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Everything posted by JannaOneTrick

  1. GLOBAL BLOCKCHAIN POLICY FORUM I want to add 2 notes: If we refer to the current XRP liquidity in the Mexican corridor, we can assume there is approximately 500,000 USD going through it daily (2,170,000 XRP at best yesterday). This is exactly what Breanne said "half a million", and she said "if we want to start sending 10, 15, 100,000,000 USD, how are we scaling that liquidity?" @10:30 That would represent a 200 times fold increase compared to today's XRP usage in that specific corridor. Then, Breanne stated they incentive MM through their structured contracts, to give them a motivation to start injecting liquidity. "But the way we structured these contracts is such that we leave an opportunity for new liquidity participants to enter." @10:50 And because there are new participants, they see enough liquidity in the USD/MXN and so they do not need to further incentivize the market makers. I think it is correlated with the Q2 report in which it is said they would decrease the institutional sales as there is now enough liquidity to support the volume.
  2. Blockchain and Other Networks Sep 11th - Sep 13th 2019 Washington, D.C. https://www.ttivanguard.com/TTI-VANGUARD/Blockchain-and-Other-Networks This presentation was by far the best I have seen so far when it comes to the discussion about XRP. This is the kind of information we do not see enough in those presentations as Bradley explained in greater detail how the system works and the benefits to the ecosystem. But not only this, the audience was very receptive and communicative also. After the presentation, the audience showed great interest and had many questions all related to XRP. The video is set to start at the correct time but in case you need the time frames, He starts talking at 1:07:55 He ends talking at 2:01:25 Big shout out to @stuart_xrp for finding this The original video is now private so I replaced it with Alex Cobb' stream
  3. Live link is working, opening post updated with link. Tune in on September 13th for 3 sessions to which Ripple will attend. The event is hosted in France, so watch the time difference.
  4. Partnered with GuildOne's product (EBX) uses R3 Corda Settler and settles nearly instantly for energy organizations https://marketplace.r3.com/solutions/energy-block-exchange
  5. Jay Clayton Chairman of the US Securities and Exchange Commission Economic Club of New York 9 October 2019 According to Jay Clayton, what are the problems for a BTC ETF? - Holding, there was a lot of progress in the custody area, he does not see any issue with that. - Trading, since it is a highly manipulated market, not like the Equity market, it troubles him that there is no protection for the traders.
  6. Federal Reserve FedNow Service Webinar Monday, September 09, 2019 1:00 PM Eastern Time @MoonRockets asked this question
  7. Federal Reserve FedNow Service Webinar Monday, September 09, 2019 1:00 PM Eastern Time https://www.webcaster4.com/Webcast/ListenPage?companyId=577&webcastId=31164
  8. Digitalization moving forward in Central Banks Benchmark 6 September 2019 Available here Full document in picture
  9. https://www.commbank.com.au/guidance/newsroom/CBA-and-QTC-create-first-government-bond-using-blockchain-201701.html?ei=gsa_newsroom_QTC As I quoted Sophie Gilder earlier, their focus will switch to improve settlement efficiencies.
  10. 16 August 2019 Both the World Bank and the Commonwealth Bank of Australia wrote a press release about the progress of the World Bank's Bond-i. Each of them are available by clicking on the pictures below. ______________________________________________________________________________________________________________________________________________________ Actors related to the project TD Securities is a Canadian investment bank and financial services provider that offers advisory and capital market services to corporate, government, and institutional clients worldwide. ________________________________________________________________________ RBC Capital Markets is a global investment bank providing services in banking, finance and capital markets to corporations, institutional investors, asset managers and governments globally. Parent: The Royal Bank of Canada is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. ________________________________________________________________________ TCorp provides best-in-class investment management, financial management, solutions and advice to the NSW Government family. Parent: The Treasury of New South Wales or New South Wales Treasury, a department of the New South Wales Government, is responsible for state financial management policy and reporting, and providing advice to the government on economic conditions and issues in New South Wales, Australia.
  11. Speech by Mr Yves Mersch Member of the Executive Board of the European Central Bank at the the ESCB Legal Conference Frankfurt am Main 2 September 2019 I do not have the time right now to read it all as I am preparing for the fitness but I read it is "cartel-like", concerning and all Although its aim is legitimate to reduce x-border costs, the ECB launched TIPS a 24/7 instant payment embedded in TARGET2. The ECB values their own product as being safer and an overall better option "safer and more economical than questionable". BIS webpage of the speach https://www.bis.org/review/r190902a.htm Speach in pdf https://www.bis.org/review/r190902a.pdf
  12. Regulatory Framework I collected a few pieces here and there The crypto summer has been really boring so far, so I am trying to lighten it up Some of you might have seen it all, some of you might discover some clips Beyond bringing new information with this little piece I mostly want to bring comfort to investors
  13. OECD Policy Forum on Blockchain Paris, France 12 13 September Live link, on the image below: Ripple attends to 3 sessions All these sessions will take place on the Day 2 - 13 September ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- This session tackles on tax treatment ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Ripple and the SEC in the same session This session addresses the regulatory responses ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Ripple and the World Bank in the same session This session is focused on the use-case ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Flyer (with links on the flyer) http://www.oecd.org/daf/blockchain/OECD-Blockchain-Policy-Centre-Flyer.pdf Calendar of events http://www.oecd.org/fr/presse/calendrierdesevenements/ Agenda http://www.oecd.org/finance/OECD-Global-Blockchain-Policy-Forum-2019-Agenda.pdf OECD webpage dedicated to the event (and possibly the Live link) http://www.oecd.org/finance/oecd-blockchain-policy-forum.htm Twitter https://twitter.com/OECD_BizFin
  14. Liquidity Index for Bitso XRP/MXN For reference: 2.0E+06 = 2,000,000 Each blue bar = 1 day Look at the axis on the left hand side to know how many XRP are used For instance, about 1,200,000 XRP have been used today. Real time version https://docs.google.com/spreadsheets/d/1pZ2POpljERK-oV3rusaCmq58U2badn5i9WOCIP9Wtmg/edit#gid=1888946776 Source https://twitter.com/tenitoshi
  15. LONDON 2019 October 23 - 24 There are a few presentations that I find interesting. But I was mostly and highly anticipating a Corda Settler session. The session has been updated to: Also this session was added today: I heard this phrasing in my Bond-i research (which you can fully read + listen in the speculation subforums). CordaCon website
  16. The Economic Club of New York Winter/Spring 2019 Event Experience video The participants list is pretty astounding. Brad is featured at the end of the video and will be there during Fall. https://plus.smilebox.com/play?g=93c6e9bd-db42-4e13-9a76-fee067f88b42
  17. Hey guys, I just made a small video after the XRP drop from $0.3 to $0.25. I feel you, I wish I could ease your pain, talk sense into you all but only you can take decisions. All is in good motion (speculatively and adoption wise). Take great care <3
  18. 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
  19. Hey guys, I wanted to share with you a video I made on fiatleak after monitoring it for a while. You can consider it as a highlight of the day. I noticed the movements were coming by waves in between moderately long pauses (a few minutes). My tweet says I recorded it on the 8th August, but I recorded it on the 9th, yesterday. I have been monitoring fiatleak for a solid amount of time and the waves you can see are only a very recent event that puts a smile on my face every time it occurs. Not long ago, it was only the USD market that was streamlined. Also the volume on the 24H is constantly raising, even though it is Saturday, the XRP volume has increased by a few hundred of millions. Anyway, enjoy this little piece <3
  20. Finextra & SEB at the Ebaday 2019 Interview with Paula da Silva Head of Transaction Banking at SEB Banking is a very traditional business, we live with a lot of legacy systems and we need to get away from that and just develop new ways of thinking. I think fintechs are showing us the way. About blockchain: We should be talking about use cases and how we can leverage off that new technology. We are primarily using it for trade finance with R3 and several other friendly bankers embarking in our project called Voltron. Voltron involves a lot of players such as transportation firms, legal firms and banks where we can help our customers get their goods and be paid for them. She was involved in a panel on how banks can facilitate a change in the society and be embedded in the different ecosystems that we see emerging both to make it more sustainable and to make it real-time (human tasks, not settlements) so that you don't do your job and banking on the side. It needs to be connected We have to develop real-time capabilities both within our own countries but also cross-border and not only for private individuals (ie. remittances) but also for corporates (ie. Import/Export)
  21. European Central Bank 26 July 2019 https://www.p2pfisy.com/
  22. Q3 - Paradigm shift on the buying pressure of XRP Janna's interpretation After a very exhausting 2018 year during which the XRP/BTC chart was going in oblivion and a half of the 2019 year also quite frankly unsatisfying considering the +/- 300% surges of some of the top 15 coins, reading the Q2 2019 XRP Markets Report I personally felt a huge relief, which I have not really expressed because I am quite the private person. But here I will explain my reasoning and my own interpretation of what is most likely happening. Q2 2019 XRP Markets Report Before going any further, I will point out some key information which are coming straight out of the report. Since 2017, Ripple began providing XRP to meet FI's demand through the OTC desks in response to a lack of liquidity. The direct impact was obviously felt from everyone who had invested in XRP and even today. The price plummeted not only because of the BTC 85% drop, since XRP price is highly correlated to BTC, but in a more stealthy way from the strategy implemented by Ripple. During the past weeks, many members, myself included, were collecting information regarding the XRP exchanged on the network. Personally, I was trying to find comfort, because this is how I cope with it. Being still a fresh member, of this community and also an investor in this asset, my understanding of the network is ongoing. What was the most devastating to me and most likely to some other members was that the XRP exchanged and thus sold (for the most part) were a direct cause of the price being dropping / stagnant / sluggish compared to BTC slightly dropping / stagnant / increasing. Although, as stated in the report, this very strategy is the necessary step prior to what is coming. Since 2017, there is institutional demand for XRP which has heavily been sourced by the OTC desks, resulting in sale pressure (mostly observed on the XRP/BTC chart). I was explaining the XRP/BTC chart with mainly one factor, the performance of XRP compared to BTC throughout the whole bull phase (2015 - 2017). BTC bottom: 180 (January 2015) BTC peak: 19,000 (December 2017) BTC multiplier: 105 XRP bottom: 0.004 (December 2015) XRP peak: 3.8 (January 2018) XRP multiplier: 950 While this factor is a heavy participant in the equation of the XRP/BTC chart going downward to oblivion ever since the bull run was exhausted, throughout 2019 the trend was still ongoing while other top 15 assets were drastically increasing. In the report, Ripple states they decided to make a switch pulling back from providing XRP over-the-counter at scale toward the end of Q2. The key word is "decided", it does not mean they did it right away. Although, toward the end of Q2 it is true the sales had decreased, but it is only 1 of the 2 parts of the equation. Provide XRP to FI through the OTC desks Provide XRP to FI through the open-market (exchanges) Paradigm shift Throughout the month I observed a new trend on the XRP/BTC chart, starting the 11th July. The trend is ongoing and obviously translates into XRP gaining traction over BTC, but this is pretty new and I have not all the necessary information to confirm my theory, so I cannot say with full confidence I am right. As I said earlier, this is all my own interpretation. I think Ripple started providing XRP to FI through the open-market this month, meaning there is now enough liquidity from the exchanges for the current institutional demand. This results in buying pressure which translates into the XRP price soaring. We do not see the effect as of yet because XRP is still heavily coupled to BTC and BTC having recently surged a lot now needs momentum to find some new grounds. So in fine, BTC price dropped from 14k to 9k, which resulted in XRP price going from 0.5 to 0.3. But, now I want to focus on the 07/11/2019 to 07/26/2019 time frame and compare both BTC and XRP performances over the past 2 weeks. 07/11 Midnight UTC +2 BTC: $12,044 XRP: $0.36000 07/26 10 am UTC +2 BTC: $9760 XRP: $0.31300 BTC lost 19% of its value XRP lost 13% of its value I had noticed both BTC and XRP were finally moving in tandem, but given the information provided in the Q2 report together with the very recent trend I observed, it looks like the buying pressure from the institutions could be resulting in the XRP price slightly gaining traction. Again, this is all too new and I cannot confirm everything. But if Ripple started not only to decrease their sales OTC and also started providing XRP to FI through the open-market, then the direct consequence would be XRP/BTC moving upward, or at the very least a relative reduction of the XRP/BTC downtrend (depending on the % of the XRP allocated to OTC and open-market). Obviously, if the trend for BTC was moving upward, we would notice it even better. I am eager to see how the trend will play out but I feel much more positive after reading the Q2 report coupled with my observations of this very recent trend.
  23. Q2 2019 XRP Markets Report 24th July 2019 Q1 escrow: 2.30 billion XRP were returned to escrow. Q2 escrow: 2.10 billion returned to escrow. xRapid transactions increased 170% from Q1 to Q2. Ripple had a 30% increase in the number of live xRapid partners in Q2. Ripple decided to pull back from providing XRP over-the-counter at scale toward the end of Q2, in light of the OTC desks’ ability to source institutional demand for XRP in the open markets. Going forward, Ripple plans to focus institutional sales on markets where the on-exchange liquidity for XRP is insufficient to meet institutional demand. https://www.ripple.com/insights/q2-2019-xrp-markets-report/
  24. 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
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