Caitlin Long, the CEO of Custodia Bank, a digital asset bank based in Wyoming, has been striving to bring about sound banking practices in the Bitcoin space while bridging the gap between traditional banking and digital assets. With a 22-year background in Wall Street, Long is attempting to get Custodia recognized as a digital asset bank with Federal Reserve account, despite facing opposition from regulators. However, Long remains optimistic about the policy issue generally and believes that Bitcoin will become stronger and more resilient as a result of regulatory pushback. She also talked about the potential benefits of Bitcoin for the United States’ strategic and national security interests and the importance of closing the gender gap in Bitcoin interest and adoption.
In other news, Chancer, a blockchain-based project designed for peer-to-peer betting, is currently holding its token presale, providing a chance for crypto investors and betting enthusiasts to secure CHANCER tokens before public release. The platform allows its users to generate their own betting markets and will facilitate peer-to-peer betting. The presale has 12 stages, with the price of CHANCER tokens increasing from stage one to stage 12. As the project grows, it intends to transition into a decentralised autonomous organisation, with user focus and impartial market moderators. The tokens’ value will be linked to the success of Chancer’s peer-to-peer betting concept.
Lastly, the meme coin PEPE, known for its distinctive frog logo, is experiencing a resurgence in popularity, with its price increasing by almost 10% in the past week and breaking through a bearish trendline. Investors are speculating on potential gains in the short term, primarily fueled by Bitcoin’s rise in value. However, PEPE bulls face resistance at the $0.00000115 level, which marks an important threshold. A successful session close above this resistance could signal a break from the bearish slide and increase investor confidence, while failure to reclaim this level could reintroduce sellers into the market and create opportunities for shorting. PEPE’s fortunes are closely tied to the performance of Bitcoin.
Overall, the blockchain industry continues to evolve, with entities like Custodia Bank and Chancer paving the way for further adoption and innovation. Meanwhile, investors continue to keep a watchful eye on the performance of meme coins like PEPE, which may prove to be lucrative in the short term. As this technology continues to mature, it’s likely that more exciting developments will emerge, driving interest and adoption of blockchain technology further.