Crypto Currency

StreetCred Is Challenging Google Maps—and It Wants Your Help

New York City, and Christiana Ting didn’t realize just how many urgent care facilities there were until the app told her to start looking for them. “They were giving extra points for medical offices, and I found them, I think, on every block,” she says. “I’m not sure what that says about the neighborhood where…


New York City, and Christiana Ting didn’t realize just how many urgent care facilities there were until the app told her to start looking for them. “They were giving extra points for medical offices, and I found them, I think, on every block,” she says. “I’m not sure what that says about the neighborhood where I work.”

Ting was one of 761 New Yorkers who downloaded, played with, and occasionally became obsessed with an app called MapNYC this fall, vying for their share of an 8-bitcoin prize (worth about $50,000 at the time). The month-long contest, run by a new mapping startup called StreetCred, was really an experiment. StreetCred’s main research question: How do you convince regular people to build and verify mapping data?

It turns out that the maps that guide you to the nearest Arby’s, or help your Lyft driver find your house, don’t just materialize. “I took mapping for granted until I started the competition,” Ting says, even though she pulls up Google Maps at least twice a day. “But it’s such an inconvenience if the info on the map is wrong, especially in a place like New York, that’s changing all the time.”

For regular folk, detailed, reliable mapping info is helpful. For businesses, it can be crucial. Some want to be found when a map user searches for the nearest sandwich shop. Others use products that rely on base maps—think Uber, the Weather Channel, your car’s navigation system—and require up-to-date location data. “One of the huge challenges to any geographic database is its currency,” says Renee Sieber, a geographer who studies participatory mapping at McGill University. That is to say, yesterday’s map is no good to anybody doing business today.

Validated and unvalidated data points in Queens, New York, a few weeks before the conclusion of the MapNYC contest. StreetCred CEO Randy Meech says he suspects Uber and Lyft drivers were adding this data as they picked up, dropped off, and waited for fares near John F. Kennedy International Airport.

StreetView

StreetCred sees that as an opportunity. “There’s a lot of companies, none of whom I can name, who have location data, and that data needs improvement,” says

Read More

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Currency

Why Did the Crypto Market Crash Today?

The post Why Did the Crypto Market Crash Today? appeared first on Coinpedia Fintech News In just the past hour, the crypto market lost nearly $90.3 billion in value, with the total market cap falling 3.37% to around $2.59 trillion. Bitcoin, the world’s largest cryptocurrency, dropped to nearly $77,678…

The post Why Did the Crypto Market Crash Today? appeared first on Coinpedia Fintech News
In just the past hour, the crypto market lost nearly $90.3 billion in value, with the total market cap falling 3.37% to around $2.59 trillion. Bitcoin, the world’s largest cryptocurrency, dropped to nearly $77,678…
Read More

Continue Reading
Crypto Currency

XRP beat bitcoin gains as CLARITY Act advanced, but a real bullrun still needs Congress

Markets XRP beat bitcoin gains as Clarity Act advanced, but a real bullrun still needs Congress The token jumped 5% after a Senate committee moved the market-structure bill forward, reviving hopes that legal clarity can pull deeper institutional money into XRP products. By Shaurya Malwa Updated Jun 2, 2026, 4:52 a.m. Published May 16, 2026

Markets

XRP beat bitcoin gains as Clarity Act advanced, but a real bullrun still needs Congress

The token jumped 5% after a Senate committee moved the market-structure bill forward, reviving hopes that legal clarity can pull deeper institutional money into XRP products.

Make preferred on

Share this article
X iconX (Twitter)LinkedInFacebookEmail

Make preferred on

(CoinDesk)
Summary

  • XRP jumped above $1.50 after the Senate Banking Committee advanced the Digital Asset Market Clarity Act, a key step toward clearer U.S. rules for crypto markets.
  • The bill, which still faces several legislative hurdles, would give institutions a more defined framework for custody, trading, market making and ETF allocation of digital assets including XRP.
  • Growing institutional use of the XRP Ledger for tokenized assets, DeFi activity and spot XRP ETF inflows underscores rising demand even as the token remains below its 2025 highs.

XRP traders got the regulatory headline they had been waiting for on Thursday after the Senate Banking Committee advanced the Digital Asset Market Clarity Act in a 15-9 vote, moving one of Washington’s main crypto market-structure bills closer to a full Senate fight.

XRP traded zoomed above $1.5 after the vote, adding 5% over a 24-hour period and 7.6% on the week, making it one of the stronger performers among major tokens such as bitcoin and ether, which have added under 3% for the week.

The outsized reaction came as few large crypto assets have been shaped as directly by U.S. regulatory uncertainty as XRP.

The SEC sued Ripple in December 2020, setting off years of exchange suspensions, institutional hesitation and legal noise around whether XRP could trade freely in U.S. markets. A 2023 ruling from Judge Analisa Torres helped clear secondary-market XRP trading from being treated as securities transactions, but the broader market never got what large allocators usually want – federal legislation that is harder for a future regulator to reinterpret.

The CLARITY bill would put more digital assets under a defined market-structure regime and give institutions a cleaner framework for custody, trading, market making and ETF allocation.

Ripple CEO Brad Garlinghouse called the committee vote “the moment” in a post on X, saying the industry deserves “the same rules and protections as every other asset class.”

The Senate Banking version still has to merge with the Agriculture Committee version, pass the full Senate, survive House reconciliation and reach the president’s desk. Senator Cynthia Lummis has said lawmakers have agreement on most of the bill, while Senator Elizabeth Warren has objected to parts of the process. The Memorial Day recess gives the current push a practical deadline.

Optimism and demand for XRP stems from several fundamental factors directly impacted both the token and its closely-related firm Ripple.

Alexis Sirkia, an early XRP and Ethereum market maker who now leads decentralized clearing firm Yellow Network told CoinDes that the “the real story of XRP in mid-2026 will not be its consolidating price, but the quiet, almost imperceptible rewiring of global finance.”

“With legal clouds lifted and institutional capital proving remarkably sticky, the XRP Ledger is transforming into a compliance-grade tokenization and settlement layer, speaking the precise language that institutional capital does,” Sirkia added.

The XRP Ledger, the underlying network of xrp tokens, has recorded a bump in activity in the past few months. Tokenized real-world assets on the chain have crossed $3 billion, placing it among the leading non-Ethereum networks for institutional tokenization.

Last week’s Ripple-JPMorgan-Mastercard-Ondo pilot processed a tokenized U.S. Treasury redemption in under five seconds, demonstrating the chain can bridge public blockchain rails with traditional interbank settlement.

Meanwhile, the broader DeFi ecosystem built around XRP through bridged representations has grown to over $560 million in combined value locked, led by Flare and Doppler Finance.

U.S.-listed spot XRP ETFs drew $25.8 million in net inflows earlier this week in their largest daily haul since early January, bringing cumulative inflows to $1.35 billion.

The inflows followed Ripple’s closing of a $200 million debt facility for its Ripple Prime brokerage and a successful pilot tokenized U.S. Treasury settlement on the XRP Ledger with JPMorgan, Mastercard and Ondo Finance.

As such, XRP remains well below its 2025 highs, and the $1.50 area continues to act as the level bulls need to reclaim.

The committee vote gave XRP a catalyst. Full legal clarity is still the trade.

Latest Crypto News
  1. 1
    Forget max pain theory. Bitcoin is well below the $72,000 magnet going into $10 billion options expiry

  2. 2
    Live markets: Bitcoin, ether lead $1 billion liquidation losses as AI trade keeps going

  3. 3
    MemeCore’s M token suddenly crashes 80% with no clear trigger

  4. 4
    Ripple’s RLUSD stablecoin goes live in Japan after regulatory approval

  5. 5
    Bitcoin has a new line in the sand. Thursday’s core PCE could stress test it.

  6. 6
    XRP slides 2.8% as weak bounce keeps $1 support in focus

  7. 7
    Bitcoin back above $60,000, ETH, SOL recoup losses as AI stocks stage rebound

  8. 8
    Upheaval at the Ethereum Foundation has some of crypto’s biggest names feeling bullish

  9. 9
    Kalshi targets a massive $40 billion valuation, widening lead over rival Polymarket

  10. 10
    Binance withdraws Greek MiCA bid but vows to remain in Europe

Latest Research
CoinDesk

CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High

In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

Why it matters:

In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

View Full Report
More From Markets
Magnet. (pithonius/Pixabay)

Forget max pain theory. Bitcoin is well below the $72,000 magnet going into $10 billion options expiry

BTC falls to its 2src-day moving average. (Meg Boulden/Unsplash)

MemeCore’s M token suddenly crashes 80% with no clear trigger

Japan flag in front of a building (Roméo A./Unsplash)

Ripple’s RLUSD stablecoin goes live in Japan after regulatory approval

!–>!–>!–>!–>
Read More

Continue Reading
Crypto Currency

Strategy has put Bitcoin sales on the table for repurchases – but will it affect BTC price?

Strategy agreed on May 15 to repurchase roughly $1.5 billion principal of its 2029 convertible notes for an estimated $1.38 billion in cash. The firm told investors in its Form 8-K that it may fund the repurchase with available cash reserves, ATM sale proceeds, and/or Bitcoin sale proceeds…

Strategy agreed on May 15 to repurchase roughly $1.5 billion principal of its 2029 convertible notes for an estimated $1.38 billion in cash. The firm told investors in its Form 8-K that it may fund the repurchase with available cash reserves, ATM sale proceeds, and/or Bitcoin sale proceeds…
Read More

Continue Reading
Crypto Currency

Take your shot at a solo-mining win with this $60 desktop Bitcoin miner (+ free shipping)

Macworld TL;DR: The BlockChance™ Bitcoin Ticket Miner is a compact, silent solo-mining device with a touchscreen display, Wi-Fi support, and 1,000 KH/s hashing power for $59.99 with free shipping. There’s something undeniably funny—and also kind of amazing—about the idea that a tiny gadget sitting on your desk could technically mine an entire Bitcoin block…

Macworld

TL;DR: The BlockChance™ Bitcoin Ticket Miner is a compact, silent solo-mining device with a touchscreen display, Wi-Fi support, and 1,000 KH/s hashing power for $59.99 with free shipping.

There’s something undeniably funny—and also kind of amazing—about the idea that a tiny gadget sitting on your desk could technically mine an entire Bitcoin block…
Read More

Continue Reading