Jump to content

Still1

Member
  • Content count

    121
  • Joined

  • Last visited

About Still1

  • Rank
    Advanced Member

Profile Information

  • Gender
  1. I now see that it was 2015 that he was appointed but this story keeps popping up today. I wonder why I keep seeing it in different places..
  2. https://dailyhodl.com/2018/06/17/ripples-deal-with-us-treasury-defines-xrp-as-a-currency-not-a-security/ Will an agreement between Ripple Labs and the US Treasury Department convince the SEC that XRP is not a security? Ripple signed a settlement agreementwith the Treasury’s Financial Crimes Enforcement Network (FinCEN) in 2015, paying a $700,000 fine for “selling its virtual currency, known as XRP, without registering with FinCEN, and by failing to implement and maintain an adequate anti-money laundering (AML) program designed to protect its products from use by money launderers or terrorist financiers.” The company has since modified its business practices to ensure future compliance, and now a paragraph within the agreement could have an impact on the debate on how XRP should be classified. Violations’ in the agreement outright defines XRP as a currency that was pre-mined prior to its distribution. Ripple is facing two class action lawsuits that allege XRP is a security controlled by Ripple. The company is pushing back against the claims and has hired two former SEC officials to represent it in court. In response to the lawsuits, a spokeswoman at Ripple told CoinDesk, “This is just another example of an extortionist bringing forth an opportunistic suit that lacks merit. We feel confident that the claims regarding XRP are completely unfounded both in law and fact.”
  3. https://www.google.com/amp/s/ethereumworldnews.com/ripples-xrp-exec-elected-to-a-federal-reserve-taskforce/amp/ Ripple is making major strides with their Head of Research on the Business Development team, Ryan Zagone, being elected to the Federal Reserve’s Faster Payments Task Force Steering Committee. The Steering committee is a 16 member team to represent the working group’s numerous stakeholders.
  4. IMO once Binance adopts Fiat pairings Coinbase will be left behind. Their fees are also very high and other exchanges will challenge their dominance. Im not a big fan of Coinbase.
  5. https://www.google.com/amp/s/www.thestreet.com/amp/investing/bitcoin/ripple-ceo-speaks-at-stifel-financial-conference-14619614 The Ripple CEO told the crowd, "A number of prominent people, even Steve Wozniak, has said that he sees a world where Bitcoin is the primary currency. I think that's absurd. I don't think that any major economy will allow that to happen. By the way, it doesn't make sense." He continued by saying, "I'll tell you another story that is underreported, but worth paying attention to. Bitcoin is really controlled by China. There are four miners in China that control over 50% of Bitcoin" Some interesting stuff in this piece from Brad G.
  6. https://www.google.com/amp/s/ethereumworldnews.com/3-amendments-to-ripples-code-are-up-for-voting-furthering-decentralization/amp/ In summary, and connecting the dots, Ripple’s ledger is coming together to the point where it can be considered as being a fully operational protocol that is secure and stable. What remains to be done, is the total decentralization of the platform as well as a continual checking of bugs. The latter has been accelerated by the existence of a Ripple Bug Bounty program.
  7. https://www.google.com/amp/s/ethereumworldnews.com/thailands-sec-gives-thumbs-up-to-big-7-btc-eth-bch-etc-ltc-xrp-xlm/amp/ However, as earlier mentioned, there is a silver lining in the form of news from Thailand that indicate that the SEC(Securities and Exchange Commission) has given clear guidelines with respect to the country’s regulatory framework for cryptocurrencies and ICOs (Initial Coin Offerings). The SEC of Thailand, announced the above on Friday after approving the measures in a June 7th meeting. Part of the new measures include allowing seven cryptocurrencies to be used for ICOs as well as for trading pairs in the country. These 7 cryptocurrencies are the fan favorites of: Bitcoin (BTC) Ethereum (ETH) Bitcoin Cash (BCH) Ethereum Classic (ETC) Litecoin (LTC) Ripple (XRP) Stellar (XLM) The reasons for choosing these seven cryptocurrencies by the SEC were two: consensus credibility and the liquidity of the digital assets.
  8. Are you subject to a capital gain with items on eBay? I believe that you are taxed as ordinary income with eBay. When you have gains in crypto you are supposed to pay capital gains taxes. Quote Edit
  9. I can't see how Crypto's wouldn't be considered securities. IMO when there is an exchange between a buyer and a seller and there is a transfer of money where there can be a capital gain or a loss it would be considered a security. This is going to be interesting to see how this all plays out. 
  10. I can't see how Crypto's wouldn't be considered securities. IMO when there is an exchange between a buyer and a seller and there is a transfer of money where there can be a capital gain or a loss it would be considered a security. This is going to be interesting to see how this all plays out.
  11. https://www.google.com/amp/s/www.coindesk.com/ripple-smart-contracts-creator-targets-ethereum-new-tech-launch/amp/ The implementation released today comes with tutorials for uploadingand hosting Codius smart contracts (uploaders pay hosts to run smart contracts on their computers), to try and push developers to start using the platform right away. And already several developers have disclosed they'll be building on the platform, as revealed exclusively to CoinDesk.
  12. https://www.google.com/amp/s/ambcrypto.com/ripple-xrp-creating-instantaneous-convo-beneficiary-sender-colin-oflaherty/amp/ Marcus Treacher, the Global Head of Strategic Accounts, Ripple [XRP], at the Money 20/20 event spoke about cross-border payment issues. Present with him was Colin O’Flaherty, member of the Board of Directors, American Express, who mentioned how team Ripple is helping solve cross-border payments that they are facing as a financial institution. He quoted: “71% of SMEs believe cross-border payments are problematic. Marcus Treacher and team Ripple are creating an instantaneous convo between beneficiary and sender, alleviating most of the issues our customers are facing.”
  13. https://ambcrypto.com/ripples-xrp-ledger-gets-toast-wallets-trustline-support/ The update also comes with news of Toast Wallet setting up their own cluster of nodes on Ripple’s network. This is to allow for the smooth functioning of the platform. Trustlines are links between two addresses on the XRP Ledger. They represent an explicit statement of willingness to hold debt obligations for the gateway. It can allow strangers on the network to open credit lines and make payments based on trust. On the XRP Ledger, it requires 5 XRP to open and keep a trustline open. A trustline cannot be closed if the balance is above 0. It is important to note that one must not open a trustline with an entity one does not trust.
  14. https://steemit.com/ripple/@maestroq/bittrex-ceo-bill-shihara-says-ripple-xrp-is-not-a-security
×