The visionary CEO of the Ripple company, Brad Garlinghouse, has recently put forth his idea that the Coinbase exchange should list Ripple (XRP). Mr. Garlinghouse argued publicly for the first time about the Coinbase addition during an interview with Fortune magazine only yesterday, Thursday, June 21st.
During the interview, Mr. Garlinghouse is quoted as saying:
“As we solve problems at scale for institutions, I think it’s in Coinbase’s interest to participate in that.”
What Brad meant by this, is that Ripple has continually proven its products of xRapid, xVia, xCurrent and RippleNet over the past few months. The current number of banking partnerships Ripple has gained so far is known to be over 100 with many speculating it could be in the 200 range already. This means that Coinbase needs to see the proverbial light and also list XRP for it is the current and future digital asset for remittances.
The Coinbase/Ripple conversation has been alive in all the social media platforms since January when XRP had peaked to $3.84 levels as the crypto-verse had anticipated an XRP listing on Coinbase. However, this did not materialize even after it was reported that Coinbase was offered $1 Million to list the digital asset.
Another argument (not by Brad) that can be put forth, is that both Coinbase and Ripple are American companies. Using President Trump’s mantra of Make America Great Again, it is about time the two companies came to an agreement and took over the world of cryptocurrency markets as we know it.
A third and not necessary the last reason Coinbase should add XRP is that the digital asset does not qualify as a security. Many crypto-traders have speculated that the delay in listing XRP is due to lack of clear direction by the SEC with regards to XRP. This, in turn, explains why Ethereum Classic (ETC) was listed by Coinbase in a heartbeat as soon as the SEC declared that Ethereum is not a security.
Brad Garlinghouse is quoted as saying the following with respect to XRP not being a security:
“I think it’s really clear that XRP is not a security. XRP exists independent of Ripple.”
With regards to the value of XRP, earlier this Friday, the cryptocurrency markets suffered a downward spiral in value as a total market capitalization of $10 Billion was lost in a little over an hour. But if you have been in this cryptocurrency industry for the last 6 or so months, this type of action is normal. During last week’s Coinrail hacking, the total crypto markets lost close to $50 Billion.
Looking at the coin of the day, Ripple (XRP), it too has been affected by the current decline. XRP is currently trading at $0.51 and down 5.11% at the moment of writing this. Bitcoin (BTC) has also been affected by the sudden crash and is trading at $6,373. The King of Crypto is currently down 5.49% in the last 24 hours. All fingers are crossed that the crypto markets stabilize as we walk into the weekend ahead.
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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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…