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...
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...
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,...
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...
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...
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...
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...
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...
Believe it or not, Bitcoin is only 53% below its all-time high near $20,000. Ethereum, on the other hand, hasn’t fared so well. The second-largest cryptocurrency, despite the recent rally in the cryptocurrency markets, is still down by over 80% from its all-time high above $1,400, which it reached during...
A massive Japanese finance-centric company is doling out XRP, the third-largest cryptocurrency, to some of its shareholders, for free — if free does not equal holding shares of a company, anyway. Want to know more? Well, read on. Want Free XRP? SBI Shareholders Can Participate SBI Holdings — a large...
As the crypto market has rebounded over the past few weeks, mainstream media coverage of the industry has increased. This trend continued on Monday when Julia Chatterley, an anchor at international media outlet CNN (specifically the outlet’s “First Move” show), confirmed in a tweet that Ripple’s chief executive, Brad Garlinghouse,...
Over the past few days, XRP has been exploding higher, with its price recently surmounting $0.31 for the first time in months. While this move has not yet been sustained, analysts say that this uptrend is a precursor to a greater bull market for the third-largest cryptocurrency by market capitalization,...