There's a new player in the cryptocurrency space. Ripple XRP is now up more than 90 percent over the past couple days. Ripple CEO Brad Garlinghouse explains what drove the growth of this digital asset.
Garlinghouse says it is critical to understand the ultimate value of an asset will be dictated by the value and utility it creates. So if you are solving a real problem for customers at scale you will have a lot of demand.
The excitement around cryptocurrency is separating the signal from the noise says Garlinghouse. He says its important to recognize the reality in solving a real problem with real customers. Ripple is using blockchain technology to solve a cross-border payments problem says Garlinghouse.
More than 100 handguns were stolen from a store in southwestern Michigan after the manager was held at gunpoint outside his home and forced to reveal how to turn off the alarm, authorities said Tuesday.
Ford Motor Co. is resuming construction on a Michigan electric vehicle battery plant that the company postponed two months ago during a strike by the United Auto Workers union.
