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Ripple (XRP) working round the clock to get listed on top US exchanges - Global Coin Report
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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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VOLUM uncorks its track and trace platform for global alcoholic beverage producer ISBG

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VOLUM onboards global wine and spirits producer, ISBG, to simplify its supply chain process with a track-and-trace platform that digitizes and reduces traditional paperwork

 

ESTONIA — March 2019 — VOLUM, the blockchain ecosystem for enterprises, is announcing that ISBG, a global producer of alcoholic beverages incubator, is partnering with VOLUM to implement its platform into its sales and distribution process. The VOLUM platform digitizes and simplifies both traditional paperwork and the supply chain process, using its operational smart contracts.

 

A supply chain can be a difficult process to track and trace. A comprehensive system of organizations, activities, information, and resources have to be accounted for, not to mention the overwhelming amount of paperwork. So, what’s a large corporation to do, if it truly wants to accelerate its supply chain while cutting back on paper waste? VOLUM has developed a blockchain framework that allows enterprises to convert traditional paperwork into a digital process while safeguarding all transactions and steps within a company’s supply chain.

 

VOLUM leverages blockchain technology with an ecosystem that is specifically designed for farmers, manufacturers, distributors, public utilities, governing agencies, financial institutions, and IoT data hosts. The VOLUM…

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Blockchain-Focused ETF Arrives on London Stock Exchange

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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Jeff Bezos
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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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