Brad Garlinghouse Clarifies There Is No Ripple-Circle Deal, Raising Questions on XRP Pump

Reports surfaced suggesting that Ripple had offered between $4 billion and $5 billion to acquire Circle Originally, the news caused XRP’s price to jump over 10% Circle announced plans to raise up to $896 million through an upsized initial public offering (IPO) in the United States A few weeks ago, reports surfaced suggesting that Ripple had offered between $4 billion and $5 billion to acquire Circle, causing XRP’s price to jump over 10%. However, during a session at the Ripple Conference in Las Vegas, Ripple’s CEO Brad Garlinghouse denied these claims. He stated that Ripple never pursued an acquisition of Circle, which eventually led to a correction in XRP’s price. Still, this incident highlights just how easily the cryptocurrency market is vulnerable to false information and how it can notably influence asset prices. Seems that the first reports of this now faux acquisition came from an article near the end of last month. It stated that Circle rejected the offer at first due to it being inadequate, and that Coinbase made a counteroffer. Interestingly enough, it was said that Ripple increased the offer to somewhere between $10 billion and $20 billion,… The post Brad Garlinghouse Clarifies There Is No Ripple-Circle Deal, Raising Questions on XRP Pump appeared first on Coin Edition .

Source: Coin Edition