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    Home Unlabelled Ripple Daily Discussion Thread 05/01/21 [Join FlareXRP Discord] - https://discord.gg/FlareXRP

    Ripple Daily Discussion Thread 05/01/21 [Join FlareXRP Discord] - https://discord.gg/FlareXRP

    April 30, 2021

    Ripple Daily Discussion Thread 05/01/21 [Join FlareXRP Discord] - https://discord.gg/FlareXRP

    Daily Discussion Thread 05/01/21 [Join FlareXRP Discord] - https://discord.gg/FlareXRP

    Posted: 30 Apr 2021 09:00 PM PDT

    Hello! Welcome to our daily discussion thread.

    Discuss anything related to XRP, Flare Network, and Flare Finance.

    ​

    Read r/Ripple sub rules before posting and check out the thread containing helpful links: https://redd.it/7l94ng

    ​

    >>> Join FlareXRP Discord: discord.gg/FlareXRP

    This is a public Discord server with over 10k members and growing.

    • It's 100% dedicated to XRP, Flare Network, and Flare Finance Community. Our goal is to continue to expand by including more participants in the XRPL and the Flare Network ecosystem in the future.
    • ​We support international communities; we have channels for Dutch, Japanese, Korean, Spanish, and Turkish and plan to add more.

    ​

    If you see any post or comment that violates one or more sub rules, use this link to contact the mod team on Reddit or report violations in Discord.

    submitted by /u/AutoModerator
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    Legal Briefs - SEC vs Ripple Apr 30th

    Posted: 30 Apr 2021 04:01 PM PDT

    Live Update of Conference call: SEC vs Ripple

    Posted: 30 Apr 2021 06:59 AM PDT

    Currently listening in on the call. Someone suggested maybe doing a live update thread. I will do my best to articulate and update as things play out. By no means am I a legal expert on what's happening, but will do my best. Highly encourage others that may be listening in to provide feedback and interpretations.

    TLDR: Ripple argued the SEC's use of the Memorandum of Understanding (MOU) is a gross overreach as it provides the SEC an unlevel playing ground for discovery as the MOU's are US government-backed and inherently suggests involuntary discovery from foreign entities. SEC argues they are well within their right to use the MOU process as is and that Ripple was aware of this process prior. They also argue Ripple has access to the same information via FOIA request. The judge is not ready to give an opinion at this time and will give a written opinion later on after advisement.

    Updates:

    10:03-Check-ins between judge Netburn and parties have begun.

    10:06-first talking about SECs use of MOU with foreign entities as it pertains to discoveries

    10:08-Ripple arguing gross overreach of discovery powers with foreign entities.

    10:09-Ripple directing the judge to stop SEC from using these MOUs and produce any documents issued to these parties.

    10:11-Judge asking if any case law pertains

    10:15- Ripple: We have no case law that we can site or that would benefit us on this point. Ripple arguing MOU is forcing information instead of volunteering information. SEC is arguing that MOU is within its rights to use MOUs as discoveries as it's part of an international agreement.

    10:30-The defense is arguing the SEC has bypassed the court rules by using the MOU process, and once they got that information they can skew it without following the rules. We have a subpoena in this court. The SEC kept secret their use of MOU from the court and defendants. They have to abide by the rules of the court.

    submitted by /u/Cagger101
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    XRP trading can resume for people who use Newton

    Posted: 30 Apr 2021 11:56 AM PDT

    Court Adjourned

    Posted: 30 Apr 2021 07:57 AM PDT

    Court has been adjourned with no ruling, but both sides arguments being taken under advisement by the Judge.

    In listening to the case, I think Ripple made some good arguments in the imbalance of power to acquire documents and the SEC not being very forthcoming until the 11th hour.

    submitted by /u/Scandal929
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    Ripple CEO says the U.S. lacks regulatory clarity on cryptocurrency

    Posted: 30 Apr 2021 02:10 AM PDT

    UPDATE: Change of conference call in information.

    Posted: 30 Apr 2021 06:41 AM PDT

    ORDER: Due to an inadvertent typo in an earlier Order, the public Access Code for today's conference was incorrect. The April 30, 2021, 10:00 a.m. EDT (-4:00 GMT) conference dial in information is as follows: USA: (844) 291-4185 International: (409) 207-6997 Access Code: 7106935. As a reminder, unauthorized recording or rebroadcasting is strictly prohibited (including YouTube streams, Twitch streams, audio stream, etc.). Any identified violations will be investigated, and anyone found to have engaged in these behaviors may be subject to criminal sanctions. (Signed by Magistrate Judge Sarah Netburn on 4/30/2021) (ras) (Entered: 04/30/2021)

    https://www.courtlistener.com/docket/19857399/securities-and-exchange-commission-v-ripple-labs-inc/?order_by=desc

    submitted by /u/Cagger101
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    No streaming the court case!

    Posted: 30 Apr 2021 06:47 AM PDT

    This shouldn't need to be said but I've seen a few people asking where they can watch it or who is going to stream it.

    You are allowed to listen in if you are granted one of the 4000 slots and you can update in real time what's happening, but you are NOT allowed to record or stream the trial.

    Doing so may mean we won't be able to listen in on future trials and may damage our position.

    If you see anybody streaming it anywhere, flag it and ask the streamer to stop. It's for all our best interests.

    submitted by /u/SuperSan93
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    Pre IPO Ripple Investing

    Posted: 30 Apr 2021 11:29 AM PDT

    With the news of Ripple possibly going public after the lawsuit is finished, does anybody have any advice or further insight to getting into Ripple pre IPO??

    submitted by /u/cdubz77
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    Crypto Innovation on Trial in XRP Lawsuit, Says Ripple CEO Brad Garlinghouse

    Posted: 30 Apr 2021 10:43 AM PDT

    Quick question

    Posted: 30 Apr 2021 07:48 AM PDT

    I've bought Xrp uphold and I'm not sure if it's safe to keep my money there are any other places u guys use. I put it in a software wallet but I can't deposit the money out. If you guys have any recommendations or suggestions it'll be greatly appreciated.

    submitted by /u/liljay465
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    Ripple Moves 104.7 Million XRP As XRP Rises 16%

    Posted: 30 Apr 2021 09:17 AM PDT

    When is the next hearing?

    Posted: 30 Apr 2021 08:58 AM PDT

    Today I felt that the judge wanted Ripple to give every reason to make a decision in their favor. It's going to be a big decision for the concept of cryptocurrency in general. So when is the next hearing date.

    submitted by /u/lihcra
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    Questions about Flare, Spark and XRP; for anyone informative about it

    Posted: 30 Apr 2021 07:30 AM PDT

    Can someone explain to me if possible how the Flare, Spark integration will happen and do I have to do something to get those tokens. What will the tokens do and how will it affect XRP and what is its purpose. I used to have my XRP on binance but my account is now closed so what should I do to acquire my tokens? Any additional information would be highly appreciated; trying to learn as much as I can about this integration. Thanks in advance.

    submitted by /u/fawzi97
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    20xrp new account

    Posted: 30 Apr 2021 11:30 AM PDT

    Hi all,

    Probably been asked before but I just sent some xrp from an exchange to a private software multicoin wallet and noticed that ripple takes away 20xrp to account for this new account. Does this mean this 20xrp is basically lost? And more importantly is that 20xrp cost set in stone, meaning that if one day xrp goes to 10$ which is not that super unlikely in a hyper-bull run, you are actually paying 400USD to open up a new account? Hope that is incorrect as that would be insane.

    Thanks for any insights on this.

    submitted by /u/DescriptionSevere903
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    Does RippleNet (xCurrent) Will Eliminate Corresponding Bank?

    Posted: 30 Apr 2021 05:58 AM PDT

    Hi, everyone! I was learning about how RippleNet works on cross border payment and I can's seem to figure out whether xCurrent able to eliminate corresponding bank. So, I found a video that explain how xCurrent actually work. On that video, it shows that cross border payment goes through from originating bank (originated bank FX desk -> please explain what's this) to corresponding bank (originated bank nostro account) then from corresponding bank (liquidity provider) to beneficiary bank.

    a screenshoot from the video

    then on Ripple's xCurrent brochure, it shows that there's no beneficiary bank through out the process of cross border payment. I am very confused. My questions are:

    1. Is there actually correspondent bank in cross border payment using RippleNet? If yes, are they exchanging using XRP?
    2. If they do exchanging using XRP, then why there's still nostro account on corresponding account? and why the video included corresponding bank?
    3. Is it the liquidity provider Ripple? since it offers liquidity on demand. if so, does that mean Ripple is the one who post FX rates?
    4. Why Ripple doesn't show correspondent bank on the brochure?
    5. Which business model of xCurrent is right?

    I might asks more question after this since I'm very new to Ripple and cryptocurrencies. I will really appreciate your help and thank you! (Sorry for my grammar mistakes, English is not my first language)

    submitted by /u/CandyPopsicless
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    XRP Ripple BREAKING news today: SEC v. Ripple letter RAPID REACTION TO CALL, NO RULING YET!

    Posted: 30 Apr 2021 09:17 AM PDT

    Whales Charge Ripple! Expert: Higher Prices Are Comi

    Posted: 30 Apr 2021 09:14 AM PDT
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