• Ripple burn $30B XRP
    Ripple,  XRP

    Ripple CTO: Community could force us to burn $30B

    Ripple’s David Schwartz admitted on a Twitter thread that XRP validators could vote to force the international payments company to destroy 50B XRP—just like the Stellar Foundation did with XLM

    Schwartz’s comment came in response to a question on a Twitter thread that asked, “If Nodes, validators and the community at large got together and we agree that it's better for the community to burn the 50 billion XRP ripple has in escrows would that be possible?” Schwartz replied, "Yes. There would be nothing Ripple could do to stop that from happening.”

  • USD Coin coming to Stellar
    Cryptocurrencies

    USD Coin coming to Stellar network

    The addition of the second-largest stablecoin adds an important source of liquidity to the international payments network

    The announcement by Circle and Coinbase’s Centre Consortium makes the Stellar network the third blockchain to offer native support for USDC, joining Algorand and Ethereum.

  • blockchain.com crypto lending borrowing
    Cryptocurrencies

    Blockchain.com opens crypto lending to general public

    The major wallet service expanded on the institutional lending desk it opened in August; DeFi lending platform Aave adds tether support

    The cryptocurrency lending industry has been booming lately, with the options to borrow against holdings or earn interest by making loans becoming easier to find. But the interest rates seem too good to be true.

  • People,  Technology

    EXCLUSIVE: Stanley Yong, IBM CTO, departs Big Blue

    After Jesse Lund exit, a blow to IBM blockchain ambition and Stellar partnership

    Just two weeks after IBM’s blockchain ambitions fell into doubt with the mysterious departure of Jesse Lund, Big Blue is set to lose another key advocate for the space. Modern Consensus has exclusively learned that Stanley Yong, the company’s Global Lead on Central Bank Digital Currency Solutions, is leaving the company.