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

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Ripple
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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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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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coins
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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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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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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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