Ripple’s Fintech Partner Nium Cuts Valuation by 30%
Nium, a cross-border payments company, has raised $50 million in a fresh investment round, representing a 30% decrease from its prior valuation. In its most recent $50 million Series E fundraising round, funded by an unknown Southeast Asian sovereign wealth fund, Nium, a payment partner of Ripple, reduced its valuation by thirty percent. A blog […]
Ripple’s Price Continues to Decline
Ripple (XRP) closed below its 20-day EMA for the fourth day, signaling a bearish trend and potential continuation of its seven-day price decline. Ripple (XRP) closed for the fourth consecutive day below its 20-day exponential moving average (EMA) on May 31, potentially prolonging a seven-day price decline. A token’s price falling below its 20-day moving […]
Ripple Case Update: Judge Schedules Public Zoom Hearing
Ripple vs Zakinov Case Update: Public can observe hearing on Zoom on motions for summary judgment and excluding testimonies. In the most recent update in the class action case against Ripple Labs, the judge has scheduled a public hearing on various applications to exclude witness testimony and a motion for summary judgment. On May 30, all […]
XRP Lawyer Reacts To South Korea’s XRPL Validator Addition
South Korean digital asset service firm Infinite Block joined the XRP Ledger as a validator after Japanese SBI Holdings explored a similar move. Pro-XRP lawyer Bill Morgan responded to the recent revelation that Infinite Block, a Korean virtual asset service provider, would join the XRP Ledger as a validator. Furthermore, he underscored the importance of this […]
Tether CTO Criticizes Ripple Chief for USDT Comments
Ripple CEO predicts US government‘s scrutiny on Tether, prompting rebuttal from Tether CTO. Brad Garlinghouse, CEO of Ripple, stated in his most recent interview that Tether (USDT) would be the next target of the United States government in cryptocurrency. Given the US government’s efforts to implement regulations on stablecoins, it may target market leaders such […]