The Bank of Israel is allegedly testing a digital version of its fiat money, the shekel, using Ethereum technology. The central bank is utilizing Ethereum rather than Ripple’s proprietary version of the XRP ledger.
Ripple is proposing a massive XRP ledger overhaul that, according to the firm, may unleash decentralized finance (DeFi) and smart contracts over the larger XRP ecosystem while maintaining XRPL’s efficiency.
According to Chairman and CEO Thomas Peterffy, Interactive Brokers, one of the first brokerages to provide no-fee trading and fractional share trading, will begin trading cryptocurrencies on its platform by the end of the summer.
Protocol for smart contracts Flare has secured $11.3 million in a fundraising round led by Kenetic Capital, a Hong Kong-based blockchain business. Tokenized versions of other cryptocurrencies are created by the protocol and may then be utilized in smart contracts.
The SEC’s action against Ripple is expected to result in a pre-trial settlement. Pre-trial settlements account for 96 percent of all SEC cases, with 60 percent occurring before litigation and 90 percent occurring before discovery.