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JannaOneTrick last won the day on April 16

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  1. 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
  2. Update from the Chair of the G7 working group on stablecoins 18ᵗʰ July 2019 The G7 of Finance took place in Chantilly, France the 17ᵗʰ and 18ᵗʰ July. The ministers of country members of the G7 talked Libra and cryptocurrencies regulation among other issues. Benoît Cœuré, Chair of the Committee on Payments and Market Infrastructures, updates on work by G7 central banks, IMF, BIS and Financial Stability Board on stablecoins. The report starts off by explaining the need for faster and cheaper cross-border payments, and that it is precisely the purpose envisioned by crypto-assets. Although, Benoît Cœuré says due to severe price volatility and limited capacity to process transactions, crypto-assets function primarily as risky instruments and have not achieved a scale that could enhance the current system. The rest of the report explains how the G7 furthers discussed stablecoin initiatives and identified some key considerations that set a baseline for critical issues to be solved. Naturally, these comprise only a subset of the considerations necessary to address the full range of public policy priorities. The report is accessible here (pdf)
  3. Interview with Dimitrios Kokosioulis Deputy CEO, Group Head of Operations & IT at the National Bank of Kuwait 1st April 2019 The National Bank of Kuwait has already stated they are working on opening corridors, among them with Egypt, in an exclusive interview with Kuwait Times this year. Kuwait Times Kokosioulis https://news.kuwaittimes.net/website/technology-played-key-role-in-achieving-nbks-strategic-objectives-deputy-ceo/ Also Page 4 Newspaper in PDF version
  4. Thanks ^.^ I am fairly new around here though, I discovered XRP in Summer 2018, joined a bit later :3 What I am discovering in the wallets is making me very anxious. This is why I am providing information for the people with more knowledge than me in that area to give some explanation. None of my followers gave any explanation about this at all, we are all wondering and very stressed out because of this... What scares me the most is: Will those sales drastically impact the potential price increase of XRP during the next supposedly bull run to come ? Say, BTC goes from 3,200 (bottom) to 200,000 (peak of the bull run) = 62.5 multiplier XRP goes from 0.24 (bottom) to 3 (peak of the bull run) = 12.5 multiplier As if those sales constrain the price increase and act like handcuffs.
  5. In the last hours I went through the historic of these 2 wallets https://bithomp.com/explorer/r49yezViZ8N6FtwwKg9byDYtJ3UDuJi1zv https://bithomp.com/explorer/rHjJwY4maqRyUxCnJ9bNNQ2Tva9fe9T8ud These 2 are the main wallets used to transfer XRP from Ripple to exchanges. Supposedly, these XRP are not to stay on exchanges but sold eventually. Also, I added the CMC volume, the XRP sales calculation is to be changed since Ripple stated they would not base their calculation on the global volume anymore (because of wash trading). I added the information provided by Ripple in their reports (Programmatic Sales + Institutional sales + sales accounted for % of global XRP volume). The sales % does not match perfectly with the CMC volume, but it is highly correlated. Although, if Ripple says they sell x amount during a quarter, what about the massive XRP sent to exchanges ? Take the 2019 Q1, 169,420,000 XRP were sold (Programmatic + Institutional) according to the Ripple 2019 Q1 report. Although, what about those 969,090,008 XRP sent to exchanges from the 2 wallets ? I just gather information, I let those who are expert with investigating the wallets do the rest as my knowledge in this field is fairly limited. Sorry if the information in the picture is hard to read, I am noob with Excel...
  6. Christine Lagarde, President of the European Central Bank - Role and Impact Last week, the Europeans have finally found an agreement on the name of the future leaders of the continent. Among them, the post of the President of the ECB has been assigned to an outsider that we, french people know very well, Christine Lagarde. Is this nomination a good news for Europe ? Yes, without a doubt. First because Christine Lagarde has a solid experience of the international economics as the Managing Director of the IMF, until very recently. Also experience of politics, she was Minister of Commerce, Economics, Finance, Agriculture and Fishing under the presidency of Chirac and Sarkozy. Finally, she has a strong business experience as she was the first woman to lead a large law firm, based in Chicago, 15 years ago. Why is this post of the President of the ECB so important ? Because the President of the ECB is like the chef who adjusts the fire under the pans. By fixing the level of the interest rates, he or she defines the level of economic activity in the Euro zone. The members of the banks Council who vote to set these interest rates must therefore document themselves very accurately on the state of the economy in the different member countries in order to make the right decision. These members are essentially governors of national central banks. The President of the ECB, who was a man until now, an Italian Mario Draghi, has for task to get the Council to consensus. It is a position of influence, an essential position. And it is also the President and she alone who will speak publicly on behalf of the ECB, especially vis-à-vis the financial community, investors, markets, that are very attentive to the slightest word from the President of the ECB. Hence her words can resonate and strongly influence the gaze of regulators, as the former President Mario Draghi already adressed public statements on multiple occasions in regards to cryptocurrencies. Not to mention the very recent paper, published by the ECB, that indicate cryptocurrencies do not pose a threat to financial stability, especially in the Euro zone. "Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures" So, what is it that makes them so vigilant? The slightest word can make the stock markets fall all over the world, because it can be interpreted as a pessimistic diagnostic on the state of the economy, the central bankers are a bit like financial oracles, so they speak a very special language which is deliberately very little understood. As a matter of fact, Alan Greenspan, who was the Chair of the Federal Reserve of the United States 15 years ago, said But beyond that, by agreeing to settle at the ECB headquarters in Frankfurt, Christine Lagarde still takes one of the most difficult positions in the world. Why is it so difficult? Because the Euro zone is a baroque team of countries with very different levels of development and activities. It will therefore be necessary for her to find the policy of interest rates that is suitable for all. It is like finding a one-size-fits-all clothing that is suitable at the same time for large, small, etc. The Euro almost exploded because of these differences 7 years ago and it was precisely the President of the ECB of the time, Mario Draghi, who had just arrived, who saved the Euro by imposing to a part of the Council, particularly to the Germans, exceptional measures to help the southern States of the area that were victims of an unprecedented sovereign debt crisis. Christine Lagarde extends the lineage of many French leaders of international organizations, the ECB and especially the IMF, at the head of which there were 4 French. On a funny note, we have a lot of trouble selling our industrial products abroad, but for the export of top quality officials, we are doing pretty well.
  7. Cross-Border Payments to Become Faster, More Transparent, and Easier to Manage I see a lot of people on Tweeter talking about the AMEX article, namely: "Cross-Border Payments to Become Faster, More Transparent, and Easier to Manage" Many are speculating without thinking beforehand, I even read a naive comment on this forum that one random tweeter was "right about AMEX" after tweeting something about Google + AMEX + etc a couple days ago. I went to find it again, here it is, a comment from @Rindert22, about @TheCryptHawk (Tweeter handle), in the speculation sub-forums: Obviously garbage crypto websites, like this one newsbtc.com, also have their entry such as: Click on the image to go to the article But some of those people are going out of their mind with this and do not do proper research before tweeting anything related to it. If you look through the American Express articles page, you will find this page: In order to access the article "Cross-Border Payments to Become Faster, More Transparent, and Easier to Manage", you will have to click "Load More Articles" and scroll down a lot. There are no dates in these web pages, which is poorly handled from American Express in my opinion, not in the url, nor in the page itself. So, I looked for the publishing date from this web domain and here are the results: What is a Forward Contract—Really? (1st article in the list, as of today the 7/7/2019) Banking Study Highlights Need for Diverse Cross-Border Payment Services (way down below) Cross-Border Payments to Become Faster, More Transparent, and Easier to Manage (way down below +1) This article has been here for 11 months now. So, this so called "FOMO" and these "findings / predictions / shamanic visions / whatnot" are all facepalm material to me. 1. Use brain 2. Make action Some of you find me harsh but I stick to the truth.
  8. BIS to set up Innovation Hub for central banks Press release | 30 June 2019 The Board of the Bank for International Settlements (BIS) today approved the establishment of a BIS Innovation Hub to foster international collaboration on innovative financial technology within the central banking community complementing the already well established cooperation within the existing committees. https://www.bis.org/press/p190630a.htm Enable, Empower, Ensure: A New Finance for the New Economy Mark Carney, Governor of the Bank of England 20 June 2019 New Finance - New Bank That’s why a new finance demands a new Bank of England. Our strategy is to enable innovation and to empower competition, while ensuring monetary and financial stability. Our levers are the hard and soft infrastructure that we control: Our hard infrastructure, such as access to our balance sheet and access to our Real-Time Gross Settlement (RTGS) system, the heart of the UK payments system. And our soft infrastructure, such as our rules, regulations and standards. https://www.bis.org/review/r190627a.pdf Below is the speech (video) of Mark Carney at the Innovate Finance Global Summit 2019 in London, all the info are in my other post below
  9. Central Bank Payments Conference Berlin, Germany, 24 - 27 June Organized by (clickable image) http://www.cbpayments.com/
  10. Benjamin E Diokno: Beyond conventions - harnessing the BSP (Bangko Sentral ng Pilipinas) multiplier amidst shifting sands Chamber of Thrift Banks Annual Convention Makati City, 29 March 2019 The governor of the BSP starts with a few words on the change of direction of economics and finance. Then, a few minutes later he went on 3 great challenges The imbalance of global growth (steady in AEs, but slowdown in EMEs) Emergence of fragmentation (populism) Disruption provoked by the Fourth Industrial Revolution Shortly after, he said a few words about their monetary policy and how the recent developments allowed them to lower their Reserve Requirement Ratio, which will "help curb shadow banking given the rise of strong alternatives offered by fintech and digital innovation" Lastly, he gave a few words about regulation. Link to his speech
  11. Bruno Le Maire, French Minister of the Economy and Finance June 18 2019 Libra: Bruno Le Maire warns Facebook and refuses the idea of a "sovereign currency" Translation G7 of finance Chantilly, France, 17 - 18 July https://www.elysee.fr/en/g7
  12. International Money Transfer, Remittances & X-Border Payments Conferences Link to the page Link to the agenda (pdf)
  13. The Next Steps for International Cooperation in Fintech Opening Remarks by Christine Lagarde, Managing Director, IMF G20 High Level Seminar “Our Future in the Digital Age” Fukuoka, Japan June 8, 2019 Some sequences of her speech related to further cooperation with fintech and the use of crypto-assets down below, as well as her full speech. Link to her speech
  14. Payments for the people Introductory remarks by Mr Benoît Cœuré, Chair of the CPMI and Member of the Executive Board of the ECB, at the High-level meeting on financial inclusion, Basel, Switzerland, 27 May 2019. The Committee on Payments and Market Infrastructures (CPMI) promotes the safety and efficiency of payment, clearing, settlement and related arrangements, thereby supporting financial stability and the wider economy. More information about the CPMI provided here, from the BIS. Benoît Cœuré is a French economist who was appointed to the Executive Board of the European Central Bank (ECB) in 2011. You may have seen him in a very recent panel, at the Spring Meetings, moderated by Christine Lagarde a few weeks ago. See image below. Here are some of his statements and some keywords I found interesting Financial inclusion Fintech solutions Use of smartphone for payments Correspondent banking Cross-border payments Digital currencies Link to his speech
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