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Ripple can’t escape XRP lawsuit it says could topple market

Bank Innovation

failed to persuade a judge to throw out a proposed class-action lawsuit that the blockchain payment services provider said could topple the market for XRP, the world’s third-largest virtual currency. Ripple Labs Inc.

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Ripple can’t escape XRP lawsuit it says could topple market

Bank Innovation

failed to persuade a judge to throw out a proposed class-action lawsuit that the blockchain payment services provider said could topple the market for XRP, the world’s third-largest virtual currency. Ripple Labs Inc.

Oakland 195
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Payments firm Marqeta to add 175 jobs to boost global presence

Bank Innovation

The Oakland-based company plans to add 175 jobs this year, bringing its total to 400 employees by 2020, CEO Jason Gardner said on Wednesday. Fresh off a $260 million Series E funding round, card issuing and processing startup Marqeta is building its team as it expands to new geographies. Gardner told Bank Innovation that Marqeta […].

Oakland 244
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Clothing Reseller ThredUp Files For IPO

PYMNTS

The company, based in Oakland, California, is one of the growing numbers of eCommerce sites trafficking in used goods, competing with old stalwarts like Salvation Army Thrift Stores. Despite concerns in the market about the COVID-19 pandemic affecting purchases of used clothes, ThredUp says it's added customers this year, Bloomberg writes.

Oakland 222
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Marqeta Preps For IPO, Had $4.3B Valuation In May

PYMNTS

Oakland, California-based issuer processor Marqeta , which is backed by Goldman Sachs , is preparing for an initial public offering (IPO) and seeking out investment banks for advice, Reuters reported. Marqeta will be interviewing several investment banks to find an adviser. The IPO could come by 2021, Reuters reported.

Oakland 184
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Judge Lets XRP Lawsuit Proceed Against Ripple

PYMNTS

Ripple failed to persuade a judge in Oakland, California to dismiss the entire lawsuit, called Zakinov v. Ripple has argued that the case, were it to go forward, would upend and threaten to destroy the established XRP market, which has involved over $500 billion in trading over the last several years. Ripple Labs Inc though U.S.

Oakland 151
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Beneficial State Bank’s financial activism

Independent Banker

Location: Oakland, Calif. billion-asset community bank in Oakland, Calif., Most organizations … are like, ‘Where is the most profitable market segment?’” What we do is we take that ethos and apply it to all of our decision-making in our product development or marketing. In March 2020, workers at Oakland, Calif.-based

Oakland 153