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The digital currency is up 20% just two weeks into 2020, and crypto-enthusiasts expect institutional interest to drive prices higher through the year.
The firm rose to fame in 2017 when its XRP coin gained value alongside most digital currencies. The cryptocurrency rose as much as 4% on the news.
Bitcoin, the benchmark cryptocurrency, dropped suddenly and sharply in Asian trading overnight, losing as much as 7%, before rebounding a little.
Forbes estimates Larsen's current net worth to be $2.1 billion.
Coinbase is closing a deal that values the six-year-old cryptocurrency trading platform at $8 billion, Recode reports.
Lenders including Santander and Societe Generale are testing the Interbank Information Network (IIN). JPMorgan built the information sharing programme on its own proprietary blockchain platform, Quorom, and has been testing it with a handful of lenders since October 2017.
Bitcoin dropped sharply Wednesday, losing $500 of value in just over an hour. Other cryptocurrencies fell even more sharply, with both ether and Ripple's XRP losing about 12%.
According to new data from New York-based law firm Foley and Lardner, a group of insiders say that among cryptocurrencies like bitcoin, Dash, and Monero, they believe ethereum to be the best bet.
Crypto company Ripple is giving $50 million to universities including Princeton, MIT, and UCL for blockchain research
Universities involved in the project will be able to apply to Ripple's University Blockchain Research Initiative fund for cash. Some of the $50 million has already been allocated.
South Korean news editor Yonhap said prosecutors raided the country's biggest cryptocurrency exchange, Upbit, on Thursday and Friday on suspicion of fraud.