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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.

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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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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Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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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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