Connect with us

0x [ZRX]

Why Ripple (XRP) and 0x (ZRX) May Never Get Coinbase Integration…

Published

on

Coinbase is the pinnacle of cryptocurrency exchanges and getting listed on it provides benefits every other coin would wish to have. Other than being seen as an endorsement of the project, it offers a pathway to growth via exposure to new investors, especially in emerging markets like the US. Will Ripple (XRP) and 0x (ZRX) get on Coinbase?

Ripple (XRP)

Ripple is the third-largest cryptocurrency by market capitalization, and thus meets part of the original criteria for listing.

When Coinbase revealed that they’d be adding Ethereum Classic (ETC), many questioned why the site hadn’t chosen to add support for XRP.

As it stands, XRP may not get on Coinbase any time soon. First, it’s due to early revelations of attempted bribery. Secondly, according to Coinbase, it doesn’t meet all the requirements, least of all the issues of legal ramifications and pending cases.

Something else, the crypto continues to be categorized as centralized with over 80% of the coins held by the parent company.

In early June, Coinbase revealed that what should have been a moment of great news for all crypto, XRP included. They had said that they were “excited to announce that {we’re on} track to become a US-regulated blockchain securities trading venue. We believe this is an important moment not only for Coinbase but the entire crypto ecosystem.”

But as it turns out, that won’t be the case for Ripple. All along, the San Francisco based company behind the crypto has maintained that the coin isn’t a security. So, the US-based site won’t add it on one principle: the crypto maintains it’s not a security and it can’t suddenly turn and say it is.

As with regard to whether it’s a security or not, head of marketing Cory Johnson had earlier maintained that:

“Coinbase never ever raised the issue of whether or not XRP is a security in our discussions about listing XRP. We’re 100 percent clear, it’s not a security. We don’t meet the standards.”

Pending cases

There are those allegations that have come to the fore again regarding XRP. Two class action lawsuits allege that the company sells and aggressively promote the coin. As such, investors buy in the hope that they are going to make profits. The cases are in court and even though Ripple may succeed in clarifying how it’s not a security, I don’t see the exchange jumping onto the decision and simply list the coin.

0x (ZRX)

0x is an open-source and permissionless protocol that allows users to utilize its ZRX token to trade any other ERC20 token on the Ethereum network. Many see it as a revolutionary platform that will change how tokens are traded.

That hype means that there has been strong speculation that Coinbase may add 0x since it acquired Paradex earlier in the year.

The platform has a lot of advantages going for it, which could easily qualify it for listing on the crypto exchange. 0x does meet all the requirements as set up by Coinbase for its GDAX listing via the Digital Asset Framework.

In early March, the exchange stated that they were only going to list assets that meet the conditions. The ZRX token fulfills requirements regarding decentralization, economic freedom, and legal compliance

And so, while that could still be enough to make it happen, there is a growing feeling that it’s very much unlikely. 0x allows investors to trade virtual coins and tokens directly with each other. As such, 0x could be seen as a platform that provides direct competition to GDAX. One other thing is the cryptocurrency’s objective of making centralized exchanges obsolete. It may be a counter-point to the coin’s efforts to get on one of the world’s premier traditional exchanges. But there’s more that alludes to the end of hopes for ZRX getting onto Coinbase.

Recent developments

And it all has to do with recent developments. Coinbase is in the process of getting the regulatory go-ahead to start adding blockchain/crypto security assets.

“If approved, Coinbase will be capable of offering blockchain-based securities, under the oversight of the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA)”

This development may mean it no longer needs to use the services provided by 0x (ZRX). Even though the token qualifies to be added, it may not serve any value to the site. It thus means its more lucrative for it to look at other coins with attractive propositions and which meet all the requirements.

0x [ZRX]

Mike Novogratz: Bitcoin will reach all-time high by year-end thanks to Libra

Published

on

Novogratz believes that Facebook’s Libra will help push Bitcoin’s price up.
He also observed that there has been a renewed interest in Bitcoin since the Libra announcement.
During an insightful interview with Bloomberg TV, Galaxy Digital CEO, Mike Novogratz, said that Facebook’s Libra will help push Bitcoin’s price up and will bring new users into the crypto space.

“Facebook’s got two billion-plus consumers. Why it’s such an exciting experiment is if it gets turned on, and I think there’s a probability it does and a probability it doesn’t, but assuming it gets turned on you, now have up to two billion consumers that get to actually experiment and use it….So before Facebook launches, we’re going to have a real view at an experiment called Telegram where they also have a userbase. These projects, if it’s Bitcoin or Ethereum, it’s converting new users. It’s not offering new product to existing users. So I think the chances of adoption in these existing platforms is pretty high and that will spill over into the broader crypto community.”

Novogratz also revealed that there is a renewed interest in crypto since the Libra announcement as Galaxy Digital has been getting a lot more calls than usual:

“From the moment the Facebook Libra project got announced, the phones started heating up again. Crypto had been quiet. Bitcoin had a monster correction. Crypto had a 95% correction in 2018. And when Bitcoin started moving back up again, when people start making money, people get interested. And the price went up for a few reasons.

It went up because of the China trade war. It went up because we’ve got political instability all over the world. It went up because people started talking about easing rates again. And the debasement of fiat currency argument got involved. And then mostly Facebook. Institutions are investing in funds out in San Francisco and they’re getting much closer to making either their first or major investments in the space.”

For his 2019 Bitcoin prediction, Novogratz feels that Bitcoin is going to consolidate in the short term with a drop to $8,500, but will spike up to its all-time high:

“So we had a big move from $4,000 to almost $13,500. And I think we’re going to consolidate. I originally said $10,000 to $14,000 – $8,500 should be the low that holds. I’m hoping it doesn’t get down there, but if it does, it wouldn’t surprise me. And then I think, as these institutions that have gotten excited again, maybe towards the end of the year, hopefully sooner, we push out of that range and we go back to the old highs at $20,000.”

News Source

Continue Reading

0x [ZRX]

OX Price Prediction: Long-term (ZRX) Value Forecast – July 14

Published

on

  • ZRX/USD market’s attempt to the up on July 8, has now reversed being a slightly bearish trend.
  • Investors may now venture into the crypto-market, but traders going short should be wary of further violent price move to the south.

ZRX/USD Long-term Trend – Bearish

  • Distribution territories: $0.35, $0.40, $0.45
  • Accumulation territories: $0.20, $0.15, $0.10

On July 8, the ZRX market made a futile price move against the SMA trading indicators to average its last $0.35 upper range point. The move has now reversed being a slightly bearish trend to the south below the two indicators.

The 50-day SMA is located over the 14-day SMA. And, they appear pointing to the south direction. Price has been trading at a low value of around $0.25 mark. The Stochastic oscillators have closed the hairs tightly at range 20. That could lead to a consolidation movement.

Without doubt, the ZRX/USD market has been in depressions quite a while. And, the bears have almost driven the crypto’s value beyond one of its lowest trading zone at $0.25 point. Presently, it seems that it would take a while before this crypto-market sees a decent buy signal. Reason being that it would be necessary for the pair to find a foundation that price spot of the market. At this point of trading, traders should be wary of further violent price move to the south. But, investors may now decide to venture into it.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Source. bitcoinexchangeguide.

Continue Reading

0x [ZRX]

0x [ZRX]’s price ascends by 7.2% while other cryptocurrencies struggle to stay afloat in the massacre

Published

on



0x is ranked 26 largest cryptocurrencies by volume and has been gaining a lot of traction due to the active and responsive team behind the project.

At the time of writing 0x was soaring by 7.2% with a total market cap of $324.1 million, while cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], XRP are struggling to climb out of the enchanted bear-urn. The cryptocurrency is currentlytrading at $0.5932 with trading volume at $15.29 million.

Source: CoinMarketCap

0x is steadily gaining momentum as it keeps hitting higher highs. The price peaked at two points [$0.5975 and $0.5980] on November 16.

0x is an open protocol that provides a peer-to-peer exchange of digital assets on the Ethereum blockchain. In a recent blog post published by 0x team updates the development happening in the project. The Counterfactual project received an update, as the 0x teams [L4] have collaborated with teams from Prototypal, Celer, and Magmo.

Counterfactual is an open-source project that moves blockchain applications off-chain using “State Channels”. They aim to increase performance and scalability by moving it off-chain. The team wants to set a standard in the community for the foreseeable future for all Dapp developers to use the existing framework provided by Counterfactual to quickly build scalable apps on Ethereum.

Source.ambcrypto

Continue Reading
Open

Close