Ripple's Major Developments: Smart Contracts and EVM Sidechain
According to Coin Kurier, Ripple is planning significant upgrades for the XRP Ledger (XRPL), including the introduction of Smart Contracts. This move aims to create new opportunities for developers and users alike. Additionally, Ripple is working on integrating an Ethereum Virtual Machine (EVM) sidechain into XRPL, which will strengthen its developer ecosystem. These updates are expected to go live in the coming months.
Legal Battles Continue: Ripple vs SEC
BTC-ECHO reports that Stuart Alderoty, Chief Legal Officer at Ripple Labs, has once again criticized the U.S. Securities and Exchange Commission (SEC). He described their use of the term "Crypto-Asset-Security" as legally unfounded following a recent court ruling where only $125 million was fined against them instead of the demanded two billion dollars.
XRP Stablecoin Launch Imminent Amid IPO Speculations
Bitcoin2Go reveals that Brad Garlinghouse announced during Korea Blockchain Week the launch of a new RLUSD stablecoin soon after successful tests on two blockchain networks. Despite these advancements, he expressed skepticism regarding an Initial Public Offering (IPO) in the USA due to hostile regulatory conditions from the SEC but remains optimistic about cryptocurrency’s future regardless of upcoming presidential elections.
XRP Price Surge Possible Due To Increasing Liquidity Demand
An article by Investing.com speculates whether XRP could reach $100 driven by increased liquidity demand in payment transactions along with investments from major institutions like hedge funds. The World Bank acknowledges Ripple's solutions' efficiency and cost-effectiveness across cross-border transactions; however, regulatory clarity would further support this growth trajectory.
Possible Appeal Against August Verdict Looms Over Ripple's Future Actions
A report from wallstreet:online discusses potential next steps involving appeals concerning fines imposed upon Ripple through Judge Torres’ decision back in August. While no significant changes have been observed within current price trends, investors are eagerly awaiting forthcoming decisions as the October 7th deadline approaches. Overall sentiment among market participants remains cautious yet hopeful amidst ongoing negotiations.
Sources:
- Ripple plant Smart Contracts und EVM Sidechain für XRP Ledger
- Bitcoin Hashrate erreicht neues Allzeithoch trotz schwächelndem Kurs
- US-Bankenaufsichtsbehörde fordert stärkere Überwachung der Krypto-Risiken
- Ripple (XRP): XRP-Ledger führt Smart Contracts ein und lockt Entwickler an
- Siemens emittiert größte digitale Anleihe Deutschlands mit Blockchain-Technologie
- Blockchain-basierte Datenspeicherung: Dwinity eröffnet neue Möglichkeiten für Predictive AI
