The Australian regulator reportedly searched the Binance offices. On Wednesday, news hit the wires of the Australian Securities & Investments Commission ( ASIC) investigating Binance’s Australian derivatives business. Increased regulatory scrutiny tested binance coin ( BNB) support, as the Australian Security and Investment Commission (ASIC) joined a growing list of regulators to investigate the exchange. It was another tough week for Binance and Binance CEO CZ.
XRPUSD 080723 Weekly Chart Binance Troubles Continued to Grow as Regulatory Scrutiny Intensified Welfare offered two real-use cases related to real estate tokenization, including allowing users to tokenize real estate as collateral for loans.įor the current week, XRP is down 3.67% to $0.4667, with the bears targeting a fourth weekly loss in five weeks. “CBDCs are gaining traction globally, and Ripple CBDC team are focusing in on real-world use cases for a CBDC or stablecoin.” Ripple CBDC advisor Antony Welfare had this to say, Ripple is actively exploring CBDCs and use cases of CBDCs and stablecoins in the real world. News of Ripple entering the tokenized real estate space was also XRP positive, with the Ripple platform continuing to grow despite the SEC v Ripple case.Ĭentral Bank Digital Currencies have gained traction this year. “UBRI has now established more than 50 university partners across six continents, awarded 590 fellowships and scholarships, and supported the publication of over 1,000 research articles and presentations.” Sharing the latest on Twitter, Ripple said, On Friday, Ripple shared updates on the UBRI program that started in 2018. Investors brushed aside Ripple-related news that, under normal circumstances, would deliver XRP price support, reflecting the bearish sentiment toward the Court silence. However, the documents failed to cause a market uproar, leaving investors in limbo until the summary judgments. The XRP community had hoped for a settlement before the SEC released the speech-related documents. Sentiment has deteriorated since the SEC released the William Hinman speech-related documents. The lack of Court rulings left XRP in a bearish trend pattern. It was another quiet week for XRP, with no updates from the ongoing SEC v Ripple case to provide direction. As part of the new strategic partnership, Binance Labs will support Xterio’s growth and the startup's token will become part of the BNB Chain ecosystem.XRP Underperforms on SEC v Ripple Silence Xterio previously raised a $40 million round in August 2022 that was co-led by Makers Fund, XPLA and the now defunct FTX Ventures. “The Xterio core team brings together experienced Web2 professionals with Web3 expertise we look forward to closely working with them to allow gamers around the world to experience rich on-chain gameplay.” “The Xterio ecosystem is expanding faster than ever and bridges free-to-play genres with on-chain gaming enhanced by AI capabilities,” said Yi He, co-founder of Binance and head of Binance Labs. The startup now plans to expand its AI-driven interactive experience and develop an AI toolkit that can generate consistent production-quality 2D and 3D assets. Xterio offers a free-to-play gaming platform and a GameFi-as-a-service product that helps developer partners create third-party games.
While the exchange has faced increasing regulatory scrutiny, Binance Labs has continued to invest in companies and recently grew its assets to $9 billion. Xterio plans to use the funding to further game and technology development, including artificial intelligence (AI) integration and the launch of its tokens.īinance Labs is the investment arm of Binance, the world’s largest crypto exchange by trading value, according to CoinMarketCap data. Binance Labs has committed to investing $15 million into Xterio, a Web3 game platform and publisher.
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