Billionaire banking heir Matthew Mellon dies

Matthew Mellon

Billionaire banking heir Matthew Mellon dies in rehab, aged 54 Matthew Mellon, the billionaire banking heir and cryptocurrency investor whose British ex-wife founded Jimmy Choo, has died at a drug rehabilitation centre in Mexico. The 54-year-old socialite was a descendant of two of America’s great banking dynasties and had faced a lengthy battle with drug addiction. Mr Mellon “died suddenly in Cancun, Mexico, where he was attending a drug rehabilitation facility”, family representative on Tuesday. The serial entrepreneur inherited $25 million (£17 million) when he turned 21 – the first of 14…

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Ripple passes Ethereum

valuable crypto currencies

Ripple passes Ethereum to become the second-most valuable cryptocurrency The cryptocurrency Ripple surged on the final Friday of 2017, reaching a market cap of more than $86 billion, CNBC reports. Ripple, which is officially known as XRP, saw its value rise by 55.9 percent. At its peak, the currency was valued at $2.23 a coin. Since then, it has fallen to $2.17, but it is still the second most valuable cryptocurrency in terms of market cap, according to Coinmarketcap.com. Ethereum is currently the world’s third-largest cryptocurrency in terms of market…

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