It has been revealed via an SEC filing that Ripple plans to sell 4 million of its MoneyGram ($MGI) shares by March 21, 2021.
Ripple's Q3 2020 market report shows that the company purchased over $45 million worth of its own digital currency to "support healthy markets."
MoneyGram has published its Q3 International Report which revealed that Ripple paid MoneyGram $9.3 in Q3 2020 for their "strategic partnership."
Ripple’s former business model, which involves it working closely with banks and acting as their cross-border payment rail, is not working very well.
An Australian court has sentenced a woman to two years in prison over charges of stealing 100,000 XRP tokens in January 2018.
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.