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Report: Ripple might pay to get featured on major US exchanges

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Ripple
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It is not so easy for a digital coin to get listed on main exchange platforms, and even these days, it is also difficult to get a hint on what it requires out of a crypto-coin to be featured on these platforms.

But now, we would get a preview of what Ripple, which is the number three cryptocurrency behind Bitcoin and Ethereum, would undergo for getting its XRP featured on crucial tradeoff platforms in the US.

Based on an article that appeared in Bloomberg, Ripple has stated that it is keen to pay lots of money to get XRP listed on prominent U.S exchangers where liquidity is present. It has however said that it doesn’t have any problems buying its way to get featured anytime soon.

It is important to know that the cross-border payments company gave millions to Gemini and Coinbase to get featured. It is a customary process to pay to get listed in the equity markets, and not only the loose crypto-market.

Furthermore, it is also needful to know that about $1 million was offered to Gemini by Ripple to get a Q3 listing last year and the company also offered about $100 million XRP’s to Coinbase for financiers for trading on the exchange platform.

In addition, Ripple offered a deal to take a reimbursement in an official sanction or in XRP, for which investors and exchange platforms in the United States can be able to benefit from, according to the article on Bloomberg.

Ripple stated through its representative that the digital coin wasn’t involved in any financial deal for main exchange platforms to get a chance to get profit just to be listed. Ripple, through its representative also made this known to Bloomberg:

We want XRP to be the most liquid digital asset possible to enable faster, and cheaper global payments.”

Most individuals involved in the trading markets within the U.S fear that when the U.S government enacts the regulatory policies, it could affect some crypt-coins including XRP.

For now, if the speculations that these main trading platforms go with supporting XRP are more significant than expected, there will be more benefits to the price of the cryptocurrency, such as the one that occurred late last year.

The Neutral Ground

Ever since the inception of XRP, lots of market participants have taken an interest in the cryptocurrency, and as a matter of fact, market traders are asking for its listing on different social network platforms across the globe.

But despite the demands, Ripple has not been able to get an opportunity to be featured on major U.S exchange platforms even though it managed to close the gaps between crypto-industries and conventional banks.

Based on a report by the Autonomous Research, to get featured on a dominant trading platform, it will cost about 1 million USD to 3 million USD. With a $3 million price tag, digital coin industry can get access to the liquidity at a very fast pace. However, a lawyer mentioned to Bloomberg that the financial deal of Ripple with Gemini and Coinbase is not a crime under the law.

Nevertheless, the neutral ground in all of this is if XRP is categorized as a secured digital coin or not. This is due to the fact that if the regulatory bodies label XRP as an “unregulated” security coin, it could cause an adverse outcome for Ripple as well as the main trading platforms that promote it.

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below!

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.

Image courtesy of cryptocurrency360

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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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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