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Ripple Begins Testing Its Stablecoin on Ethereum and XRP Ledger
Ripple's new stablecoin is being tested on Ethereum and XRP Ledger. RLUSD isn't tradeable yet as it still has to get regulatory approval. Ripple, the enterprise-focused blockchain service closely related to the XRP Ledger (XRP), said on Friday that it begun testing its stablecoin on the Ethereum (ETH) mainnet and XRP Ledger. "Ripple USD is currently in its beta phase and is being rigorously tested by our enterprise partners," the company said in a blog post. "This phase is crucial for ensuring that the stablecoin meets the highest standards of security, efficiency, and reliability before it becomes widely available, and...
Bitwise Predicts Bitcoin at $200,000 and Major Gains for Crypto Stocks in 2025
Asset management firm Bitwise has issued ten highly optimistic predictions for the crypto market in 2025. Among these, Bitcoin is expected to reach $200,000 by the end of next year, and companies holding significant crypto investments could see substantial stock market growth. Bitwise Predicts 2025 to Be the Golden Year for Crypto The firm anticipates record highs for Bitcoin, Ethereum, and Solana. While Bitcoin and Solana recently hit new peaks, Ethereum has lagged. However, Ethereum’s total value locked (TVL) has climbed to its highest since 2022, signaling the potential for a rebound. For Solana, it’s an easier consideration, as meme...
SEC’s Caroline Crenshaw faces intense opposition ahead of Senate vote
Crenshaw's stance on Bitcoin ETFs stirs debate within the digital assets community before crucial committee vote. Photo: Cedar Innovation Foundation Key Takeaways Caroline Crenshaw is criticized for her stance against crypto and spot Bitcoin ETFs. The SEC faces leadership changes amid internal disagreements on crypto regulation. The Senate Banking, Housing and Urban Affairs Committee is set to decide on the reappointment of Caroline Crenshaw as SEC commissioner tomorrow. Crenshaw’s renomination, however, faces intense opposition from the crypto industry due to her perceived anti-crypto stance. The Digital Chamber, an American advocacy group focused on promoting blockchain technology and digital asset industry,...
