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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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Braunstone Town murder: Five children arrested after dog walker, 80, dies in park attack

Braunstone Town murder: Five children arrested after dog walker, 80, dies in park attack

Breaking news

The pensioner died in hospital after he was allegedly attacked by a group in Braunstone Town on Sunday evening.

By Hannah KaneDeputy News Editor,Jon KingNews Reporter,Conor WilsonNews Reporter

Braunstone Town: Police at scene where 80-year-old died

Five children have been arrested on suspicion of murder after an 80-year-old man died following a serious assault in a park in Braunstone Town, Leicestershire Police have said.

A boy and a girl aged 14 and one boy and two girls aged 12 were arrested by police, the force said on Tuesday, September 3.

Leicestershire Police have launched a murder investigation after the elderly man died in hospital from injuries sustained in Franklin Park in Braunstone Town, Leicestershire, on the evening of September 1 at around 6.30pm.

The alleged assault happened close to the park’s entrance in Bramble Way. A group of young people allegedly fled the scene before emergency services arrived, according to Leicestershire Police.

Detectives want to speak to anyone who was in the park or the area of Bramble Way between 6pm and 6.45pm on Sunday.

breaking news Police cars at the park in Braunstone Town

Leicestershire Police has launched a murder investigation after the elderly man died in hospital (Image: Leicestershire Live)

Det Insp Emma Matts, senior investigating officer, said: “Sadly, following the death of the victim last night, this has now become a murder investigation.

“Officers are continuing to work at speed to establish the details of the attack and we have made a number of arrests as we continue to understand what has happened.”

She added police still need people to come forward if they were in the area around the time of the incident or have any information which could assist the investigation.

The 80-year-old is believed to have been wearing a black jumper and grey jogging bottoms.

She said: “Were you in the area of Franklin Park or Bramble Way around 6.30pm on Sunday night? Did you see the attack itself?

breaking news A view of the police cordon at the park

Police have arrested five children after a dog walker, 80, was killed in a park attack (Image: Leicestershire Live)

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“From the description given did you see the victim before the incident or possibly a group of young people leaving the area after?

“A scene preservation will remain in place at the park while our investigation progresses. Local officers are also in the area carrying out reassurance patrols and can speak to anyone in the local community who has concerns.”

Leicestershire Police said in a statement it will make a voluntary referral to the Independent Office of Police Conduct because of prior contact with the victim.

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