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Ur so money. Up 400 ish soon as u posted this
Ur so money. Up 400 ish soon as u posted this
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11k let’s get it
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So if there’s no Microsoft announcement for chianlink, sell and get back in after?
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MoneyGram's big news
The news that initially sent MoneyGram's stock price soaring was its recently announced partnership with cryptocurrency company Ripple.
As part of the deal, Ripple announced that it is investing as much as $50 million into MoneyGram in exchange for a stake in the company as well as warrants to buy even more MoneyGram stock within the next two years. A few weeks after the transaction, Ripple reported owning a 9.95% stake in the payments company.
The other major part of the deal is that MoneyGram will use Ripple's cryptocurrency, formally known as XRP, as well as Ripple's xRapid platform, to settle transactions. The two companies had been testing a pilot program since 2018, and apparently Ripple likes how it has been going.
https://www.fool.com/investing/2019/08/02/is-moneygram-international-a-buy.aspx
Welcoming Grayscale, the world’s largest digital asset manager to Coinbase Custody
https://blog.coinbase.com/welcoming...-crypto-fund-to-coinbase-custody-72e6694e9ea3
Grayscale Investments has tapped Coinbase Custody to serve as the new security provider for its digital asset holdings, the companies announced Friday.
The custodian, which Coinbase CEO Brian Armstrong says already holds $1 billion in assets, will act as the custodian for Grayscale’s single-asset and diversified investment products.
Grayscale claims to hold $2.7 billion in total assets under management, according to its most recent quarterly report, more than doubling its Q1 holdings of $1.2 billion.
Grayscale holds bitcoin, bitcoin cash, ethereum, ethereum classic, litecoin, Stellar lumens, XRP and zcash. Coinbase Custody also intends to hold Grayscale’s horizen (ZEN) token, pending regulatory approval to support the asset.
Most of the assets are being transferred to Coinbase Custody from Grayscale’s existing security provider, Xapo. The private keys for Grayscale’s horizen are also currently being held by the Digital Asset Custody Company, which bitcoin futures platform Bakkt acquired earlier this year.
Coinbase Custody began holding Grayscale’s assets on July 29, according to a press release. Coinbase Custody is regulated through the New York Department of Financial Services, and is a regulated fiduciary under New York’s banking law.
In a statement, Coinbase Custody CEO Sam McIngvale explained that the business is “held to the same fiduciary standards as national banks. We also offer some of the broadest and deepest insurance coverage in the crypto industry.”
He added:
“Grayscale and Coinbase have led the way in providing safe, secure, trustworthy, and regulated access to digital assets. Grayscale is an established, trusted, and valuable partner to its clients and its service providers should be the same.”
Under the agreement, Coinbase Custody will hold Grayscale’s assets for three years at the outset, charging a fee based on the assets under custody. Both companies have escape clauses for the three-year period, according to a press release. Once the initial term ends, each company can terminate the partnership with 90 days’ notice.
https://www.coindesk.com/grayscales-2-7-billion-in-crypto-assets-are-moving-to-coinbase-custody
The news that initially sent MoneyGram's stock price soaring was its recently announced partnership with cryptocurrency company Ripple.
As part of the deal, Ripple announced that it is investing as much as $50 million into MoneyGram in exchange for a stake in the company as well as warrants to buy even more MoneyGram stock within the next two years. A few weeks after the transaction, Ripple reported owning a 9.95% stake in the payments company.
The other major part of the deal is that MoneyGram will use Ripple's cryptocurrency, formally known as XRP, as well as Ripple's xRapid platform, to settle transactions. The two companies had been testing a pilot program since 2018, and apparently Ripple likes how it has been going.
https://www.fool.com/investing/2019/08/02/is-moneygram-international-a-buy.aspx
Welcoming Grayscale, the world’s largest digital asset manager to Coinbase Custody
https://blog.coinbase.com/welcoming...-crypto-fund-to-coinbase-custody-72e6694e9ea3
Grayscale Investments has tapped Coinbase Custody to serve as the new security provider for its digital asset holdings, the companies announced Friday.
The custodian, which Coinbase CEO Brian Armstrong says already holds $1 billion in assets, will act as the custodian for Grayscale’s single-asset and diversified investment products.
Grayscale claims to hold $2.7 billion in total assets under management, according to its most recent quarterly report, more than doubling its Q1 holdings of $1.2 billion.
Grayscale holds bitcoin, bitcoin cash, ethereum, ethereum classic, litecoin, Stellar lumens, XRP and zcash. Coinbase Custody also intends to hold Grayscale’s horizen (ZEN) token, pending regulatory approval to support the asset.
Most of the assets are being transferred to Coinbase Custody from Grayscale’s existing security provider, Xapo. The private keys for Grayscale’s horizen are also currently being held by the Digital Asset Custody Company, which bitcoin futures platform Bakkt acquired earlier this year.
Coinbase Custody began holding Grayscale’s assets on July 29, according to a press release. Coinbase Custody is regulated through the New York Department of Financial Services, and is a regulated fiduciary under New York’s banking law.
In a statement, Coinbase Custody CEO Sam McIngvale explained that the business is “held to the same fiduciary standards as national banks. We also offer some of the broadest and deepest insurance coverage in the crypto industry.”
He added:
“Grayscale and Coinbase have led the way in providing safe, secure, trustworthy, and regulated access to digital assets. Grayscale is an established, trusted, and valuable partner to its clients and its service providers should be the same.”
Under the agreement, Coinbase Custody will hold Grayscale’s assets for three years at the outset, charging a fee based on the assets under custody. Both companies have escape clauses for the three-year period, according to a press release. Once the initial term ends, each company can terminate the partnership with 90 days’ notice.
https://www.coindesk.com/grayscales-2-7-billion-in-crypto-assets-are-moving-to-coinbase-custody
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Back over 11k here we go boys next stop 13 and then ath’s
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Crypto-as-a-hedge thesis working out wonderfully thus far.
Asian markets collapsing and US futures in deep red as we speak.
Asian markets collapsing and US futures in deep red as we speak.
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Gold & Cryptos Flying!!
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News of interest rate cutes and tarrifs starting Sept 1 not looking to good in the financial markets.
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Stock market collapse is inevitable
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Mnuchin & Working Group hard at work tonight!!
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Then there's Brexit
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Thank god my annuity gives me a guaranteed 7%. We’re going to have a bloody couple of years soon.
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10% annual interest locking up DAI via Dharma.io
Lockup DAI and get that 1:1
Lockup DAI and get that 1:1
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Man I was stupid for not buying back in when it was in the 9’s...
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Live and learn. Cop now and dont worry about what you bought in at. Just hold and sell when your in the green
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stop being emotional and take advantage of pullbacks. If you have the free cash buy the dip and buy on the way back up.
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I’m thinking Bout doing this. Have you used dharma?
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I haven't used Dharma, but used their competitor (compound.finance, posted it awhile ago) because they offered AUGUR lending which I had a bunch of back then.
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Federal Reserve announces upgrade to a real time settlement system.
Federal Reserve to Develop New 24x7 Payments, Settlement Service
https://www.cutoday.info/Fresh-Today/Federal-Reserve-to-Develop-New-24x7-Payments-Settlement-Service
WASHINGTON–The Federal Reserve Board has announced Federal Reserve Banks will develop a new round-the-clock real-time payment and settlement service, called the FedNow Service, to support faster payments in the United States.
“The rapid evolution of technology presents a pivotal opportunity for the Federal Reserve and the payment industry to modernize the nation's payment system and establish a safe and efficient foundation for the future,” the Fed said in a statement. “The Federal Reserve believes faster payment services, which enable the near-instantaneous transfer of funds day and night, weekend and weekdays, have the potential to become widely used and to yield economic benefits for individuals and businesses by providing them with more flexibility to manage their money and make time-sensitive payments.”
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Btc past 12k again !!
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Fed reserve just now realizing people want to move money faster than the archaic systems in place
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Fed reserve just now realizing people want to move money faster than the archaic systems in place
I think you have a whole industry in of settlement and correspondent banks that don't mind the fees they charge on slow moving money.
How much money does a bank make in a week off overdraft fees?
Major company I've contracted is moving towards block chain settlement system. The executives are excited about the money and time they will save. Accurate accounting. Middle managers panicing because a lot of their departments getting wiped out.
All these bank layoffs makes me think this plan is reactionary.
Just think, all this action all of a sudden once Facebook anounced plans to make their own coin. ....plans...,not even a working idea.
They've had the faster payments task force for years.
Donald Trump stopped Alibaba from purchasing Money Gram.
MoneyGram just anounced using xrp for settlement and being the liquidity provider for banks since too much regulation around banks holding crypto.
All this shows is how hyper competitive government sponsored industries are on both sides.
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so the question is this.... do u want payment systems that are centralized or decentralized?
its obvious to everyone crypto/bitcoin is the future...even the dweebs in here saying it'll never work (but govt's are trying to implement the same exact principles..smh).
its obvious to everyone crypto/bitcoin is the future...even the dweebs in here saying it'll never work (but govt's are trying to implement the same exact principles..smh).
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Ya’ll better peep game.
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