CJ - Cryptocurrency Enthusiast
CEO of Ripple Brad Garlinghouse stated that his organization would be interested in FTX-owned businesses that cater to commercial clients.
Brad Garlinghouse, the CEO of Ripple, is apparently interested in purchasing some crypto assets from the defunct FTX cryptocurrency exchange.
Sam Bankman-Fried, the former CEO of FTX, called Garlinghouse, according to The Sunday Times, two days before the company declared bankruptcy as he sought investors to salvage it. On November 16 and 17, Ripple's Swell conference was taking place in London when this occurrence took place.
The two talked about if there were any FTX-owned companies that Ripple "would want to own" during the discussion, according to the company's CEO. "If he needs money, there may be businesses he has purchased or that he owns that we would like to acquire. Have we purchased some of those from him? That was undoubtedly on the table,” he asserted.
Garlinghouse acknowledges that a prospective purchase for an FTX firm will be "quite different than it would have been one-to-one" now that FTX has filed for Chapter 11 bankruptcy in the United States.
"I'm not denying we'll have a look at such things; I have no doubt about it. But it's a more difficult route to go”.
The bankruptcy case in Delaware includes over 130 FTX-related businesses, including FTX.US. LedgerX, a crypto clearinghouse, FTX Digital Markets, FTX Australia Pty, and payment processor FTX Express Pay are a few subsidiaries that are not involved in the legal actions.
It appears that Ripple's leadership, like many others in the sector, are keeping up with the most recent FTX scandal developments.
The chief technical officer of Ripple, David Schwartz, tweeted to FTX employees on November 10 to inform them that Ripple may have a position for them as long as they aren't involved in compliance, finance, or business ethics.
What sort of attention would it bring to Ripple community, if Ripple indeed acquires some of the FTX assets? It seems that their intentions are for the sake of keeping crypto space safer. The easiest way to support Ripple is to buy XRP now. You can do that by visiting one of the top Ripple buying brokers called BC Bitcoin.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards