Cryptocurrency

2024

Internet Computer

Brad Garlinghouse, CEO of Ripple, has voiced support for the Chicago Mercantile Exchange’s (CME) launch of new reference rates and real-time indices for Ripple’s XRP and Internet Computer (ICP), set to commence on July 29. 
This initiative aims to provide accurate portfolio valuation information crucial for institutional crypto products. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 👀First step towards institutional crypto products is to have a trusted benchmark reference rate. Nice to see <a href="https://twitter.com/CMEGroup?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@CMEGroup</a> and <a href="https://twitter.com/CFBenchmarks?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@CFBenchmarks</a> collaborate on this for an XRP index. The market has spoken. <a href="https://t.co/cKqqMLswdw" target="_blank">https://t.co/cKqqMLswdw</a>— Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1811493403160641820?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 11, 2024</a>
 </blockquote> 
 </div>
</figure> 
Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products, highlighted that these new indices are part of a broader effort to provide pricing data for over 93% of the cryptocurrency market capitalization.&nbsp; 
The benchmarks will extract pricing data from major exchanges such as Bitstamp, Coinbase, and Kraken. Daily reference rates reflecting the U.S. dollar price of each asset will be published at 4 p.m. London time, while real-time indices will be updated every second, ensuring continuous access to accurate and reliable data. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/01/ripple-ceo-brad-garlinghouse-criticizes-dogecoins-utility/" target="_blank" rel="noreferrer noopener">Ripple CEO Brad Garlinghouse Criticizes Dogecoin’s Utility</a> 
</blockquote>

Brad Garlinghouse Supports CME’s Launch of XRP and ICP Indices

The Crypto Times

Andere artikelen gepubliceerd op 12 jul 2024

Beginner's Guide to Seamless NFT Transfers

Best Ways to Earn Passive Income With Crypto-6 Best Free Cloud Mining Platforms in 2024

Hamster Kombat’s Origins and Upcoming Airdrop, Founders Reveal Deep Insights

Stellar Price Prediction: How High Can XLM Price Trade in July?

Coinbase Analysts Shared Their Short and Medium Term Expectations for Bitcoin and Ethereum!

Web3 repeats legacy issues of access for Black and Latino founders, survey shows

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!