Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24594. (Read 26713397 times)

Just to be clear, what I think that the OKCoin guy meant is that the fund has licensed OKcoin's trading software, and perhaps is using their IT infrastructure, for their own shares.

This means nothing, and probably not true. If you control $3 Billion why are you going to lose your time trading in OKCoin...? Makes no sense at all. You don't have enough market depth to even move some millions...

OkCoin @ 2800
Huobi @ 2700

Da fak?

Also:  "I am an avid supporter of Ripple and encourage everyone to invest their life savings in XRP."  -Jorge Stolfi

Quote is from a few days ago. I'm unable to find the post, but I assure you it existed.

Following will probably happen:

430 will have resistance.

Ounce we pass 432 we'll get a heavy pump

If we can't break the resistance at 430 or/and we fall back pass 410, we'll get a dump to $400 (or less if it brakes the resistance)

Probably the bears can't break the $400 resistance, so it will bounce back to $405-$415 where it will hover for a while.


I think the last will happen, beceause we had a big $90 increase in 24 hrs.

But you'll never know

Just thinking a bit... This is probably the typical Chinese lies, they use them all the time to push the markets in the direction they want. Once they have took all the profit, then they will release some bad FUD to then drive the price down and profit again.

Indeed Tuur was the one who spoke wonders of Neo&Bee. So I guess in this case he is just repeating what he listened in the video.

This means nothing, and probably not true. If you control $3 Billion why are you going to lose your time trading in OKCoin...? Makes no sense at all. You don't have enough market depth to even move some millions...
If a guy like that wanted to buy a lot of bitcoins he would just contact miners and buy in bulks to them offmarket.

The head article by Tuur was taken down.  (Tuur is the guy who once spoke wonders of Neo&Bee, right?)

I listened to a bit of the interview, it was not clear to me what the guy meant.  The phrase could be understood as "that fund is now using OKCoin's platform (i.e. servers + software + support personel) to trade its own shares, not bitcoin".  No?  (That would be great news for OKCoin and their VC investors, irrelevant for bitcoin & traders.)

It looks like there is a lot of fresh money on OKcoin due to the hedgefond that stepped in. Arbitrage bots on the other exchanges might not have been prepared for this.

http://www.reddit.com/r/Bitcoin/comments/2m0ey8/tuur_demeester_on_twitter_okcoin_rep_a_new_hedge/

About TAS Group

TAS Group is based in Italy and listed on the Italian Stock Exchange. The company specializes in payments solutions and Electronic Resource Planning (ERS) systems, catering primarily to the southern European market, but with global operations. TAS Group helps businesses integrate with systems like SEPA and SWIFT in a cost effective manner.

They are also the biggest credit and debit card management company in Italy and operate subsidiaries in France, Switzerland, the Americas and the Iberian Peninsula. TAS Group manages around 60 million payments cards of various types across 6 countries including the US and Brazil. They currently support over 150 corporate clients and are the biggest payments carrier in Europe. Their clients include major European financial corporations, including central banks and Fortune 500 brokerage firms. The company also designs ERS for ministries of the Italian government.

TAS Group and Ripple

The company will begin using Ripple for real time cross-border funds settlement and marketing the service to its portfolio of financial service business and liquidity provider clients.

TAS Group has decided to go with Ripple due to its 5 second transaction settlements, zero reserve requirements, lack of failure risk and full compliance visibility. This compares with the two-day settlement speed, huge reserve requirements, multiple failure points, and lack of compliance visibility associated with traditional systems.

The overall aim is to reduce costs for financial service businesses while providing greater opportunities for risk assessment and fraud prevention. The company will be operating a TAS Network Gateway to make it ‘easy and immediate to access Ripple world’.

What does this mean for Ripple?

The news could be potentially huge for Ripple adoption. Since TAS Group already deals with multiple businesses and financial technology systems, having them push Ripple onto their client base will mean that Ripple Labs does not have to approach these companies individually and try to sell them on the concept. With TAS Group on board, a likely scenario is that payments companies, hedge funds and banks will be using Ripple without even having to know about it, they will simply continue using TAS Group services with Ripple operating under the hood.

A potentially massive amount of volume could enter the Ripple ecosystem as a result of TAS Group adoption. If every card and bank in Italy, and further afield, begins being processed through Ripple then the network effects should be enormous. If TAS Group can show that Ripple adoption leads to lower fees and better compliance then there is little doubt that other large fintech processors will soon follow in order to stay competitive.

Hopefully Ripple is able to cope under the network load, if so then Ripple supporters could see their vision of a financial world powered by the protocol coming into focus much quicker than they had imagined.

Let hope he's put us aside for family and will be back with his anxious posts following price movements.

>correcting your benefactor

Turn yourself in to your local authorities, Bitcoin criminal scum!