09 Jul
Cryptocurrency

Cryptocurrency roundup for June 23: CACEIS enters crypto realm, Ripple approved in Singapore, Binance accuses SEC and more

> As per France’s Financial Markets Authority (AMF), CACEIS Bank has been officially registered for this purpose as of Tuesday, June 20, which is confirmed on the regulator’s official website.

> CACEIS Bank, a well-established entity serving asset managers including insurers, pension funds, and private equity firms, now stands alongside other major traditional finance players such as Societe Generale’s Forge and AXA Investment Managers, who have already been acknowledged under Europe’s progressive crypto regulatory structure.

> This achievement stands in stark contrast to the increasing restrictions being placed on the cryptocurrency industry in the United States.

> Ripple revealed that the Monetary Authority of Singapore, the nation’s central bank, has bestowed upon it an in-principle approval for a Major Payment Institution Licence.

> This license paves the way for Ripple to offer regulated products and services concerning digital payment tokens. It also bolsters the cross-border transactions of XRP, the cryptocurrency with which Ripple is intimately linked.

> On Wednesday, Bitcoin skyrocketed to its loftiest levels since April and brought along memecoins in its exhilarating ascent.

> In the past 24 hours, with Bitcoin flirting with the $30,200 mark, Pepe coin witnessed a meteoric rise of over 50%.

> In the same time span, Dogecoin and Shiba Inu also joined the upward trend with gains of 4.3% and 9.6%, respectively, as per data from CoinMarketCap.

> Furthermore, when examining the week’s performance, the trio – Pepe coin, Dogecoin, and Shiba Inu, displayed remarkable gains of 90%, 8%, and 21% respectively.

> Concurrently, Ether is also experiencing a positive trend, albeit at a more modest pace, trading 0.5% higher, hovering around the 1890 levels.

> Bitcoin, which experienced a slump last week, plummeting below the $25,000 mark for the first time since March, has made a robust comeback this week.

> The flagship cryptocurrency has reasserted its dominance, now constituting over 50% of the total cryptocurrency market.