Markets

Ripple Acquires Crypto Wallet and Custody Firm Palisade

In brief The firm will slide Palisade’s offerings into its Ripple Payments and Ripple Custody solutions. Ripple acquired Hidden Road and GTreasury in billion dollar deals earlier this year. Ripple ended a four-year legal battle with the SEC this August. Ripple has acquired digital wallet provider and custody firm Palisade, the blockchain-based financial technology company…

Business

Morning Minute: Tether Prints $10 Billion in Profit

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news:💰 Tether Prints $10 Billion in ProfitTether is the most profitable company nobody talks about.And the stablecoin giant just posted numbers that would…

Business

Ripple Prime Clients Gain Access to Spot Crypto Trading

In brief Ripple Prime clients will have access to dozens of cryptocurrencies. Customers can engage in OTC spot transactions, Ripple said. Hidden Road was a multi-asset prime brokerage. XRP-linked fintech Ripple began letting U.S. customers access spot trading for dozens of cryptocurrencies through its Ripple Prime service, the company said in a blog post on…

Law and Order

Trump Downplays Knowledge of Binance Chief After Pardon Linked to Family’s Crypto Dealings

In brief The CBS segment was Trump’s first sit-down with 60 Minutes in five years, spanning the government shutdown, foreign policy, and crypto. Trump said he “didn’t know” CZ and had been “told” Zhao was wrongfully targeted by the Biden administration. O’Donnell pressed the president on Binance’s $2 billion transaction involving his family’s World Liberty…