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Here Is The Upside Of Ripple (XRP) Being Declared A Security

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XRP
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The discussion as to whether Ripple (XRP) is a security or not has been looming over the minds of all crypto-traders and investors for a few months now. The SEC has yet to give direction with respect to the remittance coin in a manner similar to how it stated Ethereum (ETH) was not a security. This statement by the SEC about ETH even prompted the early listing of Ethereum Classic (ETC) on Coinbase.

It is, therefore, safe to conclude that Coinbase is warming up to the SEC ways of doing things for they know that there is a wave of investing that is coming. This wave of investing will be away from the traditional stocks to the world of digital assets. This new world of investing will still be regulated by the SEC and Coinbase wants to be bosom buddies with the authority.

So what if Ripple is declared a security?

The first thing that will happen, is a total dump of the coin in the crypto-markets. It will spiral out of control worse than the meteorite that supposedly killed off the dinosaurs. There will be a lot of comments and disgruntled XRP HODLers. They will reiterate Brad Garlinghouse’s statements that XRP is a separate entity from the parent company and that it was not even made by Ripple. XRP was given to the company by the creator of the coin so it can be a utility coin on the Ripple Network.

But they should not be disgruntled.

The way I see it, Wallstreet has been begging for a Ripple IPO since last December. They were like the proverbial cat that wants to get a hold of the goldfish in the bowl. When XRP is declared a security, they will have a party. This party will be because XRP can now be regulated by the SEC and listed on the numerous traditional trading platforms in Hong Kong, Chicago, London, Sydney, New York, just to name a few.

These trading platforms that never sleep, is where XRP will meet the trillions of dollars that want to invest in the newly declared security.  There is currently 39.3 Billion XRP with a market capitalization of around $20 Billion. This market cap will surely do gains by probably ten times and more and eventually hit the one trillion market capitalization.

Anyone who did not dump their XRP with the news that it is a security will reap the rewards of being a HODLer but in the regulated world of securities. Of course, they will be taxed for cashing out, but with XRP having a $1 Trillion market cap, this means that XRP will be valued at around $25 dollars. Even if the IRS takes 50% of this, you are left still with a handsome profit larger than the anticipated $10 per XRP.

In conclusion, whether XRP is declared a security or not, has no long-term adverse effect on the digital asset. If it is not declared a security, it will probably get listed on Coinbase and it will skyrocket. If it is listed as a security, Wallstreet will have a party on its behalf at the expense of the disgruntled XRP fans. But the anger by XRP HODLers will be short lived for XRP will still skyrocket in the traditional markets of securities. Therefore, both options are a win and XRP will still take over the world of investing.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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