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Showing content with the highest reputation on 04/25/2016 in all areas

  1. 7 points
    https://finance.yahoo.com/news/exclusive-bangladesh-bank-hackers-compromised-swift-software-warning-061250777--finance.html I think this confirms that SWIFT needs to adapt more secure technology(maybe Ripple) to continue to be financial platform that is at the heart of the global financial system. This is a big hit for SWIFT reputation!
  2. 4 points
    Second after Snapswap to receive that license! https://www.bitstamp.net/article/bitstamp-first-nationally-licensed-btc-exchange/
  3. 4 points
  4. 3 points
    When Ripple originally launched it seemed like there would be a large grassroots movement of independent gateways, etc. And that's when the idea for IRBA came into being. I think the original idea from Denis Kiselev (SnapSwap's founder) was to form an industry association that would help set standards, etc. Then in 2014 the decision was taken to formalize IRBA by creating a not-for-profit and when that launched I was elected to be the first president. As Ripple became more focused on the institutional space, the interest in retail-level gateways dropped and it became clear that demand for an entity like IRBA would remain very low. Therefore, at the end of 2015, we decided to wind up the not-for-profit entity. We had several conversations with the leadership team at Ripple during 2015 and they were quite clear that due to their efforts to focus limited resources exclusively on the institutional side of the business, any bandwidth for IRBA-like activities would be likewise limited. And, from our perspectives, that position was completely understandable. My own sense is that demand for an IRBA-like entity will remain low for the forseeable future and that going down that path again is likely to be largely a wasted effort.
  5. 2 points
    Japan-based bitcoin exchange bitFlyer has raised ¥3bn, or just shy of $27m, in a Series C funding round led by Venture Labo Investment and SBI Investment, the venture capital division of financial services conglomerate SBI Group. SBI Group are investing in exchange, why would they need an exchange ......hhhmmmmm!
  6. 2 points
    Of course it is. Europe is a rather open and progressive market. Attracting EUR liquid and more European usage sure is good for the Ripple network. Once the PSD2 directive becomes in place, EURO-liquid Ripple rails may become very very interesting on the global payment schemes...
  7. 2 points
    I personally think the Panama papers were psyops anyway, a way to distract people from the real shenanigans e.g. this kind of thing, but it's a tiny piece of the much larger, scarier puzzle. The U.S. alone has "lost" TRILLIONS of tax payer dollars to shadow organisations. It's a staggering amount of funnelled money.
  8. 2 points
    I have been thinking of the dissolution of the IRBA for a while an I have been thinking of opening up a discussion regarding a possible community driven replacement. This conversation is separate from the dialogue regarding designing a community organization to attempt to strengthen the validation network before attesters are implemented. I am looking for some feedback from the community regarding how a new organization may be able to be formed, its mission statement, and how it would operate. Formation Do you agree that this organization should be created democratically with a board of directors elected by the community? Please describe how you envision this democratic process. Do you agree that this organization should operate as a flat organization? Do you agree that a President position should exist within the organization which is decided democratically? If so, please describe how you envision this democratic process. Mission Statement Please describe the top 3 goals of this organization. This can be anything, but my top picks are: Trust: Support the overall growth of the Ripple Network and its community by instilling trust in Gateway Services, their Issuances', and XRP Cooperation: Encourage discussions between Gateways' plus other Ripple Based Businesses' teams and encourage collaborative efforts between member businesses especially in regard to the industry's best security practices B2B Networking and Financial Support: Encourage lower barriers of entry into the Ripple ecosystem for entrepreneurs and small businesses alike by providing a safe and secure environment for individuals and companies to share their ideas for business networking to seek possible partnerships and/or financial support Operation This is the big blank that I am drawing because all other factors are unknown. Given your feedback insofar, please provide suggestions and insight into how you envision this community organization would operate.
  9. 2 points
    Alliance Access is SWIFT’s flagship messaging interface . https://www.swift.com/our-solutions/interfaces-and-integration/alliance-access/features Its not good for the rep of SWIFT, but they can argue that the bank implemented the services wrong and failed to adequately protect communication channels - that banks on the other end of the transaction caught onto the heist and froze the majority of the requested funds from being released. The hacked bank comes off the worst. I would say SWIFT didn't fail, but it is proven to not be fail safe. Meaning all the secure, proven hype is just that- hype. It should make alternatives more enticing, especially if they operate a consensus model that limits the ability of one failed gateway from compromising the network.
  10. 2 points
    Wow this is actually huge. You CANNOT have your global financial software hacked – not good, not good! $951 million! Potentially GREAT news for Ripple, however...
  11. 1 point


    That's 24 open positions to fill according to Ripple's website. They've re-designed their HR page as well - it looks very nice. (https://ripple.com/company/careers/) Maybe one of them might be considered C-level, but a lot look like expansion opportunities. (https://ripple.com/company/careers/all-jobs/#)
  12. 1 point
    They also invested in Kraken: http://blog.kraken.com/post/138520352827/kraken-inks-multi-million-dollar-deal-with-sbi They seem to be investing heavily in the Crypto/blockchain space. Will be interesting to see when/if they promote the listing of XRP on their partner-exchanges. @GiantGox what are your thoughts on this?
  13. 1 point
    http://www.rollingstone.com/politics/news/why-is-the-obama-administration-trying-to-keep-11-000-documents-sealed-20160418 The Panama Papers coupled with this impending leak will cause a massive loss of confidence in the dollar. The source on this news is Wikileaks via FB.
  14. 1 point
    Agreed, lets not look into..... http://www.ethicalconsumer.org/ethicalcampaigns/taxjusticecampaign/taxhavenlist.aspx http://www.gobankingrates.com/personal-finance/10-best-tax-havens-world/ Panama isn't even in the top ten
  15. 1 point
  16. 1 point
    Actually I remember Ripple moving to Luxembourg even before SnapSwap But they still do not have some kind of approval or license in Europe....
  17. 1 point
    Why I think what? The Min ng reward halving is expected to initially increase the price of bitcoin to compensate for the stable cost of mining. If the difficulty (cost of energy) stays the same but miners earn half as many bitcoin as they used to for a block then they will need to double the price at which they sell their earned bitcoin to maintain profitability. Block discovery difficulty can scale down in response, but not immediately.
  18. 1 point
    “When we were looking at the companies that had a solution that was good enough and had good traction with other banks and regulators, Ripple very quickly became the obvious answer,” he explained. http://techcitynews.com/2016/04/24/why-santander-innoventures-is-investing-in-blockchain/?utm_content=buffercf978&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
  19. 1 point
  20. 1 point
    @cmbartley It's interesting to see the furor over the difficulty increase for the miners - the rate of supply will *start* to go down at that point, but I have a feeling most people and exchanges hold onto BTC for investment purposes and not for spending anyway, so any price increase will probably be due to hype in the short term, not an actual shortage of supply.
  21. 1 point
    There was an initiative to create packages for various distros (Debian included) for rippled, unfortunately it didn't gain traction. I personally use an Arch Linux derivate and compiling rippled is a one-liner, so I don't really care much any more for Debian packages being created. If I were to deploy it in larger scale, I'd just use Docker instead of a full blown CentOS install or full virtualization.
  22. 1 point

    Large Buyers of XRP

    With that much XRP the market is easily manipulated in their favour. And if they're pros or even decent amateur traders, they can make good returns on selling in increments given XRP volatility. It'll be interesting when we have 10 or 20 or 100 of these big boys all trying to do the same.
  23. 1 point
    Are there any medical trials for that therapy, like with mice?? In the meantime, only three years ago a participant of the Mexican Revolution died at the age of 116. http://www.elpasotimes.com/story/news/local/blogs/border-cafe/2014/12/04/last-of-pancho-villas-surviving-golden-officers-died/30957101/ . Guillermo Flores Reyes was a guard of Pancho Villa, and they raided the US city of Columbus in 1916. Here is an interview in American Mexican tv he gave at age 115: http://www.youtube.com/watch?v=oGKUCnrzA6M He looks amazing for his age (0:40), and doesn't talk like he was old at all. one more video: https://www.youtube.com/watch?v=QVMEJhWkj1k
  24. 1 point
    The road to complete understanding of the womans mind
  25. 1 point
    SWIFT was made by Euro Clear and Clearstream(Cedel), actually. SWIFT was planning to upgrade the message format from MT to MX(ISO20022). (But they couldn't do it for long time.) https://en.wikipedia.org/wiki/SWIFT_message_types CGI's Intelligent Gateway supports MX. http://www.cgi.com/sites/default/files/brochures/cgi-intelligent-gateway-factsheet.pdf They also said "Maybe their format is MT103" "We can transform it to Ripple XML, and we can do the reverse. The existing infrastructure doesn’t know that anything happened." http://www.coindesk.com/cgi-distributed-ledger-intelligent-gateway/ It indicates that Ripple XML is MX based.
  26. 1 point

    Chart overlaying various data

    I haven't fully explored Ripplecharts to its limits - I know the in-house Ripple coders put a lot of work into it, though. I think some of this has been done there. (XRP price & trade/pay volumes)
  27. 1 point

    Chart overlaying various data

    Thanks. I'll have a bit of a play around with the data. Excel is something I can actually wrap my head around
  28. 1 point
    For me the ultimate crypto exchange is still the former Mintpal exchange. It looked very professional, had a slick and intuitive interface, nice and easily adaptable graphs without too much unnecessary details, high volumes and good and quick customer service. For these reasons, Kraken and Bittrex are now my favorite exchanges. Kraken: - Pros: Very reliable, low fees, very professional, good volumes and nice IOS app in which trading can be done - Cons: Very unintuitive trading interface, not many trading pairs Bittrex: - Pros: Good security, nice intuitive trading interface and good customer service - Cons: Volumes are rather low, site templates look a little cheap, graphs are not really manageable on a touch screen
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