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Showing content with the highest reputation since 07/19/2019 in all areas

  1. 50 points
    Q3 - Paradigm shift on the buying pressure of XRP Janna's interpretation After a very exhausting 2018 year during which the XRP/BTC chart was going in oblivion and a half of the 2019 year also quite frankly unsatisfying considering the +/- 300% surges of some of the top 15 coins, reading the Q2 2019 XRP Markets Report I personally felt a huge relief, which I have not really expressed because I am quite the private person. But here I will explain my reasoning and my own interpretation of what is most likely happening. Q2 2019 XRP Markets Report Before going any further, I will point out some key information which are coming straight out of the report. Since 2017, Ripple began providing XRP to meet FI's demand through the OTC desks in response to a lack of liquidity. The direct impact was obviously felt from everyone who had invested in XRP and even today. The price plummeted not only because of the BTC 85% drop, since XRP price is highly correlated to BTC, but in a more stealthy way from the strategy implemented by Ripple. During the past weeks, many members, myself included, were collecting information regarding the XRP exchanged on the network. Personally, I was trying to find comfort, because this is how I cope with it. Being still a fresh member, of this community and also an investor in this asset, my understanding of the network is ongoing. What was the most devastating to me and most likely to some other members was that the XRP exchanged and thus sold (for the most part) were a direct cause of the price being dropping / stagnant / sluggish compared to BTC slightly dropping / stagnant / increasing. Although, as stated in the report, this very strategy is the necessary step prior to what is coming. Since 2017, there is institutional demand for XRP which has heavily been sourced by the OTC desks, resulting in sale pressure (mostly observed on the XRP/BTC chart). I was explaining the XRP/BTC chart with mainly one factor, the performance of XRP compared to BTC throughout the whole bull phase (2015 - 2017). BTC bottom: 180 (January 2015) BTC peak: 19,000 (December 2017) BTC multiplier: 105 XRP bottom: 0.004 (December 2015) XRP peak: 3.8 (January 2018) XRP multiplier: 950 While this factor is a heavy participant in the equation of the XRP/BTC chart going downward to oblivion ever since the bull run was exhausted, throughout 2019 the trend was still ongoing while other top 15 assets were drastically increasing. In the report, Ripple states they decided to make a switch pulling back from providing XRP over-the-counter at scale toward the end of Q2. The key word is "decided", it does not mean they did it right away. Although, toward the end of Q2 it is true the sales had decreased, but it is only 1 of the 2 parts of the equation. Provide XRP to FI through the OTC desks Provide XRP to FI through the open-market (exchanges) Paradigm shift Throughout the month I observed a new trend on the XRP/BTC chart, starting the 11th July. The trend is ongoing and obviously translates into XRP gaining traction over BTC, but this is pretty new and I have not all the necessary information to confirm my theory, so I cannot say with full confidence I am right. As I said earlier, this is all my own interpretation. I think Ripple started providing XRP to FI through the open-market this month, meaning there is now enough liquidity from the exchanges for the current institutional demand. This results in buying pressure which translates into the XRP price soaring. We do not see the effect as of yet because XRP is still heavily coupled to BTC and BTC having recently surged a lot now needs momentum to find some new grounds. So in fine, BTC price dropped from 14k to 9k, which resulted in XRP price going from 0.5 to 0.3. But, now I want to focus on the 07/11/2019 to 07/26/2019 time frame and compare both BTC and XRP performances over the past 2 weeks. 07/11 Midnight UTC +2 BTC: $12,044 XRP: $0.36000 07/26 10 am UTC +2 BTC: $9760 XRP: $0.31300 BTC lost 19% of its value XRP lost 13% of its value I had noticed both BTC and XRP were finally moving in tandem, but given the information provided in the Q2 report together with the very recent trend I observed, it looks like the buying pressure from the institutions could be resulting in the XRP price slightly gaining traction. Again, this is all too new and I cannot confirm everything. But if Ripple started not only to decrease their sales OTC and also started providing XRP to FI through the open-market, then the direct consequence would be XRP/BTC moving upward, or at the very least a relative reduction of the XRP/BTC downtrend (depending on the % of the XRP allocated to OTC and open-market). Obviously, if the trend for BTC was moving upward, we would notice it even better. I am eager to see how the trend will play out but I feel much more positive after reading the Q2 report coupled with my observations of this very recent trend.
  2. 39 points

    Bank of America's new patent

    Patent# US2019/0172059AI https://patents.google.com/patent/US20190172059A1/en?oq=US2019%2f0172059+AI "Real-time net settlement by distributed ledger system"
  3. 37 points
    Yahoo Finance UK had an interview with Brad Garlinghouse about MoneyGram investment and xRapid outlook. https://news.yahoo.com/ripple-brad-garlinghouse-multiple-deals-moneygram-050000149.html Key takeaways from the article: "Garlinghouse said active discussions on “multiple” potential investments and acquisitions were currently underway but declined to give further details." “If you’re the Bank of Oscar and you’re holding £1 and you want to shoot a payment over to Mexico, you buy XRP with the pound, that takes fractions of a second on any digital exchange; you move the XRP to an exchange in Mexico, that takes about three seconds, there’s an exchange in Mexico we work with called BitSo; they now have the XRP, they sell the XRP, and they buy pesos,” Garlinghouse said. “It’ll start to ramp in Q4 but really we’ll start to see more consequential volumes in Q1,” he said." “The more liquidity there is, that means the spreads get tighter. The tighter the spreads get, the more efficient that corridor gets. The more efficient that corridor is, the more comes through there. So there’s a flywheel that happens and once you get it moving it starts to feed itself.” “The Moneygram deal is really one of the first scaled use cases of a digital asset in production,” Garlinghouse said. “This is a big deal. If I were betting now, a year from now the Moneygram deal will have a more consequential impact on the crypto markets than the Libra white paper [Facebook’s cryptocurrency project].” "Garlinghouse said he expected “over $1bn of xRapid volume” by the end of 2020." “Banks that two years ago told me: Hey we love your technology, we’re thrilled to be working with you but we’re not going to use crypto. I said OK great. Some of those same banks are now coming back and saying hey let’s talk about that because they see the value,” Garlinghouse said. My thoughts: - I hope the biggest investments and acquisitions of Ripple will be similar than MoneyGram which will provide more XRP/FIAT liquidity and hence encourage xRapid adoption even more. - I don't find it coincidence that Brad is using British Pound (£) as an example. Bitstamp should open GBP corridor "soon" and I hope they will start offering XRP/GBP pairing from the get-go because as an xRapid preferred exchange they would start to gain more revenue from XRP/GBP trading in addition to their XRP/USD & XRP/EUR pairings. - Remember that Brad said a couple of weeks back that Libra white paper brought the best week for Ripple ever and also it was call to action for banks. IMO according to Brad during Q3/2020 MoneyGram should bring even more customers to Ripple than Libra white paper did. We should also see xRapid overall volume around $1bn by the end of 2020. - Remember that in June 2018 Brad said at least one major bank should be using xRapid in the end of 2018. Well, we got Euro Exim bank in end of 2018 and it is not major bank by any means to be honest. Thus, I won't expect any major banks using xRapid in the end of 2019 as well even if there would be some banks asking about XRP from Ripple right at the moment. PS. Credits to Eric Dadoun (@EDadoun) from Twitter for sharing the article.
  4. 36 points
    Brad Garlinghouse at Bloomberg 22nd July 2019 Starts at 11:35 https://www.bloomberg.com/news/videos/2019-07-23/-bloomberg-technology-full-show-07-22-2019-video
  5. 34 points
    They gush a bit about Ripple and xRapid "Ripple has become our key partner for settling cross border payments using digital assets" "Sooo excited to announce today that moneygram is live and settling transactions on the xRapid platform" "we started executing trades this week and all signs point to this being a tremendously beneficial relationship for all parties involved" "we are literally settling trades in seconds and quote my friend Larry 'this is really cool'"
  6. 32 points

    UBRI: a look into the future

    All right folks, let's dive into #UBRI initiative and see what is it all about. I see a lot of ******** and idiotic comments passing by about this UBRI initative. Let's see what kind of jobs are going to be created. I'm going to expand this topic as I go (I just started to look into this out of curiosity)... UBRI-numbering given below starts from the top-left corner and ends at the bottom-right corner following Ripple's academic partners shown at https://ubri.ripple.com/ UBRI#1: Australian National University (ANU) College of Law https://law.anu.edu.au/news-and-events/news/anu-receives-us1m-study-blockchain-and-law-technology The Australian National University has become the first in the country to secure US$1 million to research and create courses around the legal implications for the law profession and governments from the emerging technologies of blockchain, smart contracts, and digital payments. Scott Chamberlain (https://twitter.com/scotty2ten and https://twitter.com/morley_alana/status/1098807708533178368), a Senior Lecturer in the ANU College of Law, has received the funds from US-based cryptocurrency exchange platform Ripple, as part of its US$50m University Blockchain Research Initiative. “The internet has exploded the amount of interactions and information we can share with other people, but it didn’t explode trust,” Mr Chamberlain says. “That leads to all sorts of things like online identify theft and intellectual property infringements. “Part of what Ripple’s looking at is can blockchain add a value layer to that, so the Internet of Data matches with the Internet of Value. “We’re proud to be both the first Law faculty and the first Australian university involved in this exciting research initiative,”. “The legal implications for these emerging technologies are immense, and we are thrilled that our staff and students will be in the front row of researching what it all means for the legal profession and governments.” Mr Chamberlain and his research partners, starting with software developers, will study whether emerging financial technologies can help. “I’m looking at what I call the ‘Lex Automagica Tech Stack’ – blockchain, plus digital assets, plus smart contracts, plus AI (Artificial Intelligence), plus AR and VR (Augmented Reality and Virtual Reality – that can power our societies like clockwork.” “There’s a whole lot of things that need research, it’s not just blockchain but legal tech in general. The whole space is a Cambrian explosion of new and wonderful things to sink your teeth into.” Mr Chamberlain plans to create two postgraduate Masters courses in first semester 2020, subject to approvals, that examine the technology proposals in theory and practice. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#2: Delft University of Technology https://www.tudelft.nl/en/delft-blockchain-lab/vacancies/vacancy/ By the way, you can still apply for these jobs! PhD Design and Implement Security Protocols for Blockchains Department/faculty: Faculty Electrical Engineering, Mathematics and Computer Science Level: University Graduate Working hours: 38-40 hours weekly Contract: 4 Years Salary: 2222 - 2840 euros monthly (full-time basis) Goals of this collaboration are to design and implement security protocols for blockchains as well as developing effective and efficient solutions for testing and verification. In the first phase of the collaboration, we are hiring two Ph.D. students, who will be daily supervised by experts in both Software Engineering and Distributed Systems. The two PhD positions will focus on the following research areas: 1. AI-based Software Testing. The development, maintenance, and testing of blockchains involve many activities that are complex, expensive and error-prone. In this project, we aim to automate testing activities by leveraging artificial intelligence algorithms (e.g., by using search-based and machine learning algorithms). The goal is, for example, to assess the implementation of the consensus algorithms or testing blockchain applications against security attacks (e.g., double-spending attacks). Background: Software Testing, Optimization Search Algorithms, Blockchain (optional) Supervisors: Annibale Panichella, Arie van Deursen More information: apanichella.github.io, se.ewi.tudelft.nl/sbse.html  2. Real-World Blockchain Scalability and Security. Theoretical models and actual networks differ in a number of points. In this project, we aim to measure Ripple how is used in the wild. Based on these results, we want to develop more suitable algorithms. Potential examples include improved consensus algorithms, improved scalability, and designing privacy-preserving protocols. Background: Distributed Systems, Network Security, Blockchain Supervisors: Stefanie Roos, **** Epema More information: www.tudelft.nl/delft-blockchain-lab ,https://ds..ewi.tudelft.nl/ While the two PhD positions focus on two different areas, the candidates will collaborate closely. Besides, we expect the candidates to spend some time working at Ripple offices for deploying the developed solutions. Requirements - An excellent master's degree (or equivalent) in computer science, with a strong interest in at least one of the following ares: Software Testing, Distributed Systems, Network Security, Optimization and Artificial Intelligence. Experience with Blockchain is not mandatory but it is highly beneficial - Strong programming skills are required, preferably in C and/or C++ ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#3: Fundação Getúlio Vargas (FGV) https://portal.fgv.br/en https://www.ripple.com/insights/on-campus-fundacao-getulio-vargas-is-training-brazils-next-gen-workforce-on-blockchain/ One of the most tangible effects of UBRI at FGV was a new Master’s Degree in Crypto Finance that Professor Rochman helped launch in 2017. The program is the first of its kind in Brazil. It emphasizes economics and finance and revolves around the core disciplines of math and statistics. It began with courses on pricing assets and derivatives and computer skills and has since expanded to include courses on crypto finance and crypto economics. These newer courses cover blockchain structures, consensus, and both micro-and-macro-economics in relation to these new technologies. The crypto finance course is specific to cryptocurrencies and delves into how crypto is viewed by other industries, alt-coins, and even how to build a new cryptocurrency. The program also features a course on cyber security. Professor Rochman says students in the course can learn about cryptographic security, various algorithms related to security, and how changes can impact end users or investors. Interestingly, he mentioned this course deals with physical security as well. For example, where to place computers, how to build and secure a data room, and other real-world challenges. Students taking part in all these courses have access to a crypto finance lab where they program with bitcoin and use both bitcoin script language and python. They can also take electives that allow them to specialize in crypto subjects related to data science, AI, Internet of Things, and other similar economics or business topics. The goal being to foster an understanding of and interest in the application of blockchain and crypto to adjacent industries. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#4: BerkleyHaas https://newsroom.haas.berkeley.edu/news-release/the-haas-school-of-business-at-the-university-of-california-berkeley-partners-with-ripple-to-accelerate-innovation-in-blockchain-cryptocurrency/ Berkeley Haas will receive a multi-year, multi-million-dollar gift from Ripple to build on the school’s leadership in advancing understanding of how these technologies are transforming multiple industries, and in educating leaders who will bring them to market. The school will develop a comprehensive program focused on blockchain and distributed systems, as well as cryptocurrency and digital payments. Eric van Miltenburg, Ripple’s senior vice president of Global Operations, said the initiative will help meet the growing demand for talent, learning, research, and project-based experience in blockchain and fintech more broadly. “Academia has traditionally been a critical driver of technical innovation. The University Blockchain Research Initiative is an acknowledgment of the vital importance of the unique role universities will play in advancing our understanding and application of cryptography and blockchain technology. It also speaks to the reality that university graduates will fuel a continually evolving and maturing financial marketplace and workforce,” https://newsroom.haas.berkeley.edu/blockchain-in-bloom-new-initiative-expands-courses-research-grants/ Bosun Adebaki, MBA 19, will spend time this spring researching the merits of Central Bank Digital Currency (CBDC), a form of digital money that’s being tested by governments and central banks worldwide. His goal is to determine how central banks can use digital currencies to become more competitive, flexible, and efficient. Adebaki, a fellow with the Berkeley Blockchain Xcelerator (https://xcelerator.berkeley.edu/ and https://blockchain.berkeley.edu/), is among eight graduate students and seven faculty members from across UC Berkeley who received the first round of grants from the Berkeley Haas Blockchain Initiative, a new program funded by a grant from blockchain industry leader Ripple. “It’s exciting to watch the Ripple UBRI Partnership gather momentum at Haas and across the Berkeley campus,” said Prof. Laura Tyson, faculty director of IBSI and former dean of the Haas School. “Individual companies and researchers can only accomplish so much. But by supporting a research network that spans across so many great universities and over five continents, Ripple is building a powerful program that could lead to important advances for not only the entire sector, but for the world.” Fifteen research grants awarded The first round of grants went to professors from Berkeley Engineering, the School of Information, and Haas, as well researchers from the Berkeley Center for Long-Term Cybersecurity and the Simons Institute for the Theory of Computing. Haas Prof. Paul Gertler received funding for research focused on adoption of digital payment systems by small businesses in emerging markets, and Asst. Prof. Giovanni Compiani received a grant to study what drives demand for cryptocurrencies among both individual and institutional investors. Blockchain courses taught by Adam Sterling, executive director of the Berkeley Center for Law and Business, and Ikhlaq Sidhu, chief scientist and faculty director of the Sutardja Center for Entrepreneurship and Technology, also received grants. Eight students from Berkeley Law, Berkeley Engineering, the School of Information, the Department of Economics, and Haas each received smaller grants that will allow them to complete research projects within a semester. Haas students participating, in addition to Adebaki, include Kate Tomlinson, MBA 20, and a business consultant for Blockchain@Berkeley, who will be researching applications of blockchain within the energy sector. Her project will dive deeper into the specific challenges of financial reconciliation, hardware integration, and data sharing as they apply to the energy sector. Lauren Fu, MBA 19, will research ways to assign vehicle accident liability by collecting and storing accident data using blockchain—so that the data collected will be auditable and tamper-free. She256, co-founded by Sara Reynolds, BS EECS 21 and a Blockchain@Berkeley consultant, also received a grant to continue to develop the reach of the organization, a movement to increase diversity and break down barriers to entry in the blockchain space. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#5: University of Waterloo https://uwaterloo.ca/blockchain-research/news/new-funding-available-grad-students-researching-blockchain To help shape the future of blockchain technologies, a funding opportunity is available for master’s and doctoral candidates. Waterloo Engineering is offering fellowships, valued at up to $50,000 for master’s and $120,000 for PhD students, to undertake research in the blockchain field. Most of the funding for the fellowships is provided by Ripple, a San Francisco-based technology company that specializes in digital payments and blockchain. Recipients of the fellowships will join Waterloo researchers and others to advance research and innovation in blockchain, cryptography and digital payment systems. https://uwaterloo.ca/blockchain-research/researchers-and-areas-expertise a wide spectrum of research in the following areas: Applications in Severless Cloud Computing Blockchain for Social Good Consensus Protocols Cryptography and Security Data Mining and Machine Learning Distributed Systems Scalability Smart Contracts Testing and Verification https://uwaterloo.ca/graduate-studies-postdoctoral-affairs/awards/ripple-graduate-fellows The deadline to apply for a blockchain fellowship is February 1, 2019, with an anticipated start date of September 2019. Annual fellowships valued at $25,000 per year (for Master's students) and $30,000 per year (for Doctoral students) will be awarded to eligible graduate students registered full time in the Faculty of Engineering at the University of Waterloo. Fellowships will be awarded on the basis of academic excellence (e.g., minimum of 80% cumulative average or in each of the last two full-time academic years) and through demonstrated interest in how the applicant has increased diversity in the subject area and related field of Blockchain and distributed systems, Cryptocurrency and digital payments, and Cryptography, particularly as it relates to these research areas. Preference will be given to female graduate students who meet the evaluation criteria and students with diverse experiences and backgrounds. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#6: University of Oregon https://business.uoregon.edu/news/leading-the-blockchain-revolution Formed in April 2018, Oregon Blockchain (https://www.oregonblockchaingroup.com/) is a student-run initiative with a goal of campus wide reach for education and innovation in the blockchain space. The group hopes to recruit students from across different disciplines to think about how blockchain will impact business and have a greater understanding of blockchain generally. In June, the University of Oregon announced it is one of 17 universities worldwide in the University Blockchain Research Initiative (https://around.uoregon.edu/content/ripple-partnership-puts-uo-elite-company-blockchain-research)—a multiyear, multi million-dollar program founded by Ripple to support academic research, technical development, and innovation in blockchain, cryptocurrency and digital payments. Oregon Blockchain benefits from this gift through conference and curriculum rollout support. Oregon Blockchain believes blockchain’s impact will be felt in six core areas: supply chain; financial markets; government; luxury assets, including sculptures, real estate, and collectible cars; advertising and journalism; and healthcare. UO faculty members will develop curriculum and guide research, while Ripple will lend the support of its staff as well as technical resources to the UO and its other partner schools. Ripple will also provide funds to support cybersecurity research for which faculty members from across campus can compete. Sventek can see natural collaborations between the new program and faculty in the Charles H. Lundquist College of Business and the School of Journalism and Communication, for example. The technology essentially tracks the virtual fingerprint of everyone who touches a specific item, when that occurred and any actions they may have taken with it. This includes everything from transferring funds between two parties to complete the purchase of goods to tracking the path a box of tomatoes takes from a farmer’s field to your neighborhood grocery store. “It may have come about because of bitcoin, but blockchain is becoming a very important technology not just for the financial industry but also as a way to track the movement of goods from one supplier to another,” Sventek said. “It’s a way to keep a supply chain secure through an entire distribution network.” The new hire will be a member of the Center for Cyber Security and Privacy, the UO’s lauded interdisciplinary unit that is sponsored by the National Science Foundation, National Security Agency and Department of Homeland Security. Sventek expects to launch the hiring process in the coming weeks. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#7: Korea University http://www.korea.ac.kr/user/boardList.do?boardId=365&siteId=en&page=1&id=en_060102000000&boardSeq=483066&command=albumView Sang Jin Lee, dean of the Graduate School of Information Security, said, “The partnership with Ripple gives us access to its extensive database, and this will be essential in the development of practical blockchain security technology. In addition, it will help to meet the increasingly high demand for blockchain experts.” The Blockchain Security Research Center of the Graduate School of Information Security at Korea University was established on May 1, 2018, for the purpose of conducting blockchain security research. Participating members include Dean Sang Jin Lee, Professor Ik Rae Jeong (https://koreauniv.pure.elsevier.com/en/persons/ik-rae-jeong/publications/ and https://scholar.google.co.kr/citations?hl=ko&user=cMn-vC0AAAAJ&view_op=list_works&sortby=pubdate, and Professor Ji Won Yoon (https://koreauniv.pure.elsevier.com/en/persons/ji-won-yoon/publications/ and https://sites.google.com/site/securesiplab/members-1/professors and https://sites.google.com/site/securesiplab/projects Ji Won Yoon / Current Projects With fundings 2017.4~2020.12 Research on how to make homomorphic encryption be practical! 2017.12~2023.11 Research on statistical side channel analysis to find hidden keys in crypto systems. 2018.3~2020.12 Research on electromagnetic signal analysis for IoT security Voice presentation attack detection and authentication accuracy enhancements (Samsung Research), 2019.01. ~ 2019.12. Ik Rae Jeong/Research Field (http://pet.korea.ac.kr/#) 1 Block Chain Technology and Security 2 Identity-based Lightweight Authentication and Key Exchange Protocol Analysis 3 Biometric Security 4 Lattice based Cryptography 5 Cloud Security 6 Privacy-Preserving Data Mining(PPDM) 7 Data Base Security ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#8: The University of Texas at Austin / McCombs School of Business https://news.utexas.edu/2018/06/04/mccombs-school-part-of-50m-blockchain-innovation-program/ Ripple’s gift is a validation of our leadership in transformative technology innovation. It will enable us to grapple with some of the most pressing issues our rapidly evolving economic world has to offer.” In addition to financial resources, Ripple has also committed to providing McCombs with strategic guidance and technical resources as needed. “Our support of McCombs is an acknowledgment of the important role the school has the potential to play in advancing our understanding and application of cryptography and blockchain technology. Much of the enthusiasm and activity to date around blockchain is disconnected from real use cases that result in clear customer benefits,”. “While Ripple won’t dictate research parameters, we are excited to play a role in helping to support projects that explore increasingly useful applications of blockchain and cryptocurrencies.” RIPPLE CTO DAVID SCHWARTZ VISITS CAMPUS (MARCH 14, 2019) https://www.mccombs.utexas.edu/centers/blockchain/conference (video link to youtube, see below) https://twitter.com/search?q=%40UTexasMcCombs%20schwartz&src=typd https://www.youtube.com/watch?time_continue=2&v=OWyQc0vSY6o (51 minute video, check it out!) Ripple CTO David Schwartz visited campus to discuss blockchain research with both faculty and students. During his stay, he was interviewed by McCombs faculty member Tej Anand and shared not only his personal journey to blockchain, but also his excitement about the blockchain space in general. https://www.ripple.com/insights/on-campus-professor-cesare-fracassi-on-university-of-texas-austins-expanding-blockchain-initiative/ (GOOD ARTICLE, worth your time…) Professor Cesare Fracassi, the director of this initiative at the University’s new Center for Analytics and Transformational Technologies, the ultimate goal is to leverage UBRI to accelerate what he sees as lagging understanding of blockchain in academia. He believes students will be best set up to advance blockchain innovation after graduation. In recent years, he has observed a growing interest amongst students in fintech, and especially blockchain, as evidenced by their eager participation in related coursework and the founding of a graduate blockchain society. This unique combination of existing blockchain coursework, dynamic leadership and student engagement make UT Austin ripe for further blockchain exploration, and a perfect home for UBRI. At the Center and within his courses, Professor Fracassi touches on three main topics: machine learning and AI, Internet of Things (IoT) and blockchain. He pointed out that each of these technologies is at a different stage of development within industry, with blockchain being earliest in its adoption and in a proof-of-concept phase. UBRI program outcomes at UT Austin should be to advance blockchain beyond this initial phase by helping students learn about the underlying technology and its potential applications in the real world — so they can better separate the hype from the reality. He says that as academics, they do not have businesses at stake and so can cast a more critical eye on the space. A subject like blockchain spans multiple topics such as science, engineering and law, while also having application in distinct industries such as finance, identity and healthcare. Its study allows the University to provide students with exposure to a variety of colleges within UT Austin. The addition of funds through UBRI has allowed Professor Fracassi and the Center to expand the range of students taking this blockchain-related coursework. This fall, the university expanded course offerings to include MBA, graduate level business analytics and computer science, and undergrad students. He expects about 200 students enrolling in these classes in the spring semester. The MBA, CompSci and undergrad courses cover much of the same ground, but each group has distinct needs and interests. For example, business students are more interested in the applications of blockchain, while computer science students are more focused on the technical coding elements. Beyond just offering these new classes, UBRI funds will allow for a new fintech-focused track, the addition of more faculty to focus on the topic, and more professional development and subject matter expertise among existing faculty. All of this is geared to funding three UBRI program goals: support for research, support for teaching, and outreach to the community in Austin and Texas more broadly. UBRI will also allow Professor Fracassi to lead more university-wide research into blockchain. He is currently spearheading an effort to review proposals from students and faculty across campus that are interested in receiving funds for blockchain research projects. He is enthusiastic about UBRI because it allows UT Austin to jumpstart their program and to work in tandem with other universities in the UBRI program. Ultimately, he hopes to have the Center operational and research projects funded within the next six months. By year two or three, he envisions having fully embedded blockchain into the University and its coursework as machine learning is now. He acknowledges that blockchain remains niche today, but his goal is to make it core to the University — in a way that reflects its reach and use in the real world. https://www.mccombs.utexas.edu/Centers/Blockchain The Blockchain Initiative at Texas McCombs has three main goals: (i) to support faculty and graduate students research on blockchain across colleges at the University of Texas at Austin; (ii) to teach students the main concepts related to blockchain, cryptocurrency, and digital payments; (iii) to be the hub of knowledge for external relations with industry practitioners, policymakers, and media. https://www.insidehighered.com/news/2018/08/13/rising-profile-blockchain-academe Even as private industry is increasingly supporting blockchain research, very little government funding is being made available, said Cesare Fracassi, associate professor of finance at the McCombs School of Business at the University of Texas at Austin. Many of the companies providing financial support are small start-ups, but more established blockchain companies such as Ripple are starting to step up. Fracassi called this a “big deal” and noted that companies don’t often hand out unrestricted gifts in underfunded research areas. The money will allow Fracassi and colleagues to hire additional staff and “jump-start” blockchain-related research. A call for proposals will open this fall. Because blockchain was developed by industry and not in academia, university researchers have been “struggling to catch up,” said Fracassi. Blockchain technology has been around for almost a decade, but it’s only in the last couple of years that universities have begun researching it. Now academics can play an important role in developing blockchain technology, he said. “Blockchain was discovered and developed by practitioners who focus on the short-term business applications, but academics have the luxury of thinking more long term,” he said. Bringing together academics from multiple disciplines can help develop new ways of thinking about blockchain technology, Fracassi said. And because many people singing the praises of blockchain are invested in it succeeding, academics can bring more objectivity to the research, he said. “We can treat it as a scientific experiment and figure out if it’s a good technology or not,” he said. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#9: CSAIL @ MIT https://cap.csail.mit.edu/index.php/members/initiatives/fintechcsail (Ripple mentioned as one of the initiative members at the end of this site) FinTech@CSAIL brings together industry, thought leaders, innovators, academics, disruptive technology development, and startup companies that are reinventing global financial services. Through FINTECH@CSAIL, we work closely with industry partners in leveraging innovation from cutting edge research to develop the next generation of impactful technologies that will open up new business models, broaden access, gain new data insights, and improve security. Our research will focus on several key areas across CSAIL: Advanced Data Analytics Artificial Intelligence Cybersecurity/Secure Computation Financial Policy Machine Learning/Pattern Recognition Natural Language Processing (NLP)/Speech Recognition/Conversational Engines Privacy/Anonymity Replacement Technologies and Legacy Systems Risk Management Robotics Trusted Shared Public Ledger Systems This breadth of research uniquely positions CSAIL to address a wide variety of challenges in the space. FinTech@CSAIL will include the world-class faculty of MIT CSAIL, who have pioneered the fields of secure computation, machine learning, artificial intelligence, data analytics, and risk management. The goal is to advance the state-of-the-art in collaboration with select industry partners to address the hardest problems facing the finance industry today. http://web.mit.edu/webcast/csail/fintech/ (July 2018) 10:30am Fintech@CSAIL Members Talks, Ripple – Evan "ALL THE MONEY" Schwartz, Engineer (the video seems to be removed on this site but @BankXRP got us covered, so here you go folks https://www.youtube.com/watch?v=Wt-9ZQtyIec) https://cap.csail.mit.edu/index.php/members/jobs CSAIL Alliance members may post full-time, part-time, or internship positions available to CSAIL students I don’t see anything related to Ripple (maybe the position is already filled in by now, only open positions are shown) but it’s nice to see what “others” like CitiGroup are looking for when recruiting ;). I would encourage Ripple to do their next “ON CAMPUS” series here! Why? Because MIT rocks and because there’s actually very little info regarding the UBRI initiative @ MIT site. No announcement on their website, nothing major when searching for ripple or ubri. “FinTech” search term finally revealed something. It’s like there’s some kind of secrecy about all this. You really have to dig deep to find anything on MIT and CSAIL website…Team Ripple, are you listening? Off we go to MIT, not even asking, just telling you! https://www.ripple.com/insights/ripple-introduces-the-university-blockchain-research-initiative/ As part of UBRI, Ripple is also participating in MIT Computer Science and Artificial Intelligence Lab’s new FinTech initiative made up of a nearly a dozen companies across the financial services industry to work with groups of CSAIL’s 116+ researchers on topics like blockchain, cryptocurrencies, cybersecurity and global payments. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#10: CITP at Princeton University https://citp.princeton.edu/citp-joins-ripples-university-research-collaboration-to-accelerate-innovation-in-blockchain-cryptocurrency/ ….commitment from Ripple to support research and fund graduate fellowships, postdoctoral fellows and visiting scholars. In addition to financial resources, Ripple has also committed to collaborating with university partners by providing strategic guidance and technical resources as needed. CITP and Ripple anticipate that, in keeping with CITP’s interdisciplinary nature, this initiative will engage students and faculty from a wide range of academic fields and backgrounds to produce interesting research and technical developments. In addition, the company and CITP hope the increase in knowledge sharing through this collaboration will fuel innovation and deepen understanding of blockchain and cryptocurrency technologies and their uses in the real world. https://citp.princeton.edu/publications/cryptocurrencies/ Just to give you an idea what they were/are researching… https://www.ripple.com/insights/ripple-introduces-the-university-blockchain-research-initiative/ For example, as the regulatory conversation continues to evolve in the public sector, the Center for Information Technology Policy (CITP) at Princeton University is creating an UBRI program that will study the policy impact of cryptocurrencies and blockchain in the U.S. and around the world. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#11: The University of North Carolina at Chapel Hill / Kenan-Flagler Business School https://college.unc.edu/2018/06/blockchain/ and https://www.kenan-flagler.unc.edu/news/unc-kenan-flagler-selected-to-be-part-of-50-million-blockchain-research-initiative-by-ripple/ “UNC Kenan-Flagler and the Kenan Institute are uniquely qualified to be part of this global initiative,” said Greg Brown, professor of finance and director of the Frank Hawkins Kenan Institute of Private Enterprise at UNC Kenan-Flagler. Brown will co-lead the initiative with Ghysels. “Our research focus has always been around real-use cases that result in clear benefits to businesses and society, particularly with respect to cutting-edge technologies. This partnership with Ripple to discover useful applications of blockchain and cryptocurrencies is a logical extension of our efforts.” The UNC professors ( Greg Brown (https://www.kenan-flagler.unc.edu/faculty/directory/gregory-brown/) and Eric Ghysels (http://eghysels.web.unc.edu/) will continue to build a comprehensive program focusing on the role of new technologies, specifically blockchain, cryptocurrency and cybersecurity, to transform finance and economics, computer science and related fields. By doing so, UNC Kenan-Flagler will help prepare the next generation of business leaders, entrepreneurs, computer scientists and other professionals who will develop and apply the technologies and business practices. https://www.kenan-flagler.unc.edu/recruiters-companies/ The school will utilize this support from Ripple for curriculum development, research and project-based work, as well as entrepreneurship-related topics. The UNC Kenan-Flagler Kenan Institute for Private Enterprise also recently launched Rethinc Labs (https://kenaninstitute.unc.edu/rethinc/) in conjunction with these efforts. Rethinc Labs will focus on the strategic implementation of machine learning to real-world business needs. https://kenaninstitute.unc.edu/rethinc/ml/index.php/fintech/ (team ripple/binance was visiting…) 24 January 2019, Catherine Coley (hello Binance, when gateway ;)?), Head of XRP Institutional Liquidity, Ripple (https://www.kenaninstitute.unc.edu/blog/index.php/future-of-fintech-symposium-tackles-blockchain-cryptocurrency/) ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#12: The University of Pennsylvania PENN/ Wharton School + Penn engineering https://penntoday.upenn.edu/news/cryptocurrency-collaboration The two schools (https://www.seas.upenn.edu/ and https://www.wharton.upenn.edu/) have launched The Ripple Project at Penn, funded by Ripple, the blockchain-based global payment company. Ripple will finance a fellowship and research projects as part of its University Blockchain Research Initiative, which harnesses the education, research, and innovative tools that universities offer and apply them to blockchain technology and applications. With a newly established Wharton-Engineering dual-degree program, the Ripple Fellowship will support select MBA-MS candidates to work on blockchain or cryptocurrency projects. “Blockchain is a major point of intersection between business and engineering,” says Kevin Werbach, associate professor of legal studies and business ethics at Wharton. “We plan to research a broad range of topics in in this field, ranging from privacy to smart contract design to regulatory questions to creating trust in decentralized environments.” https://mba.wharton.upenn.edu/wharton-engineering-dual-degree-program/ The Ripple Fellowship: this term gift was established to support students in the Wharton/Engineering dual-degree program, with a preference given to those interested in block-chain and cryptocurrency and special consideration given to women and underrepresented minorities. This fellowship is available to up to four students per year. https://www.ripple.com/insights/author-kevin-werbach-previews-new-book-the-blockchain-and-the-new-architecture-of-trust/ Team Ripple: Tell us more about your work at Wharton, one of the schools participating in Ripple’s University Blockchain Research Initiative (UBRI). How has your role as a professor informed your work as an author? Werbach: I study how technology impacts business, law, and society. Most professors focus on a narrow area, but I’ve always had an interdisciplinary interest in emerging trends. So I’ve done research (and built courses) on Internet and telecommunications policy, gamification, law and ethics of big data, and now blockchain. I view teaching as a form of learning, and vice-versa. It takes discipline to synthesize a new area, identify the important parts, and develop frameworks to convey them. You’re basically creating a field out of a collection of data points. So, researching blockchain and cryptocurrencies for my academic writing, developing The Blockchain and the New Architecture of Trust, and creating courses were all part of the same process. Team Ripple: What interests your students about blockchain and digital asset technology? Werbach: I teach undergraduate and MBA business students, as well as some students from elsewhere in the university (such as engineers). Many are interested in gaining job skills that will provide a competitive advantage in building their careers. Some have backgrounds in specific areas like finance or healthcare, where they can see opportunities for blockchain-based solutions. Some have been trading cryptocurrencies for investment purposes, and want to see the bigger picture. Many are just curious about an area they read about a lot in the media but don’t fully understand. They want to dig in and learn what’s real in the space. https://giving.wharton.upenn.edu/penn-launches-strategic-collaboration-with-ripple-to-accelerate-innovation-in-blockchain-and-cryptocurrency/ Ripple’s financial donation to the University will support cross-disciplinary faculty research, financial aid for graduate students, and a broad range of educational programs. The Ripple Project will enable faculty research at both Wharton and Penn Engineering to unlock the full potential of blockchain to inform the creation of truly valuable solutions in the marketplace. “Here at Penn, there is tremendous excitement and initiative around blockchain among faculty and students,” said Vijay Kumar, the Nemirovsky Family Dean of the School of Engineering and Applied Science. “By collaborating with Ripple, we will answer crucial questions about blockchain’s capabilities, applications, and security, and we will develop a deeper understanding of the many emerging protocols built over blockchain. This level of knowledge is key to the technology’s future success.” “Blockchain represents the fusion of technology and finance spanning schools and disciplines well beyond Wharton” said Geoffrey Garrett, Dean of the Wharton School. “The Ripple Project will transform the way our students and faculty look at blockchain and its potential to change the world. We are thrilled to welcome Ripple’s collaboration as we prepare future leaders who will shape the future of how this dynamic technology is developed to transform fields as diverse as finance, logistics, and healthcare.” To harness the initiative of students, the insights of new research, and the power of the Penn network in this field, the Ripple Project will also provide learning opportunities both inside and outside of the classroom. Ripple will support student-organized events, such as the Penn Blockchain Conference which brings together the Penn and Philadelphia blockchain communities; the development of new curricular offerings that bridge business and technology; and events, workshops, and lectures that promote engagement between industry, students, and faculty. Team Ripple @ PENN… https://twitter.com/Ripple/status/1081305279638040576 (Ripple’s Craig DeWitt, January 2019). https://mackinstitute.wharton.upenn.edu/2018/ripple-asheesh-birla/ (podcast, August 2018) http://pennblockchain.com/conference-2019 ; April 2019, Marjan Delatinne, Global Head of Banking, Ripple https://www.ripple.com/insights/ripple-introduces-the-university-blockchain-research-initiative/ At The University of Pennsylvania, UBRI is supporting select MBA-MS candidates each year in a newly established Wharton-Engineering dual-degree program. This funding aims to prioritize students working on blockchain or cryptocurrency. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#13: University College London (UCL) https://www.ucl.ac.uk/campaign/news/2018/jun/ucl-partners-ripple-accelerate-innovation-blockchain-cryptocurrency Research will focus on three main streams including: technological innovation of distributed ledger technologies, business applications and socio-economic risks, legal and regulatory implications of distributed ledger technologies. UCL is the only UK university involved in the program of 12 institutions including MIT, Princeton and Berkeley. Established in 2016, UCL CBT (http://blockchain.cs.ucl.ac.uk/) is the largest centre on blockchain technologies in the world which counts more than one hundred research associates. http://blockchain.cs.ucl.ac.uk/industry-engagement/ (Ripple is their strategic partner) UCL CBT is a multilateral innovation platform, designed around industry and policymakers’ needs. Our academic expertise allows us to produce cutting-edge Blockchain solutions for industry, start-ups and regulators across a variety of sectors. Key services include project-based consulting, extensive database sharing and training programs for professionals. https://electiconsulting.com/fintech-summer-school-limassol-cyprus/ FinTech Summer School brings the world-renowned expertise of the UCL Centre for Blockchain Technologies (UCL CBT), together with Electi Academy to present some of the the foremost thinkers in FinTech technologies to equip you with the INSIGHT, NETWORK and the TOOLs to guide your organisation on how to deal with disruptive emergent technologies. This course is designed to provide you with a framework for evaluating blockchains, both through use of technology and business applications and from a legal and regulatory perspective. Day 1 (Blockchain/DLTs and FinTech Applications): Learn from the experts regarding different DLT frameworks (Bitcoin, Ethereum, Corda, Hyperledger Fabric, Ripple, Stellar), low-level architecture of a Blockchain and its cryptographic related parts and discuss legal and regulatory aspects and challenges behind Blockchain, DLTs and Smart-Contracts. In addition, discuss how to use tokenisation as an alternative method for financing and discuss different methods of crowdfunding such as ICO, IEO, STO etc. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#14: University of Luxembourg https://www.luxembourgforfinance.com/news/ripple-partners-with-university-of-luxembourg-for-blockchain-research-initiative/ will determine their own research topics and priority areas of focus, while also partnering with Ripple to: Collaborate on research and technical development that will stimulate widespread understanding and innovation in blockchain. Create new curriculum to meet high student demand for learning about blockchain, cryptocurrency and other FinTech topics. Stimulate ideas and dialogue among students, faculty, technologists and business leaders on topics of shared interest. In Europe, the University of Luxembourg and Delft University of Technology in the Netherlands are building a new blockchain research program inside their Departments of Computer Science and Engineering with the help of UBRI. https://wwwen.uni.lu/university/news/latest_news/university_joins_ripple_blockchain_research_on_micropayments (April 2019, a gold mine of info) Ripple’s donation will support research to develop the network communications necessary for micropayments, which promise to change the way we consume content on the Internet. “Users currently pay for web content either through subscriptions or with their data, through exposure to advertising,” says Prof. Radu State, who is leading the research at the University’s Interdisciplinary Centre for Security Reliability and Trust (SnT) (https://wwwen.uni.lu/snt). “There’s currently no cost effective, practical way for people to pay per second to listen to music, access quality journalism or watch a film. But micropayments will allow us to pay as we consume, using tiny fractions of a cent that don’t impact our budget.” Prof. State and his team intend to make such micropayments a reality through Interledger, an open suite of protocols for sending money directly over the Internet, regardless of currency. Interledger uses a network of “connectors” – each making exchanges in at least two crypto or fiat currencies – to allow people to route money seamlessly across the Internet and across financial barriers. For the money to find the cheapest route from source to destination, however, thousands of connectors will need to exchange continuous information about their exchange fees and liquidity. One of SnT’s contributions will be to define how connectors exchange this information dynamically, allowing millions of payments per second to take the cheapest route through the network. “Connectors will make money by playing on exchange rates, and since cryptocurrencies are highly volatile we need to ensure that the network copes with this inherent instability,” says State. The possibility of sending money as easily as we send data has major implications for the way we pay for content on the Internet. “With the Internet, we send data to one another regardless of whether we are on wifi, broadband or DSL,” says Jean-Louis Schiltz, Honorary Professor at SnT. “With the support of Ripple, SnT’s aim is to put the network communications in place to achieve the same thing with money, whether we work in euros, dollars or one of the hundreds of cryptocurrencies.” Pierre Gramegna, Luxembourg’s Minister of Finance, comments: “In a world in which an ever increasing share of content consumption takes place online, SnT’s project on micropayments, based on Ripple’s Interledger technology, has the potential to significantly improve the way users pay for digital and online content. With the SnT celebrating its 10 year anniversary this year, this new project is yet more proof of the interdisciplinary centre’s important role in Luxembourg’s innovation ecosystem, including in the area of financial services.” “The team at the University of Luxembourg is working on core research topics, such as optimising Interledger routing and the design of Interledger connectors, to enable individuals to send payments over the Internet,“ said Evan Swartz, Co-Inventor of the Interledger Protocol and Lead Engineer at Xpring. “They have a unique combination of experience in traditional computer networking and blockchain technologies, and I’m excited to get more networking experts to work on Interledger.” “We are honored to partner with the University of Luxembourg as they are working to make micropayments a reality,” said Eric van Miltenburg, SVP of Global Operations at Ripple. https://wwwen.uni.lu/snt/partnership_program (Ripple = research partner) SnT is committed to fostering the production of innovative ideas, increasing the depth and breadth of the competence of, and facilitating research in collaboration with, established partners as well as new start-ups in the ICT industry. Through the partnership program, partners contribute to and influence the development of SnT at all levels. The partners have representation on the SnT Board where the centre's strategy is developed. The Industrial Advisory Board supports the strategy and operations of SnT. Research is conducted jointly in partnered projects where SnT and partners contribute know-how and resources to achieve common goals. The partnership program also allows research activity to be leveraged with public research funding through the European Framework programmes, European Space Agency, and the National Research Funding Agency (FNR). Industrial PhD student projects are an attractive form of collaboration with SnT. Together with a partner, a PhD student project is defined (3+1 years duration) which is of interest to the partner and scientifically appropriate for a thesis. Together, a suitable student is recruited and the project is often carried out both at the partner premises and at SnT. https://wwwen.uni.lu/snt/research/cryptolux CryptoLUX is a cryptology research group headed by Prof. Alex Biryukov (https://cryptolux.org/index.php/Alex_Biryukov). The CryptoLUX group forms part of the Laboratory of Algorithmics, Cryptology and Security (LACS) (http://lacs.uni.lu/). The mission of the CryptoLUX group is to define, conduct, and disseminate leading-edge research in cryptology (and closely related fields), and to pass the knowledge gained from research on to students and industry partners. CryptoLUX is one of the few academic research teams worldwide that possesses expertise across the full spectrum of cryptology, ranging from theoretical foundations to implementation aspects and applications. Our mission and objectives are devised in accordance with the three main goals of the University of Luxembourg, which are teaching, research and knowledge transfer at the highest international level. Members of CryptoLUX collaborate with top research groups around the world and participate in activities of ECRYPT (http://www.ecrypt.eu.org/), the European network of excellence in cryptology. Our current research projects cover a wide variety of topics including algorithm design (block ciphers, hash functions, etc.), cryptanalysis, communication security and anonymity, efficient implementations, side-channel attacks, and reverse engineering. Emerging information and communication technologies, such as cloud computing or the Internet of things, pose a number of unique challenges related to the design and implementation of cryptographic primitives, which has initiated a large of body of research in these areas. Nonetheless, the number of cryptanalytic attacks (both traditional ones as well as side-channel attacks) is steadily increasing, and many of these attacks have led to devastating security breaches with fatal consequences. We envision CryptoLUX to be in the forefront of an international research community that tackles these challenges and develops innovative solutions for complex security problems based on a solid cryptographic foundation. To achieve this, we strive for a greater understanding of how cryptosystems get broken (or otherwise fail) in the real world, how they can be designed and implemented to better resist attacks, and how they should be used to build secure systems and networks. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#15: University of Nicosia (UNIC) in Cyprus https://www.unic.ac.cy/ripple-and-university-of-nicosia-enter-into-multi-year-agreement-to-support-blockchain-research/ Ripple will be supporting three specific initiatives at UNIC: (1) Joining as founding corporate member of UNIC’s Institute For the Future (IFF) (https://www.unic.ac.cy/iff/), to support its groundbreaking work in blockchain technologies and cryptocurrencies; (2) Funding the Ripple Graduate Fellowship at UNIC, to fund two new post-doc positions for the next three years, and; (3) Funding the Ripple Scholar Scheme at UNIC, offering an annual full scholarship for UNIC’s MSc in Digital Currency for the next five years. “UNIC has been at the forefront of teaching and research in the fields of cryptocurrency and blockchain since 2013, with a number of firsts in academia”, remarked Antonis Polemitis, CEO of the University of Nicosia. UNIC was the first university in the world to develop a cryptocurrency course (a MOOC followed by nearly 30,000 students to-date), as well as a full academic programme in the field (MSc in Digital Currencies). UNIC was also the first university in the world to publish academic certificates and diplomas to the blockchain, while it boasts one of the largest teams in academia working on blockchain and cryptocurrency research, development and teaching. The UNIC-Ripple agreement will be effective as of the academic year 2018-2019. https://twitter.com/nbougalis/status/1003701980244480000 Ripple's Nik Bougalis seemed excited on twitter (Cyprus roots?) https://twitter.com/MScDigital/status/1069539358250856449 On 27/11/18 the @Uni_of_Nicosia became the first university in Cyprus & the Mediterranean region to be added to Ripple's XRP ledger ecosystem under the trusted Unique Node List(UNL). This is another milestone that the University achieves as a contributor to the rise of Blockchain. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#16: Indian Institute of Technology Bombay (IIT) https://www.ripple.com/insights/on-campus-iit-bombay-blockchain-applications/ (nice article!) Professor R.K. Shyamasundar says the study of blockchain will help nurture a coming generation of entrepreneurs comfortable with building applications at scale and across industries. As part of our discussion on IIT Bombay and its participation in Ripple’s University Blockchain Research Initiative (UBRI), he gave us a peek into the university’s work with a Ripple validator, blockchain related programs already underway on campus, and explained why the study of blockchain is so important to the future of business and daily life in the region. He believes that this will eventually result in a broad spectrum of blockchain applications that can govern several aspects of society with transparency, provenance and integrity. But in order for these applications to have real-world utility and acceptance, he says they must feature high levels of scalability and performance. He sees his job at IIT Bombay as instructing the coming generation of entrepreneurs on how to build these applications, and how to apply those aspects of scale and performance into new and broader distributed ledger applications beyond fintech. He believes a blockchain education centered around hands-on exposure to the technology will produce new research opportunities and innovative new applications. .... way to better integrate the study of blockchain across disciplines, provide students with exposure to live projects like running a validator and more effectively train the next generation of blockchain entrepreneurs. he cited the university’s Centre of Excellence. It serves as a natural home for UBRI at IIT Bombay because it’s already an inter-disciplinary arrangement bringing together faculty and curriculum from the schools of Management, Electrical Engineering, Computer Science and Engineering. He said also that the Centres for Economic Policy and the Centre for Alternative Technologies for Rural Applications have begun to show interest in using UBRI to explore blockchain for their own specific use cases. In February, they hosted 200 participants from academia, industry and government for a workshop on Blockchain, distributed ledger technologies and related applications. this workshop and others like it are an output of an active cybersecurity student club that meets regularly and is fond of having undergrads challenge seniors on their research and findings in order to promote group learning. IIT Bombay operates their own XRP validator on campus. He says this is an effective way to expose the students to blockchain principals in practice and show them the design behind Ripple’s consensus algorithm. In total, there are 11 people—from both the faculty and student communities—working on the validator. Live for the past three months, Professor Shyamasundar said it has produced an enormous amount of data that is warehoused and currently being used to set up a full-history server at the university. He mentioned that some of his students have been inspired by the sheer amount of resulting data to develop new projects by applying artificial intelligence (AI) or machine learning. Further, he thinks the data generated from this validator can lead in several new research directions, such as the privacy of transactions, AI or machine learning-based predictions about the XRP Ledger, and applications in healthcare or land management. He even mentioned that three undergraduate students are actively working in these areas. For Ripple specifically, he is interested to learn whether it’s possible to predict “trust paths” for transaction initiators and whether it’s possible under concurrent operations to scale up without deadlocking. He also said his work aims to achieve privacy by appropriate scheduling, wherein AI and machine learning techniques help identify a set of timed transactions that deplete some of the nodes on the path for a target. Beyond the many blockchain-related projects already underway at IIT Bombay, Professor Shyamasundar mentioned a near-term effort to explore the capabilities of digital asset transfer using XRP. In the longer-term, he would like to cement UBRI-funded research capabilities as critical for local fintech and government partners. He understands that the world is becoming more interdependent, with global workflows and supply chains creating an opening for distributed ledger technologies to be utilized for time and process improvements. By creating partnerships with private and government entities, he hopes to build a natural path for IIT Bombay students to become entrepreneurs. This use of data and research at IIT Bombay as preparation for the real world is timely for Professors Shyamasundar. He sees the proliferation of information systems in our daily lives, augmented by the use of mobile devices, as creating an enormous data ecosystem that can be monetized in new ways and lead to entirely new business models. But he also worries this intrusive data gathering and the race to monetize it is making people very anxious and skeptical of the cost versus benefit of sharing their own data. He believes that blockchain can help balance the scales and bring some symmetry to the collection and use of data. He sees this requiring blockchain variants far beyond today’s cryptocurrency applications that are custom-tailored to the task. http://iitb.ac.in/story/iit-b-partners-ripple The MoU was signed by Prof. Devang V. Khakhar, Director, IIT Bombay and Mr. Navin Gupta, Managing Director, Ripple. Speaking about the relevance of the association, Prof. Khakhar, said, “This is a partnership between a financial technology company and an academic institution, to promote greater understanding and utilization of blockchain, cryptocurrency, cryptography and related topics of mutual interest, and to foster a widespread adoption and innovation in these fields globally. The partnership will enable our faculty and students with novel opportunities for research and technology development in blockchain and cryptocurrency which will add value to the global blockchain ecosystem as well as emerging fields like FinTech. We look forward to the fruits of the collaboration in terms of the advancement of high quality research and development”. http://www.iitb.ac.in/alumni/en/newsletter-article/2018-11/center-excellence-blockchain-technologies As of now, the following faculty will be driving the R & D Efforts: Prof RK Shyamasundar ( CSE), Prof. G. Siva Kumar (CSE), Prof. Manoj Prabhakaran (CSE), Prof. Virendra Singh ( EE), Prof. Sarthak Gaurav (SJSOM), Prof. Vinay Riberio (CSE), and Dr. Vishwas Patil (CSE). Some of the topics of interest of the faculty include: theoretical foundations on scalability & performance tradeoffs, concurrent operations, permissioned ledgers and DLTs., robust smart contracts, security, privacy, anonymity, Crypto-currency &crypto-assets, DLT applications to land management, healthcare, IoT security etc. Interactions with the Ripple is going in establishing a Ripple Validator at IIT Bombay. Efforts are on to get excellent PhD students, interns and establish concrete interactions with FinTech efforts in India as well as institutions working on payment sytems and banking technologies. A workshop (https://isrdc.iitb.ac.in/blockchain/workshops/2019-iitb/) on applications of DLTs is planned for 4-5 Feb 2019 at IIT Bombay followed by a one day meeting at IDRBT, Hyderabad, for which participation from CSIRO (a leading Institute from Australia working on applications of Blockchain) has been confirmed. We expect participation from academia and industry for this workshop. https://isrdc.iitb.ac.in/blockchain/coe (Center of Excellence for Blockchain Research) The Center of Excellence for Blockchain Technologies at IIT-Bombay is established in collaboration with Ripple. The collaboration of IIT Bombay with Ripple provides us with novel opportunities enabling the testing and deployment of applications, and deliberation on future of finance. Broadly, it has the following synergy between ISRDC and Ripple: Create an excellent scientific, industrial, and innovative business climate in a very topical area of national and international significance. Attract students to do research in the frontier areas with practical applications. Cultivate an ecosystem of R&D in FinTech at IIT Bombay and provide a good attraction for industry and business houses to the Research Park at IIT Bombay. Enable concrete networking with the top institutions (like Stanford, MIT, et al), where other CoEs with Ripple's collaboration are established. Synergizing the on-campus expertise on blockchain technologies from the Departments of CSE, EE, and the SJM School of Management. The center maintains a validator node on Ripple Network. https://www.insightiitb.org/ripple-in-the-works/ https://isrdc.iitb.ac.in/blockchain/coe/areas.html Crypto-currency, crypto-assets Smart contracts testing, verification Consensus protocols Permissioned ledgers, DLTs Theoretical results Applications and case studies Security, privacy, anonymity Scalability, efficiency trade-offs https://isrdc.iitb.ac.in/blockchain/coe/openings.html Applications for TWO PhD Fellowships, instituted under the BCoE at IIT Bombay, are sought for research in areas like foundations of distributed systems, scalability of distributed ledger applications, cryptocurrencies, as well as various challenging applications in banking, healthcare, transport, etc. Prospective PhD candidates should have a strong background in Computer Science (a master or bachelor); and interest in at least one of the following areas: security & privacy applied cryptography distributed systems economics ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#17: International Institute of Information Technology (IIIT) Hyderabad https://www.devdiscourse.com/article/agency-wire/11176-iiit-hyderabad-to-partner-ripples-university-blockchain-research-initiative International Institute of Information Technology (IIIT-Hyderabad) is one of two from India . Prof P J Narayanan, Director, IIIT-Hyderabad said, "It's gratifying to see IIIT-H's research work being recognized through the UBRI, alongside some of the best universities in the world. We have always valued theoretical and applied research as well as industry connect from the very beginning. This program enables both and we are looking forward to contributing to the blockchain area." The International Institute of Information Technology, Hyderabad (IIIT-H) is an autonomous research university founded in 1998 that focuses on the core areas of Information Technology, such as Computer Science, Electronics and Communications, and their applications in other domains through inter-disciplinary research with great social impact. Some of its research domains include Visual Information Technologies, Human Language Technologies, Data Engineering, VLSI and Embedded Systems, Computer Architecture, Wireless Communications, Algorithms and Information Security, Robotics, Building Science, Earthquake Engineering, Computational Natural Sciences and Bioinformatics, IT in Agriculture and e-Governance. Not much to be found, looks like another good candidate for the "on campus" series to follow up on. I'm assuming that they'll be collaborating with IIT at Bombay... ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#18: Carnegie Mellon University https://www.cmu.edu/news/stories/archives/2019/march/ripple-blockchain-partnership.html (March 2019) "This partnership with Ripple will take full advantage of CMU's culture of interdisciplinary innovation and our university-wide focus on issues at the intersection of technology and policy," said Ramayya Krishnan, dean of the Heinz College of Information Systems and Public Policy The new program will help train and shape the next generation of business, public sector and nonprofit leaders; computer scientists; entrepreneurs; and other professionals to develop and apply these technologies and business practices for current and future use. The interdisciplinary work done by CMU on this initiative will leverage the expertise of CyLab, Carnegie Mellon's Security and Privacy Institute. (https://www.cylab.cmu.edu/) "The work that comes from this partnership will advance learning, pioneer innovation and catalyze thought leadership on blockchain, cryptocurrency, cybersecurity and other critical areas," said Param Singh, Carnegie Bosch Chair, Director of PNC Center for Financial Services Innovation and associate professor of business technologies at CMU. In addition to pursuing groundbreaking research and technical innovation, several partners will be hosting events to discuss topics ranging from blockchain to cryptography and cybersecurity to regulatory issues. Ripple's thrilled to support and participate in these vital conferences and workshops." ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#19: Cornell Computer and Information Science (CIS) https://cis.cornell.edu/cis-partners-ripple-accelerate-innovation-blockchain-and-cryptocurrency Cornell CS Professor Andrew Myers, the faculty member supervising the project, said: “We are delighted to have the support of Ripple and the Silicon Valley Community Foundation for our work on developing a new framework for high-performance, interoperable blockchains.” UBRI#20: Duke University / Fuqua School of Business Nothing relevant and thus "on campus" candidate to check what's going on there...The only thing that I have to say is "Fuqua". Pronounce it as you wish. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#21: University of Kansas , School of Engineering (Brad Garlinghouse favorite UBRI :-)) http://news.ku.edu/2019/02/07/tech-firm-ripple-supports-blockchain-research-ku-2m-gift A $2 million gift, which will provide $400,000 a year for five years, will support research in the Information & Telecommunication Technology Center at the KU School of Engineering. KU will determine its own research topics and areas of focus. Ripple also will collaborate with students and faculty at KU by providing subject matter expertise and technical resources, as needed. “It’s a win all around: Students can do research and get practical application experience in blockchain, which is valuable technology training that everyone, including Ripple, wants to see, Ripple gift also will support the KU Blockchain Institute, a student-led organization that promotes the implications and applications of blockchain technology across the professional fields of engineering, business development and policymaking. https://www.ripple.com/insights/on-campus-university-of-kansas-emphasizes-interdisciplinary-blockchain-study-for-budding-entrepreneurs/ Across multiple conversations with Professor Perry Alexander, we explored the university’s deployment of a XRP Ledger validator, its cybersecurity-related research into blockchain with the NSA, and unique interdisciplinary projects in biodiversity and visual arts—all as part of Alexander’s hope to create the next generation of entrepreneurs. Professor Alexander fundamentally believes that the study of blockchain and other new technologies is the foundation to building the entrepreneurs and workforce of tomorrow. He observed that industries advance in new technologies as they hire workers that have studied these technologies more extensively and are more familiar with how to apply and manage them. That’s why he believes ubiquitous commercial applications for blockchain are still a generation of startups away. Current and future students need time to explore and manipulate blockchain—especially in the context of interdisciplinary study—so they are better attuned to how they can more widely commercialize the technology. He was adamant that while blockchain is a fascinating technology on its own, it requires people from across the vast spectrum of academia to make it effective. He pointed to his department’s own cybersecurity work as an example. It’s well known that one of the core security flaws in most systems is not technological but rather social in nature: consider the employee who misplaces a badge or password versus a deficiency in technology. One of the reasons Professor Alexander is so excited about the prospects for UBRI and why it has gained momentum so quickly at KU is because the university was already engaged in blockchain projects. He pointed to the business school’s student-run Blockchain Initiative as an example. (https://kublockchain.com/) Prior to the UBRI grant, Professor Alexander had also been working with his team to set up a XRP Ledger validator. As a NSA Lablet and research partner, his team wanted to set up the validator on campus to better understand the technology. He was particularly excited about using blockchain in this context because of its potential to move the responsibility for cyber security from the state to the community. In his words: “That’s a big deal.” As part of UBRI, KU intends to pursue more cybersecurity-related work with the NSA. If that happens, he envisions giving students and other faculty even more hands-on experience with the validator. He believes that blockchain has a lot to offer when it comes to identity and network resiliency—both fundamental components of cybersecurity. Ultimately, he imagines blockchain being a critical part of aggregated trust approaches that can more effectively manage the enormous scope of devices involved in the Internet of Things. Ripple and UBRI—he termed a “game changer” for KU. He hopes to use the grant to expose more students to the technology in novel ways. He says students are the best tech transfer mechanism, and that providing them with these opportunities and interactions is the reason a university exists. By showing them what blockchain makes possible, he hopes to influence the next generation to develop the next economy. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#22: Morgan State University https://news.morgan.edu/ripple-partnership/ The funds will underwrite a five-year academic partnership (https://www.morgan.edu/school_of_business_and_management/centers/fintech_center/about_us.html) bringing advanced education and research programs to the University. Through the efforts of the Center for the Study of Blockchain and FinTech Innovation (the Center) at Morgan’s Earl G. Graves School of Business and Management (https://www.morgan.edu/sbm), the University’s UBRI program will encompass the development of specialized curricula, expansion of academic courses, hosting of conferences and awarding of scholarships to faculty and students pursuing work in blockchain, cryptocurrency, digital payments and related topics. The Center will also serve as a funding hub for other Historically Black Colleges and Universities (HBCUs) seeking to develop their own FinTech initiatives. https://www.morgan.edu/fintechcenter ...research projects that address the complex problems of blockchain technology as well as the development of specialized curricula, expansion of academic courses, hosting of conferences and awarding of scholarships to faculty and students pursuing work in blockchain technology, crypto-assets, digital payments, and related topics. The Center offers its programs in research and education to multiple disciplines including business and entrepeneurship; computer science; economics; engineering; information systems; law; and others. The Ripple grant will underwrite a five-year academic partnership bringing advanced education and research programs to the University. Team Ripple (Kahina van Dyke, short video, May 2019) https://www.youtube.com/watch?time_continue=4&v=JmTfkYcuUjk https://www.morgan.edu/school_of_business_and_management/centers/fintech_center/research.html UBRI is interested in the following research topics. (https://www.morgan.edu/Documents/ACADEMICS/SCHOOLS/SBM/FinTech Center/documents/UBRI Research Problems.pdf) This is not a comprehensive list. Click here for a list of Research and Course Development projects funded for the Spring of 2019. (https://www.morgan.edu/Documents/ACADEMICS/SCHOOLS/SBM/FinTech Center/List of projects funded-1.pdf) !!!!!!!!!!!!!VERY INTERESTING, the WHOLE PDF GIVEN BELOW:!!!!!!!!!!!!!!!!!!!!!! (https://www.morgan.edu/Documents/ACADEMICS/SCHOOLS/SBM/FinTech Center/documents/UBRI Research Problems.pdf) The research statements below are a representative sampling of real-world problems that are top of mind for Ripple and the ILP/XRP ledger teams, as well as for the broader community working in blockchain, cryptocurrency and global digital payments. This list of topics is not intended to be prescriptive, but can be used as a resource for universities as they develop their own research strategies within the framework of the University Blockchain Research Initiative and beyond. This list is preliminary; the intent is to use it as a working document that can be modified based on university partner feedback and the introduction of new topics, both by Ripple and by university faculty and students. Consensus Can consensus protocols be built with block finality and asynchronous safety with littIe-0(N2)communication? What are possible attacks on Cobalt/ XRP LCP as described in respective papers? For example: frontrunning; What are possible mitigations? Data Science How would you graph and analyze biockchain transactions using wallet identification, transaction clustering, etc.? Decentralization What are useful ways to measure decentralization? What is the effective decentralization of the major assets in the digital space? Are there novel deanonymizing attacks on anonymity coins? Digital Asset Derivatives Are there any novel derivative structures on digital assets that can leverage cryptography/multiparty agreement protocols? Digital Asset Market Structure What are the best structures to incentivize price discovery and deep liquidity on distributed exchanges, where time-priority is poorly defined? What are ways of measuring the utility of digital assets in the market? How much should crypto-crypto trading volume be weighed compared with crypto-fiat volume? What are the best ways to measure the flow of fiat into and out of the digital asset ecosystem? What factors move or correlate with digital assets? Is the digital market a leading or trailing indicator for other asset classes? Distributed Systems Are there novel attacks on various cryptocurrencies that are cheap but possibly not incentive compatible (i.e., if I'm willing to pay some cost to attack the network, how small would that cost be?)? Given XRP's consensus mechanism, what are the most efficient ways to scale the ledger? Game Theory Are tokens isolated from fiat? Is there an incentive structure for cryptocurrencies that accounts for the fact that tokens aren't isolated from one another? Incentive Structures Evaluate the incentives in emerging blockchain networks (proof of work, Byzantine fault tolerant (XRP),etc.) on a variety of factors including: Network diversity and participation, Security, consolidation of decision making, etc. Infosec / Opsec What assumptions about the adversary are reasonable for blockchain consensus protocols (e.g., how important is safety/liveness under unbounded asynchrony? Is adaptive security really needed for PoS?) Market Liquidity What is the price impact of an order/execution on open order books? How does this evolve as markets become more liquid? Network Analyses- Non-Technical How do adoption curves take place globally (e.g. : December 2017 run-up in cryptocurrencies)? What adoption models make sense for the new digital asset class and where are we in terms of these models? How does Metcalfe¡¦s Law apply to global payment systems/networks? What is the strength of different digital asset ecosystems based on different network analyses? Network Analyses- Technical Given the trajectory of the internet, what network topology should be expected for lnterledger connectors? What can be learned from TCP congestion and flow control strategies for interledger transport protocols like STREAM? What are the implications of sending data over the interledger as a replacement for the internet itself? Could internet SDN controllers be repurposed for interledger? Large scale testing of interledger: How does interledger perform in large scale distributed simulations? How can privacy be preserved while sending micropayments through interledger (e.g. lnterledger VPNsor TOR over ILP)? Regulatory Impact on Digital Assets What is the overall regulatory landscape within the digital asset space and what is their impact on local/global perception of these new technologies? What are the potential downstream impacts (on banking, exchanges, payment companies, etc.) of different regulatory stances of major economies (India, Japan, Brazil, US, etc.)? Software Engineering How would offline payments be implemented for interledger? (Similar to how credit cards do Offline payments) What architecture or tools (FPGAs) could be used to build super-fast interledger connectors? ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#23: Northeastern University https://www.northeastern.edu/ , can't give you anything else unfortunately...Maybe we'll find more what they plan to do here in one of the "on campus" posts from Ripple. Let me know if you can find some more info about UBRI#23. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#24: Tsinghua PBCSF, Institute for Fintech Research, Tsinghua University (THUIFR), China http://fintechlab.pbcsf.tsinghua.edu.cn/english/common/main/newsDetail?id=643 (January 2019) Partnering with Ripple, Institute for Fintech Research, Tsinghua University (THUIFR) recently launched Blockchain Technology Research Scholarship Program (BRSP) for excellent graduate students in China in 2019. Based on the research resources and achievements of THUIFR and supported by Ripple, BRSP will focus on international regulatory policies and the development of blockchain technology. Students who are admitted to the program would be involved in cutting-edge research on global regulations and policies on blockchain technology, and would have opportunities to participate in corporate visits and events. The program’s goal - to provide students with opportunities in blockchain research - closely aligns with that of Ripple’s University Blockchain Research Initiative; we’re thrilled to support THUIFR in this endeavor and look forward to its launch.” About THUIFR: Based on the academic and industrial research achievement accomplished by Fintech Lab since 2012, THUIFR is jointly established by PBC School of Finance, Institute for Interdisciplinary Information Sciences, School of Software and Law School at Tsinghua University in 2017. Aiming to provide world-class research and practical guidance for fintech industry, THUIFR is committed to becoming a leading platform for interdisciplinary research, policy advisory, exchange and cooperation, and innovative incubation to make contributions to build a healthy, stable and sustainable fintech ecosystem in China. http://fintechlab.pbcsf.tsinghua.edu.cn/english/common/main/newsDetail?id=645 (March 2019) Blockchain Technology Research Scholarship Program(BRSP) was successfully launched at Tsinghua PBCSF on March 9. Professors from THUIFR, and the Research Center for Blockchain, THUIFR gave those students who are successfully admitted into BRSP an overview of THUIFR, the Research Center of Blockchain, and the program, and mostly importantly, shared with them their research on blockchain technology. Research Center for Blockchain conducts field research on global blockchain industry, with a focus on industry development, and works very closely with regulatory bodies and the industry. Eric van Miltenburg from Ripple, the partner and sponsor of BRSP, said he was very excited to be here celebrating together with us about the official launch of BRSP. He mentioned THUIFR is the first academic entity in China to join UBRI. Partnering with Ripple, THUIFR recently launched Blockchain Technology Research Scholarship Program (BRSP) for excellent graduate students in China earlier this year. Based on the research resources and achievements of THUIFR and supported by Ripple, BRSP is focusing on international regulatory policies and the development of blockchain technology. I would encourage you to read the news from 2019 (http://fintechlab.pbcsf.tsinghua.edu.cn/english/common/main/news). There are some very interesting articles there (inter-banking, regulations) to see what they plan to do with this newly founded Blockchain Technology Research Scholarship Program. Also take a peak at http://fintechlab.pbcsf.tsinghua.edu.cn/english/common/main/research ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#25: University of Michigan https://news.umich.edu/cryptocurrency-innovation-u-m-to-establish-fintech-collaboratory/ https://record.umich.edu/articles/u-m-establish-fintech-collaboratory-research-cryptocurrency Financial technology research and education at the University of Michigan will get a boost with $1 million from Ripple's University Blockchain Research Initiative. With the funds, U-M will establish the FinTech Collaboratory to build multidisciplinary curricula in the booming area, as well as engineering and business use cases for cryptocurrencies in new applications such as smart cities. The FinTech Collaboratory will be an interdisciplinary forum that includes engineering, business, public policy and economics. The Ripple gift will be housed in the Center for Smart Infrastructure Finance. The collaboratory and the center are interdisciplinary initiatives among the College of Engineering, Ross School of Business, Ford School of Public Policy, and the College of Literature, Science, and the Arts. “The most important thing this funding allows us to do is integrate the engineering and data science with finance and policy to craft financial models to fund infrastructure, developing models to close the infrastructure finance gap,” said Peter Adriaens, director of the Center for Smart Infrastructure Finance and professor of civil and environmental engineering and finance. “These solutions will democratize access to infrastructure and level the playing field between the rich and poor.” The Center for Smart Infrastructure Finance aims to change the way infrastructure is funded by harnessing the value of the data infrastructure is capable of providing. It is advancing new business and investment models for efficient capital deployment toward smart and resilient infrastructure systems. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#26: Univeristy of Sao Paolo (USP), Brasil https://www.ripple.com/insights/featured/ripple-officially-launches-operations-in-brazil/ Ripple’s efforts in Brazil go beyond delivering software solutions to financial institutions. Consistent with its history as a mission-driven company, last year Ripple launched the University Blockchain Research Initiative (UBRI) to support academic research, technical development and innovation in blockchain, cryptocurrency and digital payments. Ripple committed resources to top tier Brazilian universities, including University of São Paulo and Fundação Getulio Vargas. The company is working with over fifteen professors at USP and FGV to help support academic research and technical development across disciplines including law, business and engineering. “Ripple believes that academic institutions will play a key role driving the blockchain industry forward. USP and FGV are innovative, forward-thinking institutions that are investing in blockchain research to explore new use cases and help prepare students for future jobs in this space” https://jornal.usp.br/institucional/usp-e-ripple-fazem-parceria-para-inovacao-em-blockchain/ (google translate suggested unless you know Portuguese) The University will receive funding to promote research projects on blockchain technology concepts and applications and to develop training material, courses and events. USP's Blockchain Research Initiative, supported by Ripple, brings together researchers from different fields of knowledge and research units, such as the Polytechnic School (Poli), the Faculty of Law (FD), the Faculty of Economics, Administration and Accounting (FEA) and the Institute of Mathematics and Statistics (IME), in addition to having the support of the Information Technology Superintendence (STI) ”, explains the advisor of the Dean of Research and one of the project coordinators at USP, Antonio Mauro Saraiva. “We are very excited to develop interdisciplinary studies and strengthen collaboration between these institutes through the UBRI partnership,” added Poli professor and also coordinator of the initiative, Marcos Antonio Simplício. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#27: Georgetown university Not much on https://www.georgetown.edu/ ... Moving on to #28. Again, if you have more info regarding this university, feel free to add it below. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#28: National University of Singapore (NUS Computing) https://www.comp.nus.edu.sg/news/news-media/2888-2019-ripple-ubri/ https://www.cio.com/article/3340128/nus-joins-ripples-university-blockchain-research-initiative.html Though many fintech hubs such as Singapore, Hong Kong, and Australia are located in the Asia Pacific region, our blockchain education initiatives and general curricula surrounding emerging technology tend to lag behind our neighbours of the West,” Associate Professor Keith B Carter of the NUS School of Computing told CIO Asia. Aside from the NUS, other top-ranking institutions in the country, including Nanyang Technological University and Singapore Management University, have launched blockchain-related courses and certifications. To mitigate the country’s tech skills gap, continuing education centres such as NTUC LearningHub have followed suit, offering short-term classes and certifications catering to professionals looking to pivot their careers and enter the tech sector NUS School of Computing is playing both a research and consultative role and actively invite innovative companies to look at new technologies, focusing specifically on how these technologies enable them to solve existing challenges while keeping cybersecurity implications in mind. “Universities are home to knowledge and innovation, playing a pivotal role in shaping tomorrow’s workforce and are natural settings within which the boundaries of technology can be explored. By exposing students to blockchain in its early days better prepares them for a future where its use will be ubiquitous and as educators, we have the responsibility to encourage them to act with innovation and experimentation in mind, Some of the initiatives taking place at NUS School of Computing include a student-led Fintech Society which allows undergraduate and postgraduate students and PhD candidates to get together and look at some of the challenges that companies are experiencing today and how technological innovations such as blockchain can help to solve them. Though nascent, blockchain builds on existing areas of computer science and has been strengthened and developed in universities around the world. For the NUS School of Computing, this culminated in the Cryptocurrency, Strategy, Techniques, and Algorithms Centre (CRYSTAL Centre) while simultaneously supporting projects and protocols such as Zilliqa that have gone on to become some of the industry’s frontrunners. https://blockchain.comp.nus.edu.sg/ and https://www.comp.nus.edu.sg/~dbsystem/paper.html (some of their research (papers) e.g. https://www.comp.nus.edu.sg/~hungdang/papers/sharding.pdf ...) ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#29: Stanford university https://cbr.stanford.edu/ and https://cbr.stanford.edu/research.html (e.g. The Stellar Consensus Protocol (SCP)) Stanford computer scientists have founded the Center for Blockchain Research, an initiative dedicated to researching and understanding a technology that promises to fundamentally change how people and companies make deals and complete financial transactions over the internet. Led by Dan Boneh and David Mazières (kinda like Dave but then for Stellar) , both professors of computer science, the center’s inaugural faculty will also include Alex Aiken, David Dill, John Mitchell, Tim Roughgarden and law school faculty Joe Grundfest. https://www.gsb.stanford.edu/sites/gsb/files/publication-pdf/study-blockchain-impact-moving-beyond-hype.pdf Study made in collaboration with RippleWorks (http://www.rippleworks.org/who-we-are/, I see Chris Larsen as a co-founder...) They like to analyze securities (with fascination for XRP too so it seems) at Stanford Law : http://securities.stanford.edu/filings-documents/1066/RLI00_01/201861_f01c_18CV03286.pdf (stumbled upon this) https://www.gsb.stanford.edu/faculty-research/faculty/voices/susan-athey (just stumbled upon, worth reading) Athey, a professor of economics at Stanford Graduate School of Business, seeks to understand the impact of marketplaces and digital platforms on the economy, touching disparate fields such as timber auctions, virtual currencies, the news media, and online advertising. By marrying machine-learning techniques with statistical tools to analyze large and novel data sets, she helps answer thorny questions about cause and effect. Researching and designing auction-based marketplaces has been a fixture throughout Athey’s career. She, for example, developed the auction-based pricing system that has been used to price most of the timber in British Columbia for more than a decade and that helped resolve a major trade dispute with the U.S. Athey developed a much broader insight from studying timber auctions: “The rules of the game have an obvious short-term effect on how prices get set and how business gets allocated,” Athey says. “But the impact of the market design on who participates is more important.” In other words, how does the design influence the overall mix of small and large bidders in an auction? Understanding that is more valuable than understanding how they behave once they get there, Athey says. Athey serves on the board of a number of companies that operate in a wide range of industries, including travel (Expedia), finance (Ripple), and dog-sitting (Rover). What is it about those companies that piques her interest as an economist? For Ripple — whose mission is to move money instantly, 7 days a week, 24 hours a day, around the world — it’s the opportunity to address the frictions in global financial transactions. “Those frictions are basically a huge tax on the global economy, particularly for parts of the world that are not well-connected,” Athey says. “You have people working all week to remit money home, and then 20% of that money gets burned in the remittance process. Or people are trying to do business from Africa but can’t move money in less than 10 days or two weeks. It’s very regressive and very inefficient. So it’s exciting to be part of a company that has a real chance of making a dent in that problem.” https://twitter.com/Susan_Athey/status/1099762139617669120?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1099762139617669120&ref_url=https%3A%2F%2Fcoingape.com%2Fripple-lead-on-question-student-seeks-clarification-promoting-xrp-over-bitcoin%2F Then a student complained and she responded (a soap opera that I somehow missed at the time...). As you can see I have big expectations for Stanford... ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#30: Kyoto University https://www.ripple.com/insights/ripple-expands-ubri-program-to-japan/ Kyoto University’s Graduate School of Advanced Integrated Studies in Human Survivability is hosting workshops and funding research projects based on interdisciplinary approach — including engineering, business and public policy — in order to address global issues. Currently, several graduate students are researching the application of blockchain technology to remittance by migrant workers, digital identity management for refugees and supply chain management for Kyoto’s traditional industry. As the industry matures, the academic community plays a pivotal in paving the road for innovative companies and entrepreneurs leveraging blockchain technologies and digital assets,” said Eric van Miltenburg, SVP of Global Operations at Ripple. “Expanding the UBRI network across the global to wide range of university partners will only continue to promote and accelerate the development of blockchain technology and use cases.” ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- UBRI#31: The University of Tokyo https://www.ripple.com/insights/ripple-expands-ubri-program-to-japan/ The University of Tokyo’s Department of Economics is arranging open seminars related to blockchain and settlement for the public. In addition, professors within the department are conducting research projects on related topics such as the evolving financial system and frameworks on regulation and supervision of the financial industry’s utilization of crypto assets and blockchains. As part of its commitment to nurturing the future generation of innovators, the University of Tokyo will also award scholarships to students involved in the research. These programs, driven by the university partners, are poised to prepare the next generation of engineers, business leaders, entrepreneurs and other professionals to apply these technologies in practice. As globalization increases, so does the demand for technological solutions and talent to solve the world’s hardest financial problems, especially in core focus regions like Japan. Japan is quickly becoming a leading force in crypto assets and blockchain. The region has always been forward thinking and exploring ways to improve the current financial system. Ripple Insights: https://www.ripple.com/insights/ripple-introduces-the-university-blockchain-research-initiative/ https://www.ripple.com/insights/university-blockchain-research-initiative-expands-global-footprint-with-11-new-partners/ https://www.ripple.com/insights/ripple-expands-ubri-program-to-japan/ https://www.ripple.com/?s=campus https://www.ripple.com/?s=ubri According to Ripple this global initiative now supports 33 university partners. I only found 31 partners. Feel free to add your own material below.
  7. 32 points

    XRP: Limitless Scale

    Blog URL: https://coil.com/p/Hodor/XRP-Limitless-Scale/MfAIXnQiD XRP can scale to unlimited heights. Find out more, along with my breakdown of the latest pivotal news about the US Federal Reserve's decision to build "FedNow:" 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐍𝐞𝐰𝐬: The Federal Reserve decides to 'build their own' with the latest news about a new system called FedNow. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: MoneyGram conducts its quarterly earnings call and discusses their Ripple deal in depth; ChainTalk interviews Tomohiro Yamaguchi; and an XRP fan analyzes Ripple's UBRI initiative. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Coinfield and Omni create XRP Validators in support of their business; CEX, a UK-based platform, adds an XRP-GBP pairing; and DOBI, an innovative Chinese company that specializes in ATMs and 'wearables,' decides to support XRP. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  8. 31 points

    Believe in the Use Case

    Blog URL: https://coil.com/p/Hodor/Believe-in-the-Use-Case/wVlly8kWp 𝐓𝐡𝐞 𝐮𝐬𝐞 𝐜𝐚𝐬𝐞 𝐢𝐬 𝐬𝐭𝐢𝐥𝐥 𝐤𝐢𝐧𝐠, and there is one digital asset positioned for globally-scoped levels of usage and transactions. Learn more, and find out my take on all the latest news affecting XRP in today's blog. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Xpring fund Equilibrium, a company that will make participation in ILP much more easy for stakeholders; Coins.ph releases a video celebrating its RemTech Award and profiling its use of digital assets; Xendpay re-affirms its use of Ripple technology, this time for a Kenya corridor; and FortePlatform makes headlines in a new interview. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Cinnamon formally announces a soft test release of its video streaming platform. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Six independent websites exist where stakeholders can access information about validators on the recommended UNL; @hmatejx announces that he's going to create an automatic tool for tracking xRapid usage; Blockdaemon announces outsourcing service for businesses wanting to run an XRP Validator; and Poloniex adds new stablecoin pairings for XRP. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  9. 27 points
    Hey guys, I just made a small video after the XRP drop from $0.3 to $0.25. I feel you, I wish I could ease your pain, talk sense into you all but only you can take decisions. All is in good motion (speculatively and adoption wise). Take great care <3
  10. 26 points

    SBI VCTrade is live !

    So thanks for posting the Crypto Eri video. She explains the 2020 thing is actually ‘fiscal 2020’ which begins in Mar 2019. ( ie now ) SBIVC will go live 31/7/2019. Ie now. in September there will be promotions that will feature XRP giveaways that Mr Kitao talked prominently about MoneyTap that will be in full swing now and has 33 banks participating and can use XRP for remittances that Ripple are in process of investing in this venture that the MoneyTap enterprise is now under SBI Securities. All of that sounds very promising to me. Why are we so very keen to be the first to bring ‘bad’ news? Which often turns out to be false (as much of the title of this thread was). I don’t know what SBI will do for price in the short term, but I’m certain it’s an important part of the global infrastructure being assembled. Feel free to poo-poo SBI and use blinking memes as much as you like, but be aware that nearly everything said about SBI in a derogatory way has at its base a misunderstanding of the Japanese language or culture. For instance he never said it would go to $10 and certainly not in the blink of an eye.
  11. 26 points

    I'm out.

    Never understood the point of these threads.
  12. 25 points

    Ripple's Q2 XRP Markets Report

    Blog URL: https://coil.com/p/Hodor/Ripple-s-Q2-XRP-Markets-Report/PtwyGPFwt Ripple is altering its reporting 𝐚𝐧𝐝 restricting future sales! Read my analysis of the Q2 XRP Markets Report to learn about this important shift: 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple releases its Q2 XRP Markets Report; David Schwartz adds to his analysis of Libra; A new MoneyGram deal with a South Korean payment processor is announced; Ripple unveils its 'Advisory Board'; and Sagar Sarbhai comments on the importance of interoperability at the 2019 Bangkok FintTech Fair. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: XRP Community developers create tools for monetarily rewarding XRP validator operators; Bithomp adds support for Ellipal; and Binance Singapore confirms its plans to support XRP. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  13. 24 points
    As @Zedy44 says, the big take away is the redirection of institutional buyers to market to buy XRP. VERY IMPORTANT. Firstly (and obviously) this means more buy pressure on the price. Secondly (and maybe over looked) is that Ripple believe now that the market is in a position to support them orders. This now is the part where the organic growth in the XRP market comes in. Your 'Marker Makers' etc step in to meet the demand rather than Ripple. Fantastic news!
  14. 23 points

    I'm out.

    I bought my 50K XRP in May 2017 at $0.322 After waiting for more than two years I sold at the same price today. This XRP is going nowhere as long as no banks are going to use it, Ripple and Jed keep dumping and no other real usecases exists. Traded for BTC today.
  15. 23 points
    It is with great pleasure that I present the results of the XRParcade demographic. I would like to thank everyone that participated. https://www.xrparcade.com/demographic/
  16. 23 points
    As usual... much confusion and some disheartened panic... sigh. I’m cross posting this to answer the 2020 thing:
  17. 23 points

    Bank of America's new patent

    Most people here are in extreme disbelief about everything. But it's quite obvious what's happening, XRP is becoming the standard.
  18. 22 points
    To answer the original question ("How would a global recession affect Ripple's strategy?"), I can offer my personal opinion. To be crystal clear: This is not a statement of what Ripple, the company, will do or is planning on doing. This is not using "insider" knowledge. This is just my own read on the situation from having been closely involved in this space and witnessing the company from up close for a long time. I believe Ripple would, by and large, keep its head down and continue working on the fundamental challenges of the internet of value. Chris Larsen loves to talk about how this is a marathon, not a sprint. Brad Garlinghouse believes the company should tune out the noise and get to work. Many employees at Ripple are doing roughly that today. (Not me; I'm here answering silly questions on a forum. Sorry!) But there are a lot of problems, many of them not easily solved, that people need to work on, from large to small. Scaling is always a challenge, custody is tricky, public transactions aren't for everyone and everything. Regulations are complex. Hiring and onboarding new employees is a lot of work. Even little things like translating error messages so people can more easily build stuff around the world is work that needs to be done. And most of that—regulations probably being the one exception—doesn't change in a recession. Hiring might be easier in a recession. Selling to banks and getting them to build on this stuff might be harder. The market price of XRP, of stocks, whatever else, will fluctuate due to expectations and hype and whatnot. Underneath that, we'd like to improve the fundamentals for the company, the XRP Ledger, and the world as a whole so that money can move faster, benefit more people, enable more types of work that people want to do... Cycles like booms and recessions provide opportunities as long as you keep your cool. And that's what I'm counting on the company to do.
  19. 22 points
    Meh.......This kind of non-sense comes with the territory. That's why you make sure that you are lawyered-up appropriately: Ripple Labs Brings on Former Top SEC Officials to Help Defend Private Securities Lawsuit Former SEC Chair to Represent Ripple in XRP Lawsuit Ripple Hires General Counsel from Lending Giant CIT Group Ripple Welcomes New Board Member Benjamin Lawsky As I've explained in previous posts, every nation-state is trying their damnedest to become the leader of the blockchain/crypto revolution that is unfolding before our very eyes. The US lopsidedly dominated the ‘Age of Information’ and wants a repeat with crypto/blockchain. It makes no ******* sense for the various powers that be, here in the US (i.e. SEC, CFTC, etc.), to undermine the growth potential of one of the Red, White, & Blue’s prized unicorns (Ripple). XRP being classified as a security is extremely and highly unlikely. Better yet, if there was such a profound issue and or concern about XRP being a security, regulators globally would’ve addressed it already, Period!! However, what has really cemented my theory are the highly orchestrated and subtle subliminal messages being pushed out by representatives from the SEC and other regulating bodies. Earlier this year SEC Commissioner, Hester Peirce, offered the following statement: "Yet many of these projects begin in a centralized manner that looks about the same as any other start-up. A group of people get together to build something, and they need to find investors to fund their efforts, so they sell securities, sometimes called tokens. The SEC applies existing securities laws to these securities offerings, which means that they must be conducted in accordance with the securities laws or under an exemption. When the tokens are not being sold as investment contracts, however, they are not securities at all. Tokens sold for use in a functioning network, rather than as investment contracts, fall outside the definition of securities." (Paragraph 14) After reading that one paragraph I immediately thought of Ripple/XRP, particularly the last couple of sentences. Ripple’s has never promoted or sold XRP as “investment contracts.” Also, the UK's Financial Conduct Authority (FCA) has recently come out saying that XRP has been deemed to have “non-security attributes:" "Tokens may have mixed features that may overlap with the above categories, or change over time. For example, Ether can be used as a means of ‘payment’ (exchange token) on the Ethereum platform, and can also be used to run applications (utility token). XRP has similar features." (Page 8) A simple definition of a security is any proof of ownership or debt that has been assigned a value and may be sold. For the holder, a security represents an investment as an owner, creditor or rights to ownership on which the person hopes to gain profit. Examples are stocks, bonds and options- as these prove OWNERSHIP in such-said company/entity. Because XRP is an agnostic utility token used as a bridge-asset for cross-border/domestic payments, owning XRP gives you no rights or ownership in the private company Ripple. Yes, you and I may have purchased XRP via exchanges in hopes that the value will appreciate as more and more banks and FIs begin to utilize xRapid for liquidity, however, this is pure speculation and betting on our part as holders of XRP.
  20. 22 points

    Ripple expands into Chile

  21. 22 points

    Conversation with a whale

    Yes of course, I never left. And yes... I still speak with "WhalePal" and I would even go so far as to say we've become friends. We laugh now at the OP... which I caught some flack for haha.... Funny thing was less than a month after the OP XRP ran from 20 cents to its ATH above $3. Anyway... I was speaking with WhalePal and it reminded me of this thread so I figured I'd come back and remind everyone that this "market manipulation" isn't new.... its been going on for awhile... and those orchestrating it are VERY good at what they do. TBH I don't stay current with all the drama... but I'm seeing similar trends now that I did then. Frustration at XRP's price action, speculation that founders are dumping, etc... I will close this as I started this long ago... You don't know me and I don't know you so please take it all for a grain of salt. But given the current market climate I'd highly suggest y'all HODL because when the downwards pressure ceases....... this thing will fly and rumor is that may be soon
  22. 22 points

    I'm out.

  23. 21 points
  24. 21 points

    Q2 2019 XRP Markets Report

    Q2 2019 XRP Markets Report 24th July 2019 Q1 escrow: 2.30 billion XRP were returned to escrow. Q2 escrow: 2.10 billion returned to escrow. xRapid transactions increased 170% from Q1 to Q2. Ripple had a 30% increase in the number of live xRapid partners in Q2. Ripple decided to pull back from providing XRP over-the-counter at scale toward the end of Q2, in light of the OTC desks’ ability to source institutional demand for XRP in the open markets. Going forward, Ripple plans to focus institutional sales on markets where the on-exchange liquidity for XRP is insufficient to meet institutional demand. https://www.ripple.com/insights/q2-2019-xrp-markets-report/
  25. 20 points
    Blog URL: https://coil.com/p/Hodor/XRP-News-Digital-Asset-s-Inflection-Point/r6VFanS8k XRP is firmly in the spotlight: Learn about the latest high-profile news impacting XRP in today's blog! 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Brad Garlinghouse and Chris Larsen publish a Letter to Congress; Monica Long talks to Bloomberg; Ryan Zagone is appointed to the New York State Digital Currency Taskforce; SBI VC Pro goes live; UBRI gives to Kyoto University & the University of Tokyo 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Coil publishes plans for a 'Coil instance' of Discourse, a forum management tool. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: XRP Productions publishes a new video 'Classic Schwartz, Episode I'; Leonidas Hadjiloizou publishes the results of his demographic survey; An XRP Meetup happens in South Africa; Exonium goes live with an XRP-USDT listing; and Allbit, a decentralized exchange, adds an XRP pairing. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  26. 20 points
  27. 20 points

    Bank of America's new patent

    This patent is really fascinating, as it appears to allow both banks to maintain private sets of currency ledgers, perform the forex behind the scenes using their existing connections, effectively wash the transaction groups, send the distribution lists independently through electronic communication using a GAN, WAN or LAN, and then simultaneously transfer actual net value for the notices through a third party real-time net settlement tool - ILP, which can use a variety of trustless tokens to transfer value, but XRP is the fastest at the moment. From the patent: So the final outcome here, from my reading: No need for banks to own XRP legally - either having value in custody and/or trusting market makers No need to expose their internal transactions and books or wallets on the network This allows banks to effectively create their own digital wallets to account for digital currencies and treat them all as if they were internal accounts - Including security and custody, etc. What is interesting here, is they will probably use their own internal stablecoin currencies to do this. No need for regulatory clarity on this matter to start using it from day one, as the XRP utilized in transferring value across the ILP belongs to the protocol infrastructure, not the banks. The patent effectively internalizes the costs of exchange (but avoids xRapid) and then uses the messaging services of either xCurrent or some other secured communications rail (xCurrent, as I understand it, is NOT a blockchain product - it is a communications product) while simultaneously transferring the value packets (after both sides agree on KYC/AML compliance) via ILP. Which is going to raise some very interesting court cases in the future. When data is transferred across a digital network, who owns the packets that you send? Are you giving license to Comcast or Verizon to pass through your data? Does it belong to you the entire time? Does it belong to the intended recipient? This may not matter a lot while sending information, but with you are sending packets of net worth that are unique and dropped packets means dropped value - who owns that? Who owns the responsibility for transmitting packets of value across the ILP? This space is getting more fascinating and complicated by the week. It is true that they aren't necessarily going to implement this right away - but the question to me is - is ILP ready to scale to this magnitude? It seems that we are talking about a considerable number of packets to send on a continuous basis. How is packet value recycled in ILP? That's the part of this that I don't quite understand. Regular data moves and replicates and disappears and no one thinks about it again. Does ILP use the underlying currency and translate value into the expected digital ledger denominations on the fly? Do both parties simply need to say "Hey, I want to send you this currency and does ILP automatically say 'okay, we'll use this value for that currency in XRP and it will take this many packets and cost this much and based on network congestion it should take this many seconds, etc." Then what, when the net worth of the packets is converted is the XRP deallocated? There must be operating accounts that drive the ILP system Because to my mind - please, correct me if I am wrong - a cryptocurrency - in order to exist - must belong to a wallet. It is not like paper money that can belong to a NULL wallet - it is a zero-sum game. Yes it can get sent to a wallet allocation no one has access to and be stranded, but it is stranded precisely because there is no XRP (or any digital currency) that is unowned. Every XRP is owned by somebody, even if that is a careless somebody or dead somebody. And I believe other cryptocurrencies all work this way as well, right? Every coin is in a wallet. I've seen a lot of slide decks on ILP but this part really eludes me. My concern, I guess, and I don't mean this as FUD, maybe someone with more technical knowledge can clear this up... If the XRP that is required to loop through ILP to transmit value to upper layers represented on the stack, and this is an automated process, it seems to me that the market value gets determined by those who use the system and transmit value back and forth, but that XRP is locked in and the value that gets traded within that loop is outside of retail and other markets. Is that right? I don't want to necessarily raise the whole issue of "secret ledger" again, but I don't understand how "protocol-level" value exchange that happens when sending value through ILP can ever touch "retail-level" exchange markets. That doesn't mean that the ILP will not need more XRP as people discover how cheap it really is, and that the ILP's use of XRP will soon dwarf every over XRP use case if it becomes an international standard for exchanging value, but for the time being - if ILP really provides a viable way for banks to get around using RippleNet - well, I just don't know what that means in terms of retail exchange value of the coin - it makes valuation a whole lot more complicated than what I had ever considered. ILP's use case of XRP seems like it is in an entirely different universe as compared to the speculative or store of value use case people are familiar with now. I feel like I'm trying to price watts of electricity for running an entire city based on the cost of lighting a few lightbulbs at a workbench with magnets and wire.
  28. 19 points
  29. 19 points
    Yes, for a long while they have been playing it close to their chest and they don't give much away, yet if Brad makes even a generalised comment he is afterwards constantly criticised for blabbing. The only metrics we really have are the growing army of employees in a growing network of offices around the world. All those new staff in places like India and Brazil are needed to do jobs that were not there before. Also it is noticeable that the big names they have attracted do not up sticks and leave after 18 months, (except for Cory Johnson who was not really much of an expert at anything other than being a familiar TV face).
  30. 18 points
    https://www.coindesk.com/bakkt-says-its-cleared-to-launch-bitcoin-futures-next-month Surely XRP futures will follow, but IMHO this represents a significant advancement in the maturation of the crypto markets. The markets need futures for risk management practices to be accomplished. Cred already uses futures to hedge the risk exposures when they facilitate loan of XRP.
  31. 18 points
    Domitille Dessertine Head of fintech innovation competitiveness at the French securities markets regulator AMF - Autorité des Marchés Financiers https://www.amf-france.org/ A conversation with Domitille Dessertine August 13, 2019 TL;DR The AMF considers the majority of the crypto assets not being securities. Scroll down to read the quote 10:40 or listen to her directly say it from the link below I do not expect a lot of people are French like myself, so to put it very simply, the AMF is like what the US citizen have with the SEC. The AMF is the French Securities Market Authority. A while ago, the French government decided to introduce the PACTE law since the crypto market is considered like an "illegal vaccum". The interview revolves a lot around the PACTE law and at the end one question on Libra. What the US is seeking is exactly what France has come up with, namely the PACTE law. (yes me love ma country <3) It serves guidance and rules to define which crypto are investment products (falling under the securities legislation) and which are not. According to Domitille, most crypto are not investment products, in regards to the French law. What sounds brilliant is that both the US and France are coming up with rules to regulate the crypto market. Do you remember the press conference recently given by, the United States Secretary of the Treasury, Steven Mnuchin? He has suggested that new rules may be coming soon for crypto to the United States. Onto the interview, I provided the answers from Domitille and the time frame for each. Fret not, the interview is in English :3 Link to the interview 9:27 - Regarding the current regulatory framework in Europe: 10:40 - What the PACTE law does to the crypto market and mostly for the utility tokens: 15:23 - The timeline when the PACTE law is to be expected to be fully operational 16:14 - Her take on Libra
  32. 18 points
    Early December 2017, and the mood for XRP was as it is now....it's a bag of sh!t, Ripple have let us down, should have bought Bitcoin, Litecoin, Ethereum (which were mooning)...and of course, the trolls were out in full, laughing at XRP holders. Then XRP's price shot up and within a day, a different group of people were complaining they couldn't buy XRP, couldn't get verified, didn't buy enough, missed the boat:- This lasted a full 3 weeks. XRP x14'd in that time. XRP was making headlines in the mainstream press (to readers who had never even heard of XRP). Within a day, everything changes. The trolls stop laughing, and people start complaining that they're either too late or didn't buy enough. Meanwhile, a select, tiny minority enjoy the ride. Of course, there's a chance it doesn't happen again...but if it does, the same human emotions will be out on display - "how can this be?" - "why wasn't I warned?" - "my pay check isn't til Friday, I want to dump all of it into XRP, but it'll be too late by then", "I didn't buy enough", "it went up too quick". Very hard to time this market. That's why you're either months too early, or a day too late. "But I'll dump all my crypto into XRP on the first day of the bull run". <<< says the guy who bought every bull trap ever. You just can't time this. So sit back, set an ultimate deadline where you finally give up on XRP if the price isn't moving*, set your price points for taking profits (ladder them up regularly), don't invest more than you're willing to lose (a very freeing feeling IF you truly FEEL this way), sit back and enjoy being too early. *mine is end of 2020, if no major price movement by then, and fundamentals seem to have plateaued...then I'll sell up.
  33. 18 points
    It seems that they will be live on July 31st according to info on their website: https://www.sbivc.co.jp/topics/2019/07/26/01/ "Notification of implementation of system maintenance in preparation for starting new service provision Thank you for always using the VCTRADE service. We will carry out system maintenance on the following schedule in preparation for the launch of the new service. Maintenance schedule Wednesday, July 31, 2019: 6:00 to 18:00 * System maintenance is scheduled for the above schedule, but may be extended or shortened. ※ The details of the new service will be announced separately. We apologize for the inconvenience, but thank you for your understanding."
  34. 18 points
  35. 18 points
    Great post. Here's the thing: XRP sold 900 million XRP in the last 3 months. What other major crypto is having nearly 1% of its max supply bought up inside just 3 months? Imagine that buy pressure squeezed to exchanges. I see and have faith in Ripple's game plan - it's about liquidity. Liquidity = demand for number of units on exchanges * price (volume). People complain we're stuck at 30 cents. No other crypto that I know of has had the SELL pressure that XRP has had (thanks Chris, Jed, Clover et al), all the while the big buying was done OTC. That's hardly fair to the retail investor, and I totally get the complaints. And yet, XRP has held its very strong support level at around 30 cents. That's actually an amazingly bullish signal. It shows me Ripple have this well under control and they have now completed a very aggressive phase of distribution. Now they are tending to the value....in that they trust the market will now lift the price of XRP via institutional buys on exchanges. Won't we all be feeling a lot better if we're looking at an 80 cents XRP or $1 XRP? Then imagine the FOMO on top of the buy pressure from institutions.
  36. 18 points

    I'm out.

    To be honest you should have just stayed off xrpchat. This place is pretty toxic. You cannot speculate without the word hopium being thrown around. Everyone is on a tight trigger. There is some serious issues on here with new accounts and FUD. If you are out, then you are out. I respect your decision to sell. The reason why I am not. I feel like i am lucky. I am lucky I stumbled on this company and its asset. Bank of america, moneygram, amex, SBI, Bank of england, HSBC, transfergo, ECB, IMF, westpac, SABB, white house meetings, mercury FX, earthport, all the heavy hitters now working for ripple like betsy waters who was the head of hsbc transactional fx payments at hsbc. Legarde now head of the ecb, and she is the most pro xrp person outside of ripple. I just cannot ignore this stuff. You witnessed the foundations of the new financial systems being built. bi directional instant settlement payments with massive scaleability but the .32c seems to just get so many people frustrated. To me swift GPI is like the ipod where as XRP is Spotify and I am willing to wait to see how this plays out. I have written off my investment. Its my swing for the fences. If I lose, so be it. psychologically I am willing to accept that. If XRP is worth X amount in the green in 2025 or 2028 and I sold in 2019 because BTC was moving up and I was sick of xrp sitting at .32c I would be kicking myself. I think we will see a $10 xrp sooner than people think. BTC is going to run into trouble. Chinese mining pools, scaleability and fees.........and the environment. Thats my .32c. Im not trying to convince you not to sell. You do you. This is a very long term hold for me and I eat volatility for breakfast. It just doesn't frustrate me as it does other people. Neither does the .32c usd.
  37. 17 points
    Ripple's Market Makers strategy was badly managed...instead of creating higher floors they just suppressed the up price action and "hoped" we wouldn't drop below 0.28 USD... Very very bad strategy....and it might be about to blow up on everyone's face (including theirs)... Sentiment for retail buyers is at all time lows...and if corporations/banks can still buy directly from Ripple who's gonna create price support... In the past Ripple employees used to come here often...if anyone is reading this they should not think that a petition was created by "crazy" people but the result of a long lasting builds up of disillusioned..... Yes...stop dumping and tell your Market Maker to start buying back to reverse the depressed sentiment...everything else will fall into place naturally after that...
  38. 17 points
    YoYo is the next Ripple Psychic that SamIAm has chosen to believe. First it was BearableGuy, then “the BGs” (because all the copycats must be working together), then it was the Ripple Riddler, then “the Riddlers”. Now it’s YoYo. Next it will be “the YoYos.” There is no end to it. None of them are real. It’s Q-Anon for crypto Twitter. And yet he also doesn’t “believe in” human contributions to global warming... and is shuffling that propaganda campaign to his audience. It’s a little disgusting. That said, he shares interesting news articles sometimes. Thanks for sharing.
  39. 16 points

    Charting the course of XRP

    Given today's action, I thought this warranted a new thread since I don't want to keep distracting from the excellent content in @Eric123's thread. So first some thoughts. It is funny because I predicted a drop to $0.24-0.26 and still was surprised and a little jolted by the drop. Probably the suddenness of it that rattled me, which reminds us that we are still playing in a very manipulated market. Now, what did this drop mean for XRP? We finally broke a long term support at $0.28, which you could certainly see as a bad thing. We did find support at a second level, right around $0.24, but this is a much less tested support and thus less significant than the old $0.28 line. We dropped briefly below it but did fight back up with decent volume, which is something. Our new support line goes way back oddly enough to almost exactly one year ago. Two things can happen here. The first (and I think more likely) is that we go back down and test again (double bottom), followed by a "relief rally" that should take us back up to $0.30-$0.36. Oddly enough, if you are a trader, that represents around a 25% return if you have the cajones to make the trade. The second scenario is that we break down below the $0.24 level with volume and then, I would say, we are in a bit of trouble. Not a lot of support down below and I think this would really damage the psychology around XRP, possibly crypto in general if the drop is widespread. I am holding some money ready to deploy here but I'm not buying quite yet. If it does fall like that, then the doubt of "throwing good money after bad" starts to become a little more prevalent. That said, and this is the important part, nothing has fundamentally changed with XRP except the price. It is still the best crypto from a technological standpoint, still the only one with any sort of real adoption, and Ripple is still making good progress on continuing to grow its use case. If you were unable to see the price, only the news, you'd probably feel pretty good about your investment! More to come but the chart below depicts our new best friend, the $0.246 line. One point to note: we are obscenely oversold on 15 min, 4H, daily, whatever time frame you want to look at it. If rationality wins the day, now is a good time to buy. I am a bit of a cautious fellow, so I'm going to watch a little bit more, understanding that I may be missing an opportunity to add to my position at an excellent price point.
  40. 16 points
    https://www.bloomberg.com/news/videos/2019-07-29/ripple-s-senior-vp-on-the-u-s-senate-cryptocurrency-hearing-video July 29th, 2019, 7:37 PM EDT Monica Long, Ripple Senior VP of Marketing discusses the upcoming U.S. Senate hearing on cryptocurrency and how she expects to change lawmakers minds on the subject. She speaks with Emily Chang on "Bloomberg Technology." (Source: Bloomberg)
  41. 16 points

    Temenos interview

    This user should be in the BTC forums
  42. 16 points

    recent swift experience

    Just figured it easy to lose sight of real world use. Today i needed to send USD to Finland...Payment options via the company are only swift. USD sent 2191.05 Euro received 1881.71 Exchange rate 1 usd/.86873 euro....Cost me about apx 300 USD to send it or apx 20% of the total Bill 1881 Euro. date available: 8/06/19 (fund receive date) Swift is a terrible system and still completely slow... I read about GPI etc...18 sec etc....This was my experience at the bank today. holding and waiting for something better. real world use on its way. For those that have never actually used the system your competing against.
  43. 16 points

    Epic Pennant on BTC Chart

    BAKKT testing begins today. For those of you that haven't been following it - BAKKT is the "physically" settled futures created by the Intercontinental Exchange, the parent company of the New York Stock Exchange. https://www.ccn.com/news/bakkts-moonshot-bitcoin-platform-begin-testing-today/2019/07/22/ Great news that this is finally happening. Hopefully testing goes well. The big boys are starting to dip their toes in the crypto pool. Looking at the chart on Bitcoin I'm gonna guess we we won't see sub $10k prices again. I could be wrong but I'm pretty sure. On to XRP - Looking at the $/XRP chart it's hard to believe that we are not at or near the bottom. However XRP like most realize is not a chart play, it's a Growth Play. If you believe in the Team at Ripple, you believe in the tech and you see the utility in XRP you shouldn't panic too much when the price falls, if they deliver on their promises price appreciation come. As for myself - I bought more XRP today. Other alts you might want to consider which are not chart plays but similar to XRP in that you have to believe in the Team and the Tech are OMG and NEO. If OMG can deliver on Plasma and NEO can deliver on NEO 3.0 - holders should be rewarded handsomely - I hold both. Do your research - they are longshots, so gamble accordingly. @XRPboi - I think November 2019 is when the Bull market begins for bitcoin and I suspect we will get a multiple of the enthusiasm the crypto space received in 2017. And I'm expecting the bull market to continue into 2021. @RussianStandards my comment about the 100, 200 and 300 Day EMA's was just to illustrate how little the price of XRP has moved. We are basically flat-lined, which is best illustrated on the long term chart. Historically that is a good time to buy. IMO in 2021 people will be talking about people that bought XRP at .30 like they now talk about people that bought bitcoin at $100. Things are looking good.
  44. 16 points
    Your time is over. The time of men is rising. Shadowy figures of the abyssal fud will fade into the darkness from whence they spawned.
  45. 15 points
    Hey guys, I wanted to share with you a video I made on fiatleak after monitoring it for a while. You can consider it as a highlight of the day. I noticed the movements were coming by waves in between moderately long pauses (a few minutes). My tweet says I recorded it on the 8th August, but I recorded it on the 9th, yesterday. I have been monitoring fiatleak for a solid amount of time and the waves you can see are only a very recent event that puts a smile on my face every time it occurs. Not long ago, it was only the USD market that was streamlined. Also the volume on the 24H is constantly raising, even though it is Saturday, the XRP volume has increased by a few hundred of millions. Anyway, enjoy this little piece <3
  46. 15 points
    This is U.S. specific, do you think this is what "level playing field" refers to? The Payments Modernization Act of 2019 Can Ripple be partnered with the Federal Reserve? This is the Fact Sheet: The Problem: Inefficient payments push Americans into high-cost alternatives Too many American workers pay expensive fees because their paychecks take three or more days to clear. The inefficiency of our current payments system harms everyday Americans struggling to access their funds in real time. Our inefficient payments system drives families to use high-cost financial services in order to access their funds more rapidly. The Federal Reserve found that nearly a third of all Americans cannot pay their bills on time. Waiting for checks to clear over a weekend or a holiday is one reason why American families spend billions in overdraft fees. This is especially true for individuals who do not have conventional work schedules and are paid over the weekend. The various payments rules and clearing schedules make it nearly impossible for people with volatile incomes and limited reserves to avoid overdraft and other fees. The Federal Reserve has delayed its implementation of real-time payments for too long. In 2015, the Federal Reserve launched its Faster Payments Task Force with the goal of developing a plan to bring faster payments to the United States by 2020. Recently, Federal Reserve Chairman Jerome Powell said that the Federal Reserve would not make this deadline. This delay puts the United States behind other countries in its adoption of a faster payments system. Central banks, including those in the U.K., Australia, South Africa, Japan, Mexico, and Iceland, have already implemented real-time payments systems. A real-time payments system is a utility that should not be controlled by the largest banks. The American people deserve a public utility that allows them to safely and securely access their own money and that allows small institutions and entrepreneurs to compete on a more even playing field. The Department of the Treasury, in its July 2018 report entitled, “A Financial System that Creates Economic Opportunities,” recommended the Fed work to facilitate a faster retail payments system, in particular, for smaller financial institutions such as community banks and credit unions. The Fed’s delay could result in a de facto monopoly of our payments system by the big banks. According to Thomas Hoenig, former President of the Federal Reserve Bank of Kansas City, “This new immediate payments system will in every sense be a public utility and support payment innovations by banks and non-bank financial technology companies worldwide.” The Solution: The Payments Modernization Act: Clarifies that the Federal Reserve has the existing authority to build a real-time payments system. Ensures the United States has a fast, efficient, equitable, and fair payments system by updating the Expedited Funds Availability Act to require financial institutions to recognize funds in real time. Requires the Fed to build and implement its own real-time payments system. Also, more from Ayanna Pressley: Real-Time Payments As it stands today, working families wait days at a time just to have their checks clear. The Federal Reserve (Fed) can take up to 5 days to clear a payment. Meanwhile, the Clearinghouse, a private firm owned by 24 of the largest banks, has implemented a real time payments system—another clear example of our two-tiered financial system. In the absence of a real time payments system, consumers have turned to apps like Cash and Venmo to facilitate transactions that should not require a private platform. The Federal Reserve already offers real time payments between commercial bank accounts within the Fed and should extend that service to all consumers Impact on Consumers and Families Allowing people faster access to their money will help reduce: • Overdraft fees: The Center for Responsible Lending estimates that consumers pay nearly $14 billion annually in overdraft fees1 . • Late fees: 61% of consumers make one-time bill payments, instead of automatic or recurring payments, resulting in nearly half (46%) of consumers paying a bill late.2 • Reliance on risky financial products like payday loans: According to a 2018 report from the Office of the Comptroller of the Currency (OCC), U.S. consumers borrow almost $90 billion every year in short-term, small dollar loans that range from $300 to $5000. Real time payments will also be instrumental in allowing small businesses to more reliably make payroll. Currently, the delay in payments to vendors, contractors and other small businesses means that making payroll is significantly more stressful on small business owners. Real Time Payments The Payments Modernization Act would: 1. Require the Federal Reserve to establish a real time payments system that would operate as a public utility that prioritizes security, consumer health and transparency. 2. Ensure that funds are available to consumers for withdrawal in real time—providing parity for consumers and financial institutions. Thoughts on this?
  47. 15 points

    Epic Pennant on BTC Chart

    @MQB Time-wise Bitcoin would be at about at the $600-$700 level which is where it was in late 2016. This is an acceleration of the last cycle - however looking at the cycle this way, (as I have been this entire thread) does not take into account the effect of the halving which occurred previously occurred on July 9th, 2016 and will happen in May of 2020. Honestly. I think bitcoin will have an even more extreme price movement because the price will be higher earlier and rise even further based on the halving. As I've written I think bitcoin retakes it's ATH by the end of November 2019 so in 4 months, then next year the fun starts and we start rising and eventually going parabolic again - I think I put the projected top of this cycle at around $400k which would happen in about a year or so after the halving. @Milly238 Thanks. @TheXRPNinja Thanks. @djdhrubs Actually I wouldn't do that. If the ALT's are just long shot trades and out of the top 25 on Coin Market Cap, I might get out of them on my first opportunity, maybe the next red bitcoin day and probably as soon a I could and not wait for $13,800. If they are projects you believe in I'd stick with them or even accumulate. I have positions in Digi, OMG and NEO - I no longer look at my ALT's in satoshi value (too painful). I agree with @dr_ed that a global currency crisis probably won't help coins other than Bitcoin, but a big rise in bitcoin usually raises the entire market. (People have been calling for a currency crisis for a long time now and eh eventually it may happen, but we may grow old waiting for it. Eventually the Yellowstone super volcano will erupt too - it's expected anytime between now and the next 10,000 years).
  48. 15 points

    Epic Pennant on BTC Chart

    Well we are still trying to break the down tend line, we've been moving down for over 2 weeks and it's been a a month since we his our high for the year. In another day or two we should get a string of a dozen or so green days (give or take) if things go to plan. Then we can say goodbye to sub $10k prices for bitcoin forever. If you haven't already topped off your bitcoin tanks this might be the time to do it. As far as XRP goes. The price doesn't reflect it but I think things are going great. The market was able to absorb the sale of $250 million worth of XRP in quarter 2 of 2019 which is nearly 2% of market cap without the price moving, this is not just normal trading volume this is new XRP entering the market. By comparison that would be the equivalent of Apple dumping $20 billion worth of stock in one quarter which would be close to 40% of trading volume. https://www.coindesk.com/ripple-sold-251-million-worth-of-xrp-in-q2-increasing-total-nearly-50-percent That news coupled with the tweet from Brad (old news now, I know) which basically says that Ripple is going to slow selling XRP and look after it's price. "[R]esponsible stakeholder of XRP" -is super bullish. IMO this tweet is right up there in importance with Ripple's announcement of the creation of the escrow. To me XRP still looks like the best buy in crypto.
  49. 15 points
    Hi all, Not sure how many of you remember the short story contest from a year ago. This is the video version of the original XRP story that inspired it. Kick back, have a drink or some popcorn, watch this and let your mind go... We're on the right track. Good things take time.
  50. 14 points

    Epic Pennant on BTC Chart

    Not sure where to drop this comment. It is fundamental analysis, not TA. But it's 100% XRP related. Bear with me. One thing Galgitron posted last year (at least one thing) has stayed with me. "One very important aspect to understand about xRapid that's unique to it, is that xRapid drives BOTH market AND ledger transactions, in a ratio of 2 to 1 because there's two exchange transactions and one ledger transaction for every xRapid transfer. In this way, it's possible to figure out approximately how much of the current price of XRP is due to speculation, or utility. The easiest way to see this is by comparing the first and third figure shown on this page (total market exchange volume versus total ledger volume). This will suffice for now, but as further XRP adoption takes hold in other business sectors, the ledger volume should outstrip market volume, but we're a very long ways from that yet. By comparing these two figures, you can easily determine how much speculation versus utility there is." http://galgitron.net/Post/How-xRapid-Worksand-Doesnt I noticed last night that the ledger payment volume was slightly higher than the market volume.......when I started checking several months ago, it was usually around 30-35% of market volume. Apparently what I noticed has happened at least a few times over the last couple of months. This morning ledger payment volume has dropped back a bit, but this represents a real sign of rising utility and is the early indicator that xRapid is starting to be a factor. (Last nights stats above. See the link for real time data.) https://xrpcharts.ripple.com/#/ If....if it is true that XRP Price will turn out to be an exponential function of transaction volume (and it makes sense to me) then this is significant,. Because...it means the ledger payment volume has already roughly doubled from six month ago....and now we actually have Moneygram, which should contribute to the trend going forward, along with other payments. At some point this will move XRP price. The idea that it might move up in a distinct stepladder manner is interesting too... and also makes sense (especially if you subscribe to the notion that Ripple is using its sales to control price). I'm more agnostic on that part, but it's worth considering.
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