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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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crypto trends
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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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