Cryptocurrencies
Ripple Loses Bid to Keep Its Cryptocurrency Fight in California
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Blockchain developer Ripple Labs Inc. lost its shot at a home-court advantage in a dispute with rival R3 Holdco over ownership of cryptocurrency XRP that was once worth more than $16 billion.
A New York court will probably be the sole decider after a San Francisco state appeals court denied Ripple’s bid to fast-track an appeal of an order quashing a lawsuit against R3. San Francisco-based Ripple has argued that it would face "irreparable injury" if it has to battle on R3’s home turf in Manhattan.