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Ripple Top Exec Makes Surprising Offer To FTX Employees As Exchange Files For Bankruptcy

zycrypto.com

The offer comes as FTX files for Chapter 11 bankruptcy protections. Bankman-Fried has also resigned, entering the fifth day of the crypto exchange's catastrophic meltdown due to a liquidity crunch.

Read in Full: zycrypto.com
Bitcoin XRP
$ 0.6207

Timeline of Xrp


Tech Workers Still in Demand Despite Mass Layoffs, Says Ripple CTO - BeInCrypto

With the collapse of Sam Bankman-Fried's FTX exchange, many of his skilled employees will likely have to seek new employment. Fortunately for them, the chief technology officer at Ripple Labs hinted that they may not have to look far.


SEC has one more support to count on in the Ripple vs. SEC case - AMBCrypto

To support the U.S. Securities and Exchange's lawsuit against Ripple, the New Sports Economy Institute (“NSEI”) has asked the court to accept an amicus brief. In its proposed brief, NSEI makes the case that the cryptocurrency XRP, which is linked to Ripple, is a “speculative tool” supported by the greater fool principle.


Ripple can hire “clean” Ex-FTX employees - Crypto news

Ripple's CTO in a tweet today opened arms to employing Ex-FTX employees who were clean of the saga. The CTO further stated that Ripple could have bought FTX had it been in possession of the funds.


Ripple executive offers positions to former FTX employees - Cryptopolitan

The possibility of FTX personnel pursuing a career at the crypto payment firm has been hinted at by David Schwartz, chief technology officer at Ripple. Earlier, Schwartz made an equivalent offer to Twitter employees, who had seen drastic layoffs as a result of the management shift and Elon Musk's arrival.


SEC vs. Ripple: Fintech Firm Seeks To File Amicus Brief in Support of Regulator in XRP Lawsuit - The Daily Hodl

The CEO of financial technology firm InvestReady is seeking the court's approval to file a legal document that will support the U.S. Securities and Exchange Commission (SEC) in its legal suit against payments company Ripple Labs.


Ripple Price Prediction: Can XRP Price Bounce Back? - BeInCrypto

The XRP (XRP) price is trading above a long-term horizontal support area and ascending support line. Whether it breaks down or bounces will likely determine the direction of the future trend.


XRP Price Prediction as Price Rallies 20% From Recent Crash – Is The Selling Over? - Cryptonews

The XRP price has risen by 8% in the past day, with its current level of $0.394470 representing a 20% jump since it fell to around $0.33 in the wake of the FTX insolvency crisis. XRP is one of the best-performing major coins in the last 24 hours, although the outcome of the SEC-LBRY case casts doubt on Ripple's ability to come to a positive conclusion in its own case.


SEC Responsible For FTX Crisis? Ripple Counsel Claims This - Coingape

The cryptocurrency market witnessed a massive plunge over this week with the collapse of Sam Bankman-Fried's (SBF) FTX. However, the leaders engaged with the digital asset industry have alleged that the U.S. Securities and Exchange Commission (SEC) is responsible for this crisis.


Ripple Crashes as It Loses $0.41 in Support - Coin Idol

Ripple (XRP) is in a downtrend as sellers broke through $0.41 support. The altcoin fell to a low of $0.31. Due to the current decline, XRP has entered the oversold zone. It can be assumed that XRP will soon resume an uptrend if there are buyers in the oversold area.


XRP Price Prediction – XRP Drops 20%, Can it Fall to $0.10? - Cryptonews

The XRP price has fallen by 2% in the past day and by 20% in the past week, as the fallout from FTX's apparent insolvency continues to wreak havoc on the cryptocurrency market. The altcoin is also down by 27% in the past month, with the downturn of the past few days all-but erasing gains it had posted following positive news coming out of Ripple's case against the SEC.

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