Cardano’s Node 10.11 Upgrade and XRP’s ETF Applications Spark Mixed Reactions in a Shifting Crypto Landscape
The post Cardano’s Node 10.11 Upgrade and XRP’s ETF Applications Spark Mixed Reactions in a Shifting Crypto Landscape appeared on BitcoinEthereumNews.com.
Cardano’s latest upgrade has sparked debates while XRP gains traction with institutional interest, coinciding with a Bitcoin surge post-Trump’s victory. The recent developments in the crypto landscape are indicative of a potential shift in regulatory sentiment, possibly enhancing investor confidence. “The momentum in the crypto market following Trump’s election signals a renewed interest in digital assets,” noted a spokesperson from COINOTAG. Explore how recent upgrades in Cardano, institutional support for XRP, and political shifts are shaping the future of cryptocurrencies amidst heightened market dynamics. Cardano’s Node 10.11 Upgrade: A Step Towards Decentralization On November 1st, the Cardano community reached a significant milestone with the launch of the Node 10.11 upgrade, which paves the way for enhanced decentralized governance. This update represents considerable progress for the platform, as it aligns with the implementation of the anticipated Chang #2 hard fork. The Intersect Member Organization (MBO) has emphasized that the upgrade will allow stakeholders to participate in decision-making processes, thereby fostering a more democratic blockchain environment. “Following a successful Chang #2 hard fork, decisions on the Cardano blockchain will be shaped and voted on via fully decentralized governance, as detailed in CIP-1694,” stated Intersect. However, reactions within the community remain mixed regarding the leadership of Charles Hoskinson, the co-founder of Cardano. A recent poll indicated significant division in opinion about his influence on the project. XRP Trusts and ETF Applications: Growing Institutional Interest This week saw Grayscale launching a trust fund based on XRP, while 21Shares submitted an application for an XRP ETF. This indicates a burgeoning interest from institutional investors, despite the heightened regulatory scrutiny from the SEC. Historically, Grayscale has found success with similar ventures; their Bitcoin ETF, previously a trust, has paved the way for further crypto-based products. While the new XRP trust was officially launched, its market value…
Filed under: News - @ November 9, 2024 4:22 pm