one of Nakamotos computers on January 3, 2009, a day now celebrated annually as one of the many Bitcoin holidays to commemorate the heritage of the worlds first cryptocurrency and blockchain. For some, January 3 has become Proof Of Keys Day to promote the importance of holding ones own private keys, as opposed to trusting them with a cryptocurrency exchange or other third party. Other Bitcoin holidays commemorate the first bitcoin transaction (Bitcoin Pizza Day), the sovereignty of community consensus and the resolution to the Blocksize Wars (Bitcoin Independence Day) and the day Nakamoto publicly released the white paper conceptualizing Bitcoin (Bitcoin White Paper Day).

Coincidentally, this last one falls on the same day Martin Luther nailed his 95 theses to the door of the Wittenberg Church in Germany, ultimately upending many of the Catholic Churchs most cherished traditions, which had barely changed in 1,500 years.

Bizarre as it may sound, if a group of self-proclaimed wizards get their way, the Bitcoin religion will soon recognize another holiday to mark another day of significance in the history of Bitcoin, at least in their eyes. In a Twitter Spaces, I have heard Udi Wertheimer and Eric Wall, two proponents of Bitcoin Ordinals who refer to themselves as Taproot wizards, discuss promoting January 24 as Bitcoin JPEG Day to commemorate the day on which a user on the Bitcoin Talk forum, who went by the name of Sabunir, attempted to sell a JPEG in 2010 with technical support from none other than Nakamoto themself (nearly five months before the infamous p......

Globe focus on Africa (James Wiseman/Unsplash, modified by CoinDesk)

(Andrei Akushevich/Getty Images)

(Getty Images)

Paris, France (Alexander Kagan/Unsplash)

Alongside G42, Cerebras aims to expand the supercomputer, with plans to establish 36 exaflops of AI computing in the coming year.

<p>Solana, a key player in the Layer-1 blockchain network domain, has shown a substantial improvement in the networks uptime and reliability this year, with just one recorded outage so far since the year 2023 began.</p> <p>According to a performance <a href= "https://solana.com/news/network-performance-report-july-2023" rel= "noopener nofollow" target="_blank">report</a> released by the Solana Foundation on July 20, the networks stability and performance saw a significant uptick in the first half of 2023. The report presents detailed metrics including the networks uptime and the ratio of non-voting to voting transactions, which are key indicators of network efficiency and reliability.</p> <h2>Addressing The Network Reliability Challenge</h2> <p>Despite its promising features, Solana has historically faced issues relating to network uptime and reliability. These problems, referred to as a <a href= "https://www.realvision.com/shows/raoul-pal-adventures-in-crypto/videos/is-solana-the-future-of-crypto-vx9l?source_collection=0ddb23ecd5c4410c8eaccfc08bc61aa8&utm_source=twitter&utm_medium=social&utm_campaign=2022819_social_raic&tab=details" rel="noopener nofollow" target="_blank">curse</a> by Co-founder Anatoly Yakovenko, were largely attributed to the networks low-cost transactions, which according to Yakovenko frequently led to Solana network outages.</p> <p>Related Reading: <a href= "https://www.newsbtc.com/news/solana-shining-moment-what-to-expect-after-sol-crossed-20/" rel="noopener" target="_blank">Solana Shining Moment: What To Expect After SOL Crossed $20</a></p> <blockquote class="twitter-tweet"> <p dir="ltr" lang="en">1/ The Solana Foundation has released the most recent <a href= "https://twitter.com/solana?ref_src=twsrc%5Etfw" rel= "nofollow">@Solana</a> Network Performance report.</p> <p>The Solana networks performance has improved through H1 2023, as measured by uptime, the ratio of non-voting-to-voting transactions, & more.

Read the full report: https://t.co/naOftyknLA pic.twitter.com/yI9Q8swWdT

Solana Foundation (@SolanaFndn) <a href= "https://twitter.com/SolanaFndn/status/1682016582871171072?ref_src=twsrc%5Etfw" rel="nofollow">July 20, 2023</a></p> </blockquote> <p>However, the latest report offers a refreshing contrast to this history, marking a 100% uptime since February 25. This performance ensures that <a href= "https://www.newsbtc.com/news/solana-shining-moment-what-to-expect-after-sol-crossed-20/" rel="noopener" target="_blank">Solana</a> completed an entire quarter without any outages, with the only disruption of the year in February causing a nearly 19-hour network blackout.</p> <h2>Indicators Of Network...

Sam Bankman-Fried attempted to publicly discredit government witness Caroline Ellison, who was once his business ally and a romantic partner, the DoJ argued.

BTC price should put in a strong reaction now that Bitcoin Bollinger Bands are at their most compact since the start of 2023.

Professional Dota 2 player Erik Tofu Engel believes that Web3 has very beneficial features for gamers.

The National Cryptocurrency Enforcement Team, established in 2021, will be merged with the Computer Crime and Intellectual Property Section.

Criminals have moved away from using Bitcoin for money laundering, with stablecoins emerging as an alternative due to accessibility.

Dogecoin (DOGE) is fixated on a crucial juncture in its price trajectory. Having recently faltered at the previous range-high, the cryptocurrency community eagerly awaits to see whether history will repeat itself. 

DOGE bulls, ever resilient, have their sights firmly set on re-targeting $0.075 a level that could signify a significant breakthrough if achieved.

As the digital coin continues to command headlines and curiosity, the question on everyones mind is whether DOGE can overcome this critical hurdle and forge a path toward new heights. 

DOGE Bulls Eye Crucial Re-Entry As Price Finds Support

As per Coingecko data, DOGE currently stands at $0.071, displaying a modest 24-hour rally of 0.5% alongside consistent seven-day gains of the same percentage. The recent price action indicates that DOGE has established higher highs and lows since mid-June, granting bulls a favorable advantage. 

However, the recovery momentarily stumbled upon reaching the previous range-high of $0.0751. Nevertheless, bullish investors saw an opportunity for re-entry at the price imbalance and FVG (fair value gap) located between $0.0694 to $0.0655.

A DOGE price report reveals a notable pattern where generally, the price tends to hit the FVG before resuming its prior trajectory. This trend has been evident as DOGE has already experienced two rebounds from the FVG zone. Furthermore, this FVG range aligns harmoniously with the ascending trendline support.

Considering this backdrop, a price rejection at the previous range-high of $0.075 might find support at the above confluence area. Therefore, this confluence area holds significant interest for bullish investors, as it could offer another compelling buying opportunity.

Dogecoin Faces Mixed Sentiments 

While Dogecoins popularity as a meme coin remains strong, a...

The Civil Aviation Administration and China Merchants Bank said passengers can utilize the central bank digital currency to access new services via this platform.

(Cheyenne Ligon/CoinDesk)

Vermont issued the investor alert after a 74-year-old man lost his life savings of over $340,000 in a crypto fraud orchestrated over Instagram and Telegram.

The platform, monitored by local regulators, will be the only space in the country where the legal exchange of digital assets is allowed.

(FCA)

Charles Edwards, the mastermind behind the Bitcoin Hash Ribbons signal and founder of Capriole Investments, has sounded the alarm. The renowned analyst warns that the Hash Ribbons capitulation signal just flashed, a phenomenon that has historically accompanied moments of distress for BTC miners.

As outlined by Edwards, Bitcoins hash rate had experienced an astonishing and seemingly unsustainable 50% surge in 2023. However, this meteoric rise came to a sudden slowdown, which has led to the Hash Ribbons capitulation signal to appear. Via Twitter, Edwards emphasized that the signal is neither a clear sell signal nor a buy indicator. But it demands prudent risk management until a renewed price rally:

We have a Hash Ribbon capitulation. AKA a slowing in Bitcoins Hash Rate growth after what has been an incredible (unsustainable) 50% increase in 2023. Hash Ribbons capitulation is not a sell signal, but its also not bullish. Risk management warranted until growth resumes.

Market analyst Lukasz Wydra corroborates Edwards stance, pointing out that the death cross of Bitcoin hash ribbons is a signal of a time of uncertainty. Wydra revealed that historically, there have been 14 similar events, each leading to diverse outcomes. Among these events, three resulted in rallies, six led to sideways movements, and five triggered declines.

Wydra takes a statistical approach and reassures investors that, statistically speaking, the Hash Ribbons capitulation does not inflict significant harm on the market. In fact, he emphasizes that when the capitulation finally subsides, it will usher in a strong buying signal, one that has shown remarkable effectiveness in the past.

The last time the Hash Ribbons capitulation signal appeared was at the end of November 2022. It was followed by a prolonged sideways trend for over a month until the buy signal flashed at the beginning of January. The...

Perpetrators have impersonated delivery drivers in order to break into the homes of victims to steal cryptocurrency.

The British government may impose tighter freedom of speech protections on banking permits following a public dispute between Nigel Farage and Coutts bank.

(Mark Van Scyoc/Shutterstock)

The Solana network is seeing steady improvements in performance and reliability as outages become more infrequent.

Dogecoin is gaining bullish momentum above the $0.070 resistance against the US Dollar. DOGE could extend its rally toward the $0.080 resistance zone.

• DOGE is currently showing positive signs above $0.068 resistance against the US dollar.
• The price is trading well above the $0.070 zone and the 100 simple moving average (4 hours).
• There is a key bullish trend line forming with support near $0.070 on the 4-hours chart of the DOGE/USD pair (data source from Kraken).
• The pair could start a fresh rally if it clears the $0.0732 resistance zone.

Dogecoin Price Could Rally Over 10%

After a downside correction, Dogecoins price found support near the $0.0680 zone. DOGE formed a base and recently started a fresh increase from $0.0675, outperforming Bitcoin and Ethereum.

In the past two sessions, there were bullish moves above the $0.070 resistance zone. The price climbed above the 50% Fib retracement level of the downward move from the $0.0750 swing high to the $0.0670 low. DOGE is now trading well above the $0.070 zone and the 100 simple moving average (4 hours).

There is also a key bullish trend line forming with support near $0.070 on the 4-hours chart of the DOGE/USD pair. On the upside, the price is facing resistance near the $0.0732 level.

Source: DOGEUSD on TradingView.com

The 76.4% Fib retracement level of the downward move from the $0.0750 swing high to the $0.0670 low is also near the $0.0732 level. The first major resistance is near the $0.0750 level. A close above the $0.0750 resistance might send the price toward the $0.0780 resistance. The next major resistance is near $0.080. Any more gains might send the price toward the $0.082 level.

Fresh Decline in...

Coin Center said the bill was unconstitutional, while the Blockchain Association called it incompatible with blockchain technology.

Ethereum price is struggling to clear the $1,920 resistance against the US Dollar. ETH could gain bearish momentum if there is a close below $1,875.

• Ethereum is trading in a range above the $1,875 level.
• The price is trading below $1,910 and the 100-hourly Simple Moving Average.
• There is a key rising channel forming with support near $1,885 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could decline heavily if the price remains below $1,920 for a long time.

Ethereum Price Struggles Below $1,920

Ethereums price attempted a fresh increase above the $1,900 level. However, ETH failed to gain traction above the $1,920 resistance and reacted to the downside, similar to Bitcoin.

The price declined below the $1,885 level but remained stable above $1,875. A low is formed near $1,877 and the price is now consolidating losses. It is slowly moving higher above the $1,885 level. There is also a key rising channel forming with support near $1,885 on the hourly chart of ETH/USD.

Ether is trading below $1,910 and the 100-hourly Simple Moving Average. On the upside, immediate resistance is near the $1,900 level. It is close to the 50% Fib retracement level recent decline from the $1,927 swing high to the $1,877 low.

The first major resistance is near the $1,910 level or the 61.8% Fib retracement level recent decline from the $1,927 swing high to the $1,877 low, above which the price could test the main resistance at $1,920.

Source: ETHUSD on TradingView.com

The next major resistance is near the $1,940 level. Any more gains could send Ether toward the $2,000 resistance in the near term.

More Losses in ETH?

If Ethereum fails to clear the $1,920 resistance, i...

After 16 consecutive months of decline, the stablecoin market dominance has fallen to 10.3% of the total crypto market capitalization.

Bitcoin price is still consolidating above $29,500. BTC must settle above the $30,400 resistance zone to start a steady increase in the near term.

• Bitcoin is struggling to clear the $30,000 resistance level.
• The price is trading below $30,000 and the 100 hourly Simple moving average.
• There was a break below a key bullish trend line with support near $29,950 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start a decent increase if there is a close above the $30,400 resistance.

Bitcoin Price Remains In A Range

Bitcoin price attempted a fresh increase above the $30,400 resistance zone. However, BTC struggled to settle above $30,400 and reacted to the downside.

There was a break below a key bullish trend line with support near $29,950 on the hourly chart of the BTC/USD pair. The pair declined below the $29,850 level but the downsides were limited. The price stayed above the $29,500 support.

A low is formed near $29,591 and the price is now attempting a fresh increase. There was a move above the $29,650 level. Bitcoin price is now trading below $30,000 and the 100 hourly Simple moving average.

Immediate resistance is near the $30,000 level and the 100 hourly Simple moving average. It is close to the 50% Fib retracement level of the recent decline from the $30,405 swing high to the $29,591 low. The first major resistance is near the $30,100 level.

Source: BTCUSD on TradingView.com

The 61.8% Fib retracement level of the recent decline from the $30,405 swing high to the $29,591 low is also near the $30,100 level. The next major resistance is near $30,400. A close above the $30,400 level might start a fresh increase. In the stated case, the price could rise toward the $30,800 level....

Former FTX and Alameda Research executives Sam Bankman-Fried, Caroline Ellison, Gary Wang and Nishad Singh were named in the suit from FTX.

The House Agriculture and Financial Services Committees have been working together all year on a bill to rival Lummis and Gillibrands Responsible Financial Innovation Act.

(Studio Incendo/Wikimedia Commons)

Deals (OpenSea.io)

Hayden Adams account released a tweet encouraging its more than 254,000 followers to click on a malicious link, falsely claiming that users tokens were at risk.

(Ben White/Unsplash)

Coinbase logo on a laptop computer (Piggybank/Unsplash)

The new feature is now available in beta for Plus users outside the EU and U.K., with a full rollout expected in the coming weeks.

Federal Reserve Chair Jerome Powell speaks at the Brookings Institute in Washington, D.C. on Nov. 30, 2022. (Helene Braun/CoinDesk)

FORTUN3 (Toonstar)

FTX users prompted to reset password (FTX)

FTX, Alameda want to recover $71 million from the defunct exchange's philanthropic arm (Pixabay)

The money was intended to add to Bankman-Frieds political influence and goodwill and did not benefit FTX or Alameda Research.

Brian Brooks has worked as Coinbases chief legal officer, acting comptroller of the currency, CEO of Binance.US and CEO of Bitfury.

Terraform filed a motion to access information from wallets used by short sellers during the collapse of its algorithmic stablecoin in 2022.

(Luis Villa del Campo/Wikimedia Commons)

El Salvador President Nayib Bukele (Handout/ Getty Images)

Kuwait (Jan Dommerholt/Unsplash)

In an announcement Thursday morning, the Federal Reserve unveiled that its instant payment system, the FedNow Service, has officially gone live. This tool aims to empower banks and credit unions of all sizes to facilitate instantaneous money transfers for their customers. The Federal Reserve claims that FedNow transactions can be executed 24/7, 365 days a year.

To start, 35 banks and credit unions, alongside the U.S. Department of the Treasury's Bureau of the Fiscal Service, are among those already equipped to handle payments through the FedNow Service. Furthermore, a lineup of 16 service providers are poised to offer payment processing support for banks and credit unions.

"The Federal Reserve built the FedNow Service to help make everyday payments over the coming years faster and more convenient," said Federal Reserve Chair Jerome Powell. "Over time, as more banks choose to use this new tool, the benefits to individuals and businesses will include enabling a person to immediately receive a paycheck, or a company to instantly access funds when an invoice is paid."

When asked if the FedNow service is attempting to replace cash, and if it was a central bank digital currency (CBDC) or not, the Federal Reserve stated "No. The FedNow Service is not related to a digital currency. The FedNow Service is a payment service the Federal Reserve is making available for banks and credit unions to transfer funds for their customers. It is like other Federal Reserve payment services, such as Fedwire and FedACH. The FedNow Service is neither a form of currency nor a step toward eliminating any form of payment, including cash."

A comprehensive list of early adopters already equipped with instant payment capabilities can be found in an attached document. Further information can be found on the Federal Reserve Financial Services website.

FCA building (FCA)

(Shutterstock)

XRP price in the last 24 hours (CoinDesk)

bots (Shutterstock, modified by CoinDesk)

SEC Chair Gary Gensler (Kevin Dietsch/Getty Images)

CDCROP: ETF Exchange Traded Funds

Ripple CTO David Schwartz in 2021. (CoinDesk TV)

Wing plane, cloud (xuuxuu/Pixabay)

New York Representative Ritchie Torres had an exclusive interview with Cointelegraph to discuss why retail investors are still at risk following the XRP court ruling.

In April 2023, Arkansas made history by becoming the first state to pass the Right to Mine Bitcoin bill in both the House and Senate. However, the Right to Mine law in Arkansas is encountering increasing opposition as it relaxes regulations on commercial crypto mining.

Reports have suggested that loosening restrictions on commercial cryptocurrency mining has raised concerns. This is because after enacting the new law, large electricity-intensive crypto mines entered Arkansas.

The legislation has sparked controversy by limiting the authority of city governments to regulate crypto mines. This has effectively stripped them of their ability to enforce local ordinances concerning such operations.

During the 2023 legislative session, Arkansas Senator Bryan King (R) from District 28 expressed criticism of the bills introduction. And Senator King is reportedly planning to introduce another bill aimed at repealing the controversial Right to Mine law.

Related Reading: Solana (SOL) Continues To Shine With Over 20% Surge Whats Next?

Reports indicate that residents have raised numerous concerns, including excessive noise, substantial power grid usage, and the fact that Green Digital LLC., the company behind the proposed crypto mines in their cities, is a subsidiary partially owned by the Chinese Communist Party.

Some Towns Have Rejected Proposed Crypto-Mining Facilities

Arkansas Senator Bryan King has taken proactive steps by drafting a bill aimed at repealing the controversial law related to crypto-mining. One of the major worries is the strain on the local power grid caused by the electricity-intensive nature of crypto-mining operations.

Reports have surfaced that some areas are already facing warnings of potential brownouts or blackouts. This is because of the increased energy consumption from these facilities.

As of the current moment, local reports indicate that Arkansas is home to approximately 10 crypto mines. Vilonia and Harrison, two towns in Arkansas, have prevented attempts to establish proposed crypto-mining facilities within their respective city limits.

Senator Bryan King has further contended that crypto mines do not serve as economic boons to the communities where they establish their operations.

He specifically highlighted that facili...

A Binance spokesperson highlighted that there are things to be wary of when liquid staking, including smart contract vulnerabilities, slashing risks and price fluctuations.

Former globe-trotting DJ Scott Melker The Wolf Of All Streets worries about the circumstances leading to Bitcoin topping $1 million.

Binance co-founder Yi He (Binance)

The fourth episode sees StarkWare president Eli Ben-Sasson and Giza co-founder Cem Dagdelen explore the role of AI in smart contracts.

Bitcoin bears are closing in on a rare win, as they have the advantage in this weeks $600 million BTC options expiry.