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Search Results for: cbdc

Florida Governor Shows Support for Bitcoin in Presidential Campaign

While the BRICS continue to drive down the dollar value, the U.S. is making a lot of noise with the upcoming election. In light of the current economic unrest, Florida Governor Ron DeSantis has taken a position in favor of cryptocurrencies by promoting pro-crypto policies as part of his 2024

May 25, 2023 1 min read

Revised Digital Ruble Bill Introduced in Russian Parliament

Significant revisions to the bill establishing the digital ruble have been submitted to the Russian parliament as the project moves forward. These amendments seek to alter the original legislation with respect to debt operations, services for non-residents, and the function of the central bank. The lower house of the Federal

May 23, 2023 2 mins read

SEC vs Ripple: Will Things Turn Out Positive for Ripple?

In the “never-ending SEC vs Ripple battle,” Ripple Labs has recently seen some positive winning streaks. On 16th May, Ripple bagged a significant win against the U.S. Securities and Exchange Commission to make Hinman speech-related documents public.  However, both parties in the ongoing legal battle over the use of the

May 20, 2023 2 mins read

Jerome Powell Condemns Reasons Affecting Economy; Does It Include Crypto Market?

Jerome Powell, the Federal Reserve Chairman, stated that the central bank is strongly committed to returning inflation to the 2% goal. And the failure could cause greater harm to the economy. The statement raises the question of whether the failure also harms the crypto market.  On May 19, while speaking

May 19, 2023 2 mins read

Ripple to Showcase Real Estate Asset Tokenization Solution as part of the Hong Kong Monetary Authority’s Inaugural e-HKD Pilot Programme

Innovative solution combining the e-HKD, tokenized real estate and lending protocols will run Ripple’s CBDC Platform HONG KONG & SAN FRANCISCO–(BUSINESS WIRE)–Ripple, the leader in enterprise blockchain and crypto solutions, announced today that it has been selected to showcase a real estate asset tokenization solution as part of the Hong

May 18, 2023 4 mins read

Leading Enterprise Crypto Company Ripple Acquires Custody Provider Metaco for $250M

With this seminal acquisition, Ripple takes on the growing institutional crypto custody market, expected to reach $10T by 2030 LONDON & LAUSANNE, Switzerland–(BUSINESS WIRE)–Ripple, the leader in enterprise blockchain and crypto solutions, announced today it has acquired Metaco, a Swiss-based provider of digital asset custody and tokenization technology. Diversifying into

May 17, 2023 4 mins read

US Secret Service Holds AMA on Cryptocurrency Safety 

In a May 15 Reddit Ask Me Anything (AMA) session, the US Secret Service’s (USSS’s) San Francisco Division and the Bay Area Regional Enforcement Allied Computer Team (REACT) shared their efforts in safeguarding the nation’s financial infrastructure, particularly in the realm of cryptocurrency. The Secret Service, known for protecting US

May 16, 2023 3 mins read

Crypto Disasters of the Week: Series of Events

The past week has been a rough ride for the crypto industry, with a series of unfortunate events leading to significant setbacks for some of the most prominent players in the market. From regulatory crackdowns to legal battles and price drops, here’s a roundup of what went down. Binance Shuts

May 14, 2023 2 mins read

Ripple’s (XRP) Price is Sailing in the Green?

Ripple (XRP) is gaining a fresh push in the trading price after a two weeks decline. In the last 24 hours, the coin has witnessed a 1.38% surge. This may not seem huge, but the start is bringing positive momentum among XRP holders. As the week began, major cryptos like

May 10, 2023 2 mins read