Ripple Stablecoin RLUSD Begins Testing on Mainnet
On August 9, Ripple Labs reported the initial tests of its US dollar-pegged stablecoin, Ripple Labs’ Ripple USD (RLUSD), on the Ethereum mainnet and the XRP ledger (XRPL). The upcoming stablecoin, RLUSD, will be overcollateralized, meaning that each unit is supported by USD reserves or short-term cash equivalents in a bank at a 1:1 ratio […]
RippleX Arranges XRPL Testnet Reset To Improve Features
RippleX announced the XRPL Testnet Reset on August 19 to improve stability, reduce costs, and prepare for EVM integration. RippleX has announced its intention to reset the XRP Ledger (XRPL) Testnet at 3:00 AM EST on August 19, 2024. The reset is anticipated to last approximately 15 minutes and is intended to improve the efficacy […]
XRPScan Dismisses Elon Musk Claims of XRP Ownership
The XRP explorer XRPScan has clarified the assertion that Elon Musk is the owner of over 16 million XRP. Not all wallet addresses or accounts that bear the name of a specific individual, particularly public figures such as Elon Musk, are associated with that individual. An XRP devotee was previously informed of this by XRPScan. […]
Whales Hold 130M Coins As Ripple Lawsuit Faces Magistrate Judge
XRP’s recent price fluctuation and Ripple’s lawsuit relief have led crypto market whales to buy more, giving them hope for future movements. In a move that offers a glimmer of optimism for the future of XRP’s price, whales have continued to acquire substantial quantities of the cryptocurrency amid a positive atmosphere for the Ripple community. The […]
Ripple VS SEC Lawsuit Moved To Magistrate Judge For Settlement
Ripple VS SEC Lawsuit has been referred to the magistrate judge for settlement as Judge Hamilton sided with Judge Torres’ ruling on XRP sales. The defendants’ motion for summary judgment in the Zakinov v. Ripple litigation was partially granted and partially denied by a U.S. district court judge, who referred the case to a magistrate […]