USD-backed stablecoin pilot project launched by Pacific island nation of Palau
The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees.
The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees.
According to Josh Gerben, the social media platform could be embroiled in lawsuits over its “X” branding for years, costing upward of millions of dollars.
U.S. District Judge John Koeltl granted a continuance for former Celsius CEO Alex Mashinsky’s trial start date, citing the “volume of discovery” and the “complexity of the case.”
The announcement followed crypto exchange Binance receiving similar permission from the Abu Dhabi regulator in November 2022.
Robinhood has been planning its expansion into the United Kingdom since 2019, but the project has faced multiple delays.
Timothy Massad, the former CFTC chairman, highlighted the benefits of stablecoins and urged regulators not to discredit their utility.
The project has faced criticism from within the fintech world over its dystopian features and privacy concerns.
The state seeks someone with connections and expertise in the blockchain industry, promising a $150,000 annual salary.
Fumio Kishida described Web3 as a “new form of capitalism” in a keynote address at the WebX conference in Japan.
The crypto bills could hand power to the purportedly more crypto-friendly CFTC and better define the SEC’s jurisdiction.