XRP is for payments, Bitcoin for ‘speculation,’ says former US Treasurer
After joining Ripple’s board of directors in May, Rosa Rios is bashing Bitcoin for being a supposed speculative tool. Amid the ongoing legal battle between Ripple and United States’ securities regulators, a former U.S. Treasurer and Ripple board member has voiced support for XRP.Former Treasurer Rosa Rios, who joined Ripple’s board of directors in May 2021, took to Twitter on Sunday to reiterate her confidence in XRP while criticizing other cryptocurrencies such as Bitcoin (BTC).Rios argued that jurisdictions like China are now cracking down on Bitcoin, as cryptocurrencies like BTC....
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A new report from Ovum has found that 75 percent of corporate treasures in Africa and Latin America are interested in the solutions that blockchain can deliver to banks. Developed in partnership with Temenos, a Swiss financial services software specialist, the report, Understanding Today’s Corporate Treasurer: The Implications for Corporate Banking Services [PDF], looked at how the priorities and attitudes of today’s corporate treasurer across four main areas of responsibility are changing. These are cash and liquidity management, forecasting and analytics, risk and compliance, and cost....
“Blockchain and crypto will underpin our future global financial systems," said the new board member. Rosa Gumataotao Rios, the 43rd treasurer of the United States, will be joining Ripple’s board of directors. In an announcement from Ripple today, the company said Rios, who served as the U.S. treasurer from 2009 to 2016 under President Barack Obama, will be the newest member of the firm’s leadership team. Ripple CEO Brad Garlinghouse cited Rios’ experience in both the public and private sectors as well as her success in “rapidly accelerating businesses” in the company’s decision to bring....
“What is clear is that if we embrace these developments, Australia has an enormous opportunity to capitalize on the convergence between finance and technology,” Treasurer Josh Frydenberg said. The Australian government is seriously consider the rollout of central bank digital currency (CBDC) and has backed numerous forward-looking regulatory crypto-proposals as part of a new “payments and crypto reform plan.”Treasurer Josh Frydenberg says the reforms "will firmly place Australia among a handful of lead countries in the world."The reform plan is said to be the biggest shake-up of the....
Bitcoin mining hardware firm CoinTerra has been the subject of speculation this week, as emails purportedly sent by the company to customers of its cloud mining service suggest the firm has defaulted on debt obligations. The email, signed by a representative of the CoinTerra support staff, claims that the firm is no longer capable of making payouts to customers. The message reads: "The company has defaulted on its secured notes. The note holders have senior, secured and, we believe, perfected liens on all of CoinTerra's assets, including servers. We have proposed a plan to the note....
The Lake County treasurer plans to HODL the crypto campaign donations in the hopes of a significant price rally for cryptocurrencies. Holly Kim, a treasurer in Lake County, Illinois, has reportedly become the first political candidate in the state to accept crypto campaign donations.According to the Chicago Tribune on Wednesday, Kim recently received a $3 Litecoin (LTC) donation from Mark Tan, founder of T Capital Coin, an investment management outfit based in Lake Forest.The Lake County Treasurer who is up for reelection in 2022 plans to accept Bitcoin (BTC) and many of the popular....