June 15, 2022

Nodeify News Ep. 30 - Ripple CEO teases potential IPO

Nodeify News Ep. 30 - Ripple CEO teases potential IPO

Featured Article: Ripple will explore the possibility of an initial public offering once its lawsuit with the U.S. Securities and Exchange Commission has ended, CEO Brad Garlinghouse told CNBC.

The company uses XRP, the world’s sixth-largest cryptocurrency, to facilitate cross-border payments. Effectively, fiat is converted to XRP which lowers the cost and increases the speed of the transaction. The XRP is then converted back to fiat.

But the SEC alleges Ripple, Garlinghouse and executive chairman Chris Larsen engaged in an illegal securities offering through sales of XRP. Ripple has argued that the digital coin should not be treated as a security, a designation that would bring it under much stricter regulatory scrutiny. (CNBC)

Links to all of the articles are down below:

📰 Article 1 - JPMorgan still supports crypto


📰 Article 2 - Stripe OpenNode partnership


📰 Article 3 - StarkWare Capraise


📰 Article 4 - Bitcoin Reclaims $30,000 Level as Crypto Market Turns Green


📰 Article 5 - Crypto firm Ripple will explore IPO after SEC lawsuit ends, CEO says


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