On Tuesday, Ripple CEO Brad Garlinghouse revealed that the New York State Department of Financial Services (NYSDFS) has granted final approval for the firm’s inaugural stablecoin, RLUSD. Ripple Set To Enter Stablecoin Market With the release of RLUSD, Ripple hopes to provide a reliable option for clients interested in digital currencies while limiting the volatility
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Ripple Labs is on the verge of receiving approval from New York’s top crypto regulator for its new stablecoin, RLUSD. According to a Fox Business report, the New York Department of Financial Services (NYDFS) is expected to greenlight the stablecoin, with a potential launch date set for December 4. Ripple Set To Launch RLUSD Stablecoin
XRP has surged past the $1.62 level, placing it less than 5% away from the crucial $2 mark. This impressive rally has seen the price gain over 50% since last Tuesday, capturing the attention of both investors and analysts. The bullish momentum suggests the price could continue its upward trajectory, fueled by growing optimism and
Ripple President Monica Long has revealed that the company’s upcoming US dollar stablecoin, Ripple USD (RLUSD), has already secured early customer commitments prior to its official launch. Speaking at the Singapore Fintech Festival, Long emphasized that stablecoins are set to become a “massive trend” in the payments industry. Ripple Is Waiting For Regulatory Approval In
20 minutes ago The crypto exchange is one of the big winners from the United States elections on Nov. 5. 275 Total views 1 Total shares Listen to article News COINTELEGRAPH IN YOUR SOCIAL FEED Shares of cryptocurrency exchange Coinbase Inc. (COIN) surged more than 20% on Nov. 11, pushing the stock past $300 for
The six-hour train journey from Nairobi, Kenya’s capital, to the coastal city of Mombasa is a pleasant one. Clean carriages, very well-dressed passengers and a punctual timetable make a nice change from the uncertainty of traveling in Africa. Opening in 2017, it replaced a colonial-era railway line known as the “Lunatic Express,” which is fitting
Victims win first civil action against the FTX of Hong Kong A Hong Kong court has ruled in favor of two investors who filed a civil suit against defunct Dubai-based cryptocurrency exchange JPEX and its affiliate, Web 3.0 Technical Support. With the judge’s ruling, 1.85 million Hong Kong dollars (around $238,000) will be recovered on
Top Stories of The Week Michael Saylor posts fake quote from Trump on crypto to 3.6M followers With the United States Election Day coming up and many voters already going to the polls, social media is rife with misinformation about candidates’ policies. MicroStrategy executive chair Michael Saylor seems to have fallen for a social media
Bitcoin’s (BTC) rejection near the all-time high earlier in the week may have attracted profit booking by the short-term traders. Although the price has dropped near $68,000, analysts remain positive on the markets. They anticipate Bitcoin to find support between $65,000 and $68,000. The next major trigger for the cryptocurrency markets is the United States
The use of AI agents to create, promote and transact cryptocurrencies has been largely theoretical — until now. But with AI shitposter Terminal of Truths promoting Goateus Maximus, the Luna bot tipping users for engagement, and Based Agents enabling quick and easy crypto agent creation on Ethereum L2s, the future has become very real all
Crypto punters shouldn’t be throwing extra cash at AI agents for trading — just stick to what you’d invest if you were trading solo since there will still be losers, a crypto venture capitalist says. “Trading is always a zero-sum game,” Web3 venture capital studio LiquidX co-founder Giulio Xiloyannis tells Hall of Flame. “There is
Blockchain technology is planting the seeds of change in Africa’s farming sector, providing solutions to long-standing barriers like market access, financial limitations and fair pricing. For farmers like Sophia Wambui Ngamate from Nakuru County, Kenya, aged 54, it has been a lifeline. “One Million Avocados has wonderfully assisted me in planting more than 120 avocado
Asian crypto traders catch late-night surge as Trump wins election The cryptocurrency industry celebrated Donald Trump’s victory in the 2024 United States presidential election, as Bitcoin surged to new all-time highs. Asian markets joined in the rally, local sources tell Magazine. “A lot of Asian traders were working overnight to catch this surge and are
Blockchain domain provider Unstoppable Domains has partnered with Cake Wallet, an open-source wallet, to launch a new top-level domain specifically for Monero users, the companies announced. Unstoppable Domains said the new .xmr domains will allow Cake Wallet and Monero (XMR) users to send and receive tokens using human-readable addresses instead of long, alphanumeric strings. The
In a recent interview, Ripple CEO Brad Garlinghouse admitted that the payments technology company should have done better with its relations with regulators in the United States in the early days of XRP. This comment was made in relation to the legal enforcement actions Ripple has been facing in the past few years. Particularly, Garlinghouse
As the US presidential elections near, Ripple co-founder Chris Larsen revealed the reason for supporting the US Vice President and Democratic nominee Kamala Harris. Larsen became the largest single donor of the crypto industry this election cycle after his two XRP donations to Harris’ campaign earlier this month. Kamala Harris To Have A ‘Completely Different
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