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Ripple Labs has sold a huge chunk of its 2019 investment in MoneyGram. Per a Friday night filing with the Securities and Exchange Commission on Friday night, from Nov. 27 through Dec. 4, Ripple Labs managed to sell 2,264,113 shares of MoneyGram (MGI). The tech firm netted a total of $15,303,792.60
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Ripple CEO Brad Garlinghouse reiterated his concerns over the lack of regulatory clarity from the U.S. Securities and
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The Ripple exec was responding to a question asking whether a majority vote could force the destruction of XRP held in escrow. Source
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Ripple used to position itself as the regulator-friendly crypto firm.Now the company is threatening to leave the U.S. over regulatory uncertainty.Lack of clarity from the SEC about XRP’s legal status looks to be the sticking point. The company is fighting several private investor lawsuits over the securities question and reportedly eyeing
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Ripple started a fresh decline after it failed to clear the $0.6800 resistance against the US Dollar. XRP
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It comes only a year after Ripple announced its partnership with MoneyGram getting a 17% stake in the company’s outstanding shares. Over the last year, Ripple has reportedly paid around $52 million to MoneyGram.In one of the major developments, San Francisco-based blockchain startup Ripple shall be cashing out 33% of
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Blockchain payments firm Ripple is selling roughly one-third of its stake in MoneyGram, in its first such sale of company stock since the startup invested in the remittance giant in 2019.According to a U.S. Securities and Exchange Commission filing on Friday, Ripple owns 6.22 million shares of MoneyGram, or 8.6%
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Ripple retested the $0.7500 resistance level before a sharp decline against the US Dollar, similar to bitcoin and
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Ripple rallied significantly above $0.6000 and $0.7000 before correcting lower against the US Dollar. XRP price is now
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Ripple surged over 40% and it even broke the $0.4500 resistance against the US Dollar. XRP price weekly
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