|More from: | Bitcoin Magazine ||
A year-old legal battle between two of the crypto industry’s leading organizations is coming to a close.
After a volley of countersuits that had the companies jumping from courthouse to courthouse, Ripple and R3 have brokered a settlement that will put the drama to rest. The terms of the settlement, however, are being kept under wraps by both parties.
In correspondence with Bitcoin Magazine, a representative for Ripple stated that the company has “nothing to share beyond the statement issued yesterday.”
The legal proceedings date back to July of 2017 when R3 accused Ripple and Brad Garlinghouse of breaching an agreement that would allow R3 to purchase 5 billion XRP, Ripple’s native currency, at a rate of $0.0085 before
Read full article » https://bitcoinmagazine.com/articles/ripple-and-r3-reach-settlement-year-long-court-case/
About | Bitcoin Magazine |
Bitcoin Magazine is the oldest and most established source of news, information and expert commentary on Bitcoin, blockchain technology and the digital currency industry. Since 2012, Bitcoin Magazine has provided analysis, research, education and thought leadership at the intersection of finance and technology.
Bitcoin Magazine strives to present accurate, timely and relevant material to the Bitcoin and blockchain communities. We are passionate about Bitcoin, cryptocurrencies and blockchain technology and are keen to share news about the people, companies and technological developments that are changing our world. Whether our readers are new to the space or blockchain-savvy developers, investors or entrepreneurs, we aim to inform and enlighten them with quality stories that meet our stringent editorial and journalistic standards, featuring both the highs and the lows of the cryptocurrency industry.