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Ripple (XRP) working round the clock to get listed on top US exchanges

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Ripple XRP
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Ripple is arguably an essential bridge between the world of virtual currencies and traditional banking, credibly designed to transform how financial institutions transfer money across borders, making settlements faster and cheaper. However, Ripple is working round the clock to get listed on Gemini and Coinbase, the two major US-based cryptocurrency exchanges.

According to sources that asked anonymity, last year, Ripple offered a $1 million cash payment to Gemini and a loan of over $100 million in XRP to Coinbase, the cryptocurrencies market leader in virtual currency exchange platform, in exchange for a listing. A somewhat standard practice done by companies who want their virtual currencies listed with top exchanges. Both exchanges declined to pursue the offers, the sources revealed.

Coinbase and Gemini usually pick and decide the virtual currencies that trade on their platforms. At the moment, Coinbase offers Bitcoin, Litecoin, Ether, and Bitcoin Cash on their platform while Gemini trades only two cryptocurrencies namely Bitcoin and Ether. But, the Winklevoss twins, co-founders of Gemini, stated they were looking to grow with plans to onboard Litecoin and Bitcoin Cash in the near-future.

Gemini and Coinbase are likely to be declining to list Ripple due to the warnings by the US government on unlicensed exchanges in listing digital coins that were perceived to be securities, whereby XRP might be categorized as one because a single company controls it.

However, according to recent news releases, Coinbase will be relocating to Japan to inaugurate development activities in the Asian nation. Japan is generally seen as the homeland of blockchain technology and virtual currencies, mostly because of the high number of cryptocurrency enthusiasts and investors residing in Japan.

Even though this decision doesn’t come as a big surprise, a move like this one could have enormous after effects for many cryptocurrencies and their communities. More so, Ripple (XRP) might get listed to Coinbase, thanks to this move.

Unlike their American counterparts, the Japanese government allows cryptocurrency exchange platforms to operate in their territory with reasonable requirements needed to be satisfied. For a cryptocurrency exchange to operate in, the Asian country, they must be licensed and comply with some crypto regulations devised to protect the security and integrity of both the investor and virtual currency. Therefore, the Japanese regulations are not created to delay the operations of virtual currency exchange platforms.

Be that as it may, Coinbase will have to acquire a valid license and show commitment to the Japanese crypto regulations before relocating to Japanese soil.

Ripple (XRP) is a very respected coin in Japan, as it is the third-largest virtual currency in the market. It is also the most used digital coin used in the country making it the best candidate Coinbase would want to add in their listing as soon as they relocate their operations to the Japanese territory.

From Ripple’s point of view, the addition and adoption of XRP on Coinbase will have a significant positive effect on the prices of XRP prompting a bull run. But before then, Ripple will have to remain in the cold until Coinbase shifts their operations to Japan.

And of course, Ripple seems to be working as hard as it can to get these top US listings. The crypto has been in headlines positively lately, from the Snoop Dog performance event to most recent partnership with Japan’s SBI bank; all such actions will surely clear its way to get those listings faster.

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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.

Image courtesy of Pxhere.com

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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