Australia’s largest financial group uses the ‘XRP standard’

Beginning this month, CommBank will utilize Ripple’s XRP to adopt the ISO 20022 standard for cross-border payments.  Within the following three years, the bank intends to entirely transition all of its transactions to ISO 20022.  Over the XRP Ledger, Ripple’s native cryptocurrency XRP has been built to permit fast cross-border settlements. In a recent development,…

FTX collapses as Bitcoin hits a two-year low

One of the most dramatic and rapid reductions in wealth in financial history occurred in the cryptocurrency market. The unexpected spectacular collapse of cryptocurrency exchange FTX this week sent prices plummeting down across the board, just when the industry was beginning to assume Crypto Winter had passed. CoinGecko data shows that the value of both…

Market Manias

Sir John Templeton founded Templeton Growth Fund in 1954. His fund averaged 15% annual growth for 38 years. “This time it’s different” is John’s most expensive phrase. In financial history, investors were excited and greedy, much like with bitcoin. History is full of frantic investment markets with endless opportunities. Burton Malkiel mentions bubbles in A…