Banks Invest $10.27 Billion in Crypto; XRP Tops Altcoins

In a noteworthy development within the banking and cryptocurrency domains, 19 major banks spanning North America, Europe, and other global regions have revealed significant investments in diverse crypto assets. As per the latest report from the Basel Committee on Banking Supervision (BCBS), these banks have collectively disclosed crypto asset exposures amounting to €9.4 billion, equivalent to approximately $10.27 billion.

Timeline of Xrp

In a recent episode of Ripple's YouTube series “Crypto in One Minute,” James Wallis, VP of Central Bank Engagements, shared his expertise on how Central Bank Digital Currencies (CBDCs) could be instrumental in fostering financial inclusion across the globe.

A closely followed crypto strategist says that XRP looks primed for a rally as it flashes a couple of bullish signals. Analyst Ali Martinez says on the social media platform X that the Tom DeMark (TD) Sequential indicator is giving off a bullish reading for XRP.

In a recent development surrounding the cryptocurrency market, attorney John Deaton, known for his expertise in crypto law, has offered advice to XRP investors following a deceptive report about a BlackRock XRP ETF.

SEC chair Gary Gensler recently gave a speech that drew ire from crypto critics on X.com. Ripple Chief Legal Officer Stuart Alderoty tore into Gensler on the social media platform.

The price of XRP could soon surge to reach $1.35 in the near future as the cryptocurrency's open interest recently surged, and a break above a key trendline could be the “start of an aggressive move for XRP.

Ripple's chief legal officer, Stuart Alderoty, has some blunt remarks for the U.S. Securities and Exchange Commission (SEC) and its chairman Gary Gensler. Alderoty recently claimed that the SEC is facing legal defeats and is also being lambasted by federal judges due to its shady behavior and concealment of key information.

In a recent exclusive Fireside Chat hosted by LinkedIn's Community Director Ray Fuentes, Wall Street financial expert Linda P. Jones shared valuable insights about Ripple Labs and the broader crypto market.

Wall Street financial expert Linda Jones recently offered a detailed forecast regarding the potential Initial Public Offering (IPO) of Ripple. Speaking at a Fireside chat with Linqto, a pre-IPO investment platform, Jones outlined her insights into the expected timeline and factors influencing Ripple's decision to go public.

Ripple's CLO Stuart Alderoty backlashes US Securities and Exchange Commission's (SEC) chairperson Gary Gensler on his recent remarks. In his recent speech, Gensler cited the wisdom of the first-ever SEC Chair, Joseph P.

XRP, a cryptocurrency backed by Ripple Labs, is once again creating a bustle in the realm of cryptocurrencies as the XRP community saw enormous amounts of whale transactions in the last few days. The colossal amounts of XRP transfers made to exchanges caught the eyes of crypto market enthusiasts, as a series of whale transactions