The native token of one of the oldest blockchains, Litecoin, is going through a challenging phase. After its third halving event, the price of LTC has dropped by almost 50%.   However, Litecoin investors seem to remain optimistic about the project’s long-term prospects. Key…

As part of the new systеm, a digital deposit token will be utilized. This payment and settlement systеm aims to significantly increase the speed of financial transactions while simultaneously reducing their costs.

The deposit token will represent a digital version of client deposits. It will enable the transfer of funds to other banks or be used for transactions involving tokenized securities.

However, JPMorgan currently faces a challenge – the bank cannot fully complete and implement the systеm without approval from American regulators. According to Bloomberg sources, once such approval is obtained, the systеm could be launched for corporate clients within a year.

Research firm Kaiko has reported that the volume of transactions in Russian rubles on the cryptocurrency exchange Binance has dropped nearly sixfold.

According to the company, in 2021, the average monthly trading volume in ruble pairs reached $507 million. In 2023, this figure dropped to $85 million. During the same period, the volume of transactions in Ukrainian hryvnias decreased even further, practically approaching zero.

The published graph illustrates that the trading volume in ruble pairs sharply increased to $800 million after the start of the military special operation in Ukraine. However, the volume of transactions then dropped sharply to $200 million, most likely due to the introduction of a limit for Russians on the maximum allowable balance of €10,000. In April 2023, the company lifted this restriction but did not announce it publicly

One of the oldest cryptocurrency exchanges, Bitfinex, is investing its profits into Bitcoin (BTC) and holding them on its balance sheet as a “long-term commitment” to the original cryptocurrency. This news came to light after a tweet from Bitfinex’s CTO, Paolo Ardoino, in which he hinted that the exchange had reinvested at least some of its profits into BTC.

Founded in 2012, the Bitfinex trading platform is closely associated with the issuer of the USDT stablecoin, Tether, which has also issued several other stablecoins backed by fiat currencies.

This year, Tether also added Bitcoin to its balance sheet, and now holds 54,000 BTC worth approximately $1.58 billion.

According to the developers, funds were withdrawn from the ETH/BSC hot wallets. An investigation into the incident is currently underway. Stake.com representatives emphasized that user funds and other project wallets remain secure. At the moment, the platform has suspended all deposits and withdrawals.

It appears that hackers managed to gain access to the private keys of the wallets. However, it is still unclear whether the attackers stole the key itself from the developers or exploited some vulnerability in the hot wallet interface or service.

The funds were withdrawn in two transactions. Initially, the hackers withdrew $15.7 million, which included 6,000 ETH ($9.8 million) and $5.9 million in stablecoins. Subsequently, an additional $25.6 million was withdrawn, with $17.8 million going to the BNB Chain network and $7.8 million in assets on the Polygon network.

Despite the SEC’s continued postponement of decisions regarding spot Bitcoin ETF applications, some experts remain optimistic about future approvals. There is speculation that BlackRock, the world’s largest asset manager, may be accumulating or planning to accumulate a substantial amount of BTC in the near future. Such discussions are prevalent on platforms like X and Reddit. For instance, on August 27, 2023, a Reddit user named “Kit” posted “Blackrock is buying your bitcoins,” which garnered 2,768 likes and was shared 346 times.

Asset managers are closing their short positions on Bitcoin, wrote the user “Cryptooonplug.” They probably know something we don’t. BlackRock is buying BTC

The price of XRP has significantly increased following a court decision classifying the token as not being a security. This decision marked the end of a lengthy legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC).

However, the future prospects of XRP remain uncertain, especially considering that the SEC is preparing to challenge the judge’s verdict. To gain an insight into the future price movement, machine learning algorithms from PricePredictions.com have made a price forecast for the token in the first month of autumn.

According to their calculation, on September 30, 2023, XRP will be trading at around $0.52, slightly higher than the current price of $0.51.

Brian Armstrong proposed the creation of a so-called “flatcoin” – a decentralized stablecoin designed to track inflation for preserving purchasing power. This token could be backed by a basket of assets or function algorithmically.Armstrong noted that there are already services that could potentially track inflation to further decentralize it. According to him, people are not willing to spend bitcoins, and stablecoins backed by fiat currencies suffer from inflation just like regular money.He then suggested implementing a “reputation on-chain” systеm, which would assign ratings to addresses or names within the Ethereum Name Service (ENS) based on their activity on the blockchain. This systеm could be used for credit and fraud prevention.

According to data presented in the NMLS licensing systеm, on August 28th, a license was approved for X in Rhode Island. This license is necessary for providing services related to digital assets.

It is not yet known what features of cryptocurrency payments X will offer, but obtaining this license is seen as a positive sign for the future of cryptocurrency on the platform, according to social media users.

In the past, X has taken several steps towards integrating cryptocurrency on the platform. The ability to receive Bitcoin tips was added, and users can now set non-fungible tokens (NFTs) as profile images.

According to a blog post from the exchange, Binance has already implemented a similar approach with its users from Belgium. Now, in order to continue using Binance, residents of Belgium need to accept the Polish user agreement and undergo verification procedures aligned with Poland’s requirements. Recently, Binance restricted its clients in Russia from conducting transactions with any currency except the ruble through its P2P service. Binance users from Russia who are located outside the country “can continue to trade using the P2P service with all fiat currencies except RUB, EUR, USD, and UAH.”