Bloomberg: Ripple's share buyback program values the firm at $50 billion

Despite the bear market, today's report suggests a higher valuation than the $40 billion at which the firm raised funds in November. What to know : Ripple, the blockchain firm closely associated with XRP, has begun a $750 million share buyback that would value the company at about $50 billion, Bloomberg reported. The move comes after a $500 million funding round at a $40 billion valuation in November, backed by major hedge funds and crypto investment firms.