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OPINION | Ripple Set to Launch US Stablecoin
Ripple, a blockchain-based digital payment network and protocol, has announced a plan to issue a US dollar-backed stablecoin on the XRP Ledger (XRPL) and Ethereum networks. The blockchain technology company’s main focus is building a payment settlement asset exchange and remittance system, similar to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system.
Unravelling Evergrande: the Chaotic Collapse of China’s Property Behemoth
On Jan. 29, the Hong Kong court ordered the liquidation of Evergrande Group, China's once-dominant real estate titan. With debts totaling over $300 billion USD, Evergrande's downfall has been years in the making — fueled by a combination of unregulated borrowing and stringent regulatory crackdowns on the real estate sector by the Chinese government.
SEC Delaying Bitcoin ETF: Something Bigger at Play?
On Nov. 17, the United States Securities and Exchange Commission (SEC) again delayed an application by the investment firm Franklin Templeton on the much-anticipated Bitcoin (BTC) exchange-traded fund (ETF).