Bitcoin rises for a second day, and Ripple plans dollar-backed stablecoin: CNBC Crypto World
Today Bitcoin jumps to $67,000 Ripple announces plans to enter the dollar back stablecoin market and Google’s general counsel speaks with us exclusively on camera about the tech Giants lawsuit filed today against crypto scammers welcome to CNBC’s crypto world. I’m Mackenzie sallos cryptocurrencies in the green again today as Bitcoin jumps to the $67,000 level by noon that cryptocurrency was up 2.7% ether Rose 1% and xrp gained 1.7% okay let’s talk about the top stories Ripple is jumping into the $150 billion US stablecoin market the issuer behind the xrp token announced plans to launch a stable coin backed by US dollar Deposits bonds and other cash equivalent now Ripple is entering a field dominated by tether and circle last year payments Giant PayPal also entered the space with its own dollar-backed stable coin.
Ripple Enters Stablecoin Market
– Ripple announces plans to enter the $150 billion US stablecoin market.
– The issuer behind the xrp token is launching a stable coin backed by US dollar deposits, bonds, and other cash equivalents.
– This move brings Ripple into a field currently dominated by tether and circle.
SEC Seeks Comments on Ether ETFs
– The SEC is requesting comments on potential spot ether ETFs from proposals submitted by bitwise, Fidelity, and grayscale.
– Delays have been faced in the approval of spot ether ETFs, with experts indicating a more challenging path than that of spot Bitcoin ETFs.
Former Head of Legal of Onecoin Sentenced
– The former legal and compliance head of the crypto Ponzi scheme Onecoin has been sentenced to four years in prison for her involvement in the $4 billion fraud.
– Marina Del Kinska was also ordered to forfeit more than $11 million for her role in the operations of the Bulgaria-based company marketing the Onecoin cryptocurrency.
Google Files Lawsuit Against Crypto Scammers
– Google files a lawsuit against crypto scammers who defrauded over 100,000 individuals by uploading fake investment and crypto exchange apps to Google Play.
– This legal action is aimed at setting a precedent to protect users and combat fraudulent activities.
Google’s Legal Approach Against Crypto Scammers
– Google filed a lawsuit against crypto scammers to address fraudulent activities prevalent in the cryptocurrency sector.
– The lawsuit aims to protect users and set legal precedents to deter future fraudulent activities.
Protecting Users from Scammers
– Google’s legal team has taken proactive steps to combat crypto scammers and protect users from fraudulent activities.
– Users are encouraged to exercise caution and conduct thorough research before engaging with unfamiliar apps or investment platforms.
– Google’s partnership with third-party resources like scamspotters.org provides users with tools to identify and avoid potential scams.
Hot Take: Google’s Legal Battle Against Crypto Scammers
Google’s lawsuit against crypto scammers highlights the tech giant’s commitment to protecting users from fraudulent activities in the cryptocurrency sector. By taking legal action and setting precedents, Google aims to create a safer online environment for its users. This proactive approach demonstrates Google’s dedication to combatting fraudulent behavior and ensuring consumer safety in the digital space.
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