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Ripple injects $250 million lifeline into billionaire twins-led exchange

Ripple injects $250 million lifeline into billionaire twins-led exchange

Ripple, the blockchain and crypto payments company, has expanded its credit line for the Gemini (Nasdaq: GEMI) crypto exchange to $250 million, a form-10 filing with the Securities and Exchange Commission (SEC) on March 31 revealed.

Founded by the billionaire Winklevoss twins in 2014, Gemini went public in September last year. The company earlier this year announced a mass layoff as it retreats from global markets, including the U.K., the European Economic Area, and Australia.

Tyler Winklevoss and Cameron Winklevoss discuss bitcoin with with Maria Bartiromo during FOX Business' "Mornings With Maria" at FOX Studios on December 11, 2017 in New York CityGetty Images
Tyler Winklevoss and Cameron Winklevoss discuss bitcoin with with Maria Bartiromo during FOX Business’ “Mornings With Maria” at FOX Studios on December 11, 2017 in New York CityGetty Images · Getty Images

It was in July last year that Gemini…

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