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Is XRP a security or not? Ripple CEO Brad Garlinghouse explains the daunting debate

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The debate on whether Ripple is a security or not has been on for many months now. What’s even worse is that the Security Exchange Commission (SEC) hasn’t given its stance or a say on whether Ripple is a security or not. However, a recent talk, which involved Ripple’s chief executive officer Brad Garlinghouse and Michael Arrington – of Arrington Capital, was held at the Techcrunch’s San Francisco Disrupt Conference.

The discussion was anchored by Mike Butcher, the Editor of Techcrunch. The discussion was based on the Security Exchange Commission and a few other aspects.

During the course of the discussion, Butcher asked Garlinghouse what the fate of Ripple will be if it was declared a security. The CEO replied:

Security is something that represents ownership in a company that gives you rights to dividends, give you rights to governance, things like that. Ripple and XRP are two separate entities. When you buy XRP, that doesn’t give you any rights to the profits or ownership of Ripple the company.”

Garlinghouse said that there are lots of FinTech companies including banks that have adopted Ripple into their system and are even great investors. Additionally, Garlinghouse made it clear that there are no common grounds between Ripple and SEC; therefore, the false info concerning the debate or argument is a little bit weighty.

Garlinghouse went on to say that if Ripple doesn’t operate, XRP will keep functioning (a thing that the Ripple CEO has been saying again and again). It is important to add that the XRP token was handed over to the Ripple Company by its creator as a utility token. Garlinghouse further said this to Butcher:

So if XRP is a security, it’s a security for what?”

He also said about Coinbase; how the exchange platform affects the price of XRP and if they will ever list XRP. The CEO of Ripple said:

So does that mean XRP is the security of Coinbase or Ripple?” Garlinghouse ended by saying Ripple is not a security and that XRP is different from Ripple.

What is in for Ripple and its ‘hodlers’ if it is declared a security

Nonetheless, there have been many speculations that if Ripple becomes a security, its value will be on the downside and would repeat Garlinghouse’s statements that Ripple is different from XRP. If Ripple is declared a security by SEC, they (Ripple) won’t be that unhappy.

There are reasons behind that. First, we shouldn’t forget that last year, the WallStreet pleaded for a Ripple IPO. So if Ripple is declared a security, the WallStreet would be happy about that, due to the fact that Ripple be will feature on local exchange platforms in NewYork, Singapore, etc., and SEC will have a complete hold of Ripple.

And that will be to the advantage of Ripple because local trading platforms will want to bank on Ripple after being declared a security, and that would bring a surge to its current market capitalization. There is also a high possibility that the market capitalization of Ripple will attain a height twenty times more than it has now.

Subsequently, investors should not discard or sell their tokens, when Ripple gets declared a security because, as said earlier, Ripple will still attract more local exchanges and hence, the market cap would increase, thus, making investors to benefit as been ‘hodlers’ even though they may be charged for cashing out.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pxhere.com

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RoFX Review – Simplified Trading for Beginners

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Developed in 2009, RoFX was tested in the world currency market and started offering successful bids with excellent profits from 2010. It is an EA with a proven AI that provides a fully automatic trading solution. The robot is ideal for beginners who do not have much knowledge or experience in forex trading. Here is an honest review of RoFX based on the information gathered from myfxbook and top forex robot review tests.

How to Get Started with RoFX

You need to know that RoFX is not available for download. However, you can open an account for free on the robot’s official website rofx.net.  After logging in, the trader can choose from the packages available. A trader should select the package which seems to be the most convenient. 

The bigger the deposit, the less of a percentage is paid as performance fees. The trader also has the higher share in the daily trading profit. Daily profit is calculated as 0.38%. There is loss coverage guarantee.

The following packages are available:

  • Trial
  • Easy start
  • Moneymaker
  • Gold
  • VIP
  • VIP PAMM

You may view the details of the packages in the…

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Fear & Greed Index Suggests A Bull in the Bitcoin Market?

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As indicated by Justin Kwo, an analyst director from Bexplus, Cryptocurrency trading is a game of nerves and it cannot withstand the emotional behavior. Traders keep on changing their minds with the sudden and strong market fluctuations. This behavior reflects their psychological instability and prevailing sentiment in a particular time zone. However, in the Bitcoin market, traders’ emotions will determine their trading behaviors, which, therefore, affects the future trend of Bitcoin. 

So, what is Fear and Greed Index?

Alternative.me has the most well-known and respected Bitcoin fear and greed index.

  • Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
  • When Investors are getting too greedy, that means the market is due for a correction.

To make it precise:

  • When the index drops below 20 it indicates extreme fear.
  • When the index rises above 60, it indicates extreme greed.

The result of Fear and Greed Index is calculated from the following aspects:

Volatility: the program marks wider fluctuations as a sign of fear

Market volume: if buying volumes increase significantly, the greed levels rise, too

Social media: the client monitors, gathers and counts posts on various hashtags, to see how many interactions they receive…

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Origin Protocol Launches Fundraiser to Help Find Vaccine for COVID-19

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Origin Protocol
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Origin Protocol is selling KN95 masks at cost and shipping them to anyone in the US within 3-5 days.  This is just one of the ways Origin is turning its rewards campaign into a fundraiser to support the Coalition for Epidemic Preparedness Innovations (CEPI) — a foundation that is working to accelerate the development of vaccines against COVID-19. CEPI first launched in 2017 with initial funding from the governments of Germany, Japan, Norway and the Bill & Melinda Gates Foundation. To combat the COVID-19 outbreak, CEPI has been moving with great urgency in coordination with the World Health Organization (WHO), who is leading the development of a coordinated international response. 

“At Origin, we admire the critical work that CEPI is doing for people during this outbreak, and are dedicated to support its mission in accelerating the development of vaccines against COVID-19. With successful development and equitable access of these vaccines, we can fight COVID-19 together,” said Max Unger, Head of Community at Origin Protocol.

Shop at ‘Stay at Home’ & Support a Charity

For every purchase made on Origin’s ‘Stay at Home’ shop, the company will donate 100% of the proceeds to CEPI. Powered by Dshop

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