According to CoinDesk data, the cryptocurrency is up 3.12 percent on the day at $0.1934.
#Ripple 200m series tetragon series
However, one of the investment partners Tetragon became the main catalyst of the Series C share buyback, and Ripple’s overall success in court. XRP has seen a slight price bump as news of the investment spreads. Ripple has been clashing with its investment partners and the SEC for the past couple of years due to allegedly selling XRP tokens as securities and financial obligations. The Delaware court denied the multi-billion asset manager Tetragon Financial Group’s request to redeem its Ripple equity for cash amidthe ongoing legal battle between Ripple and the U.S.
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Related: Ripple Files Last Bid to Dismiss XRP Securities Lawsuit Before Court Meeting In a recent court hearing, Tetragon has lost its bid to reclaim its portion of a 200 million Series C investment in the blockchain company. Earlier this month, Ripple moved to have the case dismissed, saying, along with other arguments, even if XRP were a security, the investor plaintiffs brought their case far too late for it to proceed. Ripple will be in court next month, defending its motion to dismiss a lawsuit claiming its sales of XRP were an unregistered security issuance. Ripple Raises 200M in Series-C Round Led by Tetragon - CoinDesk Bitcoin 22,773.95 -2.22 Ethereum 1,544.97 -2.91 Binance Coin 263.67 -1.22 XRP 0.358401 -2.68 Binance USD 1.00 -0.04. In its last financial report, Ripple said its total XRP sales for the third quarter of 2019 were worth $66.24 million, up from $251.51 million in the previous quarter.
![ripple 200m series tetragon ripple 200m series tetragon](https://research-assets.cbinsights.com/2020/01/22142645/funding-activity-new-new-new-880x538.png)
As part of the deal, MoneyGram will utilize Ripple’s products for cross-border settlements. It also partnered with MoneyGram, taking a near 10 percent stake in the remittance firm. Ripple Price Analysis: Bulls Attempt Recovery Above 0.6 Stellar Lumen (XLM) Price Faces Uphill Task Near 0.18 Ethereum Price Analysis: ETH Faces Uphill Task. In the above equation Ei is the modulus of elasticity (for steel E 200 × 109 Pa). Highlighting what it called its “strongest year of growth to date,” Ripple said its RippleNet payments network grew in 2019 to over 300 clients. At the expense of increased torque ripple and supply harmonics.