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Satoshi Nakamoto - Wikipedia

Satoshi Nakamoto - Wikipedia

Inventing bitcoin , implementing the first blockchain , deploying the first decentralized digital currency Digital currencies , computer science , cryptography Satoshi Nakamoto is the name used by the unknown person or people who designed Bitcoin and created its original reference implementation . [1] As part of the implementation, they also devised the first blockchain database. [2] In the process they were the first to solve the double-spending problem for digital currency . They were active in the development of Bitcoin up until December 2010. On a P2P Foundation profile, Nakamoto claimed to be a man living in Japan , born on 5 April 1975. [3] Speculation about the true identity of Nakamoto has mostly focused on a number of cryptography and computer science experts of non-Japanese descent, living in the United States and Europe. [4] In October 2008, Nakamoto published a paper [5] [6] on the cryptography mailing list at metzdowd.com [7] describing the Bitcoin digital currency. It was titled "Bitcoin: A Peer-to-Peer Electronic Cash System". In January 2009, Nakamoto released the first Bitcoin software that launched the network and the first units of the Bitcoin cryptocurrency , called Bitcoins. [8] [9] Satoshi Nakamoto released the Version 0.1 of Bitcoin software on Sourceforge on 9 January 2009. Nakamoto claimed that work on the writing of the code began in 2007. [10] The inventor of Bitcoin knew that due to its nature, the core design would have to be able to support a broad range of transaction types. The implemented solution enabled specialized codes and data fields from the start through the use of a predicative script . [11] Nakamoto created a website with the domain name Bitcoin.org and continued to collaborate with other developers on the Bitcoin software unti Continue reading >>

How Much Money Did The Founder Of Bitcoin Make?

How Much Money Did The Founder Of Bitcoin Make?

The creator of Bitcoin has never been identified with accuracy and is still controversial. The theory I believe more is that Dave Kleiman is the real brain behind Bitcoin. This Australian Says He and His Dead Friend Invented Bitcoin However, the creator of Bitcoin should have around 1 million of Bitcoins , which accounts to 1/16 of the actual total, and 1/21 of the grand final total that will only be reached around year 2144. At the moment 1 million of Bitcoins is worth more than 1 billion USD but of course if anybody would put on the market so many Bitcoins for selling, the price would fall to the ground Original Question: How much money did the founder of bitcoin make ? The founder of Bitcoin is known as Satoshi Nakamoto on Internet, but his true identity is quite unknown in reality. For all we know, Satoshi Nakamoto could be anyone in the whole Wide World behind a pseudonym. One cannot determine accurately how much Satoshi Nakamoto made due to the fluctuation of the price of Bitcoin, but it is safe to say that the Founder of Bitcoin made a ton of money. Satoshi Nakamoto is believed to have mined for Bitcoin since day 1 and given that there were quite a limited number of early adopters, he did end up mining a majority of bitcoins for himself which are worth a lot more than they did back in those days. Satoshi Nakamoto probably mined from his computers CPU until switching to GPUs which offered a lot more efficient mining. Given that there isnt any authenticity of who Satoshi Nakamoto is, there really is no telling as to how much he currently owns since a majority of his bitcoins might have converted into Burnt Bitcoins. As of 2 February 2017, Nakamoto is believed to own up to roughly one million bitcoins which at todays price of $1339.5 is worth around $1,339,150,000 Continue reading >>

Ripple Co-founder Is Now Richer Than The Google Founders On Paper

Ripple Co-founder Is Now Richer Than The Google Founders On Paper

Ripple co-founder is now richer than the Google founders on paper With Ripple's XRP coin hitting a high of $3.84, the company's co-founder and executive chairman, Chris Larsen, is now worth about $59.9 billion on paper. That puts Larsen just ahead of Larry Ellison, who ranks fifth on the Forbes 400 list with a worth of $58.4 billion, and ahead of Google founders Larry Page and Sergey Brin, who rank eighth and 10th on the list, respectively. Larsen has 5.19 billion of XRP and a 17 percent stake in Ripple, according to Forbes, citing sources at the start-up. Thanks to one digital currency's surge in the last few weeks, the co-founder and executive chairman of Ripple is now one of the five richest people in America. Chris Larsen, co-founder and executive chairman of Ripple, has 5.19 billion of the company's digital coin XRP and a 17 percent stake in the company, according to Forbes , citing sources at Ripple. With XRP hitting a high of $3.84 on Thursday, Larsen's holdings are worth about $59.9 billion. That puts the former Ripple CEO just ahead of Larry Ellison , who ranked fifth on Forbes 400 list with a worth of $58.4 billion. Facebook CEO Mark Zuckerberg ranks fourth, with a worth of $74.4 billion. Google founders Larry Page and Sergey Brin rank eighth and 10th on the list, respectively. A representative for Ripple said the company had nothing to add. Its XRP coin soared 35,500 percent to $2.30 last year, far outpacing bitcoin's and ethereum's gains. The company owns 61.3 billion of the 100 billion XRP coins in existence, giving Ripple a market value of nearly $235.4 billion Thursday. The San Francisco-based start-up is using blockchain technology to develop a payments network that more than 100 financial institutions are using, according to the company. Ripple's websi Continue reading >>

Meet The Crypto Billionaires Getting Rich From Ripple's Xrp

Meet The Crypto Billionaires Getting Rich From Ripple's Xrp

Meet The Crypto Billionaires Getting Rich From Ripple's XRP The value of cryptocurrencies skyrocketed in 2017 to more than $600 billion, minting scores of crypto millionaires. A few lucky holders are also breathing the rarefied air of the billionaires club and not just in the most valuable cryptocurrency Bitcoin, which has a market capitalization of $237 billion. Two billionaires who now easily rank among thewealthiest Americans include the current and former CEOs of Ripple , a San Francisco-based company using blockchain technology in international financial transactions. It issues a token called XRP that, as of Monday, January 1, had a market capitalization of $88.9billion; each XRP was trading at $2.39, according to Coinmarketcap . Just the week before, Ripple had surpassed Ethereum to become the second-most-valuable crypto asset. Cofounder and former CEO Chris Larsen, who stepped down in November 2016 and now serves as executive chairman of Ripple, has 5.19 billion XRP in his personal holdings and a 17% stake in the company, according to sources at Ripple. That gives him a net worth of $37.3 billion, using Mondays exchange rate. Chris Larsen, Ripple cofounder, executive chairman and former CEO That would make him the 15thrichest American on the 2017 Forbes 400 list as of Monday , tying him with Steve Ballmer, the former Microsoft CEO and current owner of the NBAs Los Angeles Clippers. He ranks a bit ahead of Abigail Johnson, the CEO of Fidelity, who is herself a big cryptocurrency fan, plus hedge funder Ray Dalio and investor Carl Icahn, both of whom have made headlines for calling Bitcoin a bubble. Current Ripple CEO Brad Garlinghouse ownsa 6.3% stake in Ripple, according to a source at the company, and owns additional XRP tokens. He has a net worth of at least $9 Continue reading >>

Chris Larsen Net Worth: What Is The Ripple Co-founder Worth?

Chris Larsen Net Worth: What Is The Ripple Co-founder Worth?

Chris Larsen net worth: What is the Ripple co-founder worth? Chris Larsen net worth: What is the Ripple co-founder worth? CHRIS Larsen has watched Ripples XRP cryptocurrency skyrocket over the past few months, earning him billions of dollars. But what is Chris Larsens net worth? Chris Larsen net worth: The Ripple founder is worth about 27.6billion Ripple co-founder Mr Larsen was catapulted almost instantly into the top 20 richest Americans on the planet at the start of January, after his Ripple XRP cryptocurrency surged by more than 1,300 percent in just a few weeks. Ripples sudden rise is part of a wider trend that saw XRP appreciate by some 35,000 percent in 2017. At the start of last year Ripple was trading at about $0.006 per token. Today XRP goes for just over 1.48 ($2), according to CoinMarketCap. Mr Larsen is worth approximately 27.6billion ($37.3billion), according to Forbes. Ripple v Bitcoin chart: How is XRP performing compared to BTC? His net worth was calculated by combining the value of the 5.19billion XRP in his personal holdings and a reported 17 percent stake in Ripple. As Forbes used the exchange rate from Monday January 1 to pinpoint the figure, Mr Larsens worth will have fallen in line with Ripples recent depreciation. On January 1, a single Ripple token was worth about 1.78 ($2.40), compared to around 1.48 ($2) today. Mr Larsens net worth surged briefly last week, when each Ripple coin began trading at more than 2.81 ($3.80). Chris Larsen net worth: XRP has surged over the past few months On January 4, Forbes temporarily upped his net worth estimate to 43.7billion ($59billion), putting him ahead of Facebook boss Mark Zuckerberg. Forbes estimates that Mr Larsen sits about 15th on its list of the richest Americans, where he is rubbing shoulders with t Continue reading >>

Ripple Co-founder Chris Larsen Might Be The 8th Richest Person In The World

Ripple Co-founder Chris Larsen Might Be The 8th Richest Person In The World

Ripple Co-Founder Chris Larsen Might Be the 8th Richest Person in the World Join our community of 10 000 traders on Hacked.com for just $39 per month. The recent ripple price surge has undoubtedly made many investors quite wealthy. On Thursday, the global average ripple price rose to an all-time high of $3.84, meaning that a hypothetical $1,000 investment made on Jan. 1, 2017, would now be worth more than $600,000. No one, however, has benefited more than Ripple co-founder Chris Larsen, who is currently the firms executive chairman and formerly served as its CEO. Citing a source at Ripple, Forbes reports that Larsen personally owns 5.19 billion XRP and has a 17 percent stake in the company, which is currently holding 55 billion XRP in escrow. Based on the value of these holdings, Larsen is worth at least $55.8 billion, an estimate that excludes Ripples value as a company apart from its XRP balance. According to Bloombergs Billionaires Index , this makes Larsen the eighth-wealthiest person in the world, ranking him just ahead of Google co-founder Larry Page and a few billion dollars behind Mexican business magnate Carlos Slim, who formerly held the title of the worlds richest person. Amazingly, however, Larsen is only one of at least three current or former Ripple executives who have become billionaires due to the cryptocurrencys recent success. Jed McCaleb, who co-founded Ripple with Larsen but left the company in 2013 and later founded Stellar, reportedly owns the rights to 5.3 billion XRP worth more than $20.3 billion, which are held in escrow by the company and distributed to him on a monthly basis. McCaleb also owns one billion XLM, which are worth more than $800 million but have yet to fully vest. According to Bloombergs data, this makes McCaleb the fortieth-riche Continue reading >>

Btc Founder, Satoshi Nakamoto Net Worth Reaches Millions

Btc Founder, Satoshi Nakamoto Net Worth Reaches Millions

Last updated on October 12th, 2017 at 01:49 pm With the rise of Bitcoin as the most prominent online currency for anonymous users, there remains the mystery of Satoshi Nakamoto. The first person to mine Bitcoin as an investment on a large scale, the continued growth of the currency has led to an enormous cache of wealth. Hes suspected as owning perhaps one million Bitcoins, which, at $700 per coin (current market value), would put Satoshi Nakamoto net worth at $700 millions! Quite a haul for purchasing some online coins and hes certainly one of the wealthiest people on earth to remain completely anonymous. What IsBitcoin Founder, Satoshi Nakamoto Net Worth? Even more striking, when considering Satoshi Nakamoto net worth in Bitcoin, is the share of total bitcoins in the world that he now controls, which is around 7%. This would give him enormous power and influence in the Bitcoin world, allowing him to personally move the value and market for Bitcoins if he ever chose to act with his haul of Bitcoin. With no real clue as to who he is or what he is seeking to do with his Bitcoin treasure, and the influence that he could exert over the entire Bitcoin market, its a mystery that will keep Bitcoin users engaged for a long time. The spectacular buildup of Satoshi Nakamoto net worth is in many ways a unique story. Currency trading is nothing new, but its usually a matter of trading foreign currency against different and changing valuations. Accumulating money in the way of Satoshi Nakomoto net worth is more akin to holding onto a stock share for a long time. Now that Nakomoto is the largest shareholder hes like the CEO, or Bitcoin creator, able to exert real influence over the entire market, only this is a currency market. Undoubtedly, though, his enormous and growing wealth w Continue reading >>

Ripple Co-founder Takes Over Google Founders In Terms Of Net Worth

Ripple Co-founder Takes Over Google Founders In Terms Of Net Worth

Ripple Co-Founder Takes Over Google Founders In Terms of Net Worth Published on: Jan 04, 2018 by CryptoCrimson Staff A large number of people are attracted towards cryptocurrencies because the believe it is a 'get-rich-quick' sort of a scheme. You can't really blame them for that either! When you look at the cryptocurrency success stories - it does feel like a 'get-rich' scheme. Ripple Co-Founder Chris Larsen, for instance, has now overtaken Google founders in terms of net worth!Chris Larsen, the co-founder of Ripple Labs is now the fifth richest man in the world as per Forbes. He has taken over Larry Page and Sergey Brin. Net worth of Chris Larsen is now at $58.4 Billion. He took a major leap from being the 21st name in the list a couple of days ago to now being the fifth richest person in the world. This is perhaps the biggest leap anyone has ever taken in this list.Chris Larsen holds 5.19 Billion units of Ripple, as well as a 17% stake in the company. With Ripple now booming to an all-time high of $3.5 - the net worth of Chris Larsen too, has increased. Larsen is now right behind Mark Zuckerberg, who stands in at #4 with a net worth of $74 Billion. Ripple's market cap of $130 Billion is now exactly 50% of that of Bitcoin, which stands in at $260 Billion. The sudden boom in the prices of Ripple can be assumed to be a result of the faith shown in the technology by various financial institutes and investors from across the world. Their payment technology is being backed by major names such as Softbank and is being adapted by a number of major banking authorities.Cryptocurrency founders tend to retain major portions of their currency for themselves, hoping that their currency will one day become a major token. Bitcoin founder Satoshi Nakamoto owns about a million Bitcoi Continue reading >>

Ripple Cofounder's Net Worth Passes Google And Oracle Founders | Fortune

Ripple Cofounder's Net Worth Passes Google And Oracle Founders | Fortune

A cryptocurrency mogul is now one of the richest people in the world at least on paper. Chris Larsen , the cofounder, executive chairman, and former CEO of the cryptocurrency company Ripple , became the worlds fifth wealthiest person as the price of Ripples XRP cryptocurrency soared past the $3 mark this week. The recent price surge catapulted Larsen ahead of Google (goog) cofounders Larry Page and Sergey Brin (nos. 8 and 10 respectively, excluding Larsen) in terms of personal net worth, according to data from Forbes billionaires list . The lift also gave him an edge over Oracle (orcl) cofounder Larry Ellison (formerly no. 5). Larsen personally holds 5.19 billion XRP crypto coins as well as a 17% stake in the company he cofounded, Forbes reported Tuesday , citing sources close to Ripple. Fortune has since confirmed the figures with people close to Ripple. Larsens wealth swelled to extravagant proportions when the price of Ripples XRP token hit an unprecedented high of $3.84 per coin Thursday, per data from the industry tracker CoinMarketCap . Since Ripple controls 61% of the worlds supply of XRP coins 61 billion out of 100 billion in total the gains placed Larsens personal position in the cryptocurrency as well as his share of the XRP owned by his company at a dizzying total of $59.8 billion. For more on cryptocurrency, watch Fortunes video: XRPs price has rocketed more than 1,400% since early December. On Thursday, the sum of Larsens newfound fortune technically exceeded the fortunes of Ellison ($58.9 billion), the oil tycoon Koch brothers ($51 billion apiece), Page ($50.8 billion), media impresario Michael Bloomberg ($49.7 billion), and Brin ($49.3 billion), in the estimation of Forbes billionaires list. Larsen, who cofounded Ripple in 2012 before stepping down as CE Continue reading >>

Ripple Co-founder Worth As Much As Google's Founders As Xrp Price Surges

Ripple Co-founder Worth As Much As Google's Founders As Xrp Price Surges

Chris Larsen, the co-founder and executive chairman of the blockchain company Ripple, saw his net worth soar to $59.9 billion (on paper) on Thursday, according to a report from CNBC . This made himtheoreticallyone of the five richest people in America, worth more than Google founders Larry Page ( $50.7 billion ) and Sergey Brin ( $49.3 billion ). How did Larsen suddenly leapfrog some of the wealthiest people in the tech industry? The answer lies in the rapid rise of Ripples cryptocurrency XRP, the fast-growing cryptoasset of 2017. Ripple is a San Francisco company that operates a blockchain-based payments network, which it claims is used by more than 100 financial customers, including American Express and Santander. The company first released the XRP cryptocurrency in 2012 , presenting it as a faster and more scalable alternative to Bitcoin. XRPs value rose by 36,000 percent in 2017, outperforming better known coins like Bitcoin, which rose by about 1,300 percent, and Ethereum, which rose by about 9,100 percent. Thats partly because Ripple started much smaller, worth less than one cent per XRP going into 2017. The price made it to around 20 cents per coin last summer. But its growth rapidly accelerated in December, when it jumped to over $2 over the course of a few weeks, around the same time as Bitcoin made its major leaps and conversation about cryptocurrencies broke into the mainstream. Last week, Ripple surged ahead of Ethereum and became the second most valuable cryptoasset, behind Bitcoin, in market cap (the total value of all of its coins). XRP peaked at $3.84 on Thursday, sending Larsens worth (on paper) to its astronomical levels. Larsen himself reportedly owns 5.19 billion XRP and has a 17 percent stake in Ripple, which in turn owns 61.3 percent of all XRP. ( Continue reading >>

How Rich Are The Founders Of Ripple And Ethereum?

How Rich Are The Founders Of Ripple And Ethereum?

How Rich Are the Founders of Ripple and Ethereum? Ethereum cofounder Vitalik Buterin. (Image: Getty) Today marks two records in the altcoin world: Ethereums per-coin value broke $1,000, and the rising value of Ripple supposedly boosted its co-founder Chris Larsen to an estimated net worth of $59.9 billion. Despite a very real speculation bubble around cryptocurrency, these financial gains are mostly on paper, and the two coins couldnt be more different. Unlike the recently cratering Bitcoin, which cant decide if its a currency or a store of value, Ethereum bills itself as a blockchain app platform where transactions are used to pay for decentralized computing power. (The most visible of these apps so far has involved the breeding and trading of digital cats .) Despite its intentions, the coins skyrocketing value has much less to do with enabling trustless apps than the sort of wild speculation that drove a nearly 20x increase in bitcoin over last year. Ripple is significantly less public-facing. Its core proposal is to facilitate fast, cheap transactions, mainly between banks, through a separate but related entity called Ripple Connect. The Ripple coin (XRP) exists independently in the hopes that banks will someday use it via Ripple Connect. It cant be mined as other currencies can, and its worth per coindespite holding the second largest market cap behind bitcoinhas yet to top $4. The stark differences dont end there. Larsen, a man in his late 50s, has a background in financial startups, and Ripples other now-departed cofounder Jed McCaleb is known for p2p software like eDonkey as well as being the original owner of Bitcoin exchange Mt. Gox. Ethereums cofounder Vitalik Buterin is only 23 years old, and dropped out of college after receiving a Thiel Fellowship. More ge Continue reading >>

Bitcoin.com Co-founder: Sell All Your Bitcoins, It's

Bitcoin.com Co-founder: Sell All Your Bitcoins, It's "useless" - Business Insider Nordic

Emil Oldenburg, the CTO and co-founder of bitcoin.com has spent the past three years in Tokyo. Oldenburg is also the co-founder of Safello, a Swedish bitcoin exchange. Bitcoin is virtually useless and has no future as a tradeable currency says Emil Oldenburg, the co-founder and CTO of bitcoin.com , one of the worlds largest bitcoin websites. Oldenburg has sold his bitcoins and believes others will do the same when they realize how illiquid the market is. He says bitcoin's drawbacks are high fees and transaction lead times - a heated topic of discussion in the community today -and resistance to change from people running the old bitcoin network. Oldenburg believes there's a brighter future for Bitcoin Cash, a spinoff currency of bitcoin that is now being actively promoted by bitcoin.com. Bitcoin.com is one of the worlds largest bitcoin sites, having grown its profile this year thanks to the remarkable price surge of the cryptocurrency . But its cofounder and CTO, Emil Oldenburg, a Swedish native, is extremely skeptical when it comes to bitcoin's future. I would say an investment in bitcoin is right now the riskiest investment you can make. Theres an extremely high risk, he says in an interview with Swedish tech site Breakit . Although Oldenburg is far from the first to criticize bitcoin's viability as an investment, his position as an insider does stand out even as he migrates to its spin-out, bitcoin cash (BCH), a so called"hard fork" of bitcoin, which was launched in August and is currently the world's third-largest cryptocurrency. I have in fact sold all my bitcoins recently and switched to bitcoin cash, Oldenburg says. Bitcoin Cash has also gained the strong support of Oldenburg's co-founder , Roger Ver. Oldenburg's big problem with bitcoin is high transaction costs Continue reading >>

Chris Larsen Net Worth - Ripple Co-founder's Worth Was $59 Million, Making Him Richer Than The Google Founders

Chris Larsen Net Worth - Ripple Co-founder's Worth Was $59 Million, Making Him Richer Than The Google Founders

For a moment yesterday, Chris Larsen was one of the five richest people in America. The co-founder of Ripple, a virtual currency and Bitcoin rival, was worth $59 billion on paper yesterday, according to figures cited by the New York Times and Forbes . Larsen is the largest holder of Ripple's currency, XRP, which was trading at a high of $3.84 yesterday (the value has since decreased to around $3 ). A net worth of $59 billion would put Larsen at number five, higher than Facebook founder Mark Zuckerberg , on Forbes's 2017 list of the world's billionaires , and ahead of Google co-founders Larry Page and Sergey Brin on the publication's real-time list . The Winklevoss brothers have reportedly become the worlds first Bitcoin billionaires. Forbes notes that Larsen, who stepped down from his CEO post in November 2016 and now serves as executive chairman of the cryptocurrency company, owns 5.19 billion XRP and holds a 17 percent stake in the company. Born in San Francisco in 1960, Larsen went to college at San Francisco State University and earned an M.B.A at Stanford Graduate School of Business in 1991 . Before Ripple, he co-founded and served as CEO of two other companies: E-LOAN, a mortgage lending website, and Prosper.com, a peer-to-peer lending marketplace. A 2004 SFSU profile said that Larsen's wife, Lyna Lam, owned Caf Panini in Berkeley, and that the couple was "helping members of a Cambodian Buddhist community in San Jose, most recently in their effort to obtain a space to build a Buddhist temple." Sam Dangremond Contributing Digital Editor Sam Dangremond is a Contributing Digital Editor at Town & Country. Continue reading >>

Cryptocurrency Ripple Co-founder Among World's Richest, Surpasses Google Founders In Net Worth

Cryptocurrency Ripple Co-founder Among World's Richest, Surpasses Google Founders In Net Worth

Cryptocurrency Ripple co-founder among world's richest, surpasses Google founders in net worth Bitcoin's rival cryptocurrency Ripple's Co-founder Chris Larsen has now surpassed Google Founders Larry Page and Sergey Brin in , Reuters Bitcoin's rival cryptocurrency Ripple's Co-founder Chris Larsen has now surpassed Google Founders Larry Page and Sergey Brin in terms of net worth. On papers, Larsen now has a net worth of $59.8 billion and has entered in the league of world's richest people. Google founders Larry Page and Sergey Brin has a net worth of $50.8 billion and $49.3 billion respectively. The surge in Larsen net worth came after the price of Ripple rose to as much as $3.84 on Thursday. Ripple became the world's second largest cryptocurrency surpassing Ethereum last week. According to a report in CNBC, the co-founder and executive chairman of Ripple is now among the top five richest people in America. Chris Larsen is a co-founder and executive chairman of Ripple and has 5.19 billion of the company's digital coin XRP with a 17 per cent stake in the company, Forbes reported citing sources at Ripple. Bitcoin impact: New digital currency TRON surges 100% in one day, here's all you need to know With XRP hitting a high of $3.84 on Thursday, Larsen's holdings are now worth about $59.9 billion. Ripple is the he San Francisco-based start-up, who is using blockchain technology to develop a payments network. At present, there are more than 100 financial institutions who are using the company's platform. According to Ripple's website, its XRP coin has a four-second settlement time, versus more than two minutes for ethereum and over an hour for bitcoin. Bitcoin transactions are illegal and risky, Finance Minister Arun Jaitely tells Parliament Meanwhile, another digital currency Continue reading >>

Rocketing Ripple Puts Founders And Ceo Among The Worlds Richest People

Rocketing Ripple Puts Founders And Ceo Among The Worlds Richest People

Rocketing Ripple Puts Founders and CEO Among the Worlds Richest People Join our community of 10 000 traders on Hacked.com for just $39 per month. The value of the cryptocurrency ecosystem skyrocketed in 2017, with various cryptocurrencies surpassing 1,000% gains. Ripples XRP token, for example, was worth about $0,006 in the beginning of 2017 and is currently trading at $3.76. The 60,000% rise helped Ripple become the second-biggest cryptocurrency by market cap, and is now valued at over $140 billion . Behind the XRP token is San Francisco-based company Ripple, which uses blockchain technology in financial transactions. According to Forbes , its co-founder and former CEO Chris Larsen, owns 5.19 billion XRP tokens, currently worth over $16.9 billion. He reportedly also owns 17% of the company, bringing his total net worth to $44.16 billion at current rates. This makes Larsen the 18th richest person in the world, behind Indian business magnate Mush Ambani, according to Bloombergs Billionaire Index . Back in November 2016, the 57-year-old stepped down as CEO of Ripple, turning the reigns over to Brad Garlinghouse, the companys current CEO. Citing a source at the company, Forbes claims Garlinghouse owns 6.3% of Ripple, and additional XRP tokens. Per its report, his net worth was of at least $9.5 billion at the time, meaning he would be number 153 on the list, above Fidelitys Abigail Johnson, a big cryptocurrency fan herself. Since Forbes report, XRPs price surged 38%. Another XRP billionaire is Ripple co-founder Jed McCaleb, who notably founded Mt Gox in 2010. McCaleb reportedly left the company in 2013, but came to an agreement with it over the tokens he owns. The agreement involves him receiving a share of his 5.3 billion XRP tokens on a monthly basis, while the rest is u Continue reading >>

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