- Ripple, Hedera, and Aptos form MiCA crypto alliance with DSF support.
- XRP Soars 22% amidst market downturn.
- Ripple and Bitstamp launch XRP-based derivatives exchange.
Ripple, Hedera, and the Aptos Foundation joined forces to establish the MiCA crypto alliance, with technical expertise from the DLT Science Foundation (DSF). The alliance aims to simplify compliance procedures throughout the blockchain sector, promoting uniformity, transparency, and environmental friendliness. As per the post, the MiCA Crypto Alliance will provide standardized tools and resources to help industry players navigate the complexities of compliance regulations. The alliance aims to build a more trustworthy cryptocurrency ecosystem and reduce compliance costs by simplifying the compliance process.
As members of the alliance, Hedera, Ripple, and Aptos will gain exclusive access to advanced tools for sustainability assessment and white paper development. Additionally, they will receive strategic guidance and technical support from the DLT Science Foundation. Together, these members will play a crucial role in setting new standards and shaping the future of cryptocurrency compliance.
The MiCA Crypto Alliance welcomes new members to join its mission of creating a more compliant and sustainable cryptocurrency ecosystem. By working together, the alliance can ensure that the industry continues to grow and thrive while adhering to regulatory standards.
Ripple’s Continued Success, XRP Top Gainer
Since the beginning of Q3, XRP, Ripple-affliated token, has outperformed all major cryptocurrencies. While Bitcoin, Ethereum, and other leading tokens have experienced significant declines, XRP has surged by 22.32%. This impressive performance highlights the blockchain firm’s growing strength and potential within the cryptocurrency market.
In related development, Ripple and Bitstamp [acquired by Robinhood], have jointly launched a brand-new digital derivatives exchange built entirely on the XRP ledger. This initiative could accelerate crypto adoption at unprecended levels, especially with Ripple’s strategic stake in the crypto exchange Bitstamp.
Eva Gartner, Head of Strategic Partnerships and Corporate Development at Bitstamp, stated, “We are launching our own derivatives exchange in the next few months, so that’s something we are most excited about and really hope to cooperate closely with Ripple there as well in the final stage of integration of really some top 30 commercial banks globally on Bitstamp as a service, so these commercial banks will offer crypto through Bitstamp, so that’s definitely something we are very proud of.”
