Tesla CEO Elon Musk Highlights XRP and Crypto Potential Amid Regulatory Heat

Tesla and Spacex CEO Elon Musk addressed XRP and cryptocurrency during a town hall in Pittsburgh, acknowledging crypto’s potential amid regulatory scrutiny. Musk emphasized that cryptocurrency plays a crucial role in promoting individual freedom and countering centralized control. His comments were well-received by XRP supporters, highlighting the growing importance of crypto in shaping future financial … Read more

Grayscale Launches XRP Trust — Cites Potential to Transform Legacy Financial Systems

Grayscale Investments has created a new trust for XRP, allowing accredited investors to gain exposure to the cryptocurrency known for facilitating cross-border transactions. The Grayscale XRP Trust functions like other single-asset crypto investment vehicles, holding only XRP. Grayscale’s head of product highlighted the potential of XRP to transform financial infrastructure. Grayscale Launches XRP Trust for … Read more

Ripple and SBI Digital Community Partner to Advance Web3 With XRP Ledger

SBI Digital Community Co. Ltd. has partnered with Ripple Labs Inc. to promote the use of the XRP Ledger in the Web3 space. The partnership will also involve issuing non-fungible tokens (NFTs) on the XRP Ledger and rewarding creators in XRP, aiming to enhance consumer experiences and make Web3 technologies more accessible. SBI Digital Community … Read more

Ripple Starts Beta Testing of USD-Pegged Stablecoin on XRP Ledger and Ethereum

Ripple Labs has initiated beta testing for ripple usd (RLUSD), a stablecoin pegged to the U.S. dollar, on both the XRP Ledger and Ethereum mainnets. The stablecoin is currently not available for public trading as it awaits regulatory approval. Ripple’s USD-Backed Stablecoin Enters Beta Phase Ripple usd or RLUSD, designed to maintain a 1:1 value … Read more

XRP Ledger Surges In July Amid High On-Chain Activity And Whale Transactions

The XRP Ledger (XRPL) emerged as one of the top performers in July, buoyed by significant on-chain activity. The coin experienced a remarkable 35% monthly increase, driven by major whale transactions and robust network growth. Additionally, its social dominance has reached new heights, despite a mild retracement in its price. 📊 XRP Ledger, among one … Read more

Ripple and Archax Extend Collaboration to Boost Real-World Asset Tokenization on XRP Ledger

Ripple, a leading enterprise in blockchain and crypto solutions, and Archax, the UK’s first regulated digital asset exchange, have announced an extension to their existing collaboration on June 13, 2024. This partnership aims to bring hundreds of millions of dollars of tokenized real-world assets onto the XRP Ledger over the next year, positioning the XRPL … Read more

Ripple Completes Acquisition of Standard Custody & Trust Company

Ripple has completed its acquisition of Standard Custody & Trust Company, a regulated digital asset custodian. This acquisition, announced by Ripple earlier this year, involves a trust company regulated by the New York Department of Financial Services. It broadens Ripple’s portfolio of licenses, which now includes nearly 40 U.S. money transmitter licenses, a Major Payment … Read more

Ripple Unveils Brazil Fund for Supporting Local XRP Ledger Projects

Ripple, the cryptocurrency services and payments company, has recently unveiled a local fund to support Brazil-based projects using XRP Ledger, the XRP asset blockchain. Julia Heitner, Program Manager of the XRPL Grants program, stated that Brazil was the first country where this strategy would be implemented, given the nation’s openness to blockchain initiatives. Ripple Launches … Read more