MoneyGram Facing Class-Action Lawsuit Over Relationship With Ripple and XRP

MoneyGram is facing a new lawsuit over its ties to the blockchain tech company Ripple.

Class-Action Lawsuit Filed against MoneyGram for Allegedly Misleading Investors with XRP

MoneyGram is currently facing a class-action lawsuit for allegedly misleading investors with XRP.

MoneyGram under fire: Lawsuit alleges false statements made about XRP

After Ripple Labs, payments giant MoneyGram is the latest to find itself at the end of a legal entanglement, with a class-action lawsuit filed on the 1st of March claiming that MoneyGram misrepresente The post MoneyGram under fire: Lawsuit alleges false statements made about XRP appeared first on AMBCrypto.

MoneyGram Slapped With Lawsuit Over Ripple, XRP Partnership

The money transfer firm MoneyGram is facing a class action lawsuit claiming that the company made false and/or misleading statements about its partnership with American blockchain company Ripple and the legal status of the XRP token.

Moneygram Hit With Class Action Lawsuit Over XRP Partnership

Payments company MoneyGram is facing a class action lawsuit for alleged misrepresentation of its partnership with Ripple Labs.

MoneyGram faces lawsuit over alleged false statements regarding XRP

Ripple partner MoneyGram is being sued by investors alleging the firm issued misleading statements and failed to disclose XRP's status as an unlicensed security.

Moneygram Halts Using Ripple Due to SEC Lawsuit Over XRP Cryptocurrency

Moneygram has announced that it has suspended using Ripple’s platform due to the lawsuit against Ripple Labs and its executives by the US Securities and Exchange Commission (SEC).

Payments Giant MoneyGram Pausing XRP-Powered Settlements, CEO Comments on Relationship With Ripple

Payments giant MoneyGram has suspended its use of XRP payments as Ripple deals with an ongoing lawsuit filed by the US Securities and Exchange Commission (SEC).

MoneyGram Says it Still Supports Ripple Despite Partnership Pause

The money transfer firm MoneyGram claims its support for Ripple is still in place, despite an announcement that it will suspend the receipt of “market development fees” – but the two companies endured a bitter fate on the stock market, with the former’s stocks (many of which are Ripple-owned) taking a plunge. Ripple began paying MoneyGram the fees as part of an

MoneyGram Suspends Trading on Ripple’s Platform, XRP Price Slumps 15%

MoneyGram, one of the leading money transfer companies, pulls the breaks on its partnership with Ripple following the SEC fiasco.

MoneyGram Puts Ripple Partnership on Hold Due to SEC Lawsuit

MoneyGram has announced that it will be temporarily suspending the use of XRP and taking a step back from its partnership with Ripple Labs, in light of the fintech firm's legal battle with the SEC.

MoneyGram suspends trading on Ripple, citing SEC lawsuit

"Due to the uncertainty concerning their ongoing litigation with the SEC, the company has suspended trading on Ripple's platform," says MoneyGram's quarterly outlook. Global money transfer service MoneyGram says it has changed its relationship with blockchain payments firm Ripple amid the latter's litigation with the Securities and Exchange Commission. According to MoneyGram's quarterly outlook, the company is "not planning for any benefit from Ripple market development fees" for the first quarter of 2021.

MoneyGram suspends partnership with Ripple

In the wake of the ongoing lawsuit between Ripple and United States Securities Exchange Commission (SEC), MoneyGram decided to suspend trading on Ripple’s platform.

MoneyGram Drops Ripple Citing SEC Lawsuit

MoneyGram will no longer use Ripple's XRP-based liquidity product due to the "uncertainty" surrounding the crypto asset.

Ripple Partner MoneyGram Avoids Shareholder Lawsuit

The money transfer company has dodged a new shareholder lawsuit regarding anti-fraud protections.

Moneygram Distances Itself From the Ripple Turmoil With the US SEC

One of the world’s biggest remittance companies issued a statement addressing the recent turmoil between Ripple and the US Securities and Exchange Commission (SEC) due to a lawsuit filed by the regulator against the crypto company.

MoneyGram Issues Statement on SEC Action Against Ripple

The cross border payments company says it isn’t aware of any impact to its commercial agreement with Ripple.

Binance to Exit South Korea, MoneyGram on Ripple, New SEC Chair + More News

Source: Adobe/Negro Elkha (edited by Cryptonews.com) Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news Binance is to shut down its South Korean operations with almost immediate effect, citing “low usage and volume with limited trading pairs of [its South Korean won-pegged

MoneyGram distances itself from Ripple, says it doesn't utilize RippleNet

MoneyGram sheds light on the nature of its partnership with Ripple. Global money transfer service MoneyGram has clarified the nature of its collaboration with its blockchain partner Ripple following the latter’s recent probe by the US Securities and Exchange Commission. In a press statement issued on Dec.

MoneyGram CEO Says Their Partnership With Ripple Is Pushing Boundaries

While Ripple plans to cash out about 30% of its stake in MoneyGram, the CEO of the money transfer giant revealed today that the two companies have been pushing boundaries beyond what could be in the remittance industry.

Ripple and MoneyGram "pushing boundaries" with XRP

Ripple partnered with MoneyGram, one of the world's biggest remittance and payment companies in the United States in June 2019.

MoneyGram CEO Praises Ripple XRP for Providing Speed and Efficiency for Cross-Border Payments

MoneyGram CEO Alex Holmes praised Ripple for the innovation it was providing to the blockchain and cryptocurrency space.

Ripple has sold $15M of its stock in MoneyGram

Ripple's partnership with MoneyGram may not be as warm as it once was, but it's paying off.

Ripple Is Selling 33% of Its Stake in Moneygram

Ripple Labs Inc. is selling 4 million of its shares in Moneygram, or about a third of its total shareholding in the company.

Ripple Sells Significant Portion of Its Stake in Payments Giant MoneyGram

Ripple is selling a substantial portion of its stake in MoneyGram for the first time since placing its initial investment in the money remittance giant in June 2019.

Ripple to Cash In One-Third of its Stake in MoneyGram

Leading blockchain payments company Ripple plans to sell a third of its stake in American money transfer firm MoneyGram.

Ripple Plans To Cash Out 33% Of Its MoneyGram Stake With A Significant Profit

Blockchain payment protocol Ripple plans to sell one-third of its stake in the US-based money transfer giant MoneyGram as MGI stocks have soared.

Ripple is selling a third of its MoneyGram shares

Ripple and MoneyGram announced a strategic partnership in 2019.

Ripple Is Cashing Out a Third of Its Stake in Surging MoneyGram

It is the first such sale of MoneyGram stock since the startup invested in the remittance giant in 2019.

Ripple Sent Payments Giant MoneyGram $9,300,000 in XRP in Q3 2020 – Here’s Why

New financial filings show Ripple sent money transfer giant MoneyGram millions of dollars worth of XRP in the third quarter of this year.

Blockchain Bites: Ripple’s MoneyGram Pump, OKEx’s Bitcoin Cash Plan, Bitcoin’s Birthday

Tomorrow marks the 12th anniversary of the Bitcoin white paper.

Ripple pays MoneyGram $41 million in 'Market Development Fees'

Ripple paid MoneyGram a ‘market development fee’ of $9.3 million for the 3 months ended September 2020, and $41 million year-to-date. According to Money Gram’s Third Quarter report, it made $ The post Ripple pays MoneyGram $41 million in 'Market Development Fees' appeared first on AMBCrypto.

MoneyGram Continues to Receive Millions in Development Fees From Ripple

Ripple continues to pump money into MoneyGram remittance services in market development fees as compensation for providing liquidity to its ODL XRP network.

Ripple Keeps Pumping Funds Into MoneyGram

All in, Ripple has funded the money sender to the tune of over $52 million for providing liquidity to one of its payments products.

Taxes in Petro, Goldman Sachs Sells MoneyGram Shares + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news The mayors of hundreds of Venezuelan cities and regions have voted to allow citizens to pay taxes and fines in the state-issued, allegedly oil-backed petro (PTR) cryptoasset, per an official government

Goldman Sachs Sells $6.5M of Shares in Ripple-Partner MoneyGram: SEC Filing

Goldman Sachs and its subsidiaries have sold 9% of their total position in the Ripple-partner MoneyGram – worth approximately $6.5 million.

US Court Dismisses Claims Against XRP: Report Shows Ripple Paid Moneygram $15.1M in Q2

The Northern California District Court finds that claims against Ripple Labs and its token made by two investors cannot be proven.

Ripple Paid MoneyGram $15.1M in ‘Market Development Fees’ in Q2

With the $15.1 million in Q2, MoneyGram has so far received $43 million for providing liquidity for Ripple’s XRP-based settlement system.