U.Today’s news digest helps you stay tuned with the latest happenings in the crypto world
Check out the top four news stories from the past day brought to you by U.Today.
XRP standard to be used by the major Commonwealth bank: details
According to an announcement from the largest financial conglomerate Bank of Australia, CommBank, it will begin migrating cross-border payments to the ISO 20022 standard this month. CommBank aims to complete the transition of all its payments to the advanced standard in three years. Interestingly, Ripple already meets the standard as its RippleNet network was originally developed to comply with the ISO 20022 standard. The only similar company is Stellar, which was, like Ripple, co-founded by JedMcCaleb. CommBank is not even the first major Australian bank to strive to meet the new interbank correspondent standard. In March this year, National Australia Bank (NAB) began adopting ISO 20022 through RippleNet.
SHIB sets new record in this metric, price weighs next move
Data provided by WhaleStats shows that Shiba Inus the number of holders continues to set new highs, with its current number standing at 1,274,161. Notably, the percentage of long-term holders (holding SHIB for more than a year) outnumbered short- and medium-term speculators term. Thus, 51% of SHIB holders have held their tokens for more than a year, 43% have held them for less than a year and 6% have held their tokens for less than a month. Even though the number of holders has little immediate impact on the price of the asset, it signifies long-term interest in the asset. Meanwhile, SHIB is slowly recovering from a low of $0.00000854, currently changing hands at $0.00000916.
XRP makes more and more sense now: David Gokhshtein
In a recent tweet, crypto influencer and founder of Gokhshtein Media David Gokhshtein said assets like XRP “make more and more sense now” if you zoom out and look at the bigger picture. As most cryptocurrencies, including XRP, have underperformed so far this year, Gokhshtein says he was referring to current events rather than price. Meanwhile, amid the current crisis, Ripple unveiled its expansion. Ripple CEO Brad Garlinghouse gives the stats as follows: $30 billion in payments on RippleNet for fiat and crypto, and Ripple’s ODL enters its sixth continent, Africa, under the new partnership of the company with MFS Africa, a digital payment gateway.
SHIB Lead Developer Posts Mysterious Tweet: “Initial Design Approved” – Shibarium?
Shytoshi Kusama, lead developer of Shiba Inu, recently shared a mysterious but seemingly bullish tweet with his followers. In this tweet, Kusama said that the “initial design” had been approved and he could now “double down”. However, the developer didn’t specify what exactly this positive news was about, causing SHIB enthusiasts to speculate in the comments: some suggest it was Shibarium, while others believe the post was about the Shiba Eternity 2 mobile game. Still, Kusama did not comment on the matter. Overall, however, despite the murky tweet, the community reaction has been positive. In the meantime, earlier this week, the SHIB team unveiled two new metaverse hubs: “Dunes” and a tech trench hub.