Ripple CEO steps aside

The CEO of blockchain tech startup Ripple has decided to step aside for the firm’s current COO and president. Reports Tuesday (Nov. 1) said Chris Larsen will end his position as CEO of Ripple, with COO and President Brad Garlinghouse taking his place effective Jan. 1, 2017. According to a statement from Larsen, the executive will continue to play an active role in the development of the blockchain firm. Reports said he will remain a controlling shareholder and added that he looks “forward to taking a break from the day-to-day, while staying highly involved in Ripple’s strategic direction.” Read more: