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  1. I haven't posted an update on ODL traffic for some time, here's an update. Please note that I am only able to infer ODL traffic based on 'on-ledger' transactions - if there is ODL traffic that occurs soley on a single exchange, such as USD-EUR or USD-XRP-EUR or the reverse, then I do not capture it. The last time I posted anything about ODL traffic was when ripple made the switch from large treasury transactions to smaller payments. The switchover is clear from the quarterly totals of ODL traffic as you can see in this plot - there is a huge drop between Q2 and Q3 2020. December is just gettin
    66 points
  2. https://www.xrparcade.com/news/ripple-to-complete-global-coverage-by-mid-2021-and-plug-moneygrams-cash-payout-to-ripplenet-this-year/
    45 points
  3. I have been threatening to do this for some time: Crypto @Eri produces bulletins packed with the latest news about Ripple/XRP, SBI. She provides analysis that is very often unique and insightful and depends on translating Japanese links. The sort of new information that should be discussed on this open forum. My intention is to start a rolling thread of subject matter she is introducing. Bullet points: SWIFT is becoming more accommodation towards collaboration (video clips) with outside companies like R3 - but at the same time they have been dragging their feet ov
    43 points
  4. This brings us to the latest development from the hearing yesterday regarding the SEC's request to access Brad/Chris's bank accounts as part of discovery. The question arises as to how the hearing affects each party's case? In my view, it's too early to say - the hearing only related to discovery in front of a magistrate who is not hearing the main case. The magistrate (Judge Sarah Netburn) appeared to have little understanding of crypto and seemed unsure of the case law relating to discovery in securities cases. At one point, she referred to Ripple Labs as if it was a crypto exchange use
    42 points
  5. It hasn't been discussed much but I wanted to explore some of the Flare architecture because it creates a fascinating head-to-head battle with ETH. First, here's my understanding of Flare, summarised by @jn_r That's what I thought as well after reading the 2 whitepapers. They've used a hybrid model similar to something proposed by Emin Gun Sirer to "help" ETH. Emin is Professor at Cornell and CEO for AVA Labs which is developing Avalanche. Ethereans point-blank refused this idea, considering his suggestion a trojan horse to undermine ETH development roadmap. They were right t
    41 points
  6. jag216

    My complaint to the SEC

    This is the complaint that I submitted. I'm just some nobody, but aren't we all? -- I'm writing to file a complaint against the former SEC Chairman Jay Clayton who has neglected his duty to protect retail investors by publishing a 71 page allegation against Ripple that demonstrates clear ignorance of the technology, utility and transparency that I, as an XRP holder, was able to avail myself of long before I ever purchased significant amounts of the digital asset. I first purchased XRP in July 2017, but it was a matter of circumstantial convenience. At that time it was a top tier
    37 points
  7. For someone apparently so good at seeing through BS, I'm surprised you took this bait so quickly. They sure got you hook, line and sinker. I think that's why people suspect your motives - you didn't once apply any of your supposedly superior analytical skills to the announcement and identify any issues. If you had done that, you would have found lots of red flags to be worried about. Didn't see any of them? Here, let me help you: How does one "lock" liquidity? No amount of messaging, legal agreements or technology is going to "lock" liquidity unless the requesting bank is giv
    37 points
  8. XRPwinning

    ODL Viewer

    Been working on a ODL viewer. Has daily info, full history, recent transactions. Let me know if you have any suggestions! I can make the changes asap. Data is provided by Mourads API https://utility-scan.com/#/dashboard Here it is, https://www.xledg.com/
    34 points
  9. I checked the Pacer website and saw that the Answer to the SEC Complaint is to be filed with the court no later than March 5, 2021. That deadline applies to all defendants (Ripple, BG and CL). Ripple's attorney said the other day that the Answer to Complaint would be filed in the upcoming weeks so it could very well be before the deadline (usually answers aren't filed early, but in this case it likely will). Also noticed the entry of seven more attorneys on behalf of Ripple, including one MARY JO WHITE, the former SEC Chair from 2013 through 2017. It's definitely on!
    31 points
  10. Hi, I’m not an expert but I do have a big mouth so I’ve spoken up a few times about the airdrop. Eventually I got tired of typing the same things out so here is my version of a faq on the airdrop from a holders point of view. I will update this initial post as new stuff comes to light or as I get the energy to add to, or improve on it. Suggestions welcomed unless anatomically impossible. Where should I go for information? Not here obviously. You should check this stuff out with the actual source below. I could be wrong, they might change the plan, things mightn
    30 points
  11. Pablo

    Ripple Defence

    I need to clarify this after some more thinking about the topic and having listened to a number of different views on the issue. Just to go back to what Hellerstein said in the Kik judgement: That seems to suggest that Kin themselves were the investment contract. Hellerstein does confuse matters a bit (and contribute to my own mis-reading) when he says: However reading the judgement as a whole, Hellerstein seems less concerned with the idea that a Kin token represented an investment contract in and of itself, and more concerned that the offering and sale by Kik constituted the
    30 points
  12. Hello all, it's been a while since I've been around here. Still holding, though I have diversified a little of my holdings away from XRP. Wanted to share some thoughts on prices. Everything I say here will be founded on the age-old principle: Buy low, sell high. 1. Will XRP outperform BTC? Eventually yes. XRP/BTC is about as close to zero as you can get without being zero. Having said that, it could still drop 50% from here, and 50% from that. However if you look at the highs and lows, we are at the low. This is an absolutely terrible time to exchange XRP for BTC. In the last few yea
    29 points
  13. First, the amount Jed is able to sell weekly will fluctuate. Second, the 1.5% volume is not necessarily only based on the week prior. Case in point: Starting today Jed will be able to sell more daily this week than he did last week, even though last week's volume was lower than 2 weeks ago. We don't know what formula Ripple is using to make the '1.5% of daily volume' determination, but its not simply based on "volume of the past week". If the volumes stay within the current ranges and we get multiple instances of bursts in volumes like we did 2 weeks ago, then yes within 12 months is realistic
    29 points
  14. https://occ.gov/news-issuances/news-releases/2020/nr-occ-2020-98.html credit to XRPDarren @Fame21Moore for pointing me to this article "From safe-deposit boxes to virtual vaults, we must ensure banks can meet the financial services needs of their customers today," said Acting Comptroller of the Currency Brian P. Brooks. "This opinion clarifies that banks can continue satisfying their customers' needs for safeguarding their most valuable assets, which today for tens of millions of Americans includes cryptocurrency."
    29 points
  15. The first Japan to Korea ODL has been recorded. Japan has been added to the utility scan, but it could be weeks or months before we see daily ODL between Japan and other users. https://twitter.com/UtilityScan/status/1277943529101242368/photo/1 The expectation is that a remittance corridor between Japan and Vietnam will be opened up as SBI have a big share of this remittance corridor and are well placed to make it happen. Utility scan have added the Japanese flag
    29 points
  16. https://www.xrparcade.com/news/five-new-ripple-customers-revealed-seventeen-running-on-the-cloud/
    29 points
  17. Liquidity Aggregation Job position and Breanne Madigan's article [Job Position] Staff Software Engineer, Liquidity "Liquidity sourcing and aggregation, [...]" https://ripple.com/company/careers/all-jobs?gh_jid=2006530 "I guess that what Ripple is going to develop by this new job is a solution to get more liquidity by using multiple exchanges for one payment: "Liquidity Aggregation."" [Ripple Insight] Liquidity and Global Markets | 101 Breanne Madigan, 20th April "But even non-ODL partner exchanges like Kr
    29 points
  18. There's a very simple reason: Jed is likely one of the SEC's key informants. We can infer that from 2 key pieces of this puzzle. One obvious and one not so obvious: 1. Jed was not joined in the complaint. His sales of XRP aren't any different than those by Brad or Chris and Jed financially benefited for years from the ongoing sales. He was selling them yesterday and the day before. Technically, the SEC is obliged to end his sales of unregistered securities. That they are doing nothing about him is an obvious clue as to how the SEC views him. Informants don't need to be innocent. They only
    28 points
  19. Since the SEC has now confirmed in court that it has never issued an official statement that BTC and ETH are not securities, wouldn't it be prudent for US exchanges to delist those cryptocurrencies, as they did with XRP? I mean, they might be involved in selling unregistered securities, right? The SEC just said so in a court of law. It seems like the careful and cautious thing to do would be to immediately halt all trading of Bitcoin and Ethereum in the US. Luckily, the SEC has also said in court that they are not going to prosecute individuals trading XRP, that they are only interested
    27 points
  20. I was participating undercover :). The trolls became too overwhelming while XRP was in the dumps, I figure its safe to come out again.
    27 points
  21. Well guys for those of you that got in late 2017, this is what the beginning of a Bull Market feels like. There will be ups and downs of course, but it will get much crazier with much higher valuations. We should have about 10-12 months of steady climbing before the parabolic run at the end. Believe it or not this move is part of the steady climb. Don't worry, alts, especially XRP will catch up and they will blast through their previous ATH's. Timing is always a problem but the market is moving exactly how I expected it would.
    27 points
  22. Just taking the time to say a huge thank you to you @Eric123. I have been reading this thread daily for a long time now. I don't often sign in to post something so this thank you and acknowledgment of your input is long overdue. I am truly grateful for your consistent updates. Even though I am truly quite clueless in understanding TA (I have no idea what EMA stands for, I'm not even joking) you've kept me positive in the down trends and excited in the up ones,. Despite my lack of TA knowledge I can grasp enough to know that this is an amazing opportunity for those of us willing to take a
    27 points
  23. There are three wallets in play here: #1 the daily sell wallet https://xrpscan.com/account/rLkMJhSVwhmummLjJPVrwQRZZYiYQhVQ1A This is his sell wallet to which his daily allowed XRP is sent, and sold for Bitstamp USD IOU's, then sold on the Bitstamp exchange. It is replenished every day at 9:01 GMT, and sold one hour later starting at 10:01 GMT over the course of an hour to an hour and a half. Only very occasionally he stops and picks up at a later time that day. I think that has something to do with high volatility. He may not be allowed to sell in a volatile market. I
    26 points
  24. It's been a long, emotional last few years for me in this crypto space. Having jumped in and spent a considerable amount of money buying XRP at the top, the best advice I took was to keep buying to lower my average buy in price which I've been doing for the past few years now. 2020 was a particularly difficult year having lost my father to Covid. It's been a massively emotional and devastating time for the whole family and easily the toughest time of my life. Trying to take my mind off things led me to a 1 hour stint on my PC where I just decided for some unknown reason to just
    25 points
  25. "This agreement will enable MoneyGram to utilize Ripple’s xRapid product (XRP) in foreign exchange settlement as part of the MoneyGram’s cross-border payment process." Clearly the SEC implicitly recognizes XRP as a currency necessary to settle cross border payments within xRapid. One more sliver of info that makes me wanna say: Bye bye SEC ... or ... buy buy XRP. Both work equally well.
    25 points
  26. It's very worrying. If ODL isn't cheaper than conventional moneymarkets, then it won't get used. Dropping from 15m a day to 2m was a massive change yesterday and after reading that report last night I immediately sold a chunk of my xrp. I will wait to see if volume comes back before dipping my toes back in. That report raised a huge red flag for me and it's the first time in almost 3 years that I've strongly doubted the xrp experiment. My greatest worry has been that institutions using ripplenet get instant settlement which allows them to change the way they rebalance their accounts and
    24 points
  27. Ripple Joins MOBI, Mobility Blockchain Initiative https://www.thecryptoassociate.com/ripple-joins-mobi-mobility-blockchain-initiative/ Ripple’s David Schwartz, Arthur Britto, and crew have updated their custodial service website, Polysign inc. https://www.reddit.com/r/Ripple/comments/g78bia/ripples_david_schwartz_arthur_britto_and_crew/ RippleNet member NIUM expands into China with latest partnership https://twitter.com/CryptoAmb/status/1252498884946989057 Japanese cryptocurrency exchange FXcoin to test remittances with XRP https://www.xr
    24 points
  28. Personally, I really like what Deaton is doing. He's fighting the good fight. I don't care about Brad's or Chris's holdings or if they have to pay a fine. They should have done a better job at distributing XRP. Hindsight is 2020 but they could have given XRP to non profits with clauses so there's no dumping on the market. Brad and chris don't look like saints to me, and I won't defend these billionaires. Whatever. That's in the past and history will judge them for any action. John Deaton is fighting for his XRP and that affects me. I hope he dents this case and impacts it in a
    23 points
  29. Please examine "Item 8.01 Other Events." In the SEC filing between MG & Ripple. The SEC approved this!!! Actually the use of XRapid as it was called then is mentioned 5 times in this document. SEC Filing | MoneyGram International, Inc.https://ir.moneygram.com/node/20381/html
    23 points
  30. None of that would happen. Owning XRP will not give you shares in Ripple or anything else, ever. The SEC is not asking for a declaration that XRP be deemed a security. At the end of the Complaint is a section called "Prayer for Relief" which I think is a stupid name a lot of times it's called "Demand for Judgment" (which I think is better) anyway it's what the SEC wants. There are 5 things: WHEREFORE, the Commission respectfully requests that the Court enter a Final Judgment: Case 1:20-cv-10832 Document 4 Filed 12/22/20 Page 69 of 71 70 I. Permanently enjoining Defendants
    23 points
  31. I've just been thinking "why would PolySign start/need SC&T?" This is just an idea. What if PolySign does the Digital Asset custody with a "Poly", aka multi-sig custody offering actually on the XRPL; while SC&T provides the Fiat Custody part? Then the two companies could have a commercial relationship which enables them to both, connect the Fiat : DA custody offerings, while keeping each company exposed to only one regulatory regime (either Fiat, or DA) freeing up PolySign to potentially offer a more international client base their crypto custody services, while SC&T de
    23 points
  32. Guys, According to the United States Patent and Trademark Office (USPTO), here is a list of all the patents owned by Ripple Labs, Inc., a few of which have been recently published this year (2020). The company has added quite a bit of intellectual property since I first started following the company back in May of 2017. Please note that all of these patents have not been awarded yet; most are marked "patent pending." Also, the United States is a first-to-file country. When comparing two similar patents, an inventor's "priority date" is considered the date the patent was filed. This
    23 points
  33. https://www.xrparcade.com/news/goldman-sachs-fx-executive-director-joins-ripples-global-institutional-markets-team/
    23 points
  34. Hi folks, Been awhile, thank you for reading. I don't write too often these days, but I have seen enough interesting things over the past few months that I feel it is absolutely time to speak up and share my observations. I could be entirely wrong, and I am NOT a fanboy by any means. I dislike hype in the markets as much as the next person. Before it was nuked, I mentioned in the Zerpening that there are many ways to get to $589/XRP - the dollar can go down, or the utility can go up, or both. Something really interesting has developed in terms of the timeline we have seen since
    23 points
  35. https://www.xrparcade.com/news/ripple-exec-gives-update-on-ripple-customers-350/
    23 points
  36. Around mark 80, the SEC lawyer goes on about "Utility Value" and is presuming that XRP "had no Utility" without the work of Ripple, thus investment contract because dependence on Ripple work for value. I'm relatively certain that I may have been the first, or at least among the first people to explain that XRP had economic "Utility Value" . This would have been probably back in 2013 and even @JoelKatz was citing my comment when answering "why does XRP have value" on the official forum, my screen name then was FinSin (as a joke, because I knew if this situation materialized, that FinCEN wo
    22 points
  37. Regarding the SEC's Xmas Bomb lobbed into the crypto-sphere and its profound disruption upon the valuation and markets... The SEC either... INTENDED to cause massive losses to U.S. investors (and the World too). They were inept and didn't realize their action would precipitate such an impact as was realized. Either way, it was a MASSIVE F-up, and egregious misuse of their powers upon the very citizens they're entrusted to "protect." ALL they had to do to prevent massive harm to the investors, was include a safe-harbor declaration for the exchanges, and a clarification
    22 points
  38. https://ripple.com/wp-content/uploads/2020/12/Ripple-Wells-Submission-Summary.pdf Summary of Ripple’s Wells Submission I. Introduction A. The SEC’s theory, that XRP is an investment contract, is wrong on the facts, the law and the equities. B. To prove its case amounts to an unprecedented and ill-conceived expansion of the Howey test and the SEC’s enforcement authority against digital assets. C. The SEC’s theory that XRP is an investment contract ignores the economic reality that XRP is, and has long been, a digital asset with a fully functional ecosystem and a real
    22 points
  39. Bitcoin and Ethereum developers will never want to use gradual expansion of smart contracts, high fees, and non-scaled platforms. If developers have a better, cheaper, and more scalable platform, they don't want to pay high fees. The average user will also want to use DAPP, which is fast, has low transaction fees, and is highly scalable for long-term use. This isn't noticeable if you're just sending money, but it's a difference that you'll notice when you start using the Dapp. Dapp is the same as a normal app.The general public thinks that ordinary apps and Dapps should ha
    22 points
  40. Seoulite

    Guessing corrections

    OK @banistersmind I figured I'd create a new thread for this so we don't clog up the other thread with a long post. Unfortunately you've asked me to justify the hardest prediction to justify, which is how a correction will look. This is why I said it was a very rough guess. Corrections are the hardest time in the market to trade and some traders avoid them totally for that very reason. But I will go through some of the ideas that I have been studying and others I've picked up over the last few years. First a couple of key principles of the market you need to understand: 1.
    21 points
  41. https://www.forbes.com/sites/roslynlayton/2021/04/08/in-the-ripple-case-the-sec-is-now-on-trial--and-knows-it/amp/?__twitter_impression=true "..... Netburn ordered the SEC to produce all communications related to XRP, bitcoin, and ether where a third party was involved, and any formal internal documents “expressing the agency’s interpretation or views” on cryptocurrency, and to deliver them to Ripple. She granted most of Ripple’s motion, which means that the discovery could be a treasure trove of embarrassing information for the SEC. This could mean game over for the SEC’s case against Ri
    21 points
  42. These threads are being derailed by childish banter, could you please keep things on topic and move your chit chat elsewhere. The forum is becoming less interesting for many of us.
    21 points
  43. I'll take a stab at these because they are important questions - I've numbered them to simplify things: Yes - I can see a scenario where only the sales of XRP by Ripple, Brad and Chris are treated as the investment contracts while the token "XRP" is free from securities laws. That will leave XRP to be traded on the secondary market without restriction so it's entirely feasible that ODL remains a legitimate use-case in the US. Gensler did make reference to crypto exchanges potentially having to comply with securities regulations so that will be interesting to watch because it
    21 points
  44. Looks like Ripple really is going in all guns blazing : https://fortune.com/2021/01/29/ripple-bitcoin-ethereum-sec-documents/ "In a letter, Ripple asked for any correspondence between the agency and those who helped create Ethereum, including Vitalik Buterin and Joe Lubin. It also asks for letters between former SEC Chairman Jay Clayton, agency staff and members of Congress. The request is based on the Freedom of Information Act (FOIA), a law intended to promote transparency in government. FOIA requests, frequently used by journalists, permit the public to demand n
    21 points
  45. Just because the ODL transactions don't all look like they did before doesn't mean they aren't there. ODL is very much alive and growing.
    21 points
  46. https://payid.org/ Why Ripple Supports PayID: https://ripple.com/insights/why-ripple-supports-payid/ Fortune article about the project: Ripple launches PayID allowing users to send digital payments across different platforms https://fortune.com/2020/06/18/ripple-launches-universal-payment-id-but-will-anyone-use-it/
    21 points
  47. https://www.xrparcade.com/news/media-giant-uses-coil-for-web-monetization/
    21 points
  48. tar

    A short reminder

    As you may have noticed: there are no markets, anymore as central banks are massively intervening and buying everything in order to prevent a major crisis and thereby also a healthy correction, unfortunately. This has, by the way, been predicted around 20-30 years ago by Paul C. Martin (Debitism) [1] and is now recogniced by different financial analysts (e.g. Leonhard Fischer who said in an interview that the middle class is the loser of this game). In short, the debitistic dilemma means that states must at some point fail in their own pre-financing, which forces them to expand permanently. It
    20 points
  49. Big wheels keep on turnin' ... https://ourbitcoinnews.com/president-of-the-central-bank-of-brazil-had-a-closed-meeting-with-the-ceo-of-ripple/
    20 points
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