Ripple's dedication to CBDC development and tailored solutions is one aspect of its efforts to transform the cross-border payments space. With its global network RippleNet, the company aims to solve one of the last great financial puzzles in the world. As Ripple expands its policy team and continues to engage with regulators and central banks worldwide, the future of digital currencies and cross-border payments is sure to be shaped by the innovative solutions offered by Ripple.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631097047293235200\n<\/div><\/figure>\n","post_title":"Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-in-talks-with-over-20-central-banks-for-cbdc-development-says-senior-vp","to_ping":"","pinged":"","post_modified":"2023-04-10 17:31:44","post_modified_gmt":"2023-04-10 07:31:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10163","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Interaction with regulators is \"invaluable\"<\/em>, according to the executive. Ripple engages with regulators worldwide to design custom CBDC solutions for smaller countries. While larger countries like China and the U.S. develop their CBDCs through the public sector, countries like Singapore, Tokyo, Switzerland, and the U.K. are turning to Ripple for tailored solutions.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631292798770065408\n<\/div><\/figure>\n","post_title":"Silvergate Drops Over 50% In A Trading Day; Sees Its Biggest Clients Halting Business With The Bank","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"silvergate-drops-over-50-in-a-trading-day-sees-its-biggest-clients-halting-business-with-the-bank","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:38","post_modified_gmt":"2023-04-10 07:30:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631292798770065408\n<\/div><\/figure>\n","post_title":"Silvergate Drops Over 50% In A Trading Day; Sees Its Biggest Clients Halting Business With The Bank","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"silvergate-drops-over-50-in-a-trading-day-sees-its-biggest-clients-halting-business-with-the-bank","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:38","post_modified_gmt":"2023-04-10 07:30:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n
Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631292798770065408\n<\/div><\/figure>\n","post_title":"Silvergate Drops Over 50% In A Trading Day; Sees Its Biggest Clients Halting Business With The Bank","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"silvergate-drops-over-50-in-a-trading-day-sees-its-biggest-clients-halting-business-with-the-bank","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:38","post_modified_gmt":"2023-04-10 07:30:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n
Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631292798770065408\n<\/div><\/figure>\n","post_title":"Silvergate Drops Over 50% In A Trading Day; Sees Its Biggest Clients Halting Business With The Bank","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"silvergate-drops-over-50-in-a-trading-day-sees-its-biggest-clients-halting-business-with-the-bank","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:38","post_modified_gmt":"2023-04-10 07:30:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n
Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n
Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631292798770065408\n<\/div><\/figure>\n","post_title":"Silvergate Drops Over 50% In A Trading Day; Sees Its Biggest Clients Halting Business With The Bank","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"silvergate-drops-over-50-in-a-trading-day-sees-its-biggest-clients-halting-business-with-the-bank","to_ping":"","pinged":"","post_modified":"2023-04-10 17:30:38","post_modified_gmt":"2023-04-10 07:30:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10201","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10163,"post_author":"15","post_date":"2023-03-02 21:27:12","post_date_gmt":"2023-03-02 10:27:12","post_content":"\n
Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n
Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n
On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n
Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n
On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n
Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n<\/figure>\n\n\n\n
Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n
On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n
Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n<\/figure>\n\n\n\n
Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n
On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n
After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n
Technical Analysis Of GBTC<\/h2>\n\n\n\n
Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n<\/figure>\n\n\n\n
Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n
On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n
\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n
According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n
\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n
Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n
Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n
Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n
In terms of investment, WeChat has made a significant impact on the Chinese market. It can be seen that this is a good opportunity to proceed with building a new trading system that focuses on cryptocurrencies.<\/li>\n<\/ul>\n\n\n\n
![\"Grayscale](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2023\/03\/Grayscale-Bitcoin-Trust-analysis-1160x492.jpg\")
<\/figure>\n\n\n\n