Author: mehdi

Mehdi is a news writer specializing in the world of cryptocurrencies, with a keen interest in all things blockchain and digital currencies. Passionate about staying up to date on the latest developments in this rapidly changing industry, and I love nothing more than sharing my insights and analysis.

In an exclusive interview with CNBC, Ripple CEO Brad Garlinghouse expressed concerns over the “confusing” regulations in the United States, predicting that more crypto companies will choose to relocate outside the country. Garlinghouse pointed to Europe, the UAE, the UK, and Singapore as regions providing clear regulatory frameworks for digital assets, especially cryptocurrencies, attracting entrepreneurial talent and investment.

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In a continuation of a downward trend, digital asset investment products have witnessed their fourth consecutive week of outflows, totaling US$54m. This brings the overall outflow to US$200m, representing 0.6% of the total assets under management (AuM). The recent decline in prices has resulted in a 13% decrease in total AuM since its peak in mid-April.

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