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Ripple’s XRP will continue to expand, even as SEC stays silent

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Ripple XRP
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Ripple’s XRP hodlers and fans have been complaining for quite some time about XRP’s absence from Coinbase listings. The most common explanation for this (which is hypothetical) is that the security lawsuits that are pending over Ripple are scaring Coinbase from including the cryptocurrency in its platform.

It’s all a problem of perception because only the SEC can decide whether if XRP is a security or not, no court decision can settle that question. The SEC has remained silent about Ripple so far but it’s already ruled that neither Ethereum nor Bitcoin can be considered securities, because of the high degree of decentralization they have, so there is no need to regulate them. This sets a precedent for Ripple’s XRP as well and helps understand why Ethereum Classic and Bitcoin Cash were listed by Coinbase.

Just a couple of weeks ago, Coinbase announced its intention to explore the possibilities to list five new digital assets in its platform: ZCash (ZEC), Stellar (XLM), Cardano (ADA), Ox (ZRX) and Basic Attention Token (BAT). Is that because they don’t have any pending lawsuits?

But a more important question is if these lawsuits and the SEC decision can really hamper XRP’s development throughout the world which is, let’s not forget, much bigger than the US, especially when it comes to cryptocurrencies.

The answer is short, sweet, and simple: no.

First of all, while Ripple Labs is still based in San Francisco, its activities, partners, and token hodlers and users have not centered in the United States anymore. Just to cite one example let’s talk about SBI Ripple. This is a company co-founded by Ripple Labs and Japan’s SBI Bank.

It’s based in Japan, and it’s instrumental in SBI’s brand new Virtual Currencies Exchange platform which is built around the XRP coin. SBI’s CEO is very enthusiastic about this project and keeps insisting that this will be the world’s most important exchange of its kind once it’s working at full steam.

The Californian company is also opening offices in several places around the world (Mumbai, for instance) so if anything hits the fan, they could just pack their bags, leave San Francisco, and head to one of their multiple offices scattered around the planet and keep working from there.

One particularly important partner is Banco Santander, a vast global bank with a substantial presence in Europe and Latin America which is considered to be the world’s best bank. Santander’s OnePayFX app is already deployed in those two continents, and it works by using XRP and Ripple technology. SBI Holding is using Ripple’s xCurrent for its remittances services, called SBI Remit.

A critical fact that not every crypto aficionado understands is that Ripple Labs and XRP are not the same things at all. One is a private company that provides financial solutions for international payments, while the other one is a fully decentralized cryptocurrency whose workings are entirely independent of the company.

Yes, Ripple is the most prominent owner of XRP tokens in the world, and yes, it was Ripple Labs who created the XRP currency. But the cat is out of the bag, and it’s found a life of its own. Ripple’s CEO has been very vocal in explaining that if Ripple were to disappear tomorrow, XRP would still stick around because it is now an entirely different entity. Besides, the lawsuits are against Ripple and not XRP.

Decentralization, the core value of any blockchain project, has other advantages. It’s enabled Ripple and XRP to gain presence all over the world and not to worry too much about developments in the US only. Ripple and XRP have a strong presence in India, Japan, and Europe. So even if restrictions should appear in their home country, they will still be able to thrive from beyond.

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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 Jace Grandinetti on Unsplash

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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