At the end of the last year, Ripple tried to get listed on two major exchanges that have yet not accepted XRP on their list of live trading currencies. On this occasion, the two exchanges Coinbase and Gemini, which represent some of the largest exchanges while having a definite authority in the world of cryptos, decided to pass on XRP stating that Ripple won’t be getting a listing from the two mentioned exchanges. One of the main reasons for renouncing a listing to XRP revolved around speculations that Ripple is not decentralized. However, some things are about to change, so Ripple might still end up getting listed on Coinbase, although Gemini still remains under the question.
Ripple and the Coinbase/Gemini Listing Goal
Coinbase makes up for one of the largest and most prominent exchanges that are based in the US. As such, it makes a great addition to the listing portfolio of any currency.
However, Coinbase is playing hard on cryptos, so it has only listed Bitcoin Cash, Bitcoin, Ethereum, and Litecoin. Given the fact that the listed coins on Coinbase are all top coins taking top spots on the global coin ranking list, it does come as a riddle that Coinbase just won’t add Ripple even with the fact that XRP takes the third place on the global coin ranking list, while Litecoin which now takes the 6th spot, had its opportunity with one of the biggest exchanges in the US market.
That is how the Ripple team took their chances a couple of months ago and decided to offer a multi-million sum to Coinbase and Gemini in order to gain a chance to get listed on these two exchanges.
This case caused disapproval across the crypto community as many people considered that offering money in order to get listed is everything but morally correct, however, financial specialists have made a point that it this is not a strange case at all in the world of stock markets, exchanges and financial business, making it a common business strategy.
Moreover, Ripple was denied the chance of getting listings on Coinbase and Gemini despite the juicy offer that has been made by the XRP team.
Despite losing its chance of getting listed on Coinbase and Gemini, it seems that Ripple is doing pretty well with Shift markets partnership, BitForex exchange listing and getting live in Europe with OnePay and Santander bank.
However, Gemini’s Winklevoss brothers have announced that they are planning on adding Litecoin and Bitcoin Cash in the near future, so there are some implications that Ripple might still get a chance in the future as well.
But, there is a huge chance that XRP won’t get to Gemini after all given the fact that the US government’s policy about the unlicensed currencies isn’t going in Ripple’s favor.
Coinbase, however, might still be an option and here’s why.
Is Coinbase Moving to Japan?
Taking the latest information that Coinbase might be moving their exchange to Japan into consideration, there is a chance that Ripple might still be an option for this prominent exchange.
If it is the case that the only reason for not having XRP listed on Coinbase due to the US government not approving XRP because of the fact that Ripple makes up for an unlicensed digital asset, Coinbase might accept Ripple in case it is true that Coinbase exchange is moving to Japan.
Due to the most recent implication, it is believed that Coinbase will soon move from the US to Japan so the company would be able to work on further expansion and development in the Asian market.
Since Asia stands for one of the leading areas in the terms of blockchain technology and its development, alongside with having Japan known to be quite benevolent with cryptos, Ripple might get added to Coinbase in case it moves out of the US.
However, this would only and potentially make a case if the US government’s show of no appreciation for XRP is the only obstacle standing between Ripple and the Coinbase listing.
In case implications about having Ripple’s centralization standing in the way of the mentioned achievement is the main factor for refusing XRP the first time, moving Coinbase to Japan won’t get XRP listed here either.
It only remains to wait and see whether Coinbase will move to Japan, as well as how and in which way will it affect XRP.
But, since Ripple is doing pretty well in representing a link between the traditional banking and the blockchain technology, heading steadily towards mass adoption, Coinbase might not play a crucial role in its further development anyways.
The past couple of days have been rough on the majority of cryptos in the market as we can see the maleficent currents of drops hitting the market.
Today, this case seems to be even worse when compared to the last 24 hours, so XRP is dropping even harder with the rest of its crypto peers.
After dropping by over -10% against the dollar, XRP can be traded at the price of 0.59$ per one unit.
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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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TRON Partnership Involves Cloud Computing
It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.
— Justin Sun (@justinsuntron) October 12, 2018
Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.
Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.
However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.
Will Ripple (XRP) advocacy hike affect bitcoin dominance of China?
Currently, China is leading in Bitcoin mining industry by far, second to none for bitcoin mining power. Literally, it’s contributing over 70% of the network’s hash rate (a term that is used in describing the total processing power of a blockchain network). But how Ripple fits in here and what it has to do with that? We’ll talk about that a bit later below, let’s cover some in-depth facts about China’s dominance over Bitcoin first.
It’s a near-complete dominance by China on the BTC mining grid that has made it responsible for mining a majority of circulating bitcoins. A Beijing-based company, Bitmain Technologies, is highly responsible for extracting the significant part – more than half of the globe’s bitcoin, and alone, it has approached 50% of the total hash rate more than once.
The fact that China is controlling a majority of Bitcoin hash rate, clearly tells that it has the power of manipulating or merely destroy the bitcoin network if it gets enough support should it decide to take such a move. Therefore, this has led to serious concerns among countries including the US that China might get an edge in this cryptocurrency industry and possibly becoming a potential threat.
China is the biggest manufacturer of Bitcoin as well as cryptocurrency mining equipment. The reason behind the massive growth of mining farms in the country is because of cheap electricity bills.
Furthermore, the country has adopted several…
Ravencoin (RVN) Surges Following Binance Listing
While most cryptocurrencies today still remain unstable and at the edge of falling into the red, there are some coins that are doing significantly better. One such coin is Ravencoin (RVN), which has surged by over 26% in the last 24 hours.
Ravencoin came to be as a hard fork of Bitcoin and was inspired by a popular book series-turned-television programme, Game of Thrones. The coin’s developers decided to make Ravencoin an open-source project that provides users with the ability to declare assets on their platform. The platform itself is decentralized, transparent, and secure.
Just as Game of Thrones’ ravens are used for spreading the news and truth, Ravencoin hopes to become a carrier of truth regarding the ownership of assets on the blockchain.
Ravencoin’s main use case is for performing P2P transfers, while it prioritizes security, autonomy, user privacy, and control. Additionally, as a coin fighting for truth and transparency, it also stands against censorship.
Ravencoin got listed on Binance prior to MainNet launch
Following the last week’s announcement that Ravencoin is getting officially listed on Binance, the world’s largest cryptocurrency exchange ba trading volume, Ravencoin experienced a large price surge. At one point, the surge took the coin’s value up by over 31%. At the time of writing, however, the coin is still growing, with an increase of 26.15% in the last 24 hours.
Getting listed on Binance has brought Ravencoin to the top…
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