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    Ripple terminates its multi-year partnership with MoneyGram TL;DR Breakdown: Ripple has terminated its partnership with MoneyGram Earlier this month, MoneyGram was sued for allegedly presenting false statements regarding its partnership with the blockchain company. The blockchain company behind XRP cryptocurrency, Ripple, has officially disclosed the termination of its multi-year partnership agreement with one of the big-name payment companies, MoneyGram. The development is coming some days after MoneyGram was sued for allegedly presenting misleading statements concerning its collaboration with the blockchain payment company. MoneyGram may no longer be using XRP payment services going forward. Meanwhile, the XRP cryptocurrency trades at $0.4793 (a 2.21 percent increase on a 24-hour count), according to Coinmarketcap. Ripple, MoneyGram officially terminates their partnership MoneyGram entered the multi-year partnership with the blockchain company in June 2019, which saw the company receiving an incentive from the XRP blockchain company for using its services, although MoneyGram stated last year that it "does not utilize the ODL platform or RippleNet for direct transfers of consumer funds – digital or otherwise." However, following the announcement on Monday, the partnership between both companies has been terminated. Both companies were still able to achieve a lot within these periods of partnership, per the announcement. "We are proud of the work we were able to accomplish in a short amount of time, as well as the impact we were able to achieve in bringing this first-of-its-kind product to market. Together, we processed billions of dollars through RippleNet and On-Demand Liquidity (ODL)," the announcement reads. What's behind the contract termination? The main reason behind the development today remains unknown. However, it's worth noting that MoneyGram had suspended trading on Ripple's platform last month, following the charges announced by the US Securities and Exchange Commission (SEC). Earlier this month, a class-action lawsuit was filed against MoneyGram for allegedly presenting misleading statements regarding its partnership with Ripple.

    Ripple terminates its multi-year partnership with MoneyGram

    The Makings of a Star – WILC from ILCOIN Spearheading Liquidity Provision 1

    The Makings of a Star – WILC from ILCOIN Spearheading Liquidity Provision

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    Ripple terminates its multi-year partnership with MoneyGram TL;DR Breakdown: Ripple has terminated its partnership with MoneyGram Earlier this month, MoneyGram was sued for allegedly presenting false statements regarding its partnership with the blockchain company. The blockchain company behind XRP cryptocurrency, Ripple, has officially disclosed the termination of its multi-year partnership agreement with one of the big-name payment companies, MoneyGram. The development is coming some days after MoneyGram was sued for allegedly presenting misleading statements concerning its collaboration with the blockchain payment company. MoneyGram may no longer be using XRP payment services going forward. Meanwhile, the XRP cryptocurrency trades at $0.4793 (a 2.21 percent increase on a 24-hour count), according to Coinmarketcap. Ripple, MoneyGram officially terminates their partnership MoneyGram entered the multi-year partnership with the blockchain company in June 2019, which saw the company receiving an incentive from the XRP blockchain company for using its services, although MoneyGram stated last year that it "does not utilize the ODL platform or RippleNet for direct transfers of consumer funds – digital or otherwise." However, following the announcement on Monday, the partnership between both companies has been terminated. Both companies were still able to achieve a lot within these periods of partnership, per the announcement. "We are proud of the work we were able to accomplish in a short amount of time, as well as the impact we were able to achieve in bringing this first-of-its-kind product to market. Together, we processed billions of dollars through RippleNet and On-Demand Liquidity (ODL)," the announcement reads. What's behind the contract termination? The main reason behind the development today remains unknown. However, it's worth noting that MoneyGram had suspended trading on Ripple's platform last month, following the charges announced by the US Securities and Exchange Commission (SEC). Earlier this month, a class-action lawsuit was filed against MoneyGram for allegedly presenting misleading statements regarding its partnership with Ripple.

    Ripple terminates its multi-year partnership with MoneyGram

    The Makings of a Star – WILC from ILCOIN Spearheading Liquidity Provision 2

    The Makings of a Star – WILC from ILCOIN Spearheading Liquidity Provision

    BTC/USD Price

    BTC/USD Price Prediction: BTC/USD historic uptrend fails to respond to 1.6% rising treasury bonds

    XRP/USD Price

    XRP/USD Price Prediction: Should bulls prepare for an XRP/USD ATH above $0.7000

    Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

    Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

    Ripple price analysis XRPUSD grinds towards $0.50 resistance

    Ripple price analysis: XRP/USD grinds towards $0.50 resistance

    Bitcoin price analysis Breakout to fresh highs imminent as BTCUSD crosses $51K

    Bitcoin price analysis: Breakout to fresh highs imminent as BTC/USD crosses $51K

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    Polkadot price prediction: DOT to fall to $28

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    XRP will exist forever – Brad Garlinghouse

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Grayscale Investments records over $10 billion AUM

Ibiam Wayas by Ibiam Wayas
November 18, 2020
in Industry News
2 min read
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  • Grayscale Investments recorded $10.4 billion in assets on Tuesday.
  • The growth can be related to the increasing price of cryptos, among others.

The current Bitcoin-led rally in the cryptocurrency market is also causing an exponential kind of growth for many institutional-grade crypto products. The leading digital currency, Bitcoin (BTC), surged to another yearly above the $17,600 on Tuesday, while some other cryptocurrencies also picked up a few points. Amid the market rally, Grayscale Investments posted yesterday that its assets under management (AUM) made another milestone record.

Grayscale Investments AUM makes new ATH

Per the information shared on Twitter, Grayscale assets are currently worth $10.4 billion, which represents an all-time high (ATH) from the assets valuation. Grayscale Investments is an institutional-grade digital asset investment platform. The company’s assets are mostly dominated in its Trust product for nine popularly-traded digital currencies, including Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, etc., and the Grayscale Digital Large Cap Fund.

To compare to growth today, it’s worth noting that Grayscale Investments assets only surpassed a $9 billion AUM on November 8, as Cryptopolitan reported. Judging by this, the company raked in about $1.3 billion in assets within a period of ten days. A significant percentage of the value of the assets is dominated in Grayscale’s Bitcoin Trust. Per the information, the Bitcoin Trust product accounts for about $8.8 billion, with the second-largest, Ethereum Trust coming in with $1.2 billion.

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What’s behind the surge?

One plausible reason for the exponential increment in Grayscale AUM value is the current upticks in the crypto market, especially for Bitcoin and Ethereum. More so, the company sees strong inflows, according to Michael Sonnenshein, Managing Director at Grayscale Investments. He informed on Friday that the company added about $262 million in the capital, which is the largest ever raised.

Tags: Bitcoin Industrycryptocurrency trading
Ibiam Wayas

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

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Ripple terminates its multi-year partnership with MoneyGram TL;DR Breakdown: Ripple has terminated its partnership with MoneyGram Earlier this month, MoneyGram was sued for allegedly presenting false statements regarding its partnership with the blockchain company. The blockchain company behind XRP cryptocurrency, Ripple, has officially disclosed the termination of its multi-year partnership agreement with one of the big-name payment companies, MoneyGram. The development is coming some days after MoneyGram was sued for allegedly presenting misleading statements concerning its collaboration with the blockchain payment company. MoneyGram may no longer be using XRP payment services going forward. Meanwhile, the XRP cryptocurrency trades at $0.4793 (a 2.21 percent increase on a 24-hour count), according to Coinmarketcap. Ripple, MoneyGram officially terminates their partnership MoneyGram entered the multi-year partnership with the blockchain company in June 2019, which saw the company receiving an incentive from the XRP blockchain company for using its services, although MoneyGram stated last year that it "does not utilize the ODL platform or RippleNet for direct transfers of consumer funds – digital or otherwise." However, following the announcement on Monday, the partnership between both companies has been terminated. Both companies were still able to achieve a lot within these periods of partnership, per the announcement. "We are proud of the work we were able to accomplish in a short amount of time, as well as the impact we were able to achieve in bringing this first-of-its-kind product to market. Together, we processed billions of dollars through RippleNet and On-Demand Liquidity (ODL)," the announcement reads. What's behind the contract termination? The main reason behind the development today remains unknown. However, it's worth noting that MoneyGram had suspended trading on Ripple's platform last month, following the charges announced by the US Securities and Exchange Commission (SEC). Earlier this month, a class-action lawsuit was filed against MoneyGram for allegedly presenting misleading statements regarding its partnership with Ripple.

Ripple terminates its multi-year partnership with MoneyGram

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