In today’s crypto news:
American Express Embraces XRP for Global Transactions
American Express has officially adopted XRP for faster and more cost-effective global transactions. This is exciting news, and it could be a catalyst for XRP’s price to skyrocket. Following its victory in the SEC lawsuit, XRP has been on a roll, and I believe the future looks bright. I’ve been holding XRP for a while now, and I plan to continue doing so.
Bitcoin’s Recovery
Bitcoin has bounced back to $61,000. While it might rise a bit further, a dip is likely as the price stabilizes. The recent price recovery has also led to a surge in transfer volume, though we can expect this volume to decrease again as the market stabilizes.
Bullish Sentiment Ahead of Jerome Powell’s Speech
The crypto markets are turning bullish, with everyone eagerly awaiting Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Symposium. The event will be hosted by the Kansas City Federal Reserve from August 22nd to August 24th, with Powell addressing the audience on Friday morning. What do you think he’ll say? Could his speech significantly influence the crypto markets?
Cambodia’s National Bank Launches Tourist Payment App
The National Bank of Cambodia has launched a new app to enhance payment options for tourists through its blockchain-based Bakong payment system. This system increases the convenience of using Bakong, particularly in a country with only 5,000 ATMs, 55,000 point-of-sale (POS) systems, and a population of 16.8 million.
Justin Sun’s Whale Wallet Worth $1 Billion
Justin Sun’s whale wallet is currently worth $1 billion, containing a diverse portfolio that includes Tron, USDD, USDJ, Bitcoin, BitTorrent, Wrapped Tron, Aave v3 Tokens, NFTs (worth $8.74 million), Wrapped Ether, Shiba Inu, Wink, Ethereum, HTX, USDT, LSK, MATIC, LINK, and ZRX. That’s a lot of coins—I wish I had a portfolio like that!
And that concludes today’s blog. Please remember that this is not investment advice—just news. Make sure you do your research before making any investment decisions.
Thank you,
Crypto King
