CommBank, Australia’s largest financial institution, will use Ripple’s XRP and ISO 20022 for cross-border payments, simplifying transactions. RippleNet has already joined ISO 20022 Standards Body, making it the first member focused on DLT. This standard is also embraced by Stellar Lumens. ISO 20022 will revolutionize digital assets and fiat money systems, with the potential for regulatory change.
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The collapse of cryptocurrency exchange FTX has sent prices plummeting across the board, causing a dramatic reduction in wealth. Bitcoin and Ethereum have dropped by almost 20%, while Solana investors have suffered the most with a 47% loss. FTX saw a massive $6 billion leave the exchange in just three days, leading to liquidity issues and withdrawals being paused. The troubled FTX has also faced distancing from various crypto firms and has now filed for Chapter 11 bankruptcy. The extent of the damage will become clearer in the coming months.
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Law enforcement seized over 50,676 Bitcoin hidden in James Zhong’s home, leading to a guilty plea for fraudulently obtaining Bitcoin from Silk Road. Learn more about this groundbreaking case and the recovery of billions of dollars in illicit money. #Bitcoin #SilkRoad
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