Stablecoins gehören bei Stripe bald wieder zum Dienstleistungsangebot, weshalb das Unternehmen seine dahingehenden Kompetenzen nun wohl per Übernahme von Bridge ausbauen will.
Ripple’s CEO: an IPO hasn’t been a “high priority” as it’s in a strong financial position
- Brad Garlinghouse said that Ripple is in a “strong financial position” and that a Ripple IPO has been a “back burner topic”
- Garlinghouse said that Gary Gensler’s “days are numbered” as the SEC Chair
- The CEO believes the market headwinds are beginning to ease, bringing more capital into the industry
Ripple’s CEO has said an IPO isn’t a priority for the company, partly because of its challenges with the US Securities and Exchange Commission (SEC).
Speaking at the Ripple Swell Conference, Brad Garlinghouse spoke about XRP’s future, the SEC, crypto regulation, Ripple’s new RLUSD stablecoin, and XRP exchange-traded fund (ETF) filings.
On the topic of an IPO, Garlinghouse said “an IPO has not been a high priority for us and part of that is because the SEC is not our friend.”
He added that for a company to issue an IPO, it’s because they want to raise capital. Garlinghouse stated that Ripple is in a “strong financial position” that has seen them investing in different crypto projects.
“We have a couple of dynamics here with Ripple,” Garlinghouse said. “One is we have a hostile SEC, hostile US environment, and we have a company that doesn’t need to go raise capital. So it’s just been a back burner topic.”
Notably, he didn’t knock down the possibility of an IPO in the future.
Headwinds are easing
Touching on the SEC, Garlinghouse said that the agency is “acting outside of the law,” calling them a “rogue agency” when it comes to XRP. The CEO spoke about how despite a ruling that deemed XRP wasn’t a security, the SEC is still saying that it is. In his words, what the agency is doing “is not ethical behavior.”
Despite the hurdles that Ripple faces with the SEC, Garlinghouse mentioned that Gary Gensler’s days “are numbered” as the SEC Chair, and that eventually regulatory clarity will come to the industry.
Garlinghouse also spoke about the RLUSD stablecoin, noting that the company has been using stablecoins, such as USDC and Tether, in their payment flows for years. He highlighted that their stablecoin would bring more liquidity to the XRP ledger, and that they aim to replace using USDC and Tether with RLUSD.
Looking to 2025, Garlinghouse believes that the headwinds that have affected the market – FTX, the banking crisis, and even Senator Elizabeth Warren saying crypto is bad – will start to ease bringing with it more capital into the industry.
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EthOS launches hardware device for Ethereum on-chain dApp interactions
- ethOS launches dGEN1, a device for Ethereum on-chain dApp interactions.
- dGEN1 runs on LineageOS with a Nimbus client, eliminating third-party RPCs.
- Preorders open at 0.2 ETH via NFT minting, shipping in Q2 2025.
The Ethereum-based operating system ethOS has unveiled the dGEN1, a pioneering hardware device designed to enhance interactions with on-chain decentralized applications (dApps).
This innovative product, which ethOS describes as “the first on-chain everyday carry,” is specifically optimized for users engaging with Ethereum’s expanding ecosystem.
dGEN1 will operate on a version of LineageOS
The launch of the dGEN1 follows the success of similar blockchain-focused devices, such as the Solana Mobile Saga and Seeker. However, unlike its Solana counterparts, the dGEN1 does not offer telecom capabilities, focusing solely on Ethereum interactions.
The dGEN1 operates on a specialized version of LineageOS, a popular Android fork, which enables the integration of a native Nimbus light client. This feature allows users to verify their data while interacting with dApps, eliminating the need to rely on potentially untrustworthy third-party remote procedure calls (RPCs).
The device also includes a built-in browser that supports IPFS and .eth domains, facilitating seamless access to decentralized content.
One of the standout features of the dGEN1 is its dedicated screen, which provides real-time transaction notifications and metadata during network interactions. This functionality aims to enhance the user experience by ensuring that users remain informed about their activities on the Ethereum network.
dGEN1 preorders currently open
For those interested in acquiring the dGEN1, preorders are currently available through an NFT minting process on the Base Layer 2 network for 0.2 ETH, approximately $520.
According to the company, shipping of the devices is expected by the second quarter of 2025, and as of now, around 630 users hold the associated NFT.
In addition to the device, ethOS plans to reward device owners with an airdrop upon delivery of the dGEN1. Each owner will share in the airdrop pool, further incentivizing early adopters.
With its unique features and design, the dGEN1 aims to position itself as an essential tool for Ethereum enthusiasts looking to engage with on-chain dApps efficiently.
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DBS Bank rolls out ‘Token Services’ for blockchain-based banking
- DBS Bank has launched “Token Services” to enhance blockchain solutions for clients.
- Key offerings of the ‘DBS Token Services’ include Treasury Tokens, Conditional Payments, and Programmable Rewards.
- The services optimize liquidity management and streamline operational workflows.
DBS Bank, Singapore’s largest financial institution by assets, has launched a new suite of products called “DBS Token Services,” aimed at enhancing blockchain-based banking solutions for institutional clients.
This innovative initiative integrates tokenization and smart contract-enabled capabilities with the bank’s existing services, marking a significant step towards modernizing financial transactions in the digital age.
The DBS Token Services
The newly introduced DBS Token Services enable clients, including corporations and public sector entities, to optimize liquidity management and streamline operational workflows.
By harnessing the power of its Ethereum Virtual Machine-compatible permissioned blockchain, DBS aims to enhance transaction efficiency and governance over fund usage through smart contracts. The service suite includes several key offerings: Treasury Tokens, Conditional Payments, and Programmable Rewards.
Treasury Tokens, introduced in August in partnership with Ant International, allow multinational corporations to settle multi-currency intra-group transactions around the clock, thereby providing enhanced flexibility and efficiency.
Furthermore, Conditional Payments are designed to improve payment workflows, ensuring that funds are allocated and utilized in accordance with predefined criteria. Meanwhile, the Programmable Rewards feature enables institutions to create tailored digital voucher programs, enhancing customer engagement and satisfaction.
Lim Soon Chong, the group head of global transaction services at DBS Bank, emphasized that the Token Services empower clients to strengthen business resilience and unlock new opportunities for end-user engagement. “These services enable companies and public sector entities to optimize liquidity management and streamline operational workflows,” he stated.
By utilizing a permissioned blockchain, DBS Bank maintains full control over these services while ensuring compliance with regulatory standards.
This strategic move not only showcases DBS’s commitment to innovation but also positions the bank as a leader in the evolving landscape of blockchain technology and digital banking solutions.
As the financial industry continues to adapt to the demands of a digital economy, DBS Bank’s Token Services represent a forward-thinking approach to meet the needs of its institutional clients.
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Dogecoin (DOGE) price up as meme coins rise
- Dogecoin price spiked double-digits in 24 hours to hit its highest level in close to three months.
- DOGE price broke above $0.13, above levels seen in July as several meme coins surged.
While the meme coin’s price rose amid broader optimism in the crypto market, which had Bitcoin above $68k, its likely Dogecoin benefited from fresh upside sentiment following latest comments by Tesla CEO Elon Musk.
Per data from CoinMarketCap, DOGE ranked as the best performing coin among the top 100 cryptocurrencies by market cap on Friday morning. The dog-themed meme coin’s 10% in 24 hours gain came as Popcat, Mog Coin, Floki and cat in a dogs’ world all surged.
At the time of writing, the global meme coin market cap was up 3.6% to $62 billion, likely indicating a bullish flip for crypto is setting up.
As Dogecoin price eyes further gains, crypto analysts are suggesting a potential breakout in on cards.
Crypto trader Hardy says DOGE has seen a “textbook” falling wedge breakout and could be in for a wild run.
$DOGE, the meme king is waking up! A textbook breakout from the falling wedge. 🚀
I’m eyeing dips to build a solid long position.
Buckle up things could get wild 🔥 pic.twitter.com/fmzQhrHKsD
— Hardy (@Degen_Hardy) October 18, 2024
DOGE spikes amid Musk comment
Donald Trump has previously noted that he’s open to X owner and Tesla CEO Elon Musk joining his cabinet if Trump wins the upcoming election. This particular position is the new Department of Government Efficiency, or abbreviated to ‘DOGE’.
In comments made in Pennsylvania, Musk replied to a question related to the potential of him joining the new docket by mentioning “DOGE”. Although not explicitly about the meme coin, it’s notable that Musk has previously supported Dogecoin.
Tesla even added the meme coin as a payment option for its EVs. DOGE price reached an all-time high of $0.73 in May 2021.
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