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

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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.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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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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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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