Ripple Labs, the entity behind the XRP cryptocurrency, has not yet initiated the process for an initial public offering (IPO). However, back in 2022, Ripple’s CEO, Brad Garlinghouse, indicated to CNBC that the company would consider the possibility of an IPO once its legal battle with the Securities and Exchange Commission concluded. Ripple’s recent legal […]
FTX Debtors have recently revealed a series of financial statements that show any transactions that benefited company executives prior to the major cryptocurrency exchange’s collapse in November 2022. The filing with the United States Bankruptcy Court for the District of Delaware disclosed payments or property transfers that directly benefited senior company executives at FTX and […]
FTX, a collapsed crypto exchange, has moved almost $10 million in altcoins from Solana to Ethereum since Aug. 31 for undisclosed reasons. The tokens include LINK, SUSHI, LUNA, and YFI, and the transfers were conducted through Wormhole Bridge. It is unclear if the transfers are connected to the exchange’s bankruptcy proceedings or its recent request […]
Western Union, a global leader in money transfer services, has announced its adoption of Ripple’s blockchain technology and XRP token. This partnership is set to revolutionize the way Western Union handles cross-border payments by leveraging the advantages of blockchain and digital assets. RippleNet, Ripple’s proprietary blockchain platform, is renowned for its low-cost, fast, and reliable […]
GSR Markets Limited (“GSR”), a Ripple partner and leading digital asset liquidity provider and trading firm, has partnered with Standard Custody & Trust Company, LLC (“Standard Custody”), a New York Department of Financial Services regulated limited purpose trust company and qualified custodian. The partnership seeks to provide secure settlement and escrow services to its client […]
Grayscale, one of the largest holders of Bitcoin, is also reportedly the second-largest holder of Ethereum, according to a recent report by crypto analytics platform Arkham Intelligence. The platform identified Grayscale Ethereum Trust on-chain, with the asset manager holding close to $5 billion in Ether.The crypto analytics firm noted that Grayscale’s ETH holdings were split […]
Rune Christensen, co-founder of MakerDAO, has proposed to build the project’s upcoming native chain off of a fork of Solana’s codebase, rather than the Ethereum Virtual Machine (EVM). This is part of the fifth and final phase of the MakerDAO “Endgame” upgrade, which is expected to take around three years to complete. In a post […]
Robinhood, the popular online brokerage platform, has successfully completed a significant share repurchase agreement, acquiring $605 million worth of shares from Emergent Fidelity Technologies. The company filed an 8-K form with the US Securities and Exchange Commission (SEC) to officially announce the agreement. The Board of Directors authorized the pursuit of repurchasing the remaining 55 […]
Grayscale, a digital asset management firm, reportedly holds $5 billion in Ethereum (ETH) according to Arkham Intelligence. This is in line with Grayscale’s own public statements. The funds are divided across more than 500 addresses, each containing $30 million or less. Grayscale recently obtained a legal victory from the U.S. Securities and Exchange Commission (SEC) […]
Kava Chain, a decentralized Cosmos-Ethereum interoperable layer one blockchain, is now available on Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain. This integration will enable safe and secure access for Fireblocks customers to the expanding Cosmos DeFi ecosystem via the Kava Chain.Idan Ofrat, co-founder and chief product […]
