Ripple Ensures Customer Security Amid Acquisition Transition
As reported in a news article, Ripple, a prominent player in cryptocurrency payments, has intervened to mitigate the financial losses suffered by clients of Fortress Trust, a blockchain infrastructure-focused startup. According to Fortress Trust, the incident was caused by a security vulnerability involving a third-party vendor’s compromised cloud tools. Ripple, already a minority investor in Fortress, […]
Ripple’s Fortress Trust Acquisition Expands US Licensing
Fortress possesses a Nevada Trust license, enabling them to provide asset custody services, whereas Ripple holds in excess of 30 licenses spanning various jurisdictions within the United States. Ripple, a financial technology company, has announced its intention to acquire Fortress Trust to acquire additional regulatory licenses in the United States. This development was disclosed in […]
Binance CEO Dismisses Criticism, Claims ‘no liquidity issues’
Changpeng Zhao stated that despite the FUD, the crypto industry has scored a number of significant victories in recent weeks. Changpeng ‘CZ’ Zhao, co-founder and CEO of Binance, has dispelled recent rumors about his company, affirming that its balance sheet and employee retention remain robust despite recent market volatility. In a Sept. 7 post on […]
Ripple, Fubon Bank Partner for Hong Kong CBDC Pilot Program
Ripple revealed it would collaborate with Fubon Bank in Hong Kong to explore real estate asset tokenization using the e-HKD. Xu Luosheng, executive vice president and chief strategy officer of Fubon Bank Hong Kong, announced that the bank would launch a pilot program that would concentrate on client refund requests. The trial will use Ripple’s […]
Ripple Receives Rare Award for CBDC Innovation
Currency Research has recognized Ripple Labs for its contribution to advancing digital currency and the best sustainability initiative. A rare award has been given to American blockchain payments company Ripple Labs Inc. for supporting Central Bank Digital Currency (CBDC) innovation. Antony Welfare, the CBDC Advisor for Ripple Labs, announced on his official Twitter account that […]