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Dan Burgin

Deutsche Bank Adopts Ripple Tech as XRP Loses $1.42 Support and CZ Backs UAE Bitcoin Mining

Deutsche Bank plans to leverage Ripple's blockchain-based infrastructure to speed up and reduce the cost of its cross-border payments. Around Feb. 19, XRP slipped under its 200-week moving average near $1.419 and lost support at $1.42, while the UAE has reportedly mined about $453.6 million in Bitcoin and holds over $1 billion in BTC, a push Binance's Changpeng Zhao says he supported. These developments highlight institutional interest in Ripple's solutions, shifting XRP price dynamics, and the UAE's growing role in Bitcoin mining.
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