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Breaking News: Ripple to Launch USD-Pegged Stablecoin, RLUSD, Amid SEC Tensions

Breaking News: Ripple to Launch USD-Pegged Stablecoin, RLUSD, Amid SEC Tensions

Breaking news

breaking news Breaking News Ripple to Launch USD-Pegged Stablecoin, RLUSD, Amid SEC Tensions
Breaking News Ripple to Launch USD-Pegged Stablecoin, RLUSD, Amid SEC Tensions
Korea Blockchain Week has kicked off with a bang, revealing some groundbreaking developments poised to shake up the cryptocurrency market. In a notable media interaction at the event, Ripple CEO Brad Garlinghouse announced plans to introduce a new U.S. dollar-pegged stablecoin, Ripple USD (RLUSD).

Currently, Ripples new stablecoin is in a private beta phase. Although Garlinghouse did not specify a launch date, it is anticipated that RLUSD will debut in the market within the next few weeks.

Heres a closer look at this exciting revelation!

Ripple CEO Slams SEC

Garlinghouse showed no reluctance in throwing his criticism towards the United States Securities and Exchange Commission. He pointed out the bitter challenges cryptocurrency companies face due to the hostile attitude of the SEC towards crypto-related business activities. He warned crypto companies to think twice before launching their businesses in the United States.

His statements indirectly showcased how much pain he experienced during his company’s legal battle against the SEC.

Ripple vs. SEC: What’s the Outcome?

In the initial stage of the legal battle, the SEC imposed a hefty fine of $2 billion on Ripple. Garlinghouses organisation challenged the fine and succeeded in bringing it down to a comparatively lesser sum of $125 million, marking an end to the long-running legal battle.

Many regard this as a victory for the entire crypto community.

Garlinghouses remarks were among the most outspoken of the event so far. As Korea Blockchain Week continues until September 7, 2024, its likely that more bold statements and announcements will emerge in the days ahead.

Also Check Out:  Ripple vs SEC: Heres Why Garlinghouse Says SEC Cannot Appeal the Ruling

Do you think Ripple’s new stablecoin will disrupt the market? Let us know your predictions.

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BREAKING NEWS: Former Army Chief, Buratai takes On Nigeria’s Deadly Fire Outbreaks

BREAKING NEWS: Former Army Chief, Buratai takes On Nigeria’s Deadly Fire Outbreaks

Breaking news

In a bold move to combat the raging fire outbreaks sweeping across Nigeria, the Nigerian Humanitarian Action (NIHA) has enlisted the expertise of none other than former Chief of Army Staff, Lieutenant General Yusuf Buratai!

Buratai, a decorated war hero and seasoned leader, has been inaugurated as Chairman of the Fire Prevention Week and Expo, as well as NIHA’s International Flagship Programme in the United States.

Dr. Kletsaint Akor, Chairman of NIHA and proponents council of Nigeria Fire Prevention week, hailed Buratai’s appointment as a “game-changer” in the fight against fire outbreaks, citing his “impeccable pedigree, unwavering integrity, and selfless dedication to Nigeria”

This collaboration aims to enhance fire safety measures, improve response strategies, and promote international best practices. Buratai has accepted the appointment, pledging to mobilize support from friends and stakeholders to minimize fire incidents.

The partnership seeks to address the alarming rate of fire incidents in Nigeria, despite significant budgetary allocations. NIHA and the Federal Fire Service are committed to strengthening fire safety measures, improving response strategies, and promoting public awareness about safety regulations.

With Buratai at the helm, Nigeria can expect a fierce battle against the flames. Will his military might be enough to tame the inferno? Only time will tell.

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BREAKING: CBN sacks 3 NIRSAL Executive Directors

Culture

Culture Cardoso Sacked 25 Out Of 29 CBN Directors After Firing About 600 Staff (See Names)
The Central Bank of Nigeria (CBN) has terminated the appointments of all executive directors at the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL).

Culture Cardoso Sacked 25 Out Of 29 CBN Directors After Firing About 600 Staff (See Names)

The decision, approved by CBN Governor Olayemi Cardoso on Friday, marks the latest in a series of layoffs at the apex bank since his assumption of office last year.

The sacked NIRSAL executive directors are:

  • Managing Director and Chief Executive Officer Abbas Umar Masanawa
  • Executive Director, Operations Kennedy Nwaruh
  • Executive Director, Technical Olatunde Akande

According to a report by The Nation, a NIRSAL official confirmed the development, stating the remaining staff are awaiting clarity on the circumstances surrounding the executive directors dismissal.

The apex bank in the termination letters, cited an ongoing major organisational and human capital restructuring process as the reason for the dismissals.

Recall the CBN in May this year dismissed seven directors and over 90 senior management staff.

The series of terminations has raised concerns about the banks restructuring efforts and their impact on its operations and the overall financial system.

The NIRSAL layoffs are part of a broader trend at the CBN, where over 700 staff have been let go in the past year.

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BREAKING NEWS

BREAKING NEWS

Breaking news

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Breaking News: NLC President Joe Ajaero Arrives at Police Headquarters for Terrorism Probe.

Breaking News: NLC President Joe Ajaero Arrives at Police Headquarters for Terrorism Probe.

Breaking news

Joe Ajaero, President of the Nigeria Labour Congress (NLC), has arrived at the Headquarters of the Intelligence Response Team (IRT).

Ajaero was summoned by the police last week to appear at the IRT Headquarters on August 20 at 10 am to respond to allegations of involvement in terrorism financing, cybercrime, subversion, criminal conspiracy, and treasonable felony. Unable to attend on the initially scheduled date, Ajaero committed to complying with the summons today.

He arrived at the premises at precisely 10:17 am on Thursday, accompanied by Senior Advocate of Nigeria Femi Falana, Marshal Abubakar, Deji Adeyanju, and other senior NLC officials.

The IRT is a division of the Force Intelligence Bureau within the Nigeria Police Force.

Further details to follow…

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Breaking News: Solingen knife attack: Suspect arrested

Breaking News: Solingen knife attack: Suspect arrested

Breaking news Finima

Breaking news Finima Man turns himself in to the police Suspect arrested after knife attack in Solingen

25.08.2024, 00:54

After the attack in Solingen, investigators have arrested a suspect who is said to have turned himself in. The man, who is from Syria, is being questioned. Evidence is said to be available.

The police have arrested a suspect in connection with the knife attack in Solingen. This was announced by North Rhine-Westphalia’s Interior Minister Herbert Reul. “The person we have been looking for all day has recently been in our custody,” said North Rhine-Westphalia’s Interior Minister Herbert Reul on Saturday evening in the ARD “Tagesthemen”. The man is “highly” suspected of the crime and is now being questioned. The terrorist militia Islamic State (IS) had previously claimed responsibility for the attack, but there has not yet been any confirmation from the security authorities that the motive was Islamist.

A spokeswoman for the Düsseldorf police said that the suspect was a 26-year-old Syrian. He turned himself in to the investigating authorities and stated that he was responsible for the attack, according to a joint press release from the public prosecutor’s office and the Düsseldorf police.

Referring to a search of a refugee shelter in Solingen, Reul said that this was part of further information that had been used. “But that was not what we wanted. We have been following a hot lead all day, and I can tell you that we successfully closed this hot lead a few minutes ago. The person we have actually been looking for all day has recently been in our custody.”

Breaking news Finima Previously arrested persons probably not suspected

A few hours earlier, the police had already arrested a man in a refugee shelter in Solingen, which is not far from the site of the attack in the city center. That morning, a 15-year-old who may have been connected to the possible perpetrator was also arrested. “But they were very likely, still cautiously, not the people we really suspect,” said Reul, referring to the two arrests.

breaking news Finima 479264860.jpg

The “Spiegel” reported that the emergency services in the refugee accommodation had only taken away one man who was being questioned as a suspected witness. The police also suspected that the main suspect was in the accommodation, it said. The emergency services had stormed the accommodation. A special task force was also deployed.

With regard to the 15-year-old, investigators had previously stated that they do not believe he was the perpetrator. One possible charge against him is failure to report planned crimes. “According to witness statements, an as yet unknown person spoke to the youth shortly before the attack about intentions that would be consistent with the crime,” said senior public prosecutor Markus Caspers on Saturday afternoon. According to “Spiegel”, the 15-year-old is a Kyrgyz who lives in a refugee shelter. He is refusing to testify, it was said.

Breaking news Finima Reul: Evidence found

It is too early to judge whether the arrest was ultimately a success. “I myself am a little relieved at the moment,” said Reul. “I can only tell you that it is now more than just a guess. We not only had a lead on this person, but we also found evidence.”

He did not say whether it was the murder weapon. The police had previously only announced that they had confiscated several knives and were being examined to determine whether one could be linked to the crime.

breaking news Finima Stüpp.jpg

According to “Spiegel” information, the man who has now been arrested came to Germany at the end of December 2022 and applied for asylum. He was not previously known to the security authorities as an Islamist extremist.

On Friday evening, a man apparently randomly stabbed bystanders at an anniversary celebration in the city of Solingen in the Bergisches Land. He then escaped in the tumult and initial panic. Two men, aged 67 and 56, and a 56-year-old woman died. Eight people were injured, four of them seriously.

Breaking news Finima IS claims responsibility for attack

The jihadist militia Islamic State (IS) claimed responsibility for the attack in Solingen. An IS “soldier” carried out the attack “on a gathering of Christians in the city of Solingen in Germany” on Friday, the IS propaganda organ Amaq announced on the online service Telegram. The attacker took “revenge” for Muslims in the Palestinian territories and elsewhere in the world.

The Düsseldorf police also said they received a letter claiming responsibility from IS. Now they have to check whether this letter is genuine, said a police spokesman. Investigators pointed out that IS has often claimed responsibility for a crime in the past without there being any reliable evidence of real cooperation with the perpetrator. It is unclear whether the man who has now been arrested has any connection to IS.

The Solingen attack caused great shock throughout Germany. On Sunday morning, an ecumenical service will be held in the Protestant city church in memory of the victims. From 10 a.m., there will be “a safe space for everyone who wants to mourn, sing and pray with us,” said city dean Michael Mohr. The church is not far from the crime scene. On Saturday evening, there was a service in Solingen’s pedestrian zone, attended by hundreds of people mourning the victims.

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Bet365 launches ‘Breaking news’ spot for Premiere League kickoff

Bet365 launches ‘Breaking news’ spot for Premiere League kickoff

Breaking news Finima

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by Alessandra Scotto of Santolo

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BREAKING NEWS: Police lock church after service turns violent in Abuja

BREAKING NEWS: Police lock church after service turns violent in Abuja

Breaking news Finima

Church service abruptly ended at the United Methodist Church in the Durumi area of the Federal Capital Territory as congregants engaged in a serious fight. The fight, which went on for hours, resulted in damage to some of the church’s property and required intervention from FCT command operatives to bring it under control…..CONTINUE READING THE ARTICLE FROM THE SOURCE

Our correspondent gathered that frantic efforts initially made by the police to stop the fight proved abortive until tear gas was released.

It was further gathered that the police locked the church, dismissed the members, and took some of the elders to the station for interrogation.

A church member, speaking anonymously to our correspondent, expressed displeasure over the conflict, saying that there had been a rift among the church elders concerning the decision to separate from their headquarters in the United States.

The member added that the conflict arose from the church headquarters legalizing practices that are foreign to Nigeria’s culture.

The member said, “Our headquarters is in America and they have legalised some practices that are not part of our culture. Some elders were of the view that we should pull out, and give the church another name. But another set of elders kicked against the move. This created a faction in the church. At a point, they wanted to go to court, but I cannot say why they did not end up going.

“Today, while addressing the church during the service, our pastor announced that they would be heading to the court and expressed his wish that the church remain with the headquarters. That was what instigated the fight. I have never seen such a thing before in my life. The fight was so serious that when the police came they did not stop until they fired teargas. Some of the church elders were taken to the station for interrogation after the whole thing. “

When contacted, the FCT command police spokesperson, Josephine Adeh, confirmed the incident.

She added that the Commissioner of Police, Bennett Igweh, had invited the church elders to his office on Monday.

Adeh said, “The CP has invited all the church elders to come to the command by 10 am tomorrow.“

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