Working on the big PENSKE project
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A new bill has been proposed to change the definition of a digital security and a digital asset.
If it passes, and can be applied retroactively and clear Ripple from this lawsuit.
I read somewhere that the cred holders will get songbird for xrp held on Cred. Pretty sure uphold is participating
Will Nexo distribute the Songbird (SGB) tokens airdropped from Flare?
I love to see engagement from the XRP community. We have a positive development for them that will be announced soon, so stay tuned. Now, about the airdrops, our team is leading discussions with Flare about how to best protect the interest of XRP holders. We will update you as soon as we know what the outcome of our talks with Flare is.
Just further evidence that xrp is not a security. That we are not reliant on one enterprise only. SBI is opening a corridor to use xrp for utility and that is what is driving the price.
They are attributing price to the Japan news. Maybe this is a new ODL corridor Japan to Philippines.
A new ODL payment rail is big news.
An article that ripples ODL goes live in Japan. Maybe that ?
I’m only watching a few of the big ones and they did not spike nearly as high. This one seems a little more xrp specific.
Or quite the opposite. Some are saying it was an orchestrated power play. By senator telling the sec to hurry up and provide clarity, it is as if they are saying hurry up and get the guidelines in for how you will have complete control over how you will oversee crypto.
Some feel it should be CFTC or some new form of oversight. Not 100% sec. this is like a senator handing the keys over to sec. not a good thing.
Hinman gets questioned today, Gary Gensler opened a Twitter account yesterday. And senator warren wants sec to provide clarity update by tomorrow I believe.
I think this will be a week of a lot of updates. Maybe not all good. But things are happening
Gman are you ready to collect your songbird tokens now as an xrp holder. You following all this shi…stuff
And just like that, we are heading back down. It was a dead cat bounce
Our commissioned tax analysis concludes that the method by which users claimed their Spark would constitute a forward arrangement such that the subsequent 85% distribution would be treated as having the same value as the initial 15% “day zero” distribution.
Flare tax advisors said above and flare just tweeted it out.
Another tax advisor said to declare it all as gift from a foreign corporation.
Both are methods to filing as non taxable income. Not sure which one is better approach.
And if the exchange we use to facilitate flr does not want to participate in flare finance airdrop or this songbirid airdrop we are SOL. But they won’t talk about that
Something will stick. Cross boarder. Line of credits, tokenization. Gaming. Speculative investment. It will all start eating away at the supply and raising the demand.
Just take one government to really absorb up that circulating supply
Xrp is the going to be behind the scenes moving value everywhere. People on tbe front end may be clueless what they are using but they don’t need to know or care. They jist want it to be fast transparent and cheap.
We don’t care how are emails are sent. We just hit send.
These giants are all partnered and intertwined with each other.
The round was backed by notable investors, including Japanese financial services giant SBI Group, Visa, the World Bank Group’s International Finance Corporation, BNP Paribas and Thailand’s oldest bank Siam Commercial Bank.
Existing investors, including Notion Capital, GV (formerly known as Google Ventures) and Accomplice also participated in the round, according to an announcement Monday. Notably, SBI Group and GV, are also investors in blockchain remittance firm Ripple.
Just wish xrp was a part of it.
I will buy what I can if it touches 0.48. Have a limit order in
I don’t think it had to be approved by the chairman. I could be wrong, but if there are 5 commissioners and Gary believes Ripple was wrongfully sued, then that would make it 3 to 5 and a majority vote would have been there to drop the case or come up with a favorable settlement. Tbe case has pressed on and Gensler has not made 1 public statement.
There is old footage of him saying he believed xrp was a security and that it will be up to tbe courts to decide. I have to seen anything to convince me he has changed his mind. He even ignored a 35k petition to just have him make a statement. He wouldn’t even do that.
Bad day for price, another good day for Ripple lawsuit. 2 of 5 commissioners issued a public statement last week that there is no clear guidance with digital assets and howie test is not sufficient.
That statement was just filed as support today with another request to dismiss charges against brad and Chris at Ripple. That letter will be great support for fair notice defense with judge.
There is now a divide within the sec. those 2 commissioners just handed evidence over to ripple to be used against them. That was planned. It is going to get ugly.
Yes market moves in tandem. Xrp is not moving up or down as a direct effect of Ripple or world adoption utility YET.
Sec motion to quash Hinman deposition denied! Judge said case is very unique and believes calling in a former sec director would not set a precedent because this case is not like others. This case could determine policy going forward. I believe tbe nidge recognizes tbe public interest in this case. We consistently max out the phone lines
In the us for some reason it is not allowing me to do that. I believe there is added incentive to do that so if you can I would. The coin has been doing really well and getting a % of your assets in Nexo only further boosts your return on everything else in the platform.
Nexo coin has just recently transitioned from paying quarterly dividends, to paying daily earn rewards similar to other cryptos.
I’m a bit of an xrp maximalist so I have just been putting everything into xrp with idea it will grow to astronomical levels so it is best to jist get as much xrp as I can and lock it up for 5% , rather than owning less xrp and buying Nexo for the higher earning rate.
Short term this has not paid off but hoping long term it was the right move.
Get your crypto and get it on. Eco ASAP. You are laying the foundation to provide you passive income to relieve that financial burden or perhaps give you financial freedom.
Let’s say xrp shoots up to $10 on a court victory or a central bank partnership announcement. Are you going to rush and buy more at 10 when you were getting it at 0.60?! Not likely.
But when it sits in this Nexo wallet it keeps growing at same rate regardless of how high xrp will ever get.
I have spaced out my fixed lockup’s to 6 traunches all spaced out 5 days. So I am receiving the 5% rate and have xrp available every 5 days.
Right now I am just rolling everything forward to new fixed loans but when xrp starts hitting double digits, I plan to roll initial balance and withdraw the interest.
The idea is to never sell the initial xrp once it takes off and live off the interest. Or use the interest to diversify into another passive income stream.
Yeah I need to do those instant settles with visa because I want it over in Nexo ASAP.
The only way I can pay using visa is to use my debit card which is linked to checking. So it’s not really credit, but it gives me instant access.
If I had jist selected my bank, then I get tbe xrp at that moment, but it sits there for a few days until cash settles and then I can move it.
I can’t use a straight up visa credit card though.
This is why the xrp ride is not over. Cross boarder remittances is a massive use case. One, if done right, will use up the entire supply.
But what happens when Ripple takes on another use case like this below!
It’s open source platform. Eventually some of these cases will stick and use up the supply.
One developer said anyone who tells tou what xrp price will be is lying. It will eventually be based on number of assets on the Ripplenet. If a large bank or Corp or govt wants to put a 100 billion of assets or debt on Ripplenet and then xrp could go up kind of like a flip the switch scenario.
https://www.fxcompared.com/magazine/news/ripple-announces-new-push-tokenised-services
Much appreciated. Tbe referral thing is somewhat new. I have been praising uphold for 3 years without it. I wanted to get xrp without having to deal with crypto conversions or international wires.
Uphold is based right in San Francisco a block from Ripple head quarters. One of the first to offer a direct purchase of xrp with our fiat currency. In my case USD. I synced up my checking account.
If you purchase with a visa/debit, you can move that xrp anywhere you want immediately or leave it there. If you pay with checking, it will be purchased instantly, but it will take a few days for payments to settle before you can move your xrp.
I don’t get this next referral but after I purchase my xrp, I transfer it to a wallet on NEXO. If you keep it there tou earn 4% apr interest paid to your in xrp daily. If you agree to lock any portion of tour xrp up for 30 days you will get 5% apr.
Uphold. Can buy directly using your cash. One of the first to sell xrp and still do today.
Hi, I'd like to invite you to use Uphold. Create your account and try out one of the easiest and most cost-effective trading experiences.
https://uphold.com/signup?referral=a9b2a523db
It’s not always the asset itself that is in question. It was the manner it which it was sold that can make it a security.
If I sell you tokens for a laundromat that is still being built, that is a security. If it is up and running and I sell you those same tokens, than it is not.
Having said that, I believe SEC will argue that xrp even today is a security. I don’t agree with them
Can’t you tell xrp is going to save us all?!
If you ask anyone it’s always a couple weeks out. At this rate, they haven’t even announced a future date so I think they are running late. I would guess very end of July. They will get a lot of bad publicity if they don’t drop it in July. Everyone will be asking and the trolls will come out and say it is all fake
I don’t get from a speculative standpoint even, how xrp can’t hold a dollar. I mean the chances of them winning the court case are pretty good, and chances of stealing 2 to 10% of Swift are pretty good…… this should be trading at $2 to $5 with anticipation of court case win and or central bank announcement.
Wonder if FLR will crash hard when it gets airdropped. They are doing 3 years of airdrops because they don’t want everyone to sell. I wish they would jist give it all on day 1 and let those cash out that want to and let the believers buy it up.
I think we are all a little xrp exhausted here ;)
Pretty sure Polysign is involved with Ripples escrow. I have heard a developer said he read somewhere that Polysign acts as a third party oversight with xrp escrow for Ripple
There was an interview I heard years ago with former ripple executive and he was saying that. Or they may have to form a certain entity to hold the xrp and act as the lender of last resort
Less than 10 years ago, #xrp was half a penny. I wonder when how long it will take when people will look back and be amazed it was under $1….
Under a $1 and you are good. Average down if price drops. Potential is endless