Crypto firm Ripple raises $500 million in latest investment round
(Reuters) -Ripple has raised $500 million in a strategic investment valuing it at $40 billion, the crypto company said on Wednesday, in a funding round led by Fortress Investment Group and Citadel Securities. The investment follows Ripple’s $1 billion tender offer earlier this year at the same valuation, the company said. Following the GENIUS Act,…