A prominent New York regulator is reportedly mulling over approving payments platform Ripple Labs’ RLUSD stablecoin as soon as next week. According to a new report by Fox Business, anonymous people familiar with the matter say the state’s top regulator – the New York Department of Financial Services (NYDFS) – has signaled to Ripple that […]
The post Powerful New York Regulator May Greenlight Ripple RLUSD Stablecoin As Soon as This Week: Report appeared first on The Daily Hodl.
Cross-border payments solution XRP is now the fifth-largest crypto by market capitalization after rallying by nearly 300% in just one month. Data from CoinMarketCap shows that XRP’s market cap is now hovering at around $110 billion, well above BNB’s valuation of $94.422 billion. BNB, the native asset of the Binance ecosystem, was the fourth-largest crypto asset […]
The post XRP Overtakes BNB To Become Fifth-Largest Crypto by Market Cap Following 298% Rally in November appeared first on The Daily Hodl.
Former CFTC Chair boldly predicts the SEC will drop its Ripple lawsuit, heralding a regulatory shift that could ignite a major rally for XRP. Former CFTC Chair Bets SEC Will Drop Ripple-XRP Lawsuit Under Incoming Crypto-Friendly Admin Former U.S. Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo, known as “Crypto Dad” for his support of […]
Ripple’s stablecoin is reportedly near regulatory approval, signaling a significant step toward reshaping the stablecoin market with a regulated, fully backed digital dollar. Ripple’s Game-Changing Stablecoin RLUSD Awaits Final Nod by Regulator Ripple is reportedly close to securing approval for its regulated stablecoin, RLUSD, from the New York Department of Financial Services (NYDFS), according to […]
According to data from CoinGecko, the total stablecoin market capitalization is over $196 billion as of Nov. 29.
The New York Department of Financial Services (NYDFS) is expected to approve Ripple Labs’ RLUSD stablecoin — an overcollateralized dollar-pegged stablecoin — in the coming days, sources revealed to Fox Business.
According to a Nov. 29 Fox Business report, approval of the dollar-pegged stablecoin by the New York financial regulator could see the product launch as early as Dec. 4. In August, Ripple Labs issued the following statement about the future of its ecosystem:
At the time the stablecoin was announced, fears swept over XRP (XRP) holders that the company would abandon the token to focus on its new stablecoin product for cross-border liquidity. However, Ripple Labs has not confirmed any such pivot.
Ripple boosts Fairshake with another $25M, amplifying its push for crypto-friendly policies and challenging regulatory overreach to solidify its leadership in innovation advocacy. Ripple Doubles Down on Fairshake With Third $25M Contribution Ripple has reaffirmed its dedication to fostering innovation-friendly policies by contributing $25 million to Fairshake, a bipartisan Super PAC supporting pro-crypto candidates. CEO […]
Ripple’s investment in the Bitwise Physical XRP exchange-traded product (ETP) underscores XRP’s rising prominence, driven by surging institutional demand. Ripple Invests in XRP’s Future With Bold Bet on Bitwise ETP Ripple announced its investment in the rebranded Bitwise Physical XRP exchange-traded product (ETP) on Wednesday, signaling its commitment to expanding access to XRP in institutional […]
Bitcoin’s strong recovery shows aggressive buying on every minor dip, but the bulls may struggle to overcome the $100,000 resistance.
Bitcoin’s (BTC) pullback found support at $90,791 on Nov. 26, and the bulls pushed the price back above $96,000 on Nov. 27. BTC Markets head of finance and crypto analyst Charlie Sherry told Cointelegraph that the dip to $92,600 “could be the ‘last flush’ before Bitcoin finally crosses $100K.”
However, some analysts are not confident that Bitcoin will break above $100,000 in a hurry. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin could “correct as much as 30% before it reaches its cyclical top.”
Crypto market data daily view. Source: Coin360
The chief legal officer at Ripple Labs is coming down hard on the U.S. Securities and Exchange Commission (SEC) over what he perceives as the agency bragging. According to a new post on the social media platform X from Ripple CLO Stuart Alderoty, the SEC is looking at its year-in-review incorrectly. Says Alderoty, “The SEC […]
The post Ripple Chief Legal Officer Slams SEC for ‘Bragging’ About 2024 Enforcement Actions in New Press Release appeared first on The Daily Hodl.
XRP slipped 8% on Tuesday during a broader crypto market downturn, but the digital asset still boasts an impressive 22.9% weekly gain against the U.S. dollar. XRP Pushes Through Market Dip Currently priced at $1.35 per coin, XRP holds a market cap of approximately $77.27 billion. Despite Tuesday’s dip, the past week has been a […]