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There are three wallets in play here: #1 the daily sell wallet https://xrpscan.com/account/rLkMJhSVwhmummLjJPVrwQRZZYiYQhVQ1A This is his sell wallet to which his daily allowed XRP is sent, and sold for Bitstamp USD IOU's, then sold on the Bitstamp exchange. It is replenished every day at 9:01 GMT, and sold one hour later starting at 10:01 GMT over the course of an hour to an hour and a half. Only very occasionally he stops and picks up at a later time that day. I think that has something to do with high volatility. He may not be allowed to sell in a volatile market. I

Please examine "Item 8.01 Other Events." In the SEC filing between MG & Ripple. The SEC approved this!!! Actually the use of XRapid as it was called then is mentioned 5 times in this document. SEC Filing | MoneyGram International, Inc.https://ir.moneygram.com/node/20381/html

Looks like Ripple really is going in all guns blazing : https://fortune.com/2021/01/29/ripple-bitcoin-ethereum-sec-documents/ "In a letter, Ripple asked for any correspondence between the agency and those who helped create Ethereum, including Vitalik Buterin and Joe Lubin. It also asks for letters between former SEC Chairman Jay Clayton, agency staff and members of Congress. The request is based on the Freedom of Information Act (FOIA), a law intended to promote transparency in government. FOIA requests, frequently used by journalists, permit the public to demand n

"This agreement will enable MoneyGram to utilize Ripple’s xRapid product (XRP) in foreign exchange settlement as part of the MoneyGram’s cross-border payment process." Clearly the SEC implicitly recognizes XRP as a currency necessary to settle cross border payments within xRapid. One more sliver of info that makes me wanna say: Bye bye SEC ... or ... buy buy XRP. Both work equally well.

Enough. Tomorrow I will begin drafting a letter of complaint to the Office of Inspector General at the SEC. "The mission of the Office of Inspector General is to promote the integrity, efficiency, and effectiveness of the critical programs and operations of the U.S. Securities and Exchange Commission" I do not see any integrity, efficiency or effectiveness coming from the responsible parties at the SEC in this case. For example: They could have easily included in their amended complaint that the XRP in the wild are not securities (as the RI suit publicly seeks) ... and

THE INCONVENIENT TRUTH ABOUT CRYPTO CURRENCIES A long but very interesting article. See p31 for Raoul's background. You can also see many videos by him at the Real Vision channel on YouTube. A clever and very experienced guy. Crypto valuation is all about Metcalfe's Law, according to him. On XRP specifically: And on crypto investing in general:

This is the theatre stage of the case where they are playing as much to the public as they are to the other side. I think Ripple are demonstrating the embarrassment will not be one sided and they have some good lines of attack. They are also pushing the line that SEC have been negligent and contradictory in their guidance and some of the blame rests with their incompetence. Ripple's end game must be to get SEC to reach a settlement behind closed doors rather than in court, sooner rather than later..

Laura Shin comes across as very anti XRP, almost laughing about the situation XRP holders find themselves in, and the lawyers do too. They seem to ignore that XRP does have a use case and with FLR that use case is even more solid and accepted in 95% of the world that is not governed by US SEC jurisdiction. So I found their discussion almost pedestrian in its take on the case. Maybe US law courts really are that banal? Having said that this video very much demonstrates how damaging the egregious behaviour of BG and CL is to the public's perception Ripple's reputation and chances of reac

There is nothing wrong with criticizing XRP. I personally get frustrated when different rules apply to XRPL from other blockchains, so I am going to try and provide an objective view here. Design flaws ? The SEC case is about certain sales by Ripple being potentially securities. It's really easy for any project to claim that they are the greatest thing in the world. Everyone's their best self on their resume. As an investor, I want to understand how much utility there is, in say the top 10 cryptocurrencies. Here is how I would define utility, for example. Currencies intended

It’s an account likely belonging ing to a Simpsons fan. Likely as a joke. The IOU is probably issued by that account. Keep in mind that anyone can issue IOUs on the XRPL. Learn more at https://xrpl.org/issued-currencies-overview.html Nothing weird here. Please stop looking for “connections” and hidden signals. Enough with the gematria nonsense and the cartoon bears and the crazy people who analyze crude MS Paint drawings for clues. This conspiratorial mindset—these attempts to read tea leaves from coffee cups—are deleterious to the community and the ecosystem. Please stop.

As I've been writing for years, I think XRP is going to be multiples higher than it's 2018 high of $3.6, so at least $10. What would I buy up to? I'd say .75 feels about right. There are other crytpos I also like (NEO) that are still no where near their previous ATH's and even LTC is only 50% or so of it's previous ATH. To the guys taking profits. I can see why you're doing it, but you did not come to crypto for 100% gains. You came here for 10,000% gains. I wrote years ago that "It's a lot more nerve wracking when the price is going up" or something along those lines. IMO the par

The SEC complaint was just as biased and uninformed as (nearly) every other expression from that dumpster fire. Two days b4 the chair quit ... One day before proposing exchanges get 5 years to adapt ... Public dissidence between commissioners ... Nope, nothing but incompetence or malice. So, yeah ... not blindsided at all in context of the administration as a whole. ... Then you think the SEC was lying to me when they specifically told me in writing in 2019 that there was no such determination? I think the majority of the blame goes to Bitcoin Maxis. For de

"Network computing system implementing on-demand liquidity for cross-medium transaction services" https://uspto.report/patent/grant/10,902,416

Bitcoin's hashrate continue to move to new highs and the price is trading around the top range of the bollinger bands. Another move up near term looks likely. @4Fingers Thanks for the nice words My initial view was that this case would settle and that was made prior to the Answer. My view really hasn't changed. What I think might happen is that we get a stipulation by the SEC (coming by spring) that XRP as it is now (not was in the past and other than the stash of XRP held by Ripple) is not a security. That allows trading to resume on the US exchanges. Then the re

Fantastic move. This is why people are so stunned. It's not that everyone's just anti/pro-SEC or anti/pro-Ripple or whatever, it's not that binary, there are things that were probably wrongdoings and things that were likely right. The issue is, the hypocrisy, of targetting ONLY Ripple and its CEOs while letting most everything else slide in a clearly scammy market. The entire point of a justice system is its fairness and balance, a level playing field where everyone knows the rules. Personally, I'm fine with whatever the SEC rules – that's their perogative – and IMO the Ripple CEOs h

SEC lawyer: Yes your honor, governments in other countries may say it's not a security, other branches of the US government may say it's not a security, when retail traders and institutions asked us we may have told them it wasn't a security, and we may have approved its use as a payment method as recently as two years ago, but we are here today to argue that XRP is a security. Corrupt US judge: Makes sense. XRP is a shitcoin. Buy BTC.

https://coil.com/p/jbjnr/Jed-s-XRP-sales-prediction-Feb-7-14-2021/c8TnlyFWA I tidied up my plots and scripts and posted an article to coil on the subject of Jed's sales. TL;DR - I'm estimating about 238million to be sold next week. (Sorry about the tiny graphs, the coil interface is shockingly bad). I welcome feedback.

Thought my experience might be helpful for newbies, but mainly for nearly newbies who think they have got a good idea how this works. Thats what I thought..a little knowledge is dangerous! My timeline: April 18 Got into Crypto, did my research and settled on XRP as the asset to go for. April 18-Dec 20 Accumulate reasonable stack of XRP (20k +) and also diversify into a couple of others in a small way..inc some ETH and XLM. HODL is my mantra . So far so good. HODL for getting on for 3 years. Late 2020, sell 20% XRP at 0.3 as Christmas coming and business flatlined du

At the moment we have Flare talking going on in the Alt section, the General section and the XRP trading section. FLR is obviously an alt but it's also tied in much more significantly with XRP than any other asset so I think it's in a class of its own. Going forward the news and discussion about Flare is only going to increase so I think it might be a good idea to have a single place where all Flare related discussion can be held and so if people want to find out about Flare then they know immediately where to go. What do you guys think?

https://discord.gg/qGzV8zwH Join the Discord if you fancy taking part in the Flare Finance Public Beta. Plenty of helpful people there that will provide you with information and to help you get setup, or you can give me a shout here too and I’ll do my best to help you. It’s a hands on opportunity to get to grips with DeFi - yield farming, wrapping tokens, and providing liquidity to staking pools etc. Also, I think there are 100+ NFT’s up for grabs for those who place highest in the Beta competition as an enticement. Awaiting more details on that.

Dude, I was there. I was a total crypto newb. I had only been into XRP for a week or two. My young daughter had woken me up in the middle of the night, and when I got back into bed I checked the old XRPTalk forum. Jed had just made a post that he was leaving Ripple and selling all his XRP. He signed it with a PGP signature and sent an XRP payment to one of the respected forum members to prove it was him. I was terrified of having to explain to my wife that I had lost my huge investment of $100 that I never told her about. I sold all my XRP (for good old USD.SnapSwap) - back then we'd trade rig

2 “leading lawyers” discuss SEC case against ripple? one of them looked like a bum with a crumpled shirt. And after googling, he’s one of 3 partners in a 4 person firm. ya... I’m not listening to that guy for even a second. and we all know Laura shin... im all for listening to both sides and being critical of ripple, but after listening to 8 min of this junk podcast, I could tell that there is literally nothing of interest in it for me to learn about. pass!