Craig Wright Says SBI Chairman Yoshitaka Kitao & Others Were Gifted Millions In XRP For "Using And Promoting" Ripple Blockchain
Portfolio Pulse from Daniel Harrison
Craig Wright, founder of Bitcoin SV, claims that Yoshitaka Kitao, chairman of SBI Holdings, received $60 million in XRP tokens for promoting Ripple. Kitao, a former board member of Ripple Labs, has been a strong supporter of XRP and has previously stated that every bank in Japan will use XRP by 2025. Wright also mentioned that Jesse Powell, founder of US digital currency exchange Kraken, was another beneficiary of XRP tokens. Kraken suspended trading of XRP in 2021 after the US SEC filed suit against the company, but re-listed the digital currency in 2022.
September 28, 2023 | 2:30 pm
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NEUTRAL IMPACT
SBI Holdings' chairman allegedly received $60 million in XRP tokens for promoting Ripple. This could potentially impact the company's reputation and stock price.
The news about the chairman of SBI Holdings receiving $60 million in XRP tokens for promoting Ripple could potentially affect the company's reputation. However, it's unclear how this will directly impact the company's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
As a spin-off of Softbank Group Corp., SBI Holdings' alleged involvement in the XRP promotion could indirectly affect Softbank's reputation and stock price.
While Softbank is not directly involved in the alleged XRP promotion, any negative impact on SBI Holdings could indirectly affect Softbank's reputation and stock price. However, the direct impact on Softbank's stock price in the short term is uncertain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
The news about Ripple's promotion and the involvement of high-profile individuals could potentially affect the price of XRP in the short term.
The news about Ripple's promotion and the involvement of high-profile individuals like the chairman of SBI Holdings and the founder of Kraken could potentially affect the price of XRP. However, it's unclear how this will directly impact the price of XRP in the short term.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100