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bloodyarmrest

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  1. Thanks
    bloodyarmrest reacted to Julian_Williams in Sumitomo buys into SBI and FXCoin exchange in Japan   
    Sumitomo buys into SBI and FXCoin exchange in Japan
    To quote Crypto Eri XRP is now backed by the second biggest bank in Japan
     
  2. Haha
    bloodyarmrest reacted to LiquidGoat in westpac added to the customer page on ripple.com   
    Air conditioning service then?
  3. Haha
    bloodyarmrest reacted to Caracappa in Why the huge spikes in payments and transactions on XPRL?   
    Perhaps some BTC maxis trying to clog up the network, not knowing XRPL doesn't have a problem with more then 6 transactions per second?
  4. Thanks
    bloodyarmrest reacted to JannaOneTrick in France Regulation - Interview with Domitille Dessertine Head of Fintech Innovation regulators at the French securities markets regulator (AMF)   
    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
     
  5. Thanks
  6. Haha
    bloodyarmrest reacted to Zedy44 in Ripple Q2 2019 Report   
    I thought you had the report early!

  7. Like
    bloodyarmrest reacted to princesultan in Who will be Swell keynote speaker this year?   
    Christine lagarde
  8. Haha
    bloodyarmrest reacted to EcneitapLatnem in a few user reported their gatehub wallet been hacked and XRP sent to r9do2Ar8k64NxgLD6oJoywaxQhUS57Ck8k   
    The big flashing one... can't miss it really... just don't hit "eject"!
     
     

  9. Thanks
    bloodyarmrest reacted to XRPKronk in US Banks are Getting Frantic   
    Alright guys, its been a hell of a week for Ripple and crypto in general. We are witnessing the beginning of a banking revolution- its only going to get crazier as we head into 2020.
     
    PART 1: Let me start this post by telling you a conversation I had with my mother, an executive loan officer and branch manager of a regional bank in the south:
    After the usual mother/son conversation, I asked her how her job was going since she just came back from family leave. APPARENTLY....
    "The top executives are freaking out. The projections for loan income are completely off due to the FED announcement."
    If you're not in the US, basically the central bank wants to lower interest rates next month. The effect? Here is an excerpt from a Yahoo Finance article:
    https://finance.yahoo.com/news/fed-interest-rate-cut-horizon-121512567.html
    So, US banks will be struggling to make the quota for this fiscal half because the banks projected the rate to actually increase rather than decline. This meant that many banks gave adjustable rate loans to borrowers in hopes that the prime rate would increase over time. 
     
    PART 2: Responses from other banks have ranged from nonchalant to panic
    As you can imagine, banks want to keep a lid on their panic state. Most have released statements that say they were prepared for the rate decline. Some are in denial and think the FED will call back on its majority vote to cut the rate
    https://www.cnbc.com/2019/06/20/one-major-bank-is-holding-the-line-saying-the-fed-wont-cut-rates-this-year.html
    Once Goldman Sachs executive went all the way to say smaller banks are screwed 
    https://www.bloomberg.com/news/articles/2019-06-20/goldman-sachs-executive-says-legacy-retail-banks-are-screwed
    Based of the conversation with my mother, I would agree that the banks are concerned and stand to lose a lot of money. 
     
    PART 3: ENTER CRYPTO- Libra is announced, and the Moneygram Move
    Okay so, unless you live under a rock, the news this week has been amazing. Facebook announces Libra under much criticism.
    The announcement had a few effects:
    Whether you love it or hate it, it has helped bring crypto into the spotlight this week. All press is good press for crypto, that much is true.  Regulators have sprung into action. Already making statements about the regulation of Libra and crypto in general. (See quotes below) https://www.apnews.com/ee872c2a79494a1183866bd1dc9c9083
    https://www.cnbc.com/2019/06/20/facebook-libra-cryptocurrency-faced-with-central-bank-warnings.html
    https://cryptonews.com/news/fatf-decides-to-tighten-crypto-regulation-report-4092.htm
    There are plenty of other quotes, but i think this suffices.
    A final effect is that banks will be looking for an alternative or an edge against their competitors. Ripple and Xrapid already exist and has gone through extensive trials over the past 5 years.  Brad Garlinghouse has already made the statement that Ripple has has a "record week" due to the Libra Announcement:
    BOOM- Thank you, Facebook.
    Ripple is also in the spotlight for the Moneygram Deal. MoneyGram's Stock rose over 150% and huge announcements for new corridors were made as moneygram is expanding their footprint in India. 
    Ripple is making other moves as SBI Remit and SCB Thailand are featured in their Paying Forward promo videos (check twitter, i'm too lazy at this point to embed them lol)
     
    Conclusion
    TLDR: Banks are hurting from the potential FED rate drop and crypto appears this week to banks as a way to cut costs. 
    The financial transformation is on the horizon and is approaching fast!
     
    If your read all that, congratulations. You're amazing!
     
  10. Thanks
    bloodyarmrest reacted to EcneitapLatnem in a few user reported their gatehub wallet been hacked and XRP sent to r9do2Ar8k64NxgLD6oJoywaxQhUS57Ck8k   
    Understood. I could only imagine the anguish if I lost over 80,000 xrp... but I personally feel confident that the victims will have their fraudulently diminished   XRP repatriated... media has been notified and I'm certain those of Ripple are aware... I know you are hurting, but hope that gives some amount of solace... keep your chin up.
  11. Like
    bloodyarmrest reacted to gatehub in a few user reported their gatehub wallet been hacked and XRP sent to r9do2Ar8k64NxgLD6oJoywaxQhUS57Ck8k   
    Hey all! We are aware of the matter and are looking into it. If anyone has any information please contact us at: security@gatehub.net  
    GateHub
  12. Like
    bloodyarmrest reacted to LilBender in I sure wish that Yoshitaka Kitao would hurry and blink.   
    KITAO
    DID
    NOT
    PREDICT
    A
    DAMN
    THING
    .
  13. Thanks
    bloodyarmrest reacted to LilBender in I sure wish that Yoshitaka Kitao would hurry and blink.   
    whoever managing his social media account retweeted some random article
    Why is this urban legend refusing to die?
  14. Like
    bloodyarmrest reacted to Julian_Williams in “Past, Present and future of the International Monetary System” - Brad Garlinghouse Presents at Swiss National Bank conference   
    Brad starts his presentation at 2.10.  Very much his usual speech.
    The more interesting stuff is perhaps in the scratching of heads between central banks trying to safely bridge the transition into a digital age.  
    Having Brad representing Ripple at this seminar is huge.
  15. Like
    bloodyarmrest reacted to xrp_sea in Price Suppression?   
    In my opinion, all cryptocurrencies are likely being manipulated as there is little to no regulation in this space. Rather than trying to figure it out, just don’t worry about it. If you believe in the fundamentals of XRP, just relax and hodl. If XRP is in fact being manipulated downward, they can’t keep it up forever. It’s eventually going to pop (short squeeze). The people that day trade are the ones that get taken advantage of by the bad actors.
  16. Like
    bloodyarmrest reacted to Truckdriver in DC Blockchain Summit 6-7 March 2019   
    https://digitalchamber.org/dc-blockchain-summit-2018/ 
    https://dcblockchainsummit.com/speakers/ 2019 
    Comparing the two list ,2019 is very Government / Regulatory orientated,  the two list are like night and day really , this show of force indicates to me a definite change in attitude ,  blockchain and digital assets have come along way in a short amount of time . Our future is bright. 
  17. Thanks
    bloodyarmrest reacted to GiddyUp in DC Blockchain Summit 6-7 March 2019   
    Great find @Truckdriver 
    I'll just leave this here for reference-
    https://www.congressionalblockchaincaucus.com/
    OUR VISION
    "The Congressional Blockchain Caucus was founded in the 114th Congress and is enjoying significant growth and an ever-expanding focus.  We are a bi-partisan group of Members of Congress and Staff who believe in the future of blockchain technology, and understand that Congress has a role to play in its development.  As a Caucus, we have decided on a hands-off regulatory approach, believing that this technology will best evolve the same way the internet did; on its own."
    "The Caucus is a platform for industry and government to come together to study and understand the implications of blockchain technology.  We're fascinated with the potential for blockchain technology to significantly improve identity management, asset tracking and ownership, healthcare records management, intellectual property rights, and much more." 
    "We are in the early days of this technology, and we feel it paramount that Congress be a bridge between industry and government to foster collaboration and ensure competitiveness on the global stage.  Please feel free to reach out to either of our staff co-chairs for topics you'd like to see addressed at lunch briefings, or just ideas you have in general for the Caucus."
    "We look forward to working with you."
                                                                                      - Also, did we know that there is a "Chamber of Digital Commerce"? Here it is - 
    Chamber of Digital Commerce
    https://digitalchamber.org/
    It’s Time to Make Blockchain Technology a Priority
    Chamber Introduces National Action Plan for Blockchain
    https://digitalchamber.org/blog-national-action-plan/
    By Perianne Boring, Founder & President, and Amy Davine Kim, Chief Policy Officer
    Feb. 20, 2019
    "Today we’re proud to release our National Action Plan for Blockchain. Ever since we launched the Chamber of Digital Commerce almost five years ago, our team has been working toward a coordinated effort to ensure blockchain technology is supported in the United States. This plan is part of that ongoing advocacy work and our steadfast efforts to promote the acceptance and use of digital assets and blockchain-based technologies."
    https://digitalchamber.org/blog/
     
  18. Thanks
    bloodyarmrest reacted to Simoun in MV37   
    From an MV37 Q3 2018 whitepaper:

     

     

     
  19. Like
    bloodyarmrest reacted to ADingoAteMyXRP in Generified integration tests for xrp and swift   
    Think of it this way...
    I'm an AOL chat user. There's a new, better chat called Twitter that opens, but barely anyone uses it yet. Do I want to go back and forth between AOL and Twitter to communicate with people? No. Of course not.
    It's the network effect in action. Swift has that network now. XRP doesn't (yet).
    It would it be massively preferable for some third party (R3) to integrate the two platforms (AOL and Twitter) so I can message people on both at the same time, only for users to slowly realize Twitter is superior, eventually making AOL obsolete as people transition over.
  20. Thanks
    bloodyarmrest reacted to DreXRP in Tokens sold for use in a network fall outside the definition of secutities   
    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.
     
     
    Here the full speech
    https://www.sec.gov/news/speech/peirce-regulation-view-inside-machine
     
  21. Thanks
    bloodyarmrest reacted to XRP-Observer in Binance and Xrapid   
    That might be just another trick from Binance to use the XRP community for marketing. Like when they lied about credit card purchases, they advertised XRP, but they offer BTC, ETH and LTC only. Remember Binance Jersey? Only BTC and ETH pairs. Binance is obviously biased against XRP, they are systematically skipping the 2nd largest crypto.
    CZ knows that when he mentions XRP or xRapid, he will get a massive support from the XRP community, so he uses us.
    Until Binance allows XRP credit card purchases as promised I have no reason to believe that Binance means the xRapid partnership seriously. To me it is just another marketing trick.
  22. Thanks
    bloodyarmrest reacted to Panosmek in XRP: Disrupting SWIFT gpi and Correspondent Banking   
    https://xrpcommunity.blog/xrp-vs-gpi/
    In this blog
    • I write about the disadvantages of SWIFT and Correspondent Banking.
    • I talk about the XRP advantages and compare it with SWIFT gpi.
    • I explain how Corda Settler works and what SWIFT's partnership with R3 really means.
    I hope you enjoy it.
  23. Like
    bloodyarmrest reacted to lucky in Brad & SWIFT's Ex CEO on stage at @ParisFintechForum   
    Maybe because partnerships that are beneficial to both parties have a high chance of happening?
    Maybe because decentralized digital assets are the inevitable future of global banking?
  24. Like
    bloodyarmrest got a reaction from kanaas in Brad & SWIFT's Ex CEO on stage at @ParisFintechForum   
    Marjane Delatinne and Wim Raymaeker (SWIFT Global Head of Banking Market ) will also appear together on stage at a treasury convention in Germany on February 14. 
    "The banking industry faces new challenges: What impact will technology have on our daily lives as treasurers in the face of these new concepts and ideas? Are we facing a change in established banking structures? SWIFT and Ripple take a look at the future of international money transfers and present their own concepts for renewal. What's the future like?"
    https://www.the1tc.com/programm-der-1tc-2019
    Something is definitely in the works...
  25. Like
    bloodyarmrest got a reaction from carpetbelly in Brad & SWIFT's Ex CEO on stage at @ParisFintechForum   
    Marjane Delatinne and Wim Raymaeker (SWIFT Global Head of Banking Market ) will also appear together on stage at a treasury convention in Germany on February 14. 
    "The banking industry faces new challenges: What impact will technology have on our daily lives as treasurers in the face of these new concepts and ideas? Are we facing a change in established banking structures? SWIFT and Ripple take a look at the future of international money transfers and present their own concepts for renewal. What's the future like?"
    https://www.the1tc.com/programm-der-1tc-2019
    Something is definitely in the works...
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