Ripple devs propose updates following recent XRPL AMM approval 😋😌
Following the passing of the XLS-30D amendment on Jan. 31, which introduced the Automated Market Maker (AMM) feature to the XRP Ledger (XRPL), Ripple’s development team has moved to address and propose crucial updates aimed at refining this newly added functionality.
The necessity for these updates emerged from a technical complication discovered during exhaustive integration tests. It was found that AMM transactions could face delays if the trading fee is set below the minimal threshold of 0.01%. This specific issue could hinder the immediate execution of transactions within the same ledger cycle post the creation of an AMM, especially when trading fees are lower than the stated limit.
Bitcoin reaches highest monthly volume since September 2022 😏😝
In January, analysts recorded a record trading volume in the blockchain of the first cryptocurrency; the figure amounted to $1.21 trillion.
The last time trading volume on the Bitcoin network rose above $1 trillion was only in September 2022, according to The Block. At that time, Bitcoin (BTC) was trading at around $20,000.
According to CoinMarketCap, the first cryptocurrency is trading at $43,089 at the time of writing. Over the past 24 hours, the asset’s price has strengthened by 0.6%. The highest level over the past 24 hours was $43,147 and the lowest was $42,283. Bitcoin’s market capitalization is now $845 billion, with daily trading volume exceeding $15.6 billion.
Vitalik Buterin’s Zuzalu Retreat Spurs Ethereum-Backed ‘Zu-Villages’ – What’s Behind This Mysterious Gathering? 😝😛
Last year in May, Ethereum co-founder Vitalik Buterin helped organize an exclusive two-month gathering called Zuzalu in Montenegro.
Around 200 invitees discussed topics like cryptography and longevity while enjoying dinners and swims along the Adriatic Sea coastline. Details were scarce, but the hush-hush retreat has now inspired a new initiative—spinoff “Zu-villages” funded by Ethereum grants.
Google to tweak crypto ad policy, amplify Bitcoin ETF visibility 😜😝
Google, a subsidiary of tech conglomerate Alphabet, is on the verge of a significant policy update set to take effect on Jan. 29, which could alter the landscape of cryptocurrency advertising.
Now that the U.S. Securities and Exchange Commission’s (SEC) approved 11 spot Bitcoin (BTC) ETFs on Jan. 10, Google is expected to amend its rules and enable asset managers to advertise these products to a broader U.S. audience.
This move follows Google’s recent decision to broaden its cryptocurrency and related products’ policy, now providing advertisers with specific guidelines for promoting what it calls “cryptocurrency coin trusts.”
OKX announces user compensation plan in wake of OKB price crash 😌😌
Crypto exchange OKX faced significant market turbulence this week as its native token, OKB, experienced a nearly 50% drop in value in a brief timeframe.
#OKX#Crypto