$1 Billion XRP Buying Pressure Ahead? Ripple Labs Plans New DAT Initiative
Ripple Labs is spearheading an effort to raise at least $1 billion to accumulate XRP via a new digital-asset treasury, or DAT, according to Bloomberg, signaling that the latest bout of market turmoil has not dislodged heavyweight players from advancing aggressive balance-sheet strategies tied to crypto assets. $1 Billion XRP Buying Pressure Ahead? People familiar […]
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Crypto firm Ripple is reportedly set to raise up to $1 billion to set up an XRP treasury firm. The firm is notably the largest XRP holder and plans to contribute some of its holdings to this proposed venture. Ripple To Raise $1 Billion For XRP Treasury According to a Bloomberg report, Ripple is leading […]
Amid a challenging period for the XRP price, which has seen a decline of 24% over the last two weeks, Ripple Labs, the blockchain payment company, has announced plans to raise at least $1 billion for a major XRP purchase, intended for the establishment of a new digital asset treasury (DAT). Ripple Plans Largest Fundraising Effort According to sources cited by Bloomberg, the capital will be managed within this new treasury, and Ripple plans to utilize a special purpose acquisition company (SPAC) to facilitate the fundraising. Additionally, the company will contribute some of its own XRP....
Global remittance giant Western Union is reportedly working on a pilot program with distributed payment protocol provider Ripple Labs. The news was first revealed in a tweet by Ripple Labs promoting CEO Chris Larsen's appearance at Global Conference 2015, an annual event held by non-profit think tank the Milken Institute. The pilot was further confirmed by Monica Long, VP of marketing and communications at Ripple Labs, who told CoinDesk that while Western Union is "exploring a pilot project using Ripple", no further details on the initiative were available. Long did, however, suggest that....
Photo by _Mo. Ripple Labs has weathered a difficult week that seemed like it could only get worse. The company's co-founder publicly announced he was liquidating his XRP holdings, which caused investor panic and caused the price of XRP to drop over 50%. Soon after, a prominent Ripple board member resigned from the company, leaving behind some strong words for the Ripple leadership team. The company responded by sending him a cease and desist letter, which he posted online alongside an emotionally charged response. It seemed as though Ripple Labs was headed for a messy legal battle, which....
Ripple (formerly Ripple Labs) has filed a trademark infringement lawsuit against Kefi Labs, the makers of a social photo-sharing app called Ripple. In documents filed on 2nd October in the US District Court for the Northern District of California, the San Francisco startup stated it is seeking $2m in damages against Kefi Labs for infringement, unfair competition and cybersquatting, funds it suggests represent three times of the value of the actual damages sustained. The 13-page lawsuit goes on to allege Kefi Labs and its employees used domain names such as getripple.io that were....