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‘’Coinbase’s Listing Of XRP Was An Independent Decision’’: Miguel Vias

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Wells Fargo Considers

A senior executive at Ripple claimed on social media that the blockchain-based payment network did not influence Coinbase’s decision to list the cryptocurrency on its exchange and we are looking deeper into that claim in today’s altcoin news.

A Twitter debate emerged between the United Kingdom-based investor Alistair Milne and Ripple’s head of markets Miguel Vias where Milne wrote to the company asking how they feel about the rumors revolving around Ripple paying or offering an incentive to Coinbase in order for XRP to be listed on their platform-Coinbase PRO.

The director of communications at Coinbase Elliott Suthers refused to discuss in public over this matter but Vias, however, denied the allegations saying:

 “We’re happy to go on the record,” he wrote, contradicting Suther’s perspective. Coinbase’s listing of XRP (also, not “our token”) was Coinbase’s independent decision – we did not give them anything to make it happen.”

The series of tweets continued the controversy around Ripple. Vias continuously rejected Milne’s previous description of XRP as belonging to Ripple but this is still a controversial statement because there are multiple contradictory statements from the company’s own executives and researchers.

On February 28, Coinbase announced the listing of XRP to its other platforms despite Coinbase PRO. The company claimed that the users can now buy, sell, send, receive and convert XRP both on Coinbase Android and iOS apps and Coinbase.com.

Coinbase has also seen some critiques over the past couple of weeks after deciding to take over blockchain data company Neutrino since concerns emerged from some crypto community sources.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

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Ripple News

Retired UFC Fighter Ben Askren Believes XRP Is A Scam

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Retired UFC Fighter
The retired UFC fighter Ben Askren who was most popular for supporting a few several cryptocurrencies in the past, recently stated that he believes XRP is a scam. Let’s find out more about the Ripple XRP news.XRP is now the third-largest cryptocurrency in the world by market cap and has seen a lot of accusations over the years. The coin was accused of centralization, being a scam, market manipulation, dumping on investors and much more. After a few comments from the parent company of XPR, Ripple, it seems that the debates around XRP’s legitimacy have been put to rest. However, the retired UFC fighter doesn’t seem to think that this is over. He recently posted on his twitter that he believes XRP is a scam.Askren has had a long history of supporting cryptocurrencies and was often described as the Bitcoin bull to which he accurately predicted that Bitcoin will surpass $10,000 back in early 2019. What is most interesting is that in October last year, he also used Twitter to challenge ‘’crypto geniuses’’ and dare them to explain why crypto is a scam. A few months after that, he started claiming that one of the largest cryptocurrencies which are ripple, is a scam, causing mixed feelings among his followers. Many do share his opinion while others have found that his opinion is uninformed.As mentioned before, Askren becomes known as a supporter of a few cryptocurrencies but mainly of Bitcoin and Litecoin. He represented LTC by wearing litecoin-branded clothes and he even shared the coin’s progression when the price surged. While he does seem to be a fan of bitcoin, he remains skeptical of XRP. His tweet regarding XRP is pretty much the only time that he had even commented on a coin that is not Bitcoin or Litecoin. He is also far off from being the only one that trashed XRP these days since a similar sentiment was seen by the former Wall Street Trader Tone Vays who became a Bitcoin analyst after he left Wall Street. Vays said that Ripple’s token has no place in the industry.Vays commented on the XRP coin once even openly calling it a scam coin. He mentioned that he is mostly convinced that Ripple created XRP as a completely fictional utility and he seems pretty sure that the coin is unregulated.
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Ripple News

XRP Bullish Signals Show A Parabolic Price Explosion

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XRP bullish signals
The XRP bullish signals show that a parabolic price explosion could be coming in the near future as one of the prominent technical analysts in the community recently pointed out so let’s find out more in today’s Ripple news.In a recent tweet, Tradingshot laid out a few different reasons that led him to believe that XRP could be preparing to ‘’explode.’’ The analyst explained that the moving average convergence divergence that usually follows the path of a trend and calculates the momentum is becoming bullish for XRP according to the 1-week chart. This index shows to be printing the same sequence as it did during the period between December 2014 and 2017 according to the trader. Tradingshot is now waiting for the 50 and 100-week moving averages to form a golden cross and the XRP Bullish signals could confirm the potential bullish upswing.Some of the investors see the Golden crosses as one of the strongest purchase signals that could start a long-term bull market but the 50 and 100-week moving averages on XRP’s 1-week chart are far from developing a bullish pattern which indicates that it is too early to call for a parabolic advance. The TD sequential indicator recently presented a purchase signal in the form of a red nine within the same timespan and the technical index predicted a one to four candlestick increase or the beginning of a new upward countdown.So far, XRP surged for three weekly candlesticks in consecutive order but the bullish momentum has not been very strong to allow it to close above the $0.24 resistance level. This major price hurdle is currently shown by the 20-week moving average and since 2019, the 20-week moving average contains the price of XRP from a further advance. Because of the prolonged situation of this barrier, the weekly candlestick close above can be seen as a positive sign. If this happens, XRP could surge and could even test the next level of resistance given by the 50-week moving average.It is worth noting that Ripple’s XRP has been in a huge downtrend since reaching an all-time high of $3.30 and since then the cryptocurrency was not able to reach a higher level. It still continues to make a series of lower lows and it hit a $0.176.
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Ripple News

Ripple Bulls Are Ready To See XRP Above $0.30

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ripple bulls
Ripple is slowly rising today above the $0.2300 region against the USD and is following both Ethereum (ETH) and Bitcoin (BTC) from the backseat. However, many believe that XRP has the power to outperform the most dominant cryptocurrency and altcoin - and the Ripple bulls are definitely ready to see the cryptocurrency trading towards $0.2500 or $0.2850 in the coming days.Recently, we saw a steady increase on the crypto market and a new market cap of $250 billion. This helped Ripple to recover above $0.2250 as its main resistance point - after which the XRP price followed a decent bullish past and surpassed the $0.2300 resistance point.There was also a close above the $0.2320 resistance and the 100 hourly simple moving average. This was how a new weekly high for XRP was formed near $0.2359 and how the price managed to rise.So, we can safely say that the Ripple bulls are closely watching the major bullish trend line forming with support near $0.2305 on the hourly chart of the XRP/USD pair. The trend line support is also very close to the 50% Fib retracement level of the recent wave from the $0.2259 low to the $0.2359 high.On the upside, the altcoin news and rumors show that Ripple can safeguard the $0.2350 and $0.2360 levels soon and the price is likely to continue higher towards the $0.2450 resistance. The first serious resistance, in that manner, would sit near the $0.2500 and $0.2550 levels. A successful close above these levels may open the doors for a larger upward move towards the $0.3000 barrier in the coming days.The XRP news today also show that a correction is always on the table. Even though the Ripple bulls are warm, there is always a chance for a retrace to the $0.2300 area (even though the chances are slim now).The 100 hourly simple moving average is also waiting near the $0.2240 level for Ripple and XRP. Therefore, dips towards the $0.2250 and $0.2240 are very likely to find a solid buying interest in the near term.Today's technical indicators for Ripple (XRP) are as following:Technical Indicators
  • Hourly MACD – The MACD for XRP/USD is starting to gain momentum in the bullish zone.
  • Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is right now near the 60 level, featuring a small bearish angle.
  • Major Support Levels – $0.2305, $0.2300 and $0.2250.
  • Major Resistance Levels – $0.2360, $0.2450 and $0.2550.
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Coinbase News

Coinbase And Ripple Executives Want To Drive US Crypto Adoption

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coinbase and ripple
The Coinbase news today show that two executives from Coinbase and Ripple are now leading a push for a smart regulation and transparency in the crypto sphere. According to them, this would arguably drive adoption and take blockchain technology mainstream.The Market Integrity Working Group's co-chairs want regulators to grasp how they can advance the crypto industry. As they said in an official company statement, the Coinbase senior director and associate general counsel Rachel Nelson along with Ripple's head of global institutional markets Breanne Madigan, wrote:
“To improve market integrity and provide consumers the confidence they deserve, Congress may need to enact legislation to support the orderly and secure functioning of crypto markets.”
When it comes to regulations, the Coinbase and Ripple executives noted:
“Such legislation could expand the Commodity Futures Trading Commission’s (CFTC) authority to include the regulation and oversight of digital commodity exchange markets.”
They also expanded on the need for a regulatory framework and said that state-specific regulations are to blame now.The Market Integrity Working Group has the Blockchain Association behind it. As these Coinbase and Ripple executives said in the crypto news today, exchanges are hobbled by many regulatory frameworks in the US and as a result of that, new exchanges find it hard to enter the market while existing ones have a hard time remaining compliant.
“Consumers and cryptocurrency exchanges deserve a clear regulatory framework, the establishment of which would ultimately enhance market integrity and drive consumer adoption of cryptocurrencies.”
The executives from Coinbase and Ripple now argue that the new exchanges face byzantine burdens while existing exchanges struggle against compliance requirements. However, a regulatory framework would help them bolster market integrity and would encourage consumer adoption of cryptocurrencies.Before this, we saw that Coinbase announced Dogecoin (DOGE) and Stellar (XLM) support on their wallet and developed a new asset listing process. On the other hand, Ripple's XRP token was in the news for trading high and reaching new monthly highs. Right now, the altcoin is at $0.2329 with a 2.17% increase on the day and a market cap of $10.18 billion.Speaking of which, the market has returned to its previous highs and is now stable at $247 billion and preparing to cross the major psychological barrier at $250 billion.
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