RippleX developers are using formal verification—a rigorous mathematical testing method—to check the XRP Ledger's new native lending system, including the XLS-66 Lending Protocol and XLS-65 Single Asset Vaults, before activating it on the Mainnet. This process aims to uncover rare bugs and edge cases that standard testing might miss, enhancing security for the Layer-1 financial system. The lending system will allow fixed-term, uncollateralized loans with off-chain borrower assessments and includes features like first-loss capital and compliance controls. Activation depends on validator approval, with the XRPL 3.2.0 upgrade expected soon to support these features.
The White House is meeting with law enforcement groups to address concerns about illicit finance and developer protections in the Digital Asset Market Clarity Act, which is nearing a Senate floor vote after passing the Senate Banking Committee. The b...
XRP's price faces a potential 30% drop to $0.80 if it falls below the $1.13 support level, driven by increased net inflows to exchanges from large holders (whales) signaling a possible sell-off. This bearish outlook is influenced by expectations of a...
Senator Tim Scott is advancing the Digital Asset Market Clarity Act, aiming to clarify regulatory roles between the SEC and CFTC for digital assets like Bitcoin. The bill passed the House with strong bipartisan support and cleared the Senate Banking ...
After a week of heavy outflows, XRP is recovering with a 1.15% weekly gain following a sharp 13.23% drop. Whale activity and oversold technical signals suggest this rebound may be more than short-term dip buying. Growing real-world asset activity on ...
David Schwartz, Ripple's CTO Emeritus and co-creator of the XRP Ledger, responded to criticism of his emeritus title by sharing a detailed poem. The poem highlights his deep technical knowledge and long involvement in the development of the XRP Ledge...
