Play-to-earn Axie Infinity's $AXS token rallies following its Apple app store debut. Bitcoin struggles to break the $27K mark. LedesmaLyllah reports
. The game will initially launch in the Apple store across Latin America and Asia. Bitcoin traded down on Wednesday, struggling to hold the $27,000 mark as investors keep a close eye on developments around raising of the debt ceiling in the U.S. The world’s largest cryptocurrency by market value has lost 9% over the past month.U.S. regulatory uncertainty have been offered a welcome in France, by officials boasting a regulatory framework that offers relative predictability.
The European Union member already boasts around 74 registered crypto companies. “In France, we are proud to be pioneers,” said Benoît de Juvigny, Secretary General of the Autorité des marchés financiers , noting his country’s crypto service asset provider regime – known as PSAN – was passed in 2019, “If American players want to benefit, in the very short term, from the French regime, and from the start of 2025 from European arrangements, clearly they are welcome,” he added.
Using distributed ledger technology in securities markets could create savings north of $100 billion per year,. In a paper published Tuesday evening, the Global Financial Markets Association called for regulators to allow the technology that underpins crypto to aid collateral management, asset tokenization and sovereign bond markets.“ Distributed ledger technology holds promise for driving growth and innovation,” said Adam Farkas, Chief Executive of GFMA, whose affiliates in the U.S.
Payments-focused XRP has been the most active cryptocurrency of the past 24 hours, with volume growth of over 200%. The notional open interest, or the dollar value locked in open futures contracts, has increased by 9%, signaling an influx of new money into the market.
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