Here Is Why Coinmarketcap.com Knows XRP Is Not a Security - Global Coin Report
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Here Is Why Coinmarketcap.com Knows XRP Is Not a Security

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XRP
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The question as to whether Ripple (XRP) is a security or not has been a topic of discussion for a very long time. The genesis of the question can be traced as far back as last December. The discussion has since gathered momentum after the SEC declared that Ethereum was not a security. This declaration has raised the hopes of XRP fans who believe that the following points about their favorite digital asset, warrants it to be in the same league as ETH and BTC with respect to SEC classification:

  • The Ripple ledger is in the process of decentralizing with validators replacing those of Ripple with time
  • XRP exists independently from the company of Ripple
  • XRP was given to the company by the founder so that it can become a utility coin on the Ripple ledger
  • XRP was created in 2004. Ripple was formed in 2012
  • Current SEC guidelines cannot cater for XRP and other digital assets. The would have to create them.

If you notice one thing with referring to XRP as Ripple, is that we actually refer to the coin using the name of the parent company. Therefore, it might be prudent from henceforth, to simply refer to XRP as simply XRP.

This is where Coinmarketcap.com comes into the picture. The popular crypto tracking site not only gives real-time crypto prices but also historical data and charts to observe trends as well as do your own analysis. The platform has gone ahead and started referring to XRP as XRP. Evidence of this can be seen in the screenshot below from the site. Coinmarketcap has also adopted the new symbol of the coin which is a well-designed X.

XRP’s new title and symbol on coinmarketcap.com

It is therefore with this small observation that it is safe to conclude that Coinmarketcap.com has already accepted that XRP is not a security. It is clearly separate from the parent company of Ripple. From this moment henceforth, it might be prudent for crypto enthusiasts to start referring to the coin as simply XRP. However, if the SEC fails to see the light and declare it a security, Global Coin Report has explored the upside of such a situation.

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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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How Can Foreigners Get Loans in Singapore

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Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

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What defines a foreigner in Singapore? 

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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