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Ripple abandons Fortress Trust deal after covering $15M loss related to security breach

Ripple has abandoned a deal that could have seen it acquire the financial infrastructure firm Fortress Trust, according to a statement on Sept. 28. Ripple CEO Brad Garlinghouse said in a tweet: “A few weeks ago, we signed a letter of intent to acquire Fortress Trust — we’ve since made the decision not to move forward […] The post Ripple abandons Fortress Trust deal after covering $15M loss related to security breach appeared first on CryptoSlate. дальше »

2023-9-29 00:50


Ripple CEO Drops Acquisition Bombshell: Fortress Trust Deal Off The Table

In a surprising turn of events, Ripple CEO Brad Garlinghouse announced that the company has decided to abandon its direct acquisition of financial institution Fortress Trust.  The decision marks a significant departure from Ripple’s earlier intention to acquire the firm, as they had signed a letter of intent just a few weeks ago.  However, Garlinghouse […] дальше »

2023-9-28 22:30


Crypto VC Firm Blockchain Capital Secures $580M For Expansion Of Investment Funds

Blockchain Capital, a venture capital company founded by Bart Stephens and Brad Stephens in 2013, has successfully closed two new funds, raising a total of $580 million.   The firm’s general partner, Spencer Bogart, confirmed the news to TechCrunch, stating that the funds consist of a sixth early-stage fund and the firm’s first “opportunity fund. дальше »

2023-9-19 05:00


Why Ripple And SEC May Never Face Off In Trial Court: Lawyer

In a recent Twitter thread, renowned XRP community lawyer Fred Rispoli shed light on the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). Rispoli’s insights suggest that the much-anticipated trial between Ripple executives Brad Garlinghouse and Chris Larsen and the SEC might never see the light of day. Ripple And […] дальше »

2023-8-25 11:25