Ripple Files Trademark for “RLUSD” Stablecoin, Stirring Community Reactions

by Александр Пирогов | May 22, 2024 | Blog News

Ripple has filed a new trademark for the phrase “RLUSD,” suggesting the likely listing symbol for its proposed dollar-based stablecoin. The application was lodged with Justia, a U.S. legal database, on May 7. Although Ripple has not made a formal announcement, the...

Hong Kong Monetary Authority Launches Digital Yuan Pilot Program

by Александр Пирогов | May 20, 2024 | Blog News

The Hong Kong Monetary Authority (HKMA) announced the launch of a digital yuan pilot program on Friday. The digital yuan, or e-CNY, is designed to facilitate retail transactions and cross-border payments within the city, offering Hong Kong residents a digital...

Venezuela Moves to Ban Cryptocurrency Mining Amid Power Concerns

by Александр Пирогов | May 20, 2024 | Blog News

The Venezuelan government has joined the growing list of countries clamping down on cryptocurrency mining due to its significant electricity demands. Venezuela’s Ministry of Electric Power has announced plans to disconnect cryptocurrency mining farms from the national...

Microsoft Faces Potential $2 Billion Fine in EU Over Bing AI Risks

by Александр Пирогов | May 20, 2024 | Blog News

Microsoft could be fined up to 1% of its annual revenue in the European Union if it fails to respond to an information request by May 27. This threat stems from a request under the EU’s Digital Services Act concerning the company’s Bing search engine and its...

DTCC and Chainlink Conclude Pilot Program for Tokenizing Traditional Finance Funds

by Александр Пирогов | May 17, 2024 | Blog News

The Depository Trust and Clearing Corporation (DTCC), the world’s largest settlement system, has partnered with blockchain oracle Chainlink to conclude a pilot program aimed at enhancing the tokenization of traditional finance funds. This pilot, named the Smart NAV...

SEBI Proposes Multi-Regulator Oversight for Cryptocurrency Trading in India

by Александр Пирогов | May 17, 2024 | Blog News

The Securities and Exchange Board of India (SEBI) has recommended that multiple regulators should oversee cryptocurrency trading in the country, according to documents recently disclosed and seen by Reuters. The proposal suggests that a division within India’s...