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Ripple Reportedly Violates The Listing Rules Of Coinbase: Report

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Coinbase’s listing rules were reportedly violated by Ripple (XRP) according to the report issued by blockchain research company Diar which we are looking into more in our altcoin news below.

Diar claims that Ripple broke the rules and requirements of Coinbase to be listed on the platform after the platform added support for the cryptocurrency on its Pro platform.

In the ‘’Digital Asset Framework’’ of Coinbase, the company states that ‘’the ownership stake retained by the team is a minority stake’’ but at the same time, Diar states that Ripple holds about 60 percent of the supply in escrow.

Coinbase Pro added support for the XRP token on February 25th and in the announcement, Coinbase said that full trading of the altcoin will be available for US customers but also for customers from Canada, the United Kingdom, Singapore, the European Union, and Australia.

XRP reached an increase of value after getting listed on Coinbase PRO which was followed by a gradual decline from the weekly high.

According to the crypto analytics company Messari’s report, XRP’s market cap is believed to be overvalued by as much as $6 billion claiming that XRP’s liquid circulating supply could possibly be overestimated by as much as 48 percent. The report states that the actual market cap is somewhere about $6.9 billion instead of the $13 billion that was initially reported.

The Q4 report of Ripple shows that the company managed to sell $535 million worth of the altcoin in 2018, while 3 billion XRP was released and 2.4 billion were returned. The remaining 600 million that were not returned to an escrow are now used in ‘’ a variety of ways.’’

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

Stefan is a full-time member and has been a Bitcoin Specialist for over 6 years. Providing daily news and updates for DC Forecasts.

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XRP FAQ: The 7 Most Common Questions Asked About Ripple

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The market interest about Ripple's token has been increasing lately and the XRP FAQ is getting read by more and more users. In times when XRP is reaching a fever pitch, people have more questions about the company and the second biggest altcoin in front of it. In order to clear up any misconceptions about Ripple and XRP, we have published answers to seven of the most frequently asked questions that the Ripple team has received. So, let's begin with this crypto news informational article. 1.How do I buy XRP? First in our list of XRP FAQ is this common question. The answer is simple - XRP is available for purchase on more than 60 digital asset exchanges worldwide, most of which are listed on this page. However, you should know that every exchange has a different process for purchasing XRP. 2.What is the difference between XRP, XRP Ledger and Ripple? The Ripple news also show that this is a common XRP FAQ search. To answer it, XRP is the digital asset native to XRP Ledger. The XRP Ledger, on the other hand, is an open-source and distributed ledger while Ripple is a privately held company. 3.How many financial institutions adopted XRP so far? As of May 2018, eight major providers including  MoneyGramMercuryFX, IDTCuallixWestern Union, Cambridge Global PaymentsCurrencies Direct and Viamericas have all publicly announced their pilot use of XRP in payment flows through xRapid. 4.How secure is XRP and do you have to use exchanges? If you are looking up the XRP FAQ from their official website, you will see that the XRP Ledger is where XRP transactions occur and are recorded. The software operates with a variety of organizations and has an open-source code base that actively develops and maintains the ledger. To purchase XRP, you must use an exchange or gateway and/or have a digital wallet. Ripple does not endorse, recommend, or make any representations with respect to gateways, exchanges or wallets. 5.Which wallet should you use for XRP? The rule of thumb is to conduct your due dilligence before trusting money to any third party or third-party technology. However, a simple research online will show you that TREZOR and Ledger Nano X are the two best hardware wallets for XRP.  
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Ripple Will Be The Amazon For Crypto: Brad Garlinghouse

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Ripple will be the Amazon for crypto as per the CEO of the platform Brad Garlinghouse who stated his optimism in an interview with CNN’s Julia Chatterley when speaking about the current state of Ripple’s XRP and the plans for this year. Let’s find out more in the following XRP news today. Garlinghouse concluded that in about 5 years time, Ripple will be the Amazon of the crypto industry. It seems that the Amazon cryptocurrency will have to wait since Ripple will be the most used one. Garlingouse sees Ripple and XRP as doing pretty good in 2020 but he doesn’t pay as much attention at the short-term prices. He sees his company from a longer-term standpoint and compared the nascent crypto markets with the now hundred billion-dollar markets such as gold. Brad believes that Ripple’s ecosystem will continue to grow in the future and will solve real problems for real customers with projects such as Coil.  He also doesn’t see Bitcoin or Ethereum as competing but believes that the overall growth in the space is good for everyone. Ripple grew by adding more than 100 employees during the bear market and many other projects had massive layoffs as well. Brad commented on the upcoming Ripple IPO although he didn’t give a definitive timeline:
‘’we’ve added more than 150 employees last year, at a time when I think others have been less focused on solving real world problems. There’s been a bunch of lay offs in crypto community over the past weeks.’’
Ripple intends to work with regulators for more clarity and he wants to see the US becoming a leader in the crypto industry which will not happen without regulatory clarity. He also said that XRP’s value is north of $10 billion so this valuation for the IPO presents an opportunity for Ripple shareholders which will give the platform more flexibility to pursue deals such as their $50 million investment in MoneyGram:
‘’When I step back and think about it macro, I think it’s really healthy and constructive for the entire crypto blockchain community to see central banks and central governments lean into what can these new technologies do to make our economy more efficient, our payment infrastructure more efficient… so at large I think it’s really positive.’’
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Ripple Has Room To Double As Technical Strength Grows

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The XRP news today show that the native cryptocurrency by Ripple has room to grow a lot more and appears to have retraced in a quick period of time. Now, Ripple's token is back below its key psychological resistance at $0.30 in a market breakdown which occurred overnight. This opened the gates for further short-term bearishness and according to many, could trigger the price of XRP to move downwards. However, there are still analysts who are optimistic about XRP's trajectory and believe that Ripple has room to double in the future as its technical strength grows. All of this was sparked by the Bitcoin news initially, which showed that BTC went below $10,000. Once the dust settles from the recent drop, however, we could see a massive rally and see how Ripple has room to double. This could be fueled by growing technical strength, too. At the time of writing, the XRP token is trading down by 10% at the current price of $0.29 which marks a massive retrace from its daily highs set at $0.33. The cryptocurrency is also in the process of shedding the majority of the gains which were incurred during its recent rally that led it to highs of around $0.36, with its inability to find stability around this price action which spelled trouble for what comes next. One prominent trader named Nik Patel wrote a blog post in which he explained how the token was able to break above a trendline resistance - also explaining why Ripple has room to grow now.
“Looking at XRP/USD on the Weekly timeframe, we can see that price broke out above trendline resistance from June 2019 a couple of weeks ago on strong volume, and has now found resistance at the prior swing-high at $0.36,” he said.
In order for the cryptocurrency to rally past this resistance, it will probably require Bitcoin to see some further momentum. Patel said that he does believe XRP will ultimately see some significant upwards momentum and set a mid-term target with highs around $0.56.
“Volume continues to rise and I am firmly of the belief that dips are for buying, with the ultimate target being the high at $0.56 from June 2019,” he noted.
Patel also explained that the cryptocurrency is right now "consolidating above its 200-day moving average" and a strong defence of its key defence at $0.27 could spark a new short-term movement to over $0.36 soon.
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Ripple Eyes APAC Expansion Via On-Demand Liquidity Product

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Ripple eyes APAC expansion since there’s an increase in the remittance sphere in the Asia Pacific region. However, according to an article by Pegah Soltani who is a Senior Product Marketing Manager at Ripple, there are a few issues with transferring the funds between local currencies as we are reading further in the XRP price news. Soltani explained that the APAC market sees around 2 billion remittance transactions per year which is why Ripple eyes APAC expansion. Ripple aims to encourage the remittance services and banks to contact them if they want to improve the systems by using Ripple’s On-demand liquidity product that is backed by XRP. Soltani’s article explains that in the APAC region including Thailand and the Philippines, cash still plays the lead role when it comes to remittance services. 90 percent is named as the local payments value in cash in Thailand as per the report: “Cash transactions still represent a staggering 90% of Thailand’s domestic payments value.” The same goes for the Philippines since the service providers have to be connected with major outlets that work with cash payouts. The current remittance solutions are quite hard to scale according to Soltani. There is a high need for pre-fund bank accounts but it makes the fees very high. The author drove the article towards a conclusion that Ripple’s on-demand liquidity services can improve the situation with remittances in the APAC region and can even make the transactions much more fast and cheap. Soltani offered the banks and remittance service providers to contact the crypto platform and see how the ODL services can improve and help them serve their customers better. As it was recently reported here at DC Forecasts news in the previous XRP price news, Ripple increased its presence in some of the Asian Pacific countries. MoneyGram, the huge strategic partner of Ripple has also expanded recently, especially enhancing its presence in Singapore by setting up a website for the local users that can send funds via the On-Demand liquidity platform. Ripple made another key partnership with Intermex who is a leader in the remittance industry in Latin America.
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