Connect with us

Blogs

Ripple (XRP) Makes Three New Wins – So Much for Controversy

Published

7 months ago

on

XRP
READ LATER - DOWNLOAD THIS POST AS PDF

Despite the recent controversy, numerous lawsuits, and a still ongoing question what Ripple (XRP) really is by nature, this coin continues to make new victories. The latest ones include XRP being listed in three brand new crypto exchanges, which are marking a whole new era for XRP.

Coinbase still ignores XRP

Ripple (XRP) seems to be on a roll lately, even with all the talks about its true nature that have had many people doubting it lately. If you are an XRP holder, you will be happy to know that this crypto has just managed to ensure three more listings, in some pretty reputable exchanges.

Of course, none of them is Coinbase, which is Ripple’s ultimate goal. However, there is still time for that to happen, and the more exchanges this crypto conquers in the process, the larger the chance that Coinbase will finally start seeing it as worthy.

After all, new exchanges mean new trading pairs, more exposure, and a larger liquidity for the coin. Eventually, Ripple hopes to dominate the market, and getting on Coinbase is what this crypto has set as its ultimate goal.

Three exchanges go for Ripple

As mentioned, Ripple has managed to charm three new exchanges: DX.Exchange in the EU, Australian The Cryptocurrency Exchange, as well as India’s Unodax.

DX.Exchange has released its announcement that it would list XRP and considering that it is one of the few exchanges that were regulated by the EU, this brings quite a large level of legitimacy to Ripple. The exchange is still relatively new and is currently being tested. However, its official launching date is July 25, which is only two weeks away. As soon as the exchange goes live, so will Ripple trading pairs, which gives this crypto something important to expect in the near future.

Next, we have The Cryptocurrency Exchange. Despite the general name, this exchange is a big thing in Australia, and Ripple getting on its list will certainly improve this coin’s influence on the entire southern continent. This time, there is no waiting involved, and Ripple is already live on its list.

The third and final exchange that has decided to add Ripple, at least for now, is India-based Unodax. Not only did they add XRP to their list, but they even made it their base coin, together with Bitcoin (BTC) and Ethereum (ETH). This will allow Ripple to be traded in up to 17 crypto-crypto trading pairs.

Of course, considering that this is India’s exchange, Ripple’s future operations will need to find a way to comply with RBI’s recently released regulations. The regulations are pretty strict, and the crypto industry in this country has suffered greatly from that fact. However, as long as Ripple is willing to be traded on a crypto-crypto basis, the coin should not have a lot of problems.

Even with these successes, Ripple’s price is still not expected to react in any big way. In order for an exchange listing to seriously influence Ripple, the coin would have to get into Coinbase, as mentioned earlier. Still, getting listed in three exchanges with solid reputations is certainly not going to damage Ripple in any way, so we still consider this to be a large win for the coin.

For the latest cryptocurrency news, join our Telegram!

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 Pexels

Related Topics:
Continue Reading
Click to comment

Blogs

How is the Crypto Market Changing?

Published

24 hours ago

on

February 19, 2019

By

crypto market
READ LATER - DOWNLOAD THIS POST AS PDF

It has been around a month and a half since the start of 2019, and there are already some pretty obvious changes in the way the crypto market operates, especially when compared to the last year. Early 2018 was almost a complete opposite. The previous year started with cryptocurrencies at their strongest, only to see them crashing down after a few weeks. Back then, the ICO model was still quite strong, and so was the hype surrounding the crypto space. New investors kept entering the space, and new startups emerged with their tokens ready to be sold.

As the year progressed, things started to change. The prices continued to drop, the ICO model went down from around $1.4 billion in raised funds at the beginning of the year to only $100 million in the last month.

The ICO model lost investors’ trust, as many of the projects turned out to be either too weak to survive after the crypto winter struck, or scams which tricked investors out of their money and disappeared. Not to mention that the increase in ICOs popularity attracted the regulators who cracked down on them pretty hard, especially in the US.

With all of that happening, it is of a small surprise that the investors started giving up on ICOs, especially with the constant drops in prices which saw even the largest coins…

Continue Reading

Blogs

Understanding the Uses of Different Types Of Cryptocurrencies

Published

2 weeks ago

on

February 8, 2019

By

cryptocurrencies
READ LATER - DOWNLOAD THIS POST AS PDF

Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

Continue Reading

Blogs

New DoJ Ruling May Cripple Gambling dApps

Published

2 weeks ago

on

February 5, 2019

By

gambling dApps
READ LATER - DOWNLOAD THIS POST AS PDF

A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

Continue Reading

Elite