Ripple Is ‘Fake It Till You Make It On Steroids,’ Claims Moonrock Capital CEO
The disclosure of Ripple Labs Inc.’s overture to purchase Circle Internet Financial for a reported $4 billion to $5 billion has ignited a rare public broadside from within the digital-asset industry itself, while simultaneously spotlighting diverging philosophies about how crypto networks should be commercialized. Simon Dedic, chief executive of the venture firm Moonrock Capital, took […]
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dotmoovs, a startup dedicated to creating non-fungible tokens of athletes, has completed a private funding round of $840,000 led by several prominent figures in the blockchain industry. The oversubscribed round was led by Moonrock Capital, Morningstar Ventures, Spark Digital Capital, Ascensive Assets, Rarestone, Building Blocks, AU21 and GBV Capital. The capital raised will be invested […]
The gold industry was shaken when it was discovered that 83 tons of fake gold bars were used to back loans worth 20 billion yuan in China. While Chinese authorities have not said whether the real gold exists or where it is, an insider claims to know what happened. The Mystery Behind the Chinese Scandal Involving 83 Tons of Fake Gold Bars One of China’s largest gold jewelry manufacturers, Kingold Jewelry Inc., was caught in a major fake gold scandal earlier this year. The company used 83 tons of gold bars to back loans worth 20 billion yuan ($3 billion) from 14 Chinese financial....
The UK arm of Spanish banking group Santander has developed a new payments app in partnership with distributed ledger startup Ripple. The app, announced today, is currently available to Santander UK staff, but the bank has plans to roll it out before the end of 2016, a move that would make it the first major bank in the country to offer payment services via blockchain to its clients. The project is a product of the continued relationship between the bank and Ripple, an association that began in earnest when Santander InnoVentures, its venture capital arm, invested $4m as part of Ripple’s....
Was the recent crypto crash bound to happen? Or was it engineered? Is the bull market over for good? Or is the market gaining momentum, preparing for big movements? Your guess is as good as ours, but Moonrock Capital’s Simon Dedic is of the opinion that weak hands got their foot caught in a bear […]
Ripple has hit back at the U.S. Securities and Exchange Commission (SEC), accusing it of creating more uncertainty and failing in its duty to protect the crypto community. In panning the SEC’s decision to designate its XRP token as a security, the company claims the regulator’s lawsuit against it amounts to an attack on the entire crypto market in the US. XRP Token Holders Affected The latest comments by the Ripple team follow reports of the delisting of the XRP token by Coinbase. In a short statement released on December 29, the firm, which is promising another....