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Ripple (XRP) Achieves a Major Milestone: Details
https://cryptopotato.com/ripple-xrp-achieves-a-major-milestone-details-2/
BRICS Plans Gold-Backed Currency Launch by September: Potential Boost for Bitcoin and XRP
https://cryptoadventure.com/brics-plans-gold-backed-currency-launch-by-september-potential-boost-for-bitcoin-and-xrp/
5 Countries In Asia That Want to Join BRICS in 2024
https://watcher.guru/news/5-countries-in-asia-that-want-to-join-brics-in-2024#:~:text=With%20strong%20ties%20with%20certain,2024%20to%20join%20the%20bloc.
"...Japan is already working with BRICS founder China on de-dollarization efforts. Hence, it is possible that Japan’s interest in joining BRICS could be rising.
The Japanese Yen is gaining on the US dollar, as the greenback continues to struggle. Furthermore, the Asian nation and Saudi Arabia have also worked on a digital economic partnership. With strong ties with certain BRICS nations already, Japan may look to take the next step in 2024 to join the bloc..."
Malaysia Is Planning to Join BRICS, Anwar Says Ahead of Li Visit
https://www.bloomberg.com/news/articles/2024-06-18/malaysia-is-planning-to-join-brics-anwar-says-ahead-of-li-visit
BRICS: Trade With Australia Reaches Record High of $145 Billion
https://watcher.guru/news/brics-trade-with-australia-reaches-record-high-of-145-billion
Xi, Putin Score Wins as More Asia Leaders Aim to Join BRICS
https://www.bloomberg.com/news/articles/2024-06-21/more-asian-nations-want-to-join-putin-and-xi-in-expanded-brics
interesting...
5 Trillion moving around today, it will set the tone for the next few months, maybe decade, depending on what Fear level the Bond Market is really into.
Consensys Says Ethereum 2.0 Is Safe From the U.S. SEC, but Ripple’s CLO Says ‘Questions Remain’
https://www.cryptoglobe.com/latest/2024/06/consensys-says-ethereum-2-0-is-safe-from-the-u-s-sec-but-ripples-clo-says-questions-remain/
Cardano (ADA), Ripple (XRP) Targeted by Short Traders Amid Post-Relief Bounces
https://cryptopotato.com/cardano-ada-ripple-xrp-targeted-by-short-traders-amid-post-relief-bounces/
Heavy Shorting on ADA and XRP
"...According to the data shared by Santiment, the finding rates for both ADA and XRP on Binance have spiked into positive territory multiple times, indicating a dominant shorting vs. longing ratio since September 2023 for the former and May 2024 for the latter.
The recent upticks may have led traders to believe that a downtrend is likely, thereby prompting many to short the two altcoins.
However, Santiment believes this heavy shorting activity could be a positive signal for “patient bulls.”..."
CME led the pack for options trading with BTC. It’s the reason it went from 68k to 20 something.
What is a crypto hedge fund?
https://capital.com/crypto-hedge-funds
"...According to the US Securities and Exchange Commission (SEC), hedge funds are investment vehicles that pool money from various investors with the goal of getting positive returns.
Hedge funds are typically limited to wealthier investors who can afford higher management fees and the risks of hedge-fund investing. Moreover, participation in hedge fund investing also demands a high minimum deposit.
The SEC added that hedge funds are not regulated as heavily as mutual funds. They have more leeway to pursue high-risk investments and strategies by using leverage, short-selling and other speculative financial instruments..."
Crypto hedge funds and venture capital firms
"...As crypto hedge funds and institutional cryptocurrency investment firms typically invest a big chunk of funds in coins and token – much higher than an average retail investor – they possess high liquidity in an asset. This increases their influence on the price, which is why it’s important for retail investors to be aware of what institutional players are doing.
It should be noted that not all the companies mentioned in this article are cryptocurrency hedge funds. Some are venture capital firms that assert equal or more influence over cryptocurrency markets, like their hedge fund counterparts..."
Bitcoin and Ether ETFs entice short sellers.
https://www.spglobal.com/marketintelligence/en/mi/research-analysis/bitcoin-and-ether-etfs-entice-short-sellers.html
Bitcoin rally could mean more pain for hedge fund short - J.P. Morgan
https://seekingalpha.com/news/4044358-bitcoins-price-could-be-more-linked-to-hf-shorts-upside-than-thought-jp-morgan
This Crypto Hedge Fund Is Shorting XRP and Zcash – Here’s Why
Daily Hodl Staff February 11, 2020
https://dailyhodl.com/2020/02/11/this-crypto-hedge-fund-is-shorting-xrp-and-zcash-heres-why/
interesting...apparently there are 'hedge funds' out there targeting altcoins...like XRP...makes one wonder what they are up to nowadays...'reading the tea leaves'...good luck to all...
XRP Short Traders Log Highest Losses in 2023 After Landmark Court Ruling
https://finance.yahoo.com/news/xrp-short-traders-log-highest-041702008.html
XRP Derivatives Data Analysis
https://www.coinglass.com/currencies/XRP
interesting...
Crypto Markets Bounce As Hedge Funds Pile On Bitcoin Shorts
https://thedefiant.io/news/markets/crypto-markets-bounce-as-hedge-funds-pile-on-bitcoin-shorts
Popular Hedge-Fund Trade Pushes Bitcoin-Futures Shorts to Record
https://www.bloomberg.com/news/articles/2024-06-11/popular-hedge-fund-trade-pushes-bitcoin-futures-shorts-to-record
Hedge funds sue SEC over new short selling rules in wake of meme stock mania
https://www.marketwatch.com/story/hedge-funds-sue-sec-over-new-short-selling-rules-in-wake-of-meme-stock-mania-3364f897
Is there a date when this happens ?
‘Insane amount’ of Bitcoin shorters are hoping it won’t go to $70K
"...A hefty amount of Bitcoin short positions will be wiped if Bitcoin returns to $70,000, a price level it hasn’t seen in 12 days..."
https://cointelegraph.com/news/bitcoin-short-liquidations-price-crypto-analysts-data
Immediately settlement with SEC $3.50 in a blink
XRP is the best coin, blows Bitcoin away. XRP is Rudolph the red nose reindeer it was left out of all the reindeer games.🔴🦌 $100 TARGET
BTC still influences them all. Even XRP, the real key to disconnect is SEC, central banks, and the signs will be when it cycles with BTC but in an up trend.
Ripple coin, CEO just on CNBC
Mega is front running XRP
XRP’s Roadmap To Success: Analyst Forecast A Strong Bullish Turn In 2024
https://www.mitrade.com/insights/crypto-analysis/xrp/newsbtc-XRPUSDUSDOLLARF-202406200905
XRP in the Spotlight
https://cryptoquant.com/insights/quicktake/667140b593c30073780d6722-XRP-in-the-Spotlight?utm_source=twitter&utm_medium=sns&utm_campaign=quicktake&utm_content=woominkyu
Pretty soon, everyone will be posting on this board🤣😂🤣😂 $10 TARGET
Imagine buying BITCOIN When it was $0.50 XRP $0.50🤑woohooooooooooooooooo
WOW! XRP 🤑🫱 I keep buying dips 😜💰💰💰💰💰💰💰🚀🚀🚀🚀🚀🚀🚀woohooooooooooooooooooooo
A study on Non-Performing Assets Cases and Cryptocurrency in Japan
https://drive.google.com/file/d/1zfyv-WeWKYu6GBgxZaZf14J1urcPBFAj/view
interesting perspective on XRP in Japan...imo...fwiw...looking forward to the World Expo in Osaka next year...cheers...
XRP is More Popular in Japan Than the U.s.
"...With nearly 1.36 billion units traded in February 2022, XRP was the cryptocurrency with the highest spot trading volume in Japan. In the same month, Bitcoin, which had the highest trading value, had a trading volume of about 180 thousand units as shown in Figure 2..."
Figure 2 Leading cryptocurrencies in Japan in February 2022, by spot trading volume (in million units).
"...With a lawsuit from the Securities and Exchange Commission, Ripple has had a turbulent year in the US over the past year. However, Japan is where Ripple is most well-known. In actuality, a significant portion of XRP’s price movement has been caused by Japanese investors buying the cryptocurrency and driving the price up..."
Why Japanese like XRP
"...Many Westerners don’t understand why Ripple has become so popular in Japan. Once one is familiar with Japanese customs and the confidence that Japan’s largest venture capital fund has in Ripple, the whole thing becomes clear.
The partnership between the most reputable venture capital firm in Japan, SBI Holdings, and Ripple has been the primary driver of Ripple’s success in Japan. In 2017, SBI Holdings invested close to 300 million in Ripple. In the SEC lawsuit, this investment was cited as an improper sale of a security to SBI Holdings. Even the founder of SBI Holdings and a board member of Ripple tweeted about the new all-time high of XRP, which was also referenced in the lawsuit.
Despite Ether’s position as the second largest cryptocurrency by market cap, some Japanese crypto investors may find XRP to be a more appealing investment.
According to the results of a survey published on Twitter by Japanese cryptocurrency exchange BITMAX on June 12, Bitcoin’s popularity among Japanese traders is comparable to that of the XRP token’s. 25% of the 1,498 respondents said XRP was their favourite cryptocurrency, compared to 26% who said BTC was their favourite. And 9%, Ethereum ETH ranked third..."
The Great Exodus: Why Are Japanese Investors Choosing XRP Over Bitcoin?
https://www.newsbtc.com/news/ripple/xrp-over-bitcoin/
Good chance you may be right. But the (clown)I mean message after yours does not help.Still!
Do not see much happening for another 5 months. Nothing put press.
Not only are you getting very annoying. But your answer is NO! lol
Find a new board.
Something tells me a certain pres. campaign is now putting the screws to the SEC after seeing the votes that will be lost due to hammering crypto. Just a gut feeling.
SEC Permanently Suspends Ethereum Investigation; Will Ripple be Next?
https://thecryptobasic.com/2024/06/19/sec-permanently-suspends-ethereum-investigation-will-ripple-be-next/
interesting...the plot thickens...
interesting comment Alpha611...thanks for the encouragement...good luck to you...
"...The human life is too short. Reason why everything is moving so fast.
The world needs things to slow down to enjoy what's left of it. But that can't or won't happen.
So best option for doing so or getting some of it back is to have patience. For me it always pays in the end.
Be happy! Time heals all..."
Ex Federal Reserve Discusses Ripple and XRP Role in US Public Policy
https://thecryptobasic.com/2024/05/17/ex-federal-reserve-discusses-ripple-and-xrp-role-in-us-public-policy/
some interesting points of nexus out there...?
Is Ripple the Hidden Link to IMF’s Global CBDC Platform?
"...IMF reveals hidden link with Ripple, considering it a potential problem solver for digital central bank currencies..."
https://dailycoin.com/is-ripple-hidden-link-to-imfs-global-cbdc-platform/
IMF 2023 Doc Positions XRP as a Solution to Enhance Cross-Border Payments
https://thecryptobasic.com/2023/07/19/imf-2023-doc-positions-xrp-as-a-solution-to-enhance-cross-border-payments/
Did You Know: IMF Silently Recognized XRP In 2018
"...International Monetary Fund (IMF) began helping governments develop Central Bank Digital Currencies (CBDCs), but XRP was always in the loop..."
https://coingape.com/did-you-know-imf-silently-recognized-xrp-in-2018/
Rise of Digital Money: Implications for Pacific Island Countries
https://www.imf.org/en/Publications/Departmental-Papers-Policy-Papers/Issues/2024/02/21/Rise-of-Digital-Money-Implications-for-Pacific-Island-Countries-543239
XRP News Today: IMF Report Delivers XRP Rally Amidst Ongoing Legal Battles
February 27, 2024
https://www.nasdaq.com/articles/xrp-news-today:-imf-report-delivers-xrp-rally-amidst-ongoing-legal-battles
XRP Army Finds Ripple Link To IMF As It Announces CBDC Platform
https://bitcoinist.com/xrp-army-finds-ripple-link-imf-cbdc-platform/
IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency
Bitcoin "puts a question mark on the fractional banking model we know today."
https://fee.org/articles/imf-head-predicts-the-end-of-banking-and-the-triumph-of-cryptocurrency/
WorldBank: CENTRAL BANK DIGITAL CURRENCIES FOR CROSS-BORDER PAYMENTS
https://documents1.worldbank.org/curated/en/369001638871862939/pdf/Central-Bank-Digital-Currencies-for-Cross-border-Payments-A-Review-of-Current-Experiments-and-Ideas.pdf
LMAO!
Who are you? Who do you work for and why do you keep promoting this garbage.
IMF Issues Serious U.S. Dollar Collapse Warning As The Fed Primes Bitcoin, Ethereum And XRP For A Crypto Price Boom
"The International Monetary Fund (IMF) has warned of a "striking" decline in the U.S. dollar's share of allocated foreign reserves of central banks and ..."
https://www.forbes.com/sites/digital-assets/2024/06/17/stealth-erosion-imf-issues-striking-us-dollar-collapse-warning-as-the-fed-primes-bitcoin-ethereum-and-xrp-for-a-crypto-price-boom/
"XRP will do for banking what email did for communication"...interesting post by Mr_Xoom on X...enjoy...
XRP will do for banking what email did for communication ;) pic.twitter.com/xeoM5ZajYq
— xoom (@Mr_Xoom) June 17, 2024
XRP is much better and will be much more widely used then ether, watch the gap go away. right now its 0.0001458 ETH to 1 ERP. watch that get closer to 1:1
XRP😎 💰💰💰💰💰💰💰💰💰💰💰🚀🚀🚀🚀🚀🚀🚀🚀🚀
Ignore the press!
Still waiting for this tomato plant to flower.
👍️ hey hey heyyy! You go Danny boy.
The re-flippening happened today. Will it last?
I will settle for both (XRP and TON) going up.
Which token is more likely to take part in the promised upcoming parabolic phase of this bull run? So far, it has not been XRP. Does that mean it is due?
Japan along with BRICS nations make up 3 of the 5 largest economies in the world. WWIII has started, but it may be faught solely against the US dollar and petrodollar. Even me, along with most of the world, is tired of the swamp in this country. Free markets require free trade, which will require XRP for cross border transactions. Gold and XRP will be bunk buddies for decades.
World Expo 2025...Osaka Japan...
https://www.expo2025.or.jp/en/overview/
Ripple Exec on SBI Initiative: "This Is Going to Be Huge"
https://cryptonews.net/news/altcoins/28888170/
"...SBI intends to use the XRP Ledger in order to issue visitor non-fungible tokens (NFTs) for Expo 2025, an upcoming World Expo that is going to be held in Osaka, Japan.
It will be possible to get NFTs of MYAKU-MYAKU, the official character of the EXPO, by visiting the Expo and completing various missions. Visitors can also get additional NFTs if they use the Expo mobile app.
It is worth noting that the event is going to attract 28 million visitors..."
"...World Expos, which are meant to shine light on scientific, economic, and technological progress, have to be restricted to every five years. The most recent World Expo took place in Dubai, the UAE in 2020. Prior to that, it was held in Milan, Italy, in 2015.
The very first World Expo took place in London, the UK, all the way back in 1851. These massive events then became regulated with the establishment of the Paris-based Bureau International des Expositions in the late 1920s..."
"...The World Expo In Osaka is expected to last from April to October 2025. Japan also hosted such an event in the 70s and the 90s. The future World Expo will be focused on saving, empowering, and connecting lives. It will be held on an artificial island in Osaka Bay, which is located close to the mouth of the Yodo River..."
Japan’s SBI Group Plans to Issue NFTs Built on XRP Ledger for World Expo 2025 in Osaka
https://cryptonews.com/news/japans-sbi-group-plans-to-issue-nfts-built-on-xrp-ledger-for-world-expo-2025-in-osaka.htm
Osaka Digital Exchange to Launch Trading of Japan’s First Digital Securities on December 25
https://cryptonews.com/news/osaka-digital-exchange-to-launch-trading-of-japans-first-digital-securities-on-december-25.htm
Crypto-Friendly Osaka
"...The World Expo 2025 will be held in Osaka, Japan, In 2023, it emerged Osaka Digital Exchange Co. is set to revolutionize Japan’s financial landscape by introducing the country’s first-ever digital securities trading.
Osaka Digital Exchange (ODX) launched Japan’s first-ever digital securities trading. The platform will feature security tokens issued by real estate firms Ichigo Inc. and Kenedix Inc., with the inaugural trading focusing on securities backed by property investments from Ichigo..."
NFT’s minted on the XRP ledger at the World Expo 2025 🏁👀 https://t.co/WfPcCyLwzQ
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) April 18, 2024
XRP Jumps 5% After SEC Crypto Enforcement Chief Resigns
https://cryptonews.net/news/analytics/29251407/
traction after .55 achieved again. Admin handlers simply reacting to Trump's newfound support for crypto, specifically BTC domestic miners.
Surprising Tone Shift: Biden Administration Officials To Attend Key Bitcoin Roundtable In DC
https://zycrypto.com/surprising-tone-shift-biden-administration-officials-to-attend-key-bitcoin-roundtable-in-dc/
SEC crypto chief quits
David Hirsch worked at the Securities and Exchange Commission for nine years, and ran its crypto asset and cyber unit for two.
https://www.bankingdive.com/news/sec-crypto-cyber-chief-quits-David-Hirsch/719134/
SEC's Crypto Chief David Hirsch Resigns After Nine Years
https://www.financemagnates.com/executives/secs-crypto-chief-david-hirsch-resigns-after-nine-years/
Sounds good but thoughts are NOT MONTHS but years.
1 day, Won't justify after not months but years of doing so. / GL
XRP Officially Decouples From Bitcoin
https://u.today/xrp-officially-decouples-from-bitcoin
"...XRP outperforming every single cryptocurrency in top 100..."
"...Ripple-affiliated XRP cryptocurrency has managed to decouple from Bitcoin, the largest digital asset by market cap, after months of underperformance. The XRP/BTC pair is up as much as 7% on the Binance exchange over the last 24 hours. It is now on track to record the biggest spike against Bitcoin since March 11. Back then, it soared by a whopping 13% against the leading cryptocurrency within a single day. .."
Deposit Tokens Gain Favor in Commercial Banking
https://www.pymnts.com/blockchain/2024/why-deposit-tokens-rule-tokenization-landscape/
NOTE: tokenization of real-world asset use cases growing...new market opportunities emerging...very interesting...
(excerpt form article) "...While there exists a variety of “tokens” within the 21st-century payments and financial services landscape, with innovations ranging from cryptocurrency tokens to tokenized payments, it is a third token, tokenized commercial bank assets — or deposit tokens — that are increasingly being embraced as liquid means of payment and stores of value in blockchain-native environments.
Ripple and Archax announced Thursday (June 13) that they extended their existing partnership, aiming to bring hundreds of millions of dollars of tokenized real-world assets onto the XRP Ledger. The move shows that meeting the demand for blockchain-native cash equivalents is top of mind for firms.
As the digital transformation of finance accelerates, the landscape of money is evolving rapidly and tokenized deposits represent an advancement in the way banks and their end-users perceive and use digital currency, bridging the gap between traditional banking and the world of blockchain technology.
Deposit tokens are digital representations of traditional bank deposits, issued by regulated financial institutions and backed 1-to-1 by fiat currency held in reserve. Unlike cryptocurrencies such as bitcoin or ethereum, which are decentralized and often subject to volatility, deposit tokens offer stability and reliability by ensuring each token corresponds to a specific amount of fiat currency. This backing by real-world assets provides a layer of trust and security that is necessary for widespread adoption..."
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A Digital Asset Built for Global Payments
International payments, especially in emerging markets, require businesses to hold pre-funded accounts in destination currencies. It’s a costly endeavor that ties up resources. RippleNet provides an alternative. While any financial institution on the network enjoys reliable, instant and lower-cost transactions, those who use the digital asset XRP to source liquidity can do so in seconds—freeing up capital and guaranteeing the most competitive rates available today.
How On-Demand Liquidity Works
RippleNet customers can use XRP to bridge two currencies in three seconds, ensuring payments are quickly sent and received in local currency on either side of a transaction.
Faster, less costly and more scalable than any other digital asset, XRP and the XRP Ledger are used to power innovative technology across the payments space. RippleNet customers can use XRP for sourcing liquidity in cross-border transactions, instead of pre-funding—ensuring instant settlement, lower exchange fees and more efficient use of working capital. This same technology is also leveraged in use cases for micropayments, e-commerce, exchanges and peer-to-peer services. XRP and the XRP Ledger are open-source technology that anyone can build on. To get started, learn more at XRPL.org.
GET TECHNICAL WITH XRP
https://xrpl.org/
BENEFITS OF USING XRP...
FAST - Payments moving across the XRP Ledger settle in 4 seconds.
SCALABLE - XRP consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa.
DISTRIBUTE - Open-source technology, built on the principles of blockchain with a growing set of validators.STABLE - XRP’s seven-year track record of stable technology and governance makes it ready for institutional and enterprise use.3-5 Days
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