At a Wall Street Journal event in Davos, Switzerland at the World Economic Forum, Ripple Labs chief executive Brad Garlinghouse made a surprising announcement: after saying that he expects for there to be a number of crypto- and blockchain-related IPOs in the coming 12 months, he said that he wants...
Yesterday, it was revealed that the chief executive of Ripple Labs, Brad Garlinghouse, made a massive announcement during an event surrounding the World Economic Forum of 2020 in Davos, Switzerland. At the Wall Street Journal event, Garlinghouse said that he believes in the next 12 months, “you’ll see initial public offerings...
For the longest time, the crypto market has existed independent of traditional financial structures. Indeed, banks have shunned users of Bitcoin, citing the potential illegality of transactions using BTC, and some of the world’s most powerful individuals have shunned digital assets as a whole. But, one leading industry executive believes...
Bitcoin Satoshi’s Vision (BSV) was no doubt the crypto market’s flavor of the week last week. For those who missed the memo, the altcoin was at a point up around 250% on the week, outpacing effectively all other multi-billion-dollar assets on any market. This rally has allowed BSV to become...
Over the past few decades, individuals have begun to leave their home countries in search of work abroad. This has created the remittance industry — where these workers can send money home to their families. With the entrance of blockchain into everything, firms like Ripple Labs in San Francisco have...
Last week, Lightnet, a financial technology startup dabbling in blockchain technology (just like Ripple) that is based in Thailand, revealed that it had raised $31.2 million in a Series A round. Per an announcement from the company shared on Yahoo Finance, the Bangkok-headquartered firm received funding from UOB Venture Management,...
While Bitcoin rallied by over 90% in 2019, Ethereum didn’t have it so hot. In a year where literally all mainstream asset classes posted near-record gains (the Nasdaq gained a jaw-dropping ~40% and gold surged over 15%), the second-largest cryptocurrency fell by 2.67%, meaning that it fell by 50% against BTC in...
Yesterday, top finance news outlet Fortune reported that Ripple Labs — an American fintech company — has just completed a massive funding round, a Series C. The investment, $200 million — sourced from global investment firm Tetragon, Japanese finance-centric conglomerate SBI, and Route 66 Ventures. This funding round, one of the...
BCH to Pass Bitcoin’s Market Cap? Speaking with Forbes, Roger Ver, early Bitcoin adopter and long-time libertarian, said that he thinks that Bitcoin Cash (BCH) will eventually surpass BTC in terms of market capitalization, claiming that eventually, the latter cryptocurrency will only be seen as a speculative asset. Backing this...
This year hasn’t been the best for XRP, though some would argue that the exact opposite can be said about Ripple Labs, the American fintech company that is a large proponent of the cryptocurrency. Over the past 12 months, Ripple has bagged deals with institutions, getting firms such as Banco...
If you’ve been on Crypto Twitter over the past few months, you’ve likely heard the name “FTX” tossed about. For those who missed the memo, FTX is a cryptocurrency-centric derivatives exchange built by veterans of Wall Street (Jane Street, Susquehanna, and Optiver) and other financial markets. The platform offers high...
Crypto Funds Close Up Shop According to a recent report from Bloomberg, 70 crypto-centric hedge funds that served a clientele of “pensions, family offices and wealthy individuals” have closed in the past year. The data, which came from Crypto Fund Research, also indicated that the number of new funds is...
