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Here Is Why Ripple Separating itself from XRP, the Coin, is a Good Thing

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For a very long time, crypto traders and enthusiasts have continually used Ripple to refer to the digital asset known as XRP. It was okay to do so during the months of November and December last year, but when the Ripple company is facing 3 lawsuits as well as the SEC, it is prudent to know the distinction between the two entities.

Global Coin Report had earlier highlighted that the popular crypto tracking website of Coinmarketcap.com was the first to conclude that XRP is separate from Ripple. The website did this by newly naming the digital asset via its cryptocurrency code of XRP. This, in turn, could be translated as being that the good team at Coinmarketcap has also concluded that XRP is not a security.

In line with this conversation, the Ripple company has issued a statement via Twitter stressing that XRP and Ripple are two different and totally independent entities. In a tweet, the Ripple company stated that:

“The digital asset #XRP and the company #Ripple are distinctly different.”

The company would go on to give reasons why the two are separate by giving more information on its website.

So why is this a good thing?

To begin with, the SEC will now see the clear distinction that XRP is separate from Ripple. Not being biased, but the guys at the SEC are a little bit older than your average crypto trader. This means that for them to grasp the sense of what XRP is, the Ripple company and the XRP community need to lend them a hand in explaining the differences. Once this concept is grasped by the SEC, even the judges handling the 3 Ripple Lawsuits will also understand these concepts and throw the cases out the window.

To add to the above, separating XRP from Ripple now means that the company of Ripple is the biggest XRP HODLer out there. They can choose to dump a bunch of coins into the markets or choose to lock them up in Escrow. This is, in fact, is not a bad thing. It amplifies the fact that Ripple is a separate entity once again. Although a more ‘competitive’ position when looking at it from another XRP HODLer’s point of view. But knowing the guys at Ripple, they love the coin. They will not dump it.

The last reason why it is a good thing that XRP is separate from Ripple is that the institutional investors that were seated on the fence with respect to buying XRP, will now see the proverbial light and jump in with both feet. The buying of XRP might still be gradual and cautious with the pending cases and SEC comments, but it is still some progress in the right direction.

In conclusion, XRP continues to be one of the most loved and held digital assets in the crypto verse. With Ripple offering clarity between the two entities, the doors are open for the 3 pending cases to be resolved as well as the SEC declaring XRP is not a security. This will, in turn, bring in the institutional investors with their ‘big money’ signaling the beginning of an XRP Bull Run.

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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