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Popular payments giant MoneyGram has filed a motion seeking to seal certain portions of the filings made by Ripple and the SEC in connection with the parties’ motion to exclude expert testimony.
MoneyGram’s Request
According to MoneyGram, the proposed limited redactions are essential to protect the company’s “highly confidential business information.”
MoneyGram noted that the proposed redactions are narrowly tailored to a few lines from a deposition transcript involving one of its officers.
The excerpts contain non-public information related to MoneyGram’s sensitive financial information as well as business strategies.
“Indeed, public disclosure of this information would be highly detrimental because it would reveal to the public and MoneyGram’s competitors detailed information about MoneyGram’s internal and confidential business operations and strategic matters,” the financial payment giant noted in the motion.
Notably, MoneyGram has sent a sealed copy of the relevant excerpts from the transcript, highlighting the proposed redactions. MoneyGram noted that the proposed redactions were sent alongside a copy of its motion letter.
Interestingly, Ripple and the Securities and Exchange Commission do not oppose MoneGram’s request.
It is noteworthy that the development was shared by attorney James K. Filan, a former federal prosecutor who has consistently shared updates about the Ripple lawsuit.
Popular payments giant MoneyGram has filed a motion seeking to seal certain portions of the filings made by Ripple and the SEC in connection with the parties’ motion to exclude expert testimony.
MoneyGram’s Request
According to MoneyGram, the proposed limited redactions are essential to protect the company’s “highly confidential business information.”
MoneyGram noted that the proposed redactions are narrowly tailored to a few lines from a deposition transcript involving one of its officers.
The excerpts contain non-public information related to MoneyGram’s sensitive financial information as well as business strategies.
“Indeed, public disclosure of this information would be highly detrimental because it would reveal to the public and MoneyGram’s competitors detailed information about MoneyGram’s internal and confidential business operations and strategic matters,” the financial payment giant noted in the motion.
Notably, MoneyGram has sent a sealed copy of the relevant excerpts from the transcript, highlighting the proposed redactions. MoneyGram noted that the proposed redactions were sent alongside a copy of its motion letter.
Interestingly, Ripple and the Securities and Exchange Commission do not oppose MoneGram’s request.
It is noteworthy that the development was shared by attorney James K. Filan, a former federal prosecutor who has consistently shared updates about the Ripple lawsuit.
IBC Group, NFT Tech, Faith Tribe to launch fashion-focused launchpad
Venhuizen, Netherlands, June 6, 2022 — Web3 and cryptocurrency incubators NFT Tech and International Blockchain Consulting (IBC) Group have partnered with the open-source fashion design platform Faith Tribe to launch Fashion DAO — a fashion-focused launchpad for fashion brands and creators looking to make a breakthrough in the Web3 arena. The launchpad lets fashion-focused companies tokenize and enter the nonfungible token (NFT) space to participate in a growing Web3 ecosystem and connect wit...
A brief history of Bitcoin crashes and bear markets: 2009–2022
Bitcoin (BTC) experienced one of its most brutal crashes ever in 2022, with the BTC price plummeting below $20,000 in June after peaking at $68,000 in 2021. June 2022 has become the worst month for Bitcoin since September 2011, as its monthly losses mounted to 40%. The cryptocurrency also posted its heaviest quarterly losses in 11 years. However, the current market sell-off doesn’t make Bitcoin crashes and bear markets exclusive to 2022. In fact, Bitcoin has survived its fair share of crypto ...
Innovation will drive NFT adoption despite mainstream presence: NFTGo founder
The presence of big players in the nonfungible tokens market might evangelize newbies, but they do not lead to mass adoption or innovation, claimed Tony Ling, co-founder of NFTGo in a conversation with Cointelegraph. Major developments, such as Adobe's acquisition of Figma, would potentially impact creators per the combination of both the companies' features. Adobe, for example, owns Behance, a creative showcase platform that allows users to connect crypto wallets and NFTs to their ...
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