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Another win for #RelistXRP campaign: What do these developments mean for XRP though?

What a difference a few months can make! Back when the year began, XRP, the cryptocurrency at the center of the lawsuit filed by the United States Securities and Exchange Commission against Ripple

The post Another win for #RelistXRP campaign: What do these developments mean for XRP though? appeared first on AMBCrypto.

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What a difference a few months can make!

Back when the year began, XRP, the cryptocurrency at the center of the lawsuit filed by the United States Securities and Exchange Commission against Ripple Labs, was valued at around $0.21. Since then, however, the crypto’s hike has been exponential, with the altcoin climbing to levels unseen in a long time.

What has contributed to XRP’s price action rallying? Well, it can be argued that positive case developments have contributed to the crypto’s recovery on the charts. However, the impact of these legal developments isn’t limited to price alone. In fact, it would seem that it is also refueling the #RelistXRP campaign, with the same now revitalized on the back of Singapore-based Phemex relisting the altcoin.

Citing “popular demand,” the exchange yesterday announced the relisting of XRP, with the same accompanied by the listing of BAT, SUSHI, SNX, and MKR, among others. Back on New Year’s Eve, Phemex was one of the many crypto-exchanges to suspend XRP trading. At the time, Phemex had said,

“Following the news of the SEC’s lawsuit against Ripple Labs, Inc. and the resulting actions by a number of other exchanges, we have decided to suspend XRP from next week.”

Curiously, Phemex isn’t the first exchange to re-institute XRP trading. Back in March, Switzerland-based Lykke also announced that it was “thrilled to relist XRP.”

What do these developments mean? More importantly, are these developments hinting at more forthcoming relistings in the future?

For starters, it’s worth acknowledging why these relistings happened in the first place. Yes, “popular demand” did play a part, but more than anything so did positive legal developments in the aforementioned lawsuit. In fact, so positive have recent developments been that many in the community now expect Ripple and its execs to win the lawsuit or at the very least, force the SEC to come and settle.

More specifically, a key clarification made by the SEC in the lawsuit could have opened the doors to such relisting endeavors.

Back in March, when the SEC’s counsel was asked by the judge whether everyone who sold XRP was selling illegal securities, the former responded,

“No, under Section 4, only Ripple and affiliates of Ripple can have sold XRP illegally.”

Everyone who sold XRP was not selling illegal securities, he clarified. What this meant was that exchanges based out of the United States will not be held liable for the sale of XRP.

According to popular attorney Jeremy Hogan, this was a “bombshell” of a clarification, with the same potentially opening the door to exchanges listing XRP once again. Is that the case though? Lowenstein Sandler LLP’s Park Bramhall thinks otherwise, however, with the lawyer arguing that in the SEC’s view,

“… parties other than Ripple and its affiliates can rely on the exemption from registration provided under Section 4(a)(1) of the Securities Act for resales of XRP, and that exemption is only relevant if XRP is deemed to be a security.”

This was what transpired in March. Over a month has passed since and yet, we haven’t seen any major crypto-exchange relist XRP. Why? Well, because most of the exchanges that delisted or suspended XRP trading are still awaiting the regulatory clarity they sought back in December and January. The SEC’s clarification and its varied interpretations don’t change any of that. As far as they are concerned, only a final ruling will do, not the “small victories” of the past few months.

What about the likes of Phemex and Lykke relisting XRP? They are important developments, sure, but hardly consequential. XRP’s delisting spree was mostly centered around crypto-exchanges based in the United States. Ergo, the fact that two exchanges outside the U.S have relisted the cryptocurrency is unlikely to send a ripple across the market.

In fact, it can be argued that unsubstantiated rumors of Coinbase relisting XRP had a greater impact on XRP’s price than the actual relisting by the aforementioned exchanges.

The Phemex news may have revitalized the #RelistXRP campaign, but it will lose steam quickly. For those behind the same, the final ruling in the lawsuit cannot come soon enough.


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Source: https://ambcrypto.com/another-win-for-relistxrp-campaign-what-do-these-developments-mean-for-xrp-though

Blockchain

Crypto.com Becomes Official Sponsor for IIHF Ice Hockey World Championship

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In the latest of a series of moves into the international sports sector, Crypto.com have announced their partnership with the IIHF Ice Hockey World Championship.

In a joint release with the sports body, the crypto trading platform revealed they have become the official cryptocurrency and NFT sponsor for the ice hockey tournament. This is a two-year deal, which will begin in Riga, Latvia with the 2021 World Championship.

It also covers the tournament for next year, which will be held in Finland. The release also stated that this is the first time a cryptocurrency platform has sponsored an international sports championship. The 2021 tournament is scheduled to begin on May 21.

According to Crypto.com’s post on Twitter, they will release a series of special NFTs to commemorate the tournament. Their release indicates this NFT collection will only be available on the Crypto.com platform. The series will feature some of the greatest moments from across the International Ice Hockey Federation (IIHF) tournament’s 90-year history. 

Their collaboration with the IIHF marks the fourth sporting sponsorship deal Crypto.com has entered into this year. The third to include a series of NFTs, and their second hockey-related partnership.

This announcement comes only a week after the reports that the platform will also sponsor an Italian football league final. The match, between Atalanta and Juventus, will take place on May 19.

Crypto.com’s sporting interests began in March with another pair of partnerships made in quick succession. The first was their collaboration with the Aston Martin Cognizant Formula One team. A series of NFTs were released to commemorate their return to F1 after a 60 year absence.

The crypto platform followed this up two weeks later with their first move into hockey. Namely, a sponsorship deal with The Montreal Canadiens, an NHL team.

Gaining credibility in Europe

The Hong Kong-based crypto trading platform achieved another first this week. Specifically, it became the first platform of its kind to gain a Class 3 Virtual Financial Assets (VFA) License from the financial authority in Malta.

The certification from the Malta Financial Services Authority (MFSA) allows Crypto.com to execute orders on a trader’s behalf and act in the role of dealer. The license also ensures security for the app’s users, under Malta’s definitive regulatory framework for virtual assets.

A company blog post also revealed the MFSA is still processing its final approval to grant the crypto platform a Financial Institution License. They agreed the application in principle in November 2020. If finally approved, the license will allow Crypto.com to issue electronic monies and offer payment services.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Share Article

Dale Hurst is a journalist, presenter, and novelist. Before joining the Be In Crypto team, he was an editor and senior journalist at a news, lifestyle and human-interest magazine in the UK.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/crypto-com-becomes-official-sponsor-for-iihf-ice-hockey-world-championship/

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Blockchain

Crypto.com Becomes Official Sponsor for IIHF Ice Hockey World Championship

Avatar

Published

on

In the latest of a series of moves into the international sports sector, Crypto.com have announced their partnership with the IIHF Ice Hockey World Championship.

In a joint release with the sports body, the crypto trading platform revealed they have become the official cryptocurrency and NFT sponsor for the ice hockey tournament. This is a two-year deal, which will begin in Riga, Latvia with the 2021 World Championship.

It also covers the tournament for next year, which will be held in Finland. The release also stated that this is the first time a cryptocurrency platform has sponsored an international sports championship. The 2021 tournament is scheduled to begin on May 21.

According to Crypto.com’s post on Twitter, they will release a series of special NFTs to commemorate the tournament. Their release indicates this NFT collection will only be available on the Crypto.com platform. The series will feature some of the greatest moments from across the International Ice Hockey Federation (IIHF) tournament’s 90-year history. 

Their collaboration with the IIHF marks the fourth sporting sponsorship deal Crypto.com has entered into this year. The third to include a series of NFTs, and their second hockey-related partnership.

This announcement comes only a week after the reports that the platform will also sponsor an Italian football league final. The match, between Atalanta and Juventus, will take place on May 19.

Crypto.com’s sporting interests began in March with another pair of partnerships made in quick succession. The first was their collaboration with the Aston Martin Cognizant Formula One team. A series of NFTs were released to commemorate their return to F1 after a 60 year absence.

The crypto platform followed this up two weeks later with their first move into hockey. Namely, a sponsorship deal with The Montreal Canadiens, an NHL team.

Gaining credibility in Europe

The Hong Kong-based crypto trading platform achieved another first this week. Specifically, it became the first platform of its kind to gain a Class 3 Virtual Financial Assets (VFA) License from the financial authority in Malta.

The certification from the Malta Financial Services Authority (MFSA) allows Crypto.com to execute orders on a trader’s behalf and act in the role of dealer. The license also ensures security for the app’s users, under Malta’s definitive regulatory framework for virtual assets.

A company blog post also revealed the MFSA is still processing its final approval to grant the crypto platform a Financial Institution License. They agreed the application in principle in November 2020. If finally approved, the license will allow Crypto.com to issue electronic monies and offer payment services.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Share Article

Dale Hurst is a journalist, presenter, and novelist. Before joining the Be In Crypto team, he was an editor and senior journalist at a news, lifestyle and human-interest magazine in the UK.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/crypto-com-becomes-official-sponsor-for-iihf-ice-hockey-world-championship/

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Blockchain

Crypto.com Becomes Official Sponsor for IIHF Ice Hockey World Championship

Avatar

Published

on

In the latest of a series of moves into the international sports sector, Crypto.com have announced their partnership with the IIHF Ice Hockey World Championship.

In a joint release with the sports body, the crypto trading platform revealed they have become the official cryptocurrency and NFT sponsor for the ice hockey tournament. This is a two-year deal, which will begin in Riga, Latvia with the 2021 World Championship.

It also covers the tournament for next year, which will be held in Finland. The release also stated that this is the first time a cryptocurrency platform has sponsored an international sports championship. The 2021 tournament is scheduled to begin on May 21.

According to Crypto.com’s post on Twitter, they will release a series of special NFTs to commemorate the tournament. Their release indicates this NFT collection will only be available on the Crypto.com platform. The series will feature some of the greatest moments from across the International Ice Hockey Federation (IIHF) tournament’s 90-year history. 

Their collaboration with the IIHF marks the fourth sporting sponsorship deal Crypto.com has entered into this year. The third to include a series of NFTs, and their second hockey-related partnership.

This announcement comes only a week after the reports that the platform will also sponsor an Italian football league final. The match, between Atalanta and Juventus, will take place on May 19.

Crypto.com’s sporting interests began in March with another pair of partnerships made in quick succession. The first was their collaboration with the Aston Martin Cognizant Formula One team. A series of NFTs were released to commemorate their return to F1 after a 60 year absence.

The crypto platform followed this up two weeks later with their first move into hockey. Namely, a sponsorship deal with The Montreal Canadiens, an NHL team.

Gaining credibility in Europe

The Hong Kong-based crypto trading platform achieved another first this week. Specifically, it became the first platform of its kind to gain a Class 3 Virtual Financial Assets (VFA) License from the financial authority in Malta.

The certification from the Malta Financial Services Authority (MFSA) allows Crypto.com to execute orders on a trader’s behalf and act in the role of dealer. The license also ensures security for the app’s users, under Malta’s definitive regulatory framework for virtual assets.

A company blog post also revealed the MFSA is still processing its final approval to grant the crypto platform a Financial Institution License. They agreed the application in principle in November 2020. If finally approved, the license will allow Crypto.com to issue electronic monies and offer payment services.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Share Article

Dale Hurst is a journalist, presenter, and novelist. Before joining the Be In Crypto team, he was an editor and senior journalist at a news, lifestyle and human-interest magazine in the UK.

Follow Author

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/crypto-com-becomes-official-sponsor-for-iihf-ice-hockey-world-championship/

Continue Reading

Blockchain

Crypto.com Becomes Official Sponsor for IIHF Ice Hockey World Championship

Avatar

Published

on

In the latest of a series of moves into the international sports sector, Crypto.com have announced their partnership with the IIHF Ice Hockey World Championship.

In a joint release with the sports body, the crypto trading platform revealed they have become the official cryptocurrency and NFT sponsor for the ice hockey tournament. This is a two-year deal, which will begin in Riga, Latvia with the 2021 World Championship.

It also covers the tournament for next year, which will be held in Finland. The release also stated that this is the first time a cryptocurrency platform has sponsored an international sports championship. The 2021 tournament is scheduled to begin on May 21.

According to Crypto.com’s post on Twitter, they will release a series of special NFTs to commemorate the tournament. Their release indicates this NFT collection will only be available on the Crypto.com platform. The series will feature some of the greatest moments from across the International Ice Hockey Federation (IIHF) tournament’s 90-year history. 

Their collaboration with the IIHF marks the fourth sporting sponsorship deal Crypto.com has entered into this year. The third to include a series of NFTs, and their second hockey-related partnership.

This announcement comes only a week after the reports that the platform will also sponsor an Italian football league final. The match, between Atalanta and Juventus, will take place on May 19.

Crypto.com’s sporting interests began in March with another pair of partnerships made in quick succession. The first was their collaboration with the Aston Martin Cognizant Formula One team. A series of NFTs were released to commemorate their return to F1 after a 60 year absence.

The crypto platform followed this up two weeks later with their first move into hockey. Namely, a sponsorship deal with The Montreal Canadiens, an NHL team.

Gaining credibility in Europe

The Hong Kong-based crypto trading platform achieved another first this week. Specifically, it became the first platform of its kind to gain a Class 3 Virtual Financial Assets (VFA) License from the financial authority in Malta.

The certification from the Malta Financial Services Authority (MFSA) allows Crypto.com to execute orders on a trader’s behalf and act in the role of dealer. The license also ensures security for the app’s users, under Malta’s definitive regulatory framework for virtual assets.

A company blog post also revealed the MFSA is still processing its final approval to grant the crypto platform a Financial Institution License. They agreed the application in principle in November 2020. If finally approved, the license will allow Crypto.com to issue electronic monies and offer payment services.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Share Article

Dale Hurst is a journalist, presenter, and novelist. Before joining the Be In Crypto team, he was an editor and senior journalist at a news, lifestyle and human-interest magazine in the UK.

Follow Author

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/crypto-com-becomes-official-sponsor-for-iihf-ice-hockey-world-championship/

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