Financial Industry News
One of Ripple Labs’ big financial backers is looking to reverse its bet on the XRP issuer. Tetragon Financial Group LTD, the multi-billion asset manager-turned-plaintiff, had led Ripple’s $200 million funding round in December 2019. On Monday night the U.K.-based firm moved to exit its position in a sealed filing in Delaware Chancery Court, according […]
Continue ReadingThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
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Continue ReadingBitcoin (BTC) was little changed, with prices appearing unable to hold levels above $24,000. “Bitcoin has moved vertically for a few weeks now and pullbacks will happen,” the Norwegian cryptocurrency-analysis firm Arcane Research wrote Tuesday in a weekly report. The bigger story Wednesday in digital-asset markets was the steep plunge in prices for the payments token XRP […]
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Continue ReadingThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Continue ReadingWith all the media attention on the shortage of hospital beds and medical supplies, it’s not often that you hear an uplifting headline. Well, crypto community, chin up. Ripple Labs Chairman Chris Larsen has made a full recovery from COVID-19. And he’s encouraging others who have to donate their blood. Chris Larsen Makes a ‘Full […]
Continue ReadingIt looks as if there’s more trouble brewing on the horizon for Ripple Labs. In fact, after a district California Court ruling, we may see a large ‘uptick’ in class actions across the whole cryptocurrency space. Ripple Labs May Be Looking at Multiple Lawsuits Ever since the SEC started clamping down on ICOs for being […]
Continue ReadingRipple is a financial settlement protocol to facilitate near-instant monetary transfers between two parties. It is a product of the San-Francisco based fintech company Ripple Labs. Chris Larsen and Stellar founder Jed McCaleb created Ripple to connect banks, payment providers, cryptocurrency exchanges for real-time, cost-effective, global money transfers. What is XRP [embedded content] The protocol’s […]
Continue ReadingKyoto University and the University of Tokyo have joined Ripple’s University Blockchain Research Initiative (UBRI) per CoinDesk Japan. The 2018 program now boasts 33 participants including Princeton University, Carnegie Mellon, and the National University of Singapore, among others. Ripple committed $50 million toward the project to develop blockchain, cryptocurrency, and digital network programs. Funds sent […]
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