Ripple Former Associates to Invest in Hedge Fund

The former employees of Ripple reportedly filed to SEC aiming to raise money for a cryptocurrency hedge fund Fractal Investments
30 January 2018   642

Tim Lewkow, the integration engineering manager, and Eli Lang, the creative director, who were previously working for Ripple, are seeking funds to invest into Fractal Investments, a crypto-asset fund, accoring to filings to the U.S. Securities and Exchange Commission (SEC) from 25 and 26 of January, 2018.

The filings are concerned with two branches, Fractal: Virtual Currency Investment Fund I LP and Fractal: Private Investment Fund LP, both of which are incorporated in Delaware, but there is no information regarding the amount of money which is planned to be raised and invested.

Fractal company invests into cryptographic digital assets, and, as it is stated on the official website of the company, its vision is that new blockchain assets are being developed to address new use cases and niches, and these assets have enormous utility to drive economic growth and modernization of financial systems. 

At the moment of press, these are main market parameters of Ripple:

Average price: $1,24
Marketcap: $48 197 691 920 
24h volume: $815 491 000

Ripple gets full support at Uphold

Financial services provider Uphold is expanding its crypto assets portfolio and will enable full support of XRP that goes live on May 24
21 May 2018   141

The former digital money platform known as BitReserve – currently branded as Uphold is looking forward to expanding its crypto offering even more. This time a full support of Ripple's XRP is rolling out on the platform on May 24. Back in March a member poll was conducted to decide the next token to support on the platform.

Ripple won with an overwhelming majority and was enabled to be traded by Uphold users from the corresponding wallets. There was even a zero-fee campaign for the first 5 mln XRP purchased to celebrate the launch. Now the full support is incoming with clients being able to trade using any wallets.

We are thrilled to announce that starting today Uphold members have access to buy and sell XRP right from their Uphold wallet. For a limited time and in celebration of this launch, Uphold is offering ZERO fees for the first 5M XRP purchased*.

This is another important milestone for our members and for Uphold as XRP is one of the fastest growing digital assets and the third most valuable cryptocurrency with a market cap of $24,838,048,184.

 

Uphold statement from March 30

Uphold serves 184+ countries with 30+ currencies (both traditional and crypto) and commodities providing frictionless foreign exchange and cross-border remittance around the world. The service combines a platform app model with payment connectivity to offer financial services to a global market.