By The Numbers: How Much Ripple Has Spend Fighting The SEC
In an interview with Ryan Selkis, founder of Messari Crypto, the CEO of payment company Ripple Brad Garlinghouse talked about XRP and its legal battle with a U.S. regulator. The interview took place at Mainnet 2022, an event organized by the on-chain research company. Related Reading: Revolut Fell For Social Engineering Attack, Data From 50K […]
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Per a report from TechEu, a Metaverse startup called Hadean has partnered with gaming giant Epic Games. The London-based company has recently completed a Series A funding round, and it’s ready to expand its operations. Related Reading: By The Numbers: How Much Ripple Has Spend Fighting The SEC Hadean was successfully able to raise $30 […]
Ripple Labs has sealed new partnerships that will bring its Ripple protocol to two US banks. According to the company's 24th September announcement, Kansas-based CBW Bank and Cross River Bank, located in New Jersey, will be the first American banks to adopt Ripple's open-source distributed transaction infrastructure. The news comes several months after Ripple inked its first deal with the banking sector, when German bank Fidor became the first institution of its kind to integrate the Ripple protocol. Like Fidor, CBW Bank and Cross River Bank will now be able to tap Ripple's low-cost....
OpenCoin, the company behind the Ripple payment system, has announced that it should finally be made available via an open source license next week. Ripple, which features both a payment network and its own ripple currency (XRP), began circulating some of the 100bn pre-mined ripples earlier this year. Since then, OpenCoin has drawn considerable flak from the community for maintaining a closed-sourced approach with Ripple. However, the founders (who retained 20% of the entirely pre-mined currency for themselves) have consistently said that they planned to open source it at some point in the....
Gold Bullion International, a precious metals provider, announced in a statement Tuesday that it was opening as a live gateway on the Ripple protocol, creating a new gold-backed cryptocoin. That currency, XAU, is effectively a token representing physical gold with all of the ease of transaction inherent in cryptocoins. Or, as the Ripple blog puts it, “You are buying gold balances issued by GBI that are backed by and redeemable for physical gold bullion.” This has two key effects, the statement says: Gold becomes easier to trade. Gold can be spent anywhere Bitcoin is accepted via the Ripple....
The head of the International Monetary Fund (IMF) has called on countries worldwide to spend as much as they can and then spend more. She admitted that this is a “very unusual” policy for the IMF but it is needed to revive economies. Many people are interpreting her statement as very bullish for bitcoin. IMF Encourages Mass Spending IMF Managing Director Kristalina Georgieva has urged governments worldwide to spend as much as they can and then spend even more. She said on Friday at Russia’s annual Gaidar economic forum that policymakers worldwide should embrace more....