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Ripple’s (XRP) story could improve a lot because of this

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Ripple’s platforms have been tested many times so far. The crypto comes on top of every test almost every time. Their solutions (xCurrent, xRapid and xVia) are robust, functional and reliable. It’s no surprise why Ripple and their coin (XRP) are being adopted by more banks and financial institutions all the time.

Ripple’s technology will be put to the test again as Bank of Ayudhya (Krungsri), Standard Chartered and Mitsubishi Corporation just announced a test project in Singapore and Thailand.

Ripple Net’s volume has been growing exponentially, and these new partnerships will be a significant milestone for Ripple. The main point in this pilot program is to show how quick and reliable Ripple is when it comes to international payments.

Both Mitsubishi Corporation and Standard Chartered are among the world’s powerhouses. Their liquidity is absolutely without question. If they can turn to Ripple after the pilot works well, that could change Ripple’s history for good.

Ripple’s new business model

It’s called Coil. Not the one you know but a new business model that will find out a way for web owners who are trying to pay their top contributors to deliver. Stefan Thomas, Ripple’s CTO is the man behind this plan, and he’s ready to step down to make it happen.

Also, Ripple’s Chris Larsen and Evans Schwartz have joined the Coil team. It will use Ripple’s interledger protocols in order to offer better rewards for every user and produce better incentives for apps and digital content. The company is based in San Francisco, at Silicon Valley’s heart.

While there is no release date for Coil just yet, it’s fully backed up by Ripple regarding resources and money. It will appear on the web rather sooner than later.

Ripple matches Tron

Zebpay is India’s most important crytpocoins exchange platform. It recently started to allow crypto to crypto trading, and they chose Tron and Ripple to be the first couple of digital currencies to be mutually traded.

Zebpay announced the event through their twitter official account, and positive remarks hailed it. The XRP/TRX is the first coin coupling in the platform, but more are expected to come about in the following days.

The Ripple (XRP) blockchain gets to the top

Ripple organized the VIP blockchain week in New York City. It will bring together enthusiasts, educators, developers, and exchanges. It will be a big event. Snoop Dogg, the American rapper, performed for the attendants at the XRP Community Night which took place a couple of nights ago, May 15th.

Ripple’s price and performance

Ripple’s XRP was trading as low as $0.63 last May 12th which was a big blow for it. But the crypto-coin has been along with other currencies that are leading the pack back into a comeback and recovering green numbers.

XRP’s prices have risen significantly over the last three days. As we write this, it’s at $0.69 per token. Ripple is still the world’s third largest digital coin by market cap at 29.131 billion dollars.

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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 Romildo Campos via Flickr

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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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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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Three Biggest Things To Know Come Cryptocurrency Tax Season

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In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.

These three tips should help anyone looking to legally report their crypto activity to figure out where to start.

Documentation is key!

There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting.  Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.

Calculate your total gains

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