Arthur Hayes, the CEO of cryptocurrency trading platform, BitMEX, has published a new report detailing the current state of major token sales from 2017 and 2018. The newest Crypto Trader Digest is out. https://t.co/owEvwcu5hW — Arthur Hayes (@CryptoHayes) November 21, 2018 In the report, Hayes and his team of analysts have identified at least 12 blockchain […]
SludgeFeed
The Twelve Billion Dollar Ripple Lawsuit Saga Deepens
A decision made back in 2016 by former Ripple boss Chris Larsen causing a rift between him and the company took another twist this week. A deal was signed with a bank consortium which included an option for its partner to buy 5 million tokens at when they were valued at a pittance. Ripple has countersued, claiming the deal was made in bad faith.
Following the meteoric price rise of XRP in the past month that contract is now worth $ 12 billion and both sides are locked in a courtroom battle that could influence the future of the company and its digital currency.