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US money-transfer company MoneyGram is set to launch a new service that enables consumers to send money using USD Coin (USDC) and convert directly to and from fiat.
US money-transfer company MoneyGram has made a long-term, minority stake investment in cryptocurrency ATM operator Coinme.
“Although the SEC claims that all XRP are unregistered securities and Brad Garlinghouse and Chris Larsen unjustly enriched themselves, it allows Ripple Co-founder JedMcCaleb to sell his XRP for hundreds of millions of dollars to possibly buy MoneyGram. Makes perfect sense”, said XRP Holders’ attorney John Denton ironically.
MoneyGram International Inc. today announced that it was offering an At-The-Market program where it would offer and sell its own shares worth $100 million to repay some of its outstanding debts.
MoneyGram International, a major payments processor that also handles P2P payments, has announced a big jump in transaction numbers for MoneyGram Online for the month of April along with a jump in revenue.
“Different coins serve different purposes, and we’re excited to continue serving our customers with a menu of coins representing approximately 70% of the total crypto market cap.”
World’s largest stablecoin issuer, Tether has switched the accounting firm that audits the massive reserves that back its USDT token to BDO Italia, the 5th largest accounting firm in the world.
FinTech firm Blackfridge has rolled out a British Pound-pegged stablecoin, providing a liquid and stable means of obtaining exposure to the UK currency.
Brian Reisbeck is a 20 year veteran in the financial services industry who has served as the chief compliance officer at a major U.S.-based crypto exchange, said the official announcement.
Ripple is looking to expand its presence in the MENA region, forming a new partnership with Pyyp, a global blockchain-based financial services technology company. The latter has reportedly joined Ripple’s On-Demand Liquidity (ODL) network, which, among many benefits, allows it to bring instant, low-cost remittances to its customers.
The company has been getting some senior hands-on board as the company looks to expand globally and focuses on the Enterprise business which has some of the biggest companies onboard.
A number of strange things have caught the attention of attorney Jeremy Hogan, who now believes the deposition of William Hinman never took place.
In the meantime, the SEC v. Ripple lawsuit has had a major development: the deposition of ex-SEC Director of Corporation Finance, William Hinman. The sworn testimony, however, was not a public hearing.
“And so, Mr. Mccaleb is probably watching the Ripple lawsuit very closely and praying that Ripple wins”, Mr. Hogan added.
“Make no mistake: It doesn’t matter whether it’s a stock token, a stable value token backed by securities, or any other virtual product that provides synthetic exposure to underlying securities.”
“I mean, you can litigate a hundred cases and never get a gift like this letter and I say it’s a gift from the Heavens because you know that the Commissioners could never comment on pending litigation.”
The Judge has extended the SEC period to complete discovery. The SEC now has until August 31 to conduct fast discovery, with expert discovery being pushed until October 15.
Jacob Burrell Campos has pled guilty in a US federal court to operating an unlicensed money transmitting business.