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Showing content with the highest reputation on 06/12/2019 in all areas

  1. 26 points
    karlos

    Warning: phishing messages.

    A reminder to never click on links that are sent via private message from unknown members. It appears scammers have created profiles here on XRP CHAT, and are pretending to be from Gatehub support. If you receive any such private messages, please make sure to report it using the "report" button: Stay safe and be careful!
  2. 10 points
    Many gatehub users where hacked recently. I personally know the feeling akin to being punched in the gut. My gatehub account was hacked in 2013. The 300,000+ XRP were valued around $5000 at the time they were stolen but eventually would have hit an all time high value of 1 million USD. I was unaffected by the latest gatehub hack because I alone control my crypto keys. I was an early adopter of ripple because I believed in the tech. xrpl is useful for reducing (but not eliminating) 3rd party risk. This gatehub attack was preventable by having users manage their own keys. A person can create a gatehub account and then use a 3rd party wallet to set a regular key and disable their master key. This renders the gatehub account open but restricts gatehub from signing transactions. My gatehub account may have been hacked for all I know and I'm not worried. The only way to sign a valid transaction for my gatehub account is using the regular key I've set and only I control that key. Not your keys not your crypto. When I get more time I'll post tutorials on how to use the ihilda wallet with gatehub, and how one can set a regular key/disable master and reduce third party risk. Also I'll post a tutorial on how to set a regular key for the ledger nano allowing one to use ihilda with a word list such as the one required for the ledger nano. I feel like advanced users have an advantage of knowing for to reduce risk. We need a wallet and security center where everything is explained.
  3. 7 points
    https://www.paymentsjournal.com/tim-sloane-talks-w3c-payment-request-api/
  4. 6 points
  5. 6 points
    Zerp_Legend

    What's Left for XRP?

    Its funny how people always assume that ripple will lose only because a big player is offering something similar . For me it is a sign that companies are actually scared and ripple is like 5 years ahead of the game :). Many big banks are already using Ripple technology and Ripple is already huge in Asia.
  6. 5 points
    You are shooting at the wrong company, @lucky It was not GateHub retaining 500,000 XRP, that was the exchange ChangeNOW. They have been very cooperative and blacklisted destination tags / blocked funds from the flagged accounts. This way, they have managed to freeze 500,000 XRP and secure them in their cold storage in order to return them to GateHub if necessary documents from the authorities are there. They are now working on following the traces of the rest of the 2.5m XRP that has been laundered through their exchange. We do not have news with respect to recovery of XRP from the other exchanges such as Binance, Changelly, Kucoin and Huobi, do we? And I have noticed there has been no activity in the hackers' accounts for a week now. Maybe because they don't have possibilities for laundering any more, as exchanges have blacklisted them. They still have 10m XRP sitting in their accounts.
  7. 4 points
    Follow along here: https://www.w3.org/Payments/WG/ Click the links that contain ‘minutes’ in them for the discussions between participants. There’s a wealth of information on that site. FUD of the week seems to be the creation of islands (VISA, FaceBook, JPM etc) and there will be a hell of a lot more to come. But with this archipelago comes the importance of interoperability and a Counterparty-free digital asset XRP does not compete with islands. It’s a mode of transport between islands
  8. 4 points
    XRPeteSampras

    An Introduction to XRP

    Long time no talk, guys... been working on a few things. I'd like to introduce you to "XRP the Standard Productions" and I hope to be bringing you lots of entertaining content in the future. As for now, please enjoy the words of Hodor brought to life in the channel's initial video. Stay the course, ladies and gents.
  9. 4 points
    XRP-JAG

    What's Left for XRP?

    I think is already been said, but worth repeating. These other coins are good news. The whole point of XRP is the be the bridge currency. Each new currency/coin/asset requires trading pairs to all FIAT currencies and all the other coins/assets... or everything goes via $USD or a non sovereign asset like XRP.
  10. 3 points
    The Tipper application utilizes Wietse’s XRPtipbot, a very popular bot/app that is being widely used by the XRP community. Users can earn XRP by completing specific tasks (visit a website, complete a survey, view a video) and website owners can use the Tipper to attract traffic to their website or a specific page they wish to promote. We will be testing the Tipper on one of our new sections on XRParcade, the demographics. We have prepared a few questions, addressed towards the XRP community, in order to learn more about the people that believe in XRP, their aspirations and targets. Visitors will be able to claim 0.001 XRP if they visit our demographics page. They will be able to claim it even without completing the survey, although we would appreciate it if they did. https://xrpcommunity.blog/introducing-the-xrparcade-tipper/
  11. 3 points
    mrenne

    Ripple is acquiring MoneyGram?

    Management (executive committee) and shareholders are not the same, although some of the managers may have shares in the company (e.g. the CEO of Moneygram is also a shareholder). The executive committee is appointed by the Board of Directors, which represents the shareholders. It is a little more complicated than that. Only the shareholders can sell their shares to another party and they can even do that without the approval of the management (hostile takeover). In practice, usually the buyer will seek an agreement with the management, together they will make a strategy for the future of the company. This strategic plan together with the takeover offer will be presented to the major shareholders, and if they agree, the buyer will launch an official (public) offer for the remaining shares (in this case the 22%) that is in public hands. This can be you and me. Shareholders will be called to a shareholders' meeting where they will need to approve the sale of their shares to the buyer. Then you can apply for a delisting and take the company private. The takeover offer includes a certain price that the buyer is willing to pay for the shares (in the case of the takeover bid by Ant Financial last year, 13.25 USD per share). This is usually higher than the share price at that moment, otherwise the shareholders will not be willing to sell their shares. This is price-sensitive information, which needs to be publicly announced as soon as possible, so that all (potential) shareholders have access to the same level of information. You can understand it is unacceptable that some people know there is a takeover bid on the table (and therefore can quickly buy Moneygram shares in order to make quick profit) while other people don't know about it. It is even more unacceptable that people talk about it on Twitter for weeks before there is either a public announcement or a trade halt by the stock exchange. Moneygram is such a mess (fraud, much lower margins than their direct competitors, losing customers rapidly, bad reputation, high debt) that management can decide the best possible future for a company is to go together with another company. In that case the management will actively look for a buyer, but for that you need to look attractive. The problem is that the 7-year debt refinancing they concluded in 2013 is due next year, this means about 1bn USD needs to be paid back, so they need to refinance this debt before the due date. This brings a lot of pressure and makes the company less attractive. That's why the management announced they would first try to secure refinancing of this debt before to actively look for a buyer.
  12. 3 points
    GoldenGoose

    Warning: phishing messages.

    Based upon the outstanding grammar, alone, I can confirm: It are a phishing attempts.
  13. 3 points
    Comment on last paragraph: Lastest victim is from yesterday, latest cashout was today. Perpetrator is using more than 30 accounts. We prepared a chart of the thefts:
  14. 3 points
    Julian_Williams

    What's Left for XRP?

    I am the same. I just go on buying XRP because it makes sense as a long term investment. LTC and BTC and ETH do not look like they will survive the next generation of blockchain coins coming from places like China. In contrast XRP looks as if it will have been adopted and will be a standard inter-fiat bridging currency for the future because it is technically ahead of the field and backed by a team of well connected experts in FI and Silicon Valley disruption. It is well known that the crypto market as it is presently set up is largely manipulated by whales who are artificially setting the price and disregarding the news. Following the price of crypto is like following the ball on a roulette wheel, you might get lucky but it is at best informed gambling.
  15. 3 points
    Julian_Williams

    What's Left for XRP?

    .....whilst when it is Ripple they get invited to public discussions and seminars organised for central bankers by the IMF about how to adopt blockchain. You would think it was the other way round. Visa bought Earthport which is pretty healthy evidence that Ripple XRP have behind the doors discussions with VISA as well as the IMF. Besides what is it that VISA has got to offer the IMF - cross border payments and settlement facilities for banks? You're grasping at straws again Freaky
  16. 3 points
    Hodor

    An Introduction to XRP

    Thank you for this @XRPeteSampras The voice actor did such a tremendous job, it sounded like a professionally-produced, educational video! I'm so honored that you chose one of my blogs for the first in your video series; hopefully it serves as a resource that others can share with those that are either new to crypto, generally, or new to XRP.
  17. 3 points
    If the new FATF regs mean that exchanges have to comply with KYC and AML, thus reducing the number of successful hacks, then perhaps people will start to have more confidence in Digital Assets. The recent Github hack should not have been possible, nor should being able to cash out on exchanges with ill-gotten gains. Yes there are negatives, but this space needs cleaning up big style before the next Mt Gox occurs
  18. 3 points
    Julian_Williams

    What's Left for XRP?

    My impression is that you are looking at the price of XRP and thinking hey it is isn't going up as fast as BTC and therefore the project is failing? Your analysis seems to be unaware of the huge steps Ripple/XRP are making to make their solution industry standard If you read Karmacoverage comment you would understand that none - and I mean none of the XRP market has been "taken out" . There are other models of using blockchain for cross border payments, but they do not do what XRP does. They are ineffective attempts to catch up on Ripple XRP's massive technological and market development lead that might be useful in some situations, but are not centre stage solutions.. Only the hyperledger attempts to compete, and from what I understand it is way behind Ripple XRP. XRP solves the problem of cross border payments efficiently, cheaply, fast, securely, legally without a counter party. It is also easy to install and integrate with banking software. XCurrent and the ILP outperforms SWIFT's GPI and is being adopted as industry standard. If you do not like your investment decisions you should change them.
  19. 3 points
    PlanK

    What's Left for XRP?

    ^^ The pieces they're building are walled gardens. XRP is the sneaky, nimble street dog that manages to find a way over/under/around all the walls.
  20. 3 points
    mrenne

    Ripple is acquiring MoneyGram?

    As I have explained from the beginning, Ripple can not buy all of Moneygram without a public offer on all outstanding shares, which is not the case. If you read the crap that is being spread on Twitter, it's just like Ripple and Moneygram signed a deal last Monday. Except that Moneygram owns only a small part of Moneygram (<5%), so Moneygram can not sell Moneygram to Ripple. It's the shareholders that can sell Moneygram to Ripple. There is one large shareholder that owns 42% of the company, Thomas H. Lee Partners, and several others that have 3% (the State of Wisconsin, amongst others). So Ripple woud need to sign a deal with THL and at least 3 other minority partners to have a majority. Second, Moneygram is a public company, and all price-sensitive information needs to be published, so that all investors and potential investors have access to the same information at the same time. They will usually not first inform a well-known Twitter scammer, and publish their deal weeks later. With the SEC and the largest shareholders being aware of the rumours, they would certainly have pushed a trading halt of the shares until the news is public. Third, change of shareholder structure below a certain treshhold needs to be reported to the SEC though a SC 13 D filing. Those are indeed public (through EDGAR), so we will see those notifications. Usually within 10 days of the acquisition. Fourth, all comparisons with car industry and Amazon really prove nothing as those cases have nothing to do with the actual situation and the business Ripple and Moneygram are in. Fifth, Moneygram has a very heavy debt (about 1bn USD) and the management already talked about a sale of the company when the debt situation is less of a constraint. They are working on it, but I don't see how a company like Ripple would be able to deal with such a heavy debt structure (if they don't sell 3bn XRP to cover up).
  21. 2 points
    buckor

    Truth, Lies, and FUD

    I feel it is important that the XRP Community sees this. Thank you for your time.
  22. 2 points
    Cointelegraph: VP of Largest Brazilian Bank: Local Banks to Soon Introduce Unique Blockchain Platform. https://cointelegraph.com/news/vp-of-largest-brazilian-bank-local-banks-to-soon-introduce-unique-blockchain-platform More info tomorrow. Brad +esco, LOL.
  23. 2 points
    jn_r

    XRP being delisted?

    Bittrex will not delist XRP: https://bittrex.zendesk.com/hc/en-us/articles/360028996652
  24. 2 points
    NightJanitor

    Ripple is acquiring MoneyGram?

    You're assuming some sort of txtbook/wikipedia-for-m&a tender offer or a proxy fight situation. For that, your textbook info is correct. But MGI is mostly held in controlco's w/very concentrated/large stakes. So, diff... The open mkt tndr offer scenario you suggest would only cover the public float - in this case, that's too small to *gain* control - hell, the guy with the .01% that makes up the critical difference might even make more than the other shareholders. Lordy, would that be fair? Some might call it capitalism. On debt - this is just some rando on twtr - but: All I'm saying is... it's *possible*... None of your bschool 101 objections make it not so.
  25. 2 points
    NightJanitor

    Ripple is acquiring MoneyGram?

    Public service announcement: This guy (and the 50 other guys like him, on Twitter) who keeps saying there's no way to buy a company without doing a tender offer for all of the outstanding shares (and that that would necessitate a 13d filing) doesn't know ****. Here's a crazy question (on the premise of someone in crypto buying MoneyGram): How are all of these unbanked people supposed to get their paper dough onto their phones, in the first place? Would that require some sort of physical intermediary to take their cash? And, then, could that physical intermediary sell them ANY crypto? (ie, be agnostic?) This MGI thing isn't as batshit crazy as some of you geniuses make it out to be... Just sayin'.
  26. 2 points
    Onizuka

    Ripple is acquiring MoneyGram?

    But they were a very good book seller. 😉
  27. 2 points
    Thanks for the update! I only checked the 12 accounts you had in the Medium article, of which 4 have a significant balance. I see the difference between the blue and red lines is still about 10m XRP, so we can conclude the largest part of unlaundered is still in those 4 accounts. Let's hope the criminals can be seized before they manage to move out that amount as well. I am talking about following wallets: rJpKe5rbjgzzGJc1wm1xqKj6j4UjBQ6s48 rGSWKo2oiJnJiPEoHvDZTK2XG7RtE62Cbh r9do2Ar8k64NxgLD6oJoywaxQhUS57Ck8k rMcqiWXMJEAEMXaFFgnjeuASwAMmef8B8c
  28. 2 points
    Your Q3/Q4 is still 'possible' --- a highly overused word when predicting crypto. I was expecting a gut wrenching year until autumn, then a decent pump revisiting all time highs. It was based on predicting the emotional movements of the markets, but then the whales decided to pump BTC in the 2nd quarter, and now its hard to tell which way it will break from here.
  29. 2 points
    https://www.xrparcade.com/news/ripple-officially-launches-operations-in-brazil/
  30. 2 points
    Julian_Williams

    An Introduction to XRP

    Congratulations. Good idea and you are doing something here that has the promise of having a big impact. Choosing Hodor's introduction was a brilliant choice. This is something I can give to my friends as an intro to XRP, rather than embarrass myself and others with a jumbled up amateur unconvincing explanation of why I am investing in XRP and think others should too. I have bookmarked
  31. 2 points
  32. 2 points
    FreedomGundam

    What's Left for XRP?

    Thanks for all respond. Some are optimist and some are not. Well, if you read my first post what I concern is what's left for XRP? I know that remittance business is very big, we're talking trilion dollar each day. But, the big player we can see like Swift, JP Morgan they are the biggest player on this market. JP Morgan have 2.6 trilion Dollar asset. When they decide not to use XRP. We cannot close our eyes and say it's alright. I, personally still have hope with XRP and Ripple. But, the longer the wait the more I lost confident. Like when Facebook which have 2.3 billion citizen along with their Whatsapp are starting their own coin. It is also big market too for cross border payment. In order to really make distruption, you'll need big impact. But, now, the window getting smaller and smaller. PS: I do really really hope that there are real NDA with all the giants.
  33. 2 points
    Why don't you talk about efforts (or absence of efforts) to compensate your clients? Have you talked with your investor Chris Larsen about this matter, who according your own site is backing you?
  34. 2 points
    Patting themselves on the back for retaining 500,000 of the 23 million XRP that was stolen, and NOT A WORD about commitment to return the money to their clients. Many people have lost their life savings! In the future they hope to stop 90% of stolen funds if the situation repeats??? Here's what I read: "because of our stupidity our clients are screwed out of 98% of their life savings. But because we're so smart, new clients that will trust us with their money will only be screwed out of 5% . We hope.". An exchange that deals with hacks this way does not even deserve a future, IMO.
  35. 2 points
    Flintstone

    What's Left for XRP?

    Isnt VISA’s solution just tokenising information? There’s no digital asset involved and doesn’t solve Nostro/Vostro There will be a lot more tokenzation in the future, this is the IoV after all.
  36. 2 points
    karlos

    Warning: phishing messages.

    Example of phishing message: The link is a doc file (most likely infected with something).
  37. 2 points
    https://www.bk.mufg.jp/global/newsroom/news2018/pdf/newse1109.pdf
  38. 2 points
    My guess, hyperledger replaces SWIFT messaging but not corresponding banking. It would benefit from a counterparty free highly liquid digital asset like XRP or other.
  39. 2 points
    Julian_Williams

    What's Left for XRP?

    yes that's right, a bit of window dressing by the IMF for passing the time and providing the world with fake news. Yea you really have a handle on the way the minds of these organisations work Freaky.
  40. 2 points
    Drew

    B2b visa payments got people spooked

    This new Visa system is built on Hyperledger. Hyperledger is settlement agnostic. Hyperledger dose not have a built in coin or asset. How settle I ask? Answer, open.
  41. 2 points
    No...Sagar (head of regulatory relations of APAC and the Middle East at Ripple, discusses the regulatory landscape for blockchain technology.) represented Ripple at FATF fintech forum; very well positioned....Also did interview CNBC https://www.cnbc.com/video/2018/09/17/ripples-sarbhai-regulators-starting-to-see-benefits-of-cryptocurrencies.html
  42. 2 points
    Kiwi

    What's Left for XRP?

    I can agree with most of it. But I am looking for new xRapid official customers. Banks joining Ripplenet, new corridors being open, new offices around the world. These are all great news, for Ripple. But not strictly for XRP. I am looking for XRP adoption and I can not see it. It seems everyone is under NDA or there is no adoption. Yes, it is chicken and egg problem. But as far as I am aware, there are plenty of corridors (70ish) which means there should be plenty of potential customers using xrapid/xcurrent. Where are they? PS. I am not big fun of Glagitrons analsys because everyone can fake these transactions to look like xrapid. I do hope he is right though. I do hope in Q2 2019 Ripple will provide us more details regarding xRapid volume.
  43. 2 points
    To be fair, neither am I. I'd sell today if you'd give me the right price.
  44. 2 points
  45. 2 points
    KarmaCoverage

    What's Left for XRP?

    JPM coin is just a digital Commercial Bank liability, same thing as "money in the bank". Fbook hasn't articulated a strategy that I know of yet. Hyperledger is integrated with ILP, and I'm not really up to speed on the rest of that project. SWIFT GPI, seemed to me to be a reactionary move, to both all the Central Banks RTGS efforts and Ripple. As for "what's left for XRP?" Regulatory clarity is the big thing and that seems to be slowly coming together one country at a time. The framework is already there.
  46. 2 points
    I think it's brilliant. A truly global currency for all people no matter their race, religion, sexuality, or gender.
  47. 2 points
    Ripple-Stiltskin

    Hi all

    Godwin’s law immediately activated.
  48. 2 points
    My money says SBI has zero influence on price next month even if they go live.
  49. 1 point
    https://www.xrparcade.com/news/beaxy-exchange-goes-live-xrp-listed-from-the-get-go/
  50. 1 point
    baggy23

    Ripple is acquiring MoneyGram?

    Source Moneygram has 900m $ in debts. Ripple made around 1b$ in cash from XRP sales since 2018. edit: does anybody have access to the full article by Dallas Business Journal?
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