Personal comment: In the light of recent news of SWIFT cutting out Russia, there’s been several comments of the situation “benefitting XRP”. These comments, besides being revolting and tasteless by many lengths, is largely based on ignorance and lack of understanding. 1/4
Exciting times ahead! I am happy to announce that I have joined the
@XRPLF
as Head of Analytics and Compliance. This also means that
@xrpforensics
will slowly be adapted and migrated to the foundation – as well as other exciting initiatives that are already well underway.
I wonder how many investors has been damaged by buying an “unlicensed security” compared to the millions being damaged by the current actions by
@SEC_News
. The untimely (or very timed?) suit, happens to align with a Coinbase IPO announcement and BTC hitting new highs, almost as…
We received a tip yesterday from
@WhiteBit
of suspicious deposits, which led to unravelling a huge network of accounts involved in this case.
We alerted Chris as soon as we realised what was going on and have worked tirelessly for the past 18+ hours, collaborating with our good
Yesterday, there was unauthorized access to a few of my personal XRP accounts (not
@Ripple
) – we were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved.
February 28 will be my last day at 2K (of 15 years). It is time to take a risk and jump into the unknown by going all-in on fintech, blockchain, and data analytics.
I will be giving some much-needed attention to the XRPL analytics database and tools I have been working on.
After working with BigQuery to explore the nature of wallets and payment relationships, I had a crazy idea: visualising the full $XRP ledger and all wallet relationships.
#bigdata
#visualization
#xrp
Make sure to update your app reviews ⭐️⭐️⭐️⭐️⭐️
Literally no-one is working harder to provide XRPL customer support and find ways to navigate around the recent XRPL issues so it is still usable for “the masses”.
I'm super happy
@XummWallet
is working again for most users. While the underlying issue on the XRP Ledger still exists, we were able to patch some things triggering XUMM into using higher network fees, making XUMM transactions bypass the filled up XRPL transaction queue.
Since
@CoinbasePro
opened for $XRP deposits, 8M XRP has been moved to the platform. The hardest exchanges hit so far is:
1. Binance (3.7M)
2. Kraken (1.3M)
3. Bitstamp (800K)
4. Bittrex (400K)
5. Poloniex (220K)
These on and off ramps (exchanges) are heavily regulated and many have even been proactive in monitoring UA/RU based traffic, since the invasion started. Don’t think for a second that blockchains are an easy alternative to SWIFT for moving FIAT. 4/4
Dear
@CoinbaseSupport
. In the past couple of days, your users have been scammed of more than 230,000 XRP to scams promoted on YouTube.
Isn't it on time you started warning your users when they withdraw to potentially fraudulent accounts?
I am so very excited about sharing my first article as a
@Forbes
contributor! A piece on distribution patterns detection and fraud investigation in blockchain.
…if the suit is meant to bring as much harm as possible, no matter the legal outcome.
I believe the XRPL is a superior payments blockchain, and
@xrplorer
/
@xrpforensics
will continue to provide analytical insights and combat illicit activity on the XRPL despite recent events.
FTX XRP holdings was attempted moved to a
@BitGo
custody account an hour ago, but failed as destination tag is required. Also, the full balance was attempted moved, which would fail due to account reserve requirements.
“We did not consider proof-of-work based protocols, such as Bitcoin, due to their poor performance and high energy (and environmental) costs.”
#libra
#libracoin
About a year ago, I was at a conference and spoke with a lot of people about blockchain analytics and investigation. Everyone else was talking about $ETH and $BTC and almost looked shocked when I mentioned my “hobby investigations” in $XRP.
The times they are a-changin’.
Announcement: Chainalysis now supports XRP! We're launching with the top 70 XRP exchanges identified and plan to roll out identifications of major XRP scams and hacks in the coming weeks.
The XRPL is currently processing roughly 90 transactions per second while being "under attack" by countless payments serving no purpose, other than burning fees. The minimum fee has increased by 2 drops (or ~USD 0,000045).
What does the XRPL look like and why does updating nodes matter? Some years back I graphed accounts and payments on the network, this is however focused on the network nodes that I have been able to reach through crawling the published peers.
There are “shills” in the crypto community solely reacting to keywords, rather than facts, and in this case, are careless about the situation and completely disconnected from reality. Mind who you listen to. 2/4
Ripple has expanded to Washington, DC. “Every federal regulator is looking at this space and trying to figure out how to regulate it, and having a DC presence is essential to smart and effective regulation”,
@bgarlinghouse
comments. via
@ForbesCrypto
@_RichardTeng
@Ripple
@zachxbt
Thank you for acting quickly and responsibly.
This tweet is a bit ambiguous.
1) The compromised accounts are personal accounts of
@chrislarsensf
- not an exploit at
@Ripple
2) The initial investigation was done by
@XRPLF
and initiated as it was happening – not carelessly
Did you know there are likely only two major groups of giveaway scammers on the XRP ledger? – A big data dive into the XRP ledger to map the scope of “giveaway scams”.
@ForbesCrypto
#xrp
#cryptocurrencies
#blockchain
While no one can ban anyone from using decentralised blockchains directly, any solutions built on top to move FIAT cross borders, is not! FIAT has to turn into crypto in the sending end, and back to FIAT in the receiving end. 3/4
Had a very nice evening out with
@bob_way
– great fun and a lot of great chatting about IoV and everything XRP/ILP. I simply love listening to first hand experiences and great future visions!
When the XRPL crossed 5 million activated accounts, it felt like a nice occasion to revisit something I did close to 5 years ago – visualizing the
#XRPL
.
So basically the meme coin airdrop craze is a distributed denial of service attack on the XRPL.
The only upside is that people are willing to pay for thin air on the DEX, so issuers can leech on the XRPL and make thousands by dumping their coins. /s
Sorry people :( We're already working around the clock.
- The XRPL can't handle the current load well
- The amount of Trust Lines & tokens has exploded beyond numbers expected/tested
- XRPL public nodes, clusters are being scaled up, but that isn't ready yet
I have spent the last couple of days diving into the XRPL Hooks developer preview and example code – and while I don't much prior experience with the development of smart contracts, this Hooks amendment really has me … hooked! 1/9
Example hooks in C:
More info in the blog (Tweet above) and the README the blog links to.
Source code for rippled (xrpld) with the Hooks amendment included:
Discussions & questions:
.
@Poloniex
just recovered ~275K XRP by deleting ~15K old XRP accounts. Number is growing as we speak, more than 30K XRP burned in fees in the process.
A little experiment: $XRP payments between exchanges, with exchanges positioned geographically (HQ country, capital).
(sorry for the loosely positioned map 🙈)
The Dark Side Of Public Blockchains. A community of developers are currently combating unintended file-sharing use of the
#XRP
ledger via
@ForbesCrypto
XRP load fee is 0.00001 XRP and ledgers close every 3.9 seconds.
The volatility risk (reward?) of swapping through XRP to move funds from A to B might be worthwhile compared to high fees and delays.
When the Nexo exchange launches that should be a no-brainer moving in/out.
Nexonians,
Our custodian BitGo is currently experiencing delays in processing $BTC transactions due to extremely high fees on chain.
They are currently working on resolving the issue.
You can follow the process here:
I made an experiment last night to create family trees from $XRP wallets. So I established a relational database of all wallets (who activated who) using BigQuery. The tree below is from genesis wallet X.Distributor.1 and 5 generations down. Go explore:
A small experiment to map buy/sell pressure by looking at raw ledger transaction data. It is based on $XRP transactions to and from 77 of the most active exchanges.
After only 2,5 years with our lovely pup, Simba, we had to say goodbye yesterday.
What seemed to be a normal stomach infection turned out to only, likely be a symptom of a congenital liver defect.
It all happened so quickly – he will be missed 😢
Will
@scb_thailand
be the first bank using RippleNet ODL (unconfirmed)? A new corridor (
@BitkubOfficial
) and a bank on ODL would be a great way for
@Ripple
to kickstart 2020.
… Chris' team and law enforcement.
At this moment I can't share more details. I can however reiterate (as usual) that some exchanges are much more responsive than others. Thanks for the collaboration.
Timing leaving my job with a worldwide pandemic is probably my worst timing yet. I am building an analytics platform on top of the XRPL, but I am also looking to join a team in fintech/blockchain that can use my analytics and Neo4j skills. Is that you? I would love to talk!
I am seeing a lot of tweets today with statements such as “
#XRPL
's upcoming integration of EVM programmability.”, “Be one of the world's first to deploy your smart contract on
#XRPL
” and “XRP Ledger’s all-new EVM”.
Right now the XRPL is open game for token scammers. Stop helping enabling them.
✅ Projects need to earn your trust!
✅ Send the tokens back to the issuers.
✅ Remove the trustlines.
✅ Let us see the stats decline instead of increasing.
So, moving the full history of the XRPL in its entirety into a graph database is a bit tougher than anticipated. I'm on the 10th approach now, and I'm feeling optimistic :)
… friends at
@GateHub
(Ziga Karic), sharing data with exchanges involved in the matter, sharing data with Chris and his team and collecting information for further processing and investigation by …
I’m in favor of (at least temporarily) introducing an increased fee to create trustlines and even increasing owner reserves. If the token has a value, paying a small extra fee to be able to hold and use it shouldn’t be an issue.
What happens if you merge all the 3 major products by Ripple (xCurrent, xVia and xRapid) into one software package? Apparently “Convergence”.
#xrpthestandard
#xrpcommunity
#xrp
Great news for XRP utility, but also Xpring. Hopeful that this will attract more developers, seeing the SDK already in use by one of the leading payment processors.
@BitPay
devs: how did implementing XRP payments with the Xpring SDK compare to implementing other chains?
“The resulting colorful orb reveals at a glance more than a million crypto wallets, including big exchanges like Binance and London’s crypto debit card startup Wirex, which are neck deep in XRP transactions”
@WietseWind
A vulnerability in Corda Settler’s XRP integration that if exploited, could settle payment obligations in full has been discovered and patched in less than 24 hours via
@ForbesCrypto
Before misinformation is spreading too wide. There has been no 51M sale from an
@ahbritto
account. The account never even had that sizeable amount of XRP.
@LoveForCrypto17
A payment of 1 XRP was made _from_ an account _activated by_ Bitstamp (likely a bitstamp user) _to_ the ~ahbritto account _in_ ledger 51235060 …
Thought: When people use Coinbase to move FIAT into crypto, with the sole purpose of moving it to another exchange for trading, will they refrain from using $XRP despite it being faster and cheaper than the alternatives? If not, doesn't it prove the use-case of XRP?
Headed home after some fully packed days (and nights) at
#ApexDevSummit
by
@RippleXDev
and
@XRPLF
.
I love watching people meet for the first time in real life after years of online collaboration. The polite handshake, followed by the curious look at the name tag, the “oooooh,
Ran some fresh stats on the XRPL, as we have crossed the 5M account mark.
Only 4.7M exists at this moment, but as the stats were made a few days ago, 5.002.458 had been active over time.
Proudly showing xPoP, "Proof of Payments" as presented by Richard at the
#ApexDevSummit
(location:
@XRPLF
Tallinn, Estonia)
xPoP generates an animated QR containing everything needed for *offline* (!) XRP Ledger transaction proof (vending/casino's/...)
Dear
@BitrueOfficial
. Some weeks ago, I wrote an article for
@xrplorer
on the “homoglyph heist”, where one of the takeaways was that giveaway scams work, not solely based on catching weak moments: it is also because of the unhealthy environment around cryptocurrencies, …
I’ve had a lot of time to reconsider my reaction to the Messari report – with no result. I still can’t comprehend why anyone would work with, pay, sponsor, endorse or collaborate with an entity publishing something like that.
The change coming to XUMM in the upcoming version 1.1 I'm most excited about makes using the XRP Ledger with
@XummWallet
even more user friendly. Even better: it opens up XUMM for other players in our ecosystem.
Introducing: xApps, 'XRPL Apps', embedded, trusted apps.
Opinion thread: There has been a lot of discussion regarding the inflationary/deflationary nature of $XRP and supposed selling pressure by major stakeholders of
#XRP
(Ripple, Jed, Chris). But I think we need to look at it differently.
I will be presenting at an
@ITU
webinar on tracking digital financial crimes on July 10. I will share how we work to monitor and prevent laundering, and why the transparent, persistent, and immutable nature of blockchain is bad news for criminals.
This was so much fun to shoot and I’m very excited to watch the final cut! Art, design, typography, books, bibles and blockchain. Learn through curiosity and combine to create something new. Stay curious :)
Several exciting features are being proposed, discussed and developed for the core
#XRPL
. It is an open source project and anyone can participate, regardless of programming experience. Give input and make your voice heard at
I have all transactions documented, and know the destination tags of the funds on the "cash-out" destinations. So if either of the exchanges reaches out, we I am willing to hand over the research, for them to take to authorities.
The XRP ledger graph database is now LIVE and SYNCED 2 minutes ago. With great help from
@neo4j
I am excited to share . Happy exploring!
PS: Use the built-in browser guide for some examples of queries.
Back in June I lost almost all of my XRP. I transferred off the exchange to a previously tampered ledger nano x.
@xrplorer
. Helped me tack the transactions to and exchange. I contacted the exchange
@ChangeNOW_io
and they were able to stop the transfer. I also contacted my local