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Ripple News

Ripple Donates $2 Million to Texas University’s Blockchain Initiative

One of 17 institutions chosen for Ripple’s $50 million academic pledge, the University of Texas at Austin will receive $2 million from San Francisco-based industry giant Ripple. The McCombs School of Business at UT will receive $2 million from Ripple over the next five years to fund research at the institution’s Blockchain Initiative program, a The post Ripple Donates $2 Million to Texas Universit...
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Half of Top 10 Cryptocurrencies May Be Securities: Crypto Hedge Fund Executive

Kyle Samani, a managing partner at cryptocurrency hedge fund Multicoin Capital, believes the majority of the top cryptocurrencies could be considered securities, given SEC Director William Hinman’s statement on Thursday. In a 17-part tweet, Samani discussed the guidelines issued by the Securities Exchange Commission (SEC) on June 14. Hinman, the head of the SEC’s division The post Half...
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Ripple Expects India to Overturn Cryptocurrency Ban with Regulations

Ripple is reportedly ‘unfazed’ by the Indian central bank’s mandate on restricting banks from dealing with cryptocurrencies and expects a new regulatory framework to rescind the ban altogether. India’s biggest English news daily, the Times of India (TOI), is reporting that crypto and fintech industry giant Ripple is betting on Basel 3 norms (international regulations The post Ripple Expects India ...
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Western Union CEO Not Impressed by Ripple Trial, Doesn’t See Bitcoin Replacing Fiat

Western Union, the largest money transfer service in the world, made waves earlier this year when it confirmed that it had partnered with Ripple to conduct a blockchain trial involving the XRP cryptocurrency. However, six months into that test, Western Union CEO Hikmet Ersek said that the firm has yet to see any real cost The post Western Union CEO Not Impressed by Ripple Trial, Doesn’t See Bitcoi...
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Swarm is Tokenizing Coinbase, Ripple Shares– Whether They Like it or Not

Cryptocurrency startup Swarm has announced a new security token product that will allow accredited investors to purchase and trade equity in privately-owned tech companies like Coinbase, Robinhood, Ripple, and Didi. Swarm Wants to Tokenize the Equity of Private Companies The product, announced by Swarm on Wednesday, allows investors to pool their assets to obtain private The post Swarm is Tokenizi...
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Bitcoin Is Controlled by China, Won’t Disrupt Banks: Ripple CEO Brad Garlinghouse

It might be an overstatement to say that Brad Garlinghouse has been on a bitcoin-bashing tour — he is, after all, a bitcoin investor himself — but it’s undeniable that the Ripple CEO has used the recent market downturn as an opportunity to throw shade at the flagship cryptocurrency. The latest jab came this week The post Bitcoin Is Controlled by China, Won’t Disrupt Banks: Ripple...
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Enterprise Blockchain Startup R3 May Run Out of Money by Next Year: Report

Enterprise blockchain startup R3 is burning through cash at a breakneck pace and could be out of money by the first quarter of 2019, sources say. R3 Could Be Out of Money by 2019: Report Citing interviews with two former employees, Fortune reports that R3 — which in 2014 launched a high-profile banking consortium that The post Enterprise Blockchain Startup R3 May Run Out of Money by Next Yea...
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Bitcoin Won’t Be Global Currency: Ripple CEO Brad Garlinghouse

Brad Garlinghouse of Ripple told CNBC on Tuesday that Bitcoin will not be the catch-all solution people are hoping for in terms of being a global currency. “I think it’s not going to be the panacea that people once thought it would be, where it would solve all of these different kinds of problems,” Garlinghouse The post Bitcoin Won’t Be Global Currency: Ripple CEO Brad Garl...
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Ripple CEO Garlinghouse Expects ‘Dozens’ Of Banks to Use XRP by 2019

Brad Garlinghouse, CEO of Ripple, expects dozens of banks to be using XRP by the end of next year, given its speed of transaction and low cost. Garlinghouse was interviewed by CNBC at Money 20/20 Europe being held in Amsterdam. Garlinghouse also commented on a lawsuit by someone who lost money trading XRP who claims The post Ripple CEO Garlinghouse Expects ‘Dozens’ Of Banks to Use XRP ...
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Ripple Donates $50 Million to 17 Universities to Boost Blockchain, Crypto Adoption

Cryptocurrency startup Ripple, the blockchain-based payment network, is donating $50 million to 17 universities around the world to bolster the adoption of blockchain, the technology underpinning bitcoin. Ripple announced the partnership, called the University Blockchain Research Initiative, on its website June 4. The company said its donations will be made in U.S. dollars, not cryptocurrency. The...
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