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Ripple Retracts Acquisition Plans for Fortress Trust


Following the letter of intent to acquire Fortress Trust, Ripple CEO Brad Garlinghouse announced the company has decided “not to move forward with an outright acquisition.” Garlinghouse didn’t cite specific reasons for dropping the deal but said Ripple planned to remain an investor...

JPMorgan CEO Warns of the Fed Raising Interest Rates to 7% With Stagflation


JPMorgan Chase CEO Jamie Dimon has expressed concerns about the Federal Reserve potentially raising interest rates to 7% and that the U.S. economy could experience stagflation. “I am not sure if the world is prepared for 7%,” he stressed, adding that there is “a range of outcomes.”...

Local US Bank Shut Down after CEO Lost Millions in Crypto Scam


Heartland Tri-State Bank, a community bank in Elkhart, Kansas, has been forced to shut down after its CEO, Shan Hanes, lost millions of dollars in a cryptocurrency scam.  The incident unfolded on July 5 when Hanes, desperate to retrieve his money from a supposed cryptocurrency investment...

There's a Long Way Ahead to Make Crypto Safer: Hexens CEO


The cryptocurrency industry continues to evolve at a rapid pace, bringing with it a host of cybersecurity challenges.  While almost all cryptocurrencies are secured by cryptography, which makes these digital assets immune to hacks, counterfeit, or double-spend, the industry remains vulnerable to...

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