Blockchain payments firm Ripple has announced a $200-million Series C share buyback, a decision that will take the San Francisco-based tech firm to a record-high valuation of $15 billion.Back in December 2019, Ripple raised $200 million in a Series C funding round with Tetragon Financial Group, a United Kingdom-based investment firm, acting as the lead investor alongside SBI … [Read more...] about Ripple announces $200M share buyback and expresses optimism for 2022
Ripple
SEC Must Surrender Hinman Email on Ether to Ripple, Judge Rules
An email of a draft of a 2018 speech by Hinman, former director of Corporation Finance, is included in the list of documents to be surrendered. Hinman gave the speech in June 2018, telling the audience at a conference that, in his view, ether was not a security. Source link … [Read more...] about SEC Must Surrender Hinman Email on Ether to Ripple, Judge Rules
Ripple CEO blasts the SEC on one-year anniversary of lawsuit
A year ago, on Wednesday, the SEC filed legal action against Ripple on charges of selling unregistered securities.With that, Ripple CEO Brad Garlinghouse saw it fitting to post a tweetstorm of his thoughts on the matter. Summing up, he reiterated that the lawsuit against his firm was an attack on the whole crypto industry.“Of all the shitty things in 2020, this was certainly … [Read more...] about Ripple CEO blasts the SEC on one-year anniversary of lawsuit
Ripple co-founder Jeb McCaleb’s “XRP dumping” has been on pause for the last 3 months
According to the website jed.tequ.dev, Ripple co-founder Jeb McCaleb hasn’t sold any XRP since the end of August this year. Making this one of the most prolonged periods in which he hasn’t offloaded his holdings.The data shows the last sale took place 12 weeks ago, where he transferred just under eight and half million XRP to Bitstamp to sell.Source: jed.tequ.devWhat’s the … [Read more...] about Ripple co-founder Jeb McCaleb’s “XRP dumping” has been on pause for the last 3 months
Ripple to help create a CBDC for this tiny island-nation
According to a press release shared by Ripple, the XRP ledger is all set to partner with the Republic of Palau to help circulate digital dollars in the country. The press release also states that Ripple will be working on designing a USD-backed stablecoin that will help create other services such as corporate registries. Despite facing turbulent price fluctuations in the … [Read more...] about Ripple to help create a CBDC for this tiny island-nation