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Here Is Why Brad Garlinghouse Thinks Coinbase Should List Ripple (XRP)

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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.

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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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Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Why ZCash (ZEC) Is Heading to $10k

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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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