+2

Coinbase Says “No Decision” has been made for Ripple

By Garry

Coinbase Says “No Decision” has been made for Ripple
“No Decision” on New Assets, Coinbase Says Among Ripple Rumors
Coinbase is pushing back against stories that it may soon add Ripple’s XRP token to its current trading pairs.
The guess originated after it revealed that Coinbase chief operating officer and president Asiff Hirji might show up close by Ripple chief executive Brad Garlinghouse on a special episode of CNBC’s “Fast Money” program on 6th March. What’s more, in spite of any hard confirmation of the presumed listing, the price of XRP rose to over $1 on Monday.

Following hours of radio blackout on the issue, Coinbase used Twitter to push back against the rumors, expressing that the January proclamation about listing new cryptocurrencies – which subtle elements how a “committee of internal experts” eventually make those decisions – hadn’t changed.

Our January 4th, 2018 statement continues to stand: we have not decided to add additional assets to either GDAX or Coinbase.

As prepared CNBC segment, it’s not clear whether Garlinghouse and Hirji will speak on the panel or show up independently. Host Melissa Lee tweeted a screenshot of a promo for the crypto-themed segment prior today, which likewise records Passport Capital founder John Burbank and Social Capital founder and CEO Chamath Palihapitiya.

A representative for Ripple declines to comment on the rumors when reached.

Ripple has seen a further outstanding month not withstand its cryptocurrency asset XRP losing significantly versus unequaled highs in early January. In mid-February, the organization declared Western Union was additionally trying to use its technology to decrease the time and expenses related to its cross-border exchanges.
XRP has won the attention of its customers’ by shooting up to 1,000 percent at the start of this year as well as new clients; its blockchain startup has become the talk of the crypto industry in 2018.

However, it is essential that the newcomers are aware that the root of all this enthusiasm is due to specific claims by the startup- specifically, that its tech would be possible to transfigure international payments, improving the outdated methods which are followed for payments and money between substantial financial institutions.

According to Ripple, not only are its products cheaper and faster but it also proudly endorses them as being more methodical than the services available in the marketplace nowadays, an assert that emphasizes primarily on its use of cryptocurrency and blockchain technology.

To read more visit: https://coindelite.com/news/coinbase-says-no-decision-has-been-made-for-ripple/

Coinbase just threw a bit of cold water on Ripple enthusiasts eager to see their coin hit the popular mainstream exchange.

Rumors that Ripple’s XRP would be next in line after Bitcoin Cash reached a fever pitch this week among coin hype types, with some reading between the lines of a Tuesday segment of CNBC’s Fast Money that’s set to feature Ripple CEO Brad Garlinghouse and Coinbase President Asiff Hirji in what appears to be a panel discussion on cryptocurrency trends.

Speculation based on the Fast Money segment drove XRP up to $1.07, up about 6% from weekly averages. Ripple’s XRP remains the only coin in the top five by market cap that isn’t available on Coinbase, though given XRP’s centralized nature and very different aims when compared to other cryptocurrency projects, its absence isn’t that surprising. Still, there is plenty of trading interest and those things don’t preclude Coinbase from adding XRP in the future were it to choose to do so.

Responding to the rumors, Coinbase tweeted “Our January 4th, 2018 statement continues to stand: we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.” Following the statement, XRP slid back modestly toward its previous averages.

The company also linked to a January 5 blog post on its criteria for adding new assets. That post states that “Coinbase will announce the addition of new assets only via our blog post or other official channels.” The company likely isn’t eager to repeat the chaos around the introduction of Bitcoin Cash. Support for Coinbase’s newest asset was announced officially well ahead of time, but the rollout itself was marred by massive premiums, a trading freeze and an internal insider trading investigation.

Speculation based on the Fast Money segment drove XRP up to $1.07, up about 6% from weekly averages. Ripple’s XRP remains the only coin in the top five by market cap that isn’t available on Coinbase, though given XRP’s centralized nature and very different aims when compared to other cryptocurrency projects, its absence isn’t that surprising. Still, there is plenty of trading interest and those things don’t preclude Coinbase from adding XRP in the future were it to choose to do so.

Responding to the rumors, Coinbase tweeted “Our January 4th, 2018 statement continues to stand: we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.” Following the statement, XRP slid back modestly toward its previous averages.

On Tuesday, when Bitcoin Cash hit Coinbase, the popular user-friendly U.S.-based exchange, cryptocurrency’s reputation as the financial wild west was on full display.

While anyone following along was well aware that Coinbase planned to add Bitcoin Cash, the currency created in August’s Bitcoin hard fork, things still got weird immediately. After some suspicious pre-launch climbing, Bitcoin Cash’s Coinbase launch immediately saw prices soar to almost three times those listed on other exchanges.

That “significant volatility” led Coinbase to freeze transactions for its newest asset, creating plenty of confusion in the process. Just a few hours later, the company disclosed that the chaos had prompted an insider trading investigation, a surprising concession after some in the cryptocurrency world cried foul (to be fair, they are often crying foul).

While it’s not yet wholly clear what was going on, many digital currency enthusiasts have pointed to a Reddit thread from three days ago titled “ATTN: Bitcoin Cash added to Coinbase API (EXTREMELY BULLISH)” that claims to have spotted evidence of Bitcoin Cash’s addition on a Coinbase API key permissions screen.

+2
Author's Score 2.7
Up Votes
10
Down Votes
0
Articles
6
Voted on
0 articles
For everything fun and local, you can find it on Fonolive
Tags:
"latest bitcoin news, "latest bitcoin news,bitcoin, bitcoin,bitcoin news, bitcoin news,latest cryptocurrency news, latest cryptocurrency news,cryptocurrency, cryptocurrency,cryptocurrency news, cryptocurrency news,ripple, ripple,ripple news, ripple news,xrp, xrp,passport capital, passport capital,social capital, social capital,latest cryptocoins news, latest cryptocoins news,latest ripple news, latest ripple news,cryptocoins news., cryptocoins news.,

Recent Articles

Ask a woman who has recently undergone all the action that takes place when it comes to choosing a wedding dress...
The print is the unique tumultuous technology and brings information and awareness to the populace. That is why...
Certified Mortgage Brokers are dedicated to ensuring that property buyers, whether residential or commercial get...
The Android apps extend the capabilities of Android, serving multiple functions varied Android applications are...
Whether your lessons on driving comes from your parents and siblings or a driving school, one of the common things...


Copyrights © 2016 Voticle. All Rights Reserved.