Brad Garlinghouse, CEO of Ripple announced at Korea Blockchain Week in Seoul that the company is nearing the launch of its new stablecoin, Ripple USD (RLUSD). Set to launch within weeks, RLUSD is currently in a closed beta phase. The stablecoin is designed to complement Ripple’s existing XRP tokens. It
Ripple’s Chief Legal Officer, Stuart Alderoty, has openly criticized the U.S. Securities and Exchange Commission (SEC) for its repeated use of the term “crypto asset security”. Alderoty in his X post stated, “The term ‘crypto asset security’ is nowhere to be found in any statute, it’s a fabricated term with
Solana’s [SOL] NFT market demonstrated notable resilience in August, emerging as the second-highest blockchain by NFT sales volume, only trailing behind Ethereum [ETH]. According to data from Coin98 Analytics, Ethereum recorded $131 million in NFT sales, while Solana followed closely with $79 million. Bitcoin [BTC] also made it to the
ParaFi Capital, a digital asset management firm based in New York, raised $120 million from investors, including Theta Capital Management and Accolade Partners. This fundraiser highlights the increasing growth and renewed optimism in the crypto investment sector. ParaFi Capital, founded in 2018 by Ben Forman, has been a significant player
The Bank for International Settlements (BIS) recently highlighted the complexities and risks banks face when engaging with permissionless blockchains in its latest working paper, published on August 28. The report from the Basel Committee on Banking Supervision outlines several concerns tied to these decentralized systems. One key issue is the
A notable move by a PEPE memecoin whale has caught traders’ attention. The investor, known for their diamond hand approach, initially spent $200,000 USDC to acquire 170 billion PEPE tokens on October 25, 2023. They held the tokens until July 25, 2024, when they sold them for $1.97 million USDC,
Donald Trump’s latest NFT collection, launched on August 27, shows contrasting outcomes just one day after its debut. The “America First Edition” digital trading cards have achieved over $2 million in sales despite a sluggish NFT market. However, the collection’s overall performance appears mixed when considering its size. In a
Everyone in web3 is familiar with names like Andreesen Horowitz, Coinbase Ventures, and Binance Labs. But outside of the big venture capital firms, there are hundreds more that undertake the same work, funding and supporting startups and advocating for web3 adoption. From this long tail of web3 VCs, a few
In the digital age, our daily lives are intertwined with various applications, from social media platforms to online marketplaces. But imagine if these apps didn’t rely on a single company or server. Instead, they operated on a network of computers, each maintaining a shared database. This is where Decentralized Applications
CryptoPunks is a groundbreaking project of 10,000 collectible characters or crypto avatars on the Ethereum blockchain. It has recently experienced dramatic fluctuations in value due to a dip in “blue chip” NFTs. CryptoPunks launched in July 2017, is celebrated as one of the earliest examples of non-fungible tokens (NFT), inspiring
