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panmores

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    pan mores

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  1. Here's an update what Fnality and Clearmatics are actually doing - looks like a fragmented approach to me, doesn't match Ripple's holistic solution: https://www.coindesk.com/fnality-utility-settlement-coin-central-bank-token-blockchain The Takeaway: With $63.2 million in fresh funding from 14 banks, Fnality is building tokenized versions of five major fiat currencies. The digitized fiat would be fully collateralized by cash held at central banks and is meant to solve the “cash on ledger” problem faced by other financial blockchain projects. The consortium says it is open to working with JPMorgan, whose JPM Coin project has similar aims. Fnality’s tech partner, Clearmatics, is building these systems on a private version of ethereum.
  2. It's the new promo colors the get new access into more traditional markets, such as Middle East.
  3. So when Kevin Mole says "... and the first of many corridors that we will open up this year...", which one is he referring to?
  4. Sorry Leonidas, didn't want to say something wrong, was referring to mentions about the translation. Didn't know you are running the site, so apologies again and thank you for the work going into it. It's just that there are many garbage sites around, glad to know you're behind this one!
  5. So the big boys want to secure their big piece of the cake, and Ripple takes whoever's left? WSJ: UBS-Led Group to Launch Blockchain-Based Trade-Settlement Platform Companies have invested $63.2 million in Fnality International A group of financial firms led by UBS Group AG plans to start using a bitcoin-like token to settle cross-border trades, one of the biggest developments yet in the effort to make use of nascent blockchain technology. The 14 firms—a group that includes big banks in the U.S., Europe and Japan—have created a new company to control development of the token, called the utility settlement coin, or USC. They have collectively invested £50 million ($63.2 million) in the company, Fnality International. The launch of the USC project, four years in the making, may herald a new phase in the banking sector’s adoption of blockchain, the record-keeping technology that underpins bitcoin. A number of blockchain projects are moving out of the experimental phase and into production, a sign that the technology is becoming more integrated in the global financial infrastructure. The USC token would function both as a payment device and messenger that carries all the information required to complete a trade, potentially cutting down on a transaction’s time and cost. Processing a trade can involve multiple parties, especially if it includes a cross-border trip. Trades can take days or weeks to clear, and failed trades, in which one party ultimately doesn’t complete its end of the deal, are common. With a blockchain-based system, all the functions performed by intermediaries are baked into the transaction itself. “You remove settlement risk, the counterparty risk, the market risk. All of those risks add up to costs and inefficiencies in the marketplace,” said Hyder Jaffrey, head of strategic investment at UBS. JPMorgan Chase & Co. has been working on a token called JPM Coin that is similar to the USC token. The bank also launched a blockchain-based information-sharing platform called the Interbank Information Network in 2018 that counts more than 250 members. Depository Trust & Clearing Corp. plans to later this year employ a blockchain-based version of its Trade Information Warehouse database for credit-derivatives trading. Ripple, the company behind the XRP cryptocurrency, is building blockchain-based networks that allows banks to bypass intermediaries. Another startup, R3, has been developing a blockchain-based technology called Corda that could be adapted for a number of banking services. The USC token will be backed by bank-owned currency held at central banks. In addition to UBS, its backers include Barclays PLC, Nasdaq Inc., Credit Suisse Group AG , Bank of New York Mellon Corp., Canadian Imperial Bank of Commerce , State Street Bank & Trust Co.,Banco Santander SA, Commerzbank AG, ING Groep NV, KBC Group NV, Lloyds Banking Group PLC, Mitsubishi UFG Financial Group Inc. and Sumitomo Mitsui Banking Corp. Fnality Chief Executive Rhomaios Ram said the company is working with regulators in several countries to get the necessary approvals. Regulatory issues have bogged down another blockchain project: Intercontinental Exchange Inc.’s Bakkt. Still, Mr. Ram said he believes the USC token will be fully operational within 12 months.
  6. These cheap sites just copy paste without knowing what they're actually doing. All it takes is a quick Google search to unearth the original (don't reward these cheap sites with your precious visit hits): https://www.vontobel.com/en-int/about-vontobel/media/communications/vontobel-launches-a-certificate-on-ripple-for-investors-who-wish-to-participate-in-ripple-simply-and-transparently/
  7. I think the reality is much simpler. A disgruntled or any former employee with access to these earlier accounts, when security measures were different to the levels now. Simple as that. Just doesn't sound plausible what Enej tries to explain.
  8. Of course GH is liable. Or they'll go offline soon and that's the last we'll have seen from them.
  9. That's just plain insulting, without even knowing yet what's going on. No way for them to escape responsibility, this coordinated attack must origin somehow from within GH.
  10. If you don't have access to another exchange or storage method, sure change the password, and make it a long one. I'd also create a new account / address and move the funds there.
  11. This is horrible and I feel with all you guys. Why should GH not be responsible? I'd try to find peace of mind now, in the past GH was responsive and they covered hacks (into their own wallet). I received an email from them upon my inquire whether, as a response to these hacks, they plan additional security measures. This is also devastating for them. So they say wait until we respond again once we know what's going on. Not much transparency so far, but this is early days. Don't forget, Ripple recommends GH, this exchange should not fail. Yet, what's worrying is that first hacks were reported end of May, and like @kanaas here only two days ago! So GateHub doesn't seem to have a clue for now what's going on.
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