Stellar Joins MoneyGram Board – Implications of Ripple Rival's Move

In a recent post on the Stellar website, Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation (SDF), announced that Stellar had made a financial investment into MoneyGram (MGI). Stellar and MGI have worked together since 2021 and as early as 2019 on projects like stablecoins and money settlement in USDC on the Stellar blockchain.

Timeline of Stellar, Xrp

The XRP vs SEC lawsuit has taken an interesting turn as Judge Analisa Torres has granted the request from the market regulator to file an interlocutory Appeal over the July 13 ruling that declares XRP sales on secondary exchanges are not investment contracts. XRP vs SEC Lawsuit: New Timelines As contained in the notice published

A federal judge will let the U.S. Securities and Exchange Commission file a motion that, if granted, would allow it to appeal a ruling that XRP transactions through exchanges didn't violate securities laws.

XRP has fallen victim to the crypto market reaction to the release of the previous United States Federal Open Market Committee (FOMC) minutes, which hinted at continued monetary tightening. The cross-border money remittance is down 2.5% to $0.58 with its cumulative losses totaling $5.5%.

BIT, a crypto exchange aimed at professional traders, has announced the launch of XRP options trading. Originating in August 2020 as a spinoff from Matrixport, a notable crypto financial service company, BIT has consistently showcased its commitment to enhancing the trading experience for its users.

On-chain analytics firm Santiment highlights unusual whale activity for the fifth largest cryptocurrency, XRP. Per Santiment, XRP is among the several assets seeing an upsurge in the activity of whales who attempt to capitalize on the discounted prices.

Although the introduction of ChatGPT by OpenAI signaled the beginning of a renewed fascination with artificial intelligence (AI), the market has already received a worthy competitor – Google Bard, which has already shown capable of providing insights into cryptocurrencies like XRP.

In the latest development of the legal squabble between Ripple and the US Securities and Exchange Commission (SEC), the attorneys for the blockchain payments firm have fervently opposed the agency's anticipated motion for leave to file an interlocutory appeal relating to the XRP sales ruling made by U.S. District Court Judge Analisa Torres on July 13.

Stellar launched the Stellar Disbursement Platform (SDP) — an open-source global payment service. In its Aug. 16 announcement, Stellar explained that SDP can help with tasks ranging “from paying gig workers anywhere in the world to delivering digital aid'.

In a significant development within the ongoing Ripple vs. SEC legal saga, Ripple's high-ranking executives, Chris Larsen, and Brad Garlinghouse, have taken a firm stance against the U.S. Securities and Exchange Commission's (SEC) attempt to pause the trial proceedings.

Stellar, a blockchain-based payment network, has unveiled its open-source “Stellar Disbursement Platform,” designed to enhance global digital disbursements in a faster, more cost-effective, and transparent manner. Developed by the Stellar Development Foundation (SDF), this platform aims to streamline bulk disbursements using digital assets for various purposes, from gig worker payments to digital aid distribution.