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Crypto

Uphold president says XRP, XRPL are ahead in new financial system, seeks broader cooperation

Nancy Beaton, president of U.S. crypto exchange Uphold’s U.S. unit, said XRP and the XRP Ledger could benefit as traditional finance shifts to blockchain-based systems. She described Uphold as a financial infrastructure company and said its API technology can help banks offer digital asset services without building their own blockchain. Beaton said Uphold continues to work with Ripple and XRPL and sees broader collaboration opportunities.

Crypto

Uphold nears launch of Earn on XRP yield service targeting 1.62 billion XRP

U.S. cryptocurrency exchange Uphold is nearing the launch of a yield service for XRP holders called Earn on XRP, blockchain outlet U.Today reported on Thursday. Chief Product Officer Paul Underwood said development is in its final stage and details will be released within weeks. Because the XRP Ledger does not support native staking, Uphold is considering DeFi lending protocols or partner networks. Underwood also said the company is pursuing a New York BitLicense.

AI & Enterprise

South Korea science ministry gathers views on \'Korea AI ethics principles\', to adopt in August

South Korea\'s Ministry of Science and ICT gathered views from industry, civil society and academia ahead of adopting the \'Korea AI ethics principles\', a voluntary code for AI development and use. The ministry and the Korea Information Society Development Institute held a forum in Seoul with about 70 participants. The draft sets three core values and seven principles, and has been revised after receiving 116 written submissions.