• MoneyGram suspends RippleNet
    Regulation,  Ripple,  XRP

    Citing SEC suit MoneyGram suspends use of Ripple ODL

    The money transfer company is a high-profile user of Ripple’s international payments network as well as its XRP-based On-Demand Liquidity product

    In it’s Q4 and full year financial results released today MoneyGram International revealed that it has suspended trading in XRP due to uncertainty over the Securities and Exchange Commission’s lawsuit. The agency has said XRP is an unregistered security illegally sold by Ripple over the past eight years.

  • Ripple Malaysia Bangladesh remittances
    Ripple,  XRP

    Ripple wins contract to power Malaysia-Bangladesh remittances

    The partnership between Malaysia’s Mobile Money and Bangladesh’s top remittance service, bKash, comes despite an SEC lawsuit causing Ripple problems in the U.S.

    Malaysian mobile finance firm Mobile Money will connect with Bangladesh’s largest mobile financial services provider bKash—and its 45 million customers—via the RippleNet system. The partnership comes at a good time for Ripple, which is struggling with a lawsuit by the U.S. Securities and Exchange Commission.

  • Ripple sees solidarity and departures
    Regulation,  Ripple,  XRP

    Lawsuit looming, Ripple sees solidarity and departures

    As the impact of the Securities and Exchange Commission’s lawsuit hits some supporters are taking off, some are backing away, and some are offering support

    While Ripple has offered an aggressive response, promising to fight the enforcement action it calls “an assault on the entire American cryptocurrency industry and an assault on American innovation”—companies working with Ripple and XRP have had very different responses.

  • Ripple
    Ripple,  XRP

    Calling XRP a security, SEC is planning to sue Ripple

    The Securities and Exchange Commission told the international payments firm it will file suit in federal court by Thursday, Ripple said

    The SEC has long argued that most cryptocurrencies are securities and that selling them without following the terms of the Securities and Exchange Act of 1934 violates the law. Only Bitcoin and Ether have been declared non-securities.