Everything web3, crypto, defi, degen
In brief Ripple is teaming with blockchain security firm Immunefi to host an “attackathon” for the XRP Ledger lending protocol. If one serious bug is found, a full $200,000 will be provided to participants. The protocol aims to eventually offer fixed-term, uncollateralized loans on the XRP Ledger. Ripple is offering up to $200,000 to users…
In brief Schwartz is concluding his 13-year tenure as CTO at Ripple and will join its board to guide the company’s long-term vision. He plans to spend more time on an XRPL node, exploring new XRP use cases, and engaging in hands-on coding for community projects. Stablecoins, tokenized assets, and decentralization remain central to his…
In brief Ripple’s RLUSD stablecoin was integrated in Securitize’s platform. Two tokenized money market funds can now be exchanged for the stablecoin. BlackRock’s BUIDL is worth $2 billion, per RWA.xyz. Ripple’s RLUSD stablecoin has been integrated into Securitize’s platform, allowing users to exchange shares in tokenized money market funds for the dollar-pegged asset.The feature was…
In brief Blockchain games are coming to the XRP Ledger thanks to an expansion of B3’s gaming ecosystem. It will begin with five hyper-casual testnet games designed to be played by anyone, anywhere. Ultimately, the goal is to bring more users to the XRP Ledger and add utility to the Ripple-linked asset, XRP. Crypto gaming…
In brief XRP Ledger received a security score of 41 out of 100—the lowest among 15 major blockchains—in Kaiko’s Blockchain Ecosystem report released in August. A RippleX leader dismissed the low rating, pointing to XRP Ledger’s strong safety record. XRP Ledger’s software development kit was hit with a supply chain attack in April, but devs…
In brief XRP is a cryptocurrency developed to facilitate efficient cross-border transactions, particularly for financial institutions and payment providers. The XRP Ledger employs a unique consensus protocol called the Ripple Consensus Algorithm to validate transactions. A long-running legal dispute between Ripple Labs and the U.S. SEC over whether sales of XRP constituted a unregistered securities…
In brief Ripple CTO David Schwartz thinks experimentation is good for blockchains. The XRPL EVM Sidechain debuted in June. The network features smart contracts and uses XRP as its native token. XRP Ledger’s Ethereum sidechain could lead to more experimentation within the network’s ecosystem, while potentially attracting fresh talent, according to Ripple CTO David Schwartz.A…
In brief Ripple does not control XRP Ledger, the digital payments company’s CTO David Schwartz said. Censoring transactions would open Ripple up to “pressure” he said. Ripple runs “something like 1%” of XRP Ledger, Schwartz added. XRP Ledger’s codebase does not possess some secret back door that would allow Ripple to single-handedly control the network,…
In brief The XRP Ledger is experiencing a shift away from retail activity, according to a Serotonin analyst. The network is now more akin to a “interbank settlement network” and is losing steam with retail users. The shift comes amid XRP’s surge to a new all-time high price last week. Ripple-linked asset XRP surged to…
