Jared McCaleb is reportedly selling an average of 1.74 million XRP per day—a 266% increase in relation to his 2019 sales.
MoneyGram receives the payout according to how much volume they transfer over Ripple’s on-demand liquidity platform each month.
Jed McCaleb was on the team that founded Ripple—and for a very long time, he has been selling upwards of 1 million XRP per day.
Ripple has been sued, again. And just like with the many others before it, the latest lawsuit alleges that the company sold an unregistered security in XRP.
The distributed ledger and currency firm is suing the video-sharing company for not policing its platforms better.
The class action lawsuit previously sought to establish that Ripple had breached U.S. securities laws through the sale and marketing of its XRP token.
A lawsuit brought against Ripple by purchasers of the XRP cryptocurrency is going to move forward after the latest attempt at halting the legal action have failed.
XRP is set to be delisted at midnight on the January 16, which will see all of its crypto pairs removed.
Elliptic uncovered $400M worth of illicit XRP transactions mainly tied to scams, thefts and credit card schemes.