Binance, Shiba Inu & Ripple – American Wrap 03 August


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BNB, the ticker for the Binance Coin crypto, is trading horizontally after a stark drop from the April highs. The sideways move comes as the broader cryptocurrency market continues without a catalyst, with Bitcoin (BTC) price leading the altcoins in the steady slide. For Binance Coin, however, the dormancy comes as the BNB network remains subject to regulatory scrutiny, with both the exchange and its CEO facing civil charges from US regulators.

Shiba Inu, a crypto project that gained popularity as a meme coin, is gearing up to find utility among serious investors. A representative of the Shiba Inu blockchain told CoinDesk that SHIB has plans to implement digital identity verification for applications in its ecosystem. This could bring SHIB to par with its peers in the DeFi ecosystem.

 

Ripple’s partial victory versus the US Securities and Exchange Commission’s (SEC) has helped the cross-border remittance firm make the decision to re-engage with the US market. The payment firm is already making strides in its partnerships in regulated places like the UK, Europe, Singapore, Dubai and the Middle East. 

 

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