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.
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.