• About
  • FAQ
  • Landing Page
  • Buy JNews
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Crypto News
No Result
View All Result

Coinbase: XRP’s Spark Token Distribution Will Depend on Jurisdiction

by
December 6, 2020
in Uncategorized
0
Coinbase: XRP’s Spark Token Distribution Will Depend on Jurisdiction
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Coinbase: XRP's Spark Token Distribution Will Depend on Jurisdiction 2

Quick take:

Related articles

Over $9.3 Billion Tether (USDT) has Been Issued on Tron (TRX)

Over $9.3 Billion Tether (USDT) has Been Issued on Tron (TRX)

January 22, 2021
SushiSwap Whales Holding 100k+ SUSHI Increase By Over 74% in 2 Weeks

SushiSwap Whales Holding 100k+ SUSHI Increase By Over 74% in 2 Weeks

January 22, 2021
  • Coinbase has finally confirmed its participation in the Flare Networks snapshot on the 12th
  • However, the distribution of Spark Tokens (FLR) is dependent on laws governing each jurisdiction
  • XRP briefly pumped to $0.63 due to the Coinbase announcement before falling back below $0.60

XRP investors who hold their coins on the U.S crypto exchange of Coinbase can now breathe a sigh of relief. Earlier today, the team at Coinbase announced that the exchange will support the Flare Networks snapshot on the 12th of December.

Funds on Coinbase Pro will also be eligible for the snapshot. Deposits and withdrawals on both Coinbase platforms will be disabled before the snapshot and enabled immediately after. The team at Coinbase also announced that they will provide additional information regarding the event in the coming days.

Spark Token Distribution Depends on the Laws of Each Jurisdiction

With respect to the eventual distribution of Spark Tokens (FLR) next year, the team at Coinbase explained that it will depend on the individual laws governing each jurisdiction. Therefore, the exchange does not guarantee that each participant of the snapshot will receive their Spark Tokens (FLR).

Our decision to support any asset requires significant technical and compliance review and may be subject to regulatory approval in some jurisdictions. We therefore cannot guarantee when or if Spark will be available for distribution in any specific jurisdiction at this time. We will add support jurisdiction-by-jurisdiction, subject to applicable review and authorizations.

Connecting the dots, the delay by Coinbase to announce its stance on the Flare Networks snapshot was most likely caused by the aforementioned jurisdictional issues regarding airdrops.

XRP Pumps to $0.63 Only To Drop Below $0.60

The news of Coinbase supporting the Flare Networks snapshot had a positive effect on XRP. The remittance coin managed to pump briefly to the $0.63 price level before falling back below $0.60.

At the time of writing, XRP is trading at $0.58. The remittance coin could be in the midst of a pullback that could see the digital asset drop to the $0.50 support zone or even $0.30.

The weekly close is a few hours away and XRP holding its own above $0.50 will be crucial in determining whether its bullish momentum is maintained into next week.

Share76Tweet47

Related Posts

Over $9.3 Billion Tether (USDT) has Been Issued on Tron (TRX)

Over $9.3 Billion Tether (USDT) has Been Issued on Tron (TRX)

by
January 22, 2021
0

Quick take: $9.395 Billion in Tether (USDT) has been issued on the Tron (TRX) blockchain Justin Sun celebrated the milestone,...

SushiSwap Whales Holding 100k+ SUSHI Increase By Over 74% in 2 Weeks

SushiSwap Whales Holding 100k+ SUSHI Increase By Over 74% in 2 Weeks

by
January 22, 2021
0

Quick take: SushiSwap whales holding over 100k SUSHI have increased by over 74% in 2 weeks SUSHI’s value has more...

Hive Blockchain Buys 6,400 Bitcoin Miners From Canaan, Capacity Reaches 1,229 PH/s

Hive Blockchain Buys 6,400 Bitcoin Miners From Canaan, Capacity Reaches 1,229 PH/s

by
January 22, 2021
0

Canadian bitcoin miner Hive Blockchain has bought 6,400 next generation mining machines from Canaan. The Avalonminer 1246 miners will add...

Charted: Polkadot (DOT) Holding Gains Despite Sharp Drop in BTC and ETH

Charted: Polkadot (DOT) Holding Gains Despite Sharp Drop in BTC and ETH

by
January 22, 2021
0

Polkadot’s DOT surged towards $18.50 before correcting lower against the US Dollar. It is holding gains above $15.00 despite a...

Chainlink, Uniswap, and Polkadot among the Altcoins that Have Held Up Well Despite Bitcoin’s Plunge

Chainlink, Uniswap, and Polkadot among the Altcoins that Have Held Up Well Despite Bitcoin’s Plunge

by
January 22, 2021
0

While Bitcoin has plunged by 15% on a seven-day period, dragging most of the cryptocurrency market along with it, some...

Load More
  • Trending
  • Comments
  • Latest
Privacy Coins Monero, Dash, and Zcash to be Delisted on Bittrex, Dash Unhappy with Decision

Privacy Coins Monero, Dash, and Zcash to be Delisted on Bittrex, Dash Unhappy with Decision

January 4, 2021
SushiSwap’s SUSHI Surges 20% Again After Ethereum Price Correction

SushiSwap’s SUSHI Surges 20% Again After Ethereum Price Correction

December 6, 2020

New Mining Centers Increase North American Market

December 6, 2020

Services Could Help Investors Rate Crypto Currencies

December 6, 2020
Over $9.3 Billion Tether (USDT) has Been Issued on Tron (TRX)

Over $9.3 Billion Tether (USDT) has Been Issued on Tron (TRX)

0

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

0
Over $9.3 Billion Tether (USDT) has Been Issued on Tron (TRX)

Over $9.3 Billion Tether (USDT) has Been Issued on Tron (TRX)

January 22, 2021
SushiSwap Whales Holding 100k+ SUSHI Increase By Over 74% in 2 Weeks

SushiSwap Whales Holding 100k+ SUSHI Increase By Over 74% in 2 Weeks

January 22, 2021
Hive Blockchain Buys 6,400 Bitcoin Miners From Canaan, Capacity Reaches 1,229 PH/s

Hive Blockchain Buys 6,400 Bitcoin Miners From Canaan, Capacity Reaches 1,229 PH/s

January 22, 2021
Charted: Polkadot (DOT) Holding Gains Despite Sharp Drop in BTC and ETH

Charted: Polkadot (DOT) Holding Gains Despite Sharp Drop in BTC and ETH

January 22, 2021
Crypto News

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Abra
  • Altcoin News
  • altcoins
  • Altseason
  • Binance
  • Binance (BNB) News
  • Binance Coin (BNB)
  • Binance Ecosystem
  • Binance Smart Chain
  • bitcoin
  • Bitcoin
  • Bitcoin (BTC) Adoption
  • Bitcoin (BTC) General News
  • Bitcoin (BTC) News
  • Bitcoin (BTC) Predictions
  • Bitcoin Cash (BCH)
  • Bitcoin Cash (BCH) General News
  • Bitcoin dominance
  • bitcoin network
  • Bitcoin price
  • Bitstamp
  • Bittrex
  • Blockchain
  • Blockchain News
  • bloomberg
  • Brad Garlinghouse
  • Business
  • Cameron Winklevoss
  • ChainLink
  • ChainLink (LINK)
  • Chainlink (LINK) News
  • Chainlink Price Prediction
  • Changpeng Zhao
  • charlie lee
  • CME Ethereum Futures
  • CME Group
  • coinbase
  • Coinmarketcap
  • cryptocurrency
  • Dash (DASH)
  • DeFi
  • DeFi Pulse
  • Deribit
  • Electric Coin Company
  • ETH 2.0
  • ETH2.0
  • Ethereum
  • Ethereum (ETH)
  • Ethereum (ETH) News
  • Ethereum 2.0
  • Ethereum Classic (ETC)
  • Ethereum Futures
  • Ethereum Network
  • ethereum price
  • Ethereum price analysis
  • Ethereum Staking
  • Ethereum Upgrade
  • Ethereum Upgrades
  • Flare Networks
  • Flare Networks Snapshot
  • Gemini
  • google
  • Grayscale
  • Grayscale Bitcoin Trust (GBTC)
  • Guide
  • Guides
  • Institutional Investors
  • justin sun
  • JustSwap
  • LINK Marines
  • Litecoin
  • Litecoin (LTC)
  • Litecoin (LTC) News
  • Litecoin Development
  • litecoin foundation
  • Litecoin MimbleWimble
  • Market
  • MicroStrategy
  • MimbleWimble
  • Mining
  • Monero (XMR)
  • News
  • NFT
  • NFTs
  • Non-Fungible Tokens
  • Other
  • Pantera Capital
  • Poloniex
  • Prices
  • Regulation
  • ripple
  • Ripple
  • Scams and Hacks
  • sec
  • Securities and Exchange Commission
  • Spark Token (FLR)
  • Spark Token Airdrop
  • Spark Tokens (FLR)
  • Tether (USDT)
  • Tron (TRX)
  • TRON (TRX) News
  • Tron Foundation
  • Twitter
  • Tyler Winklevoss
  • Wallets and Exchanges
  • XRP
  • XRP News
  • XRP Price Prediction
  • Yearn Finance (YFI)
  • Zcash (ZEC)
  • ZCash Halving
  • Zeus Capital
  • Zilliqa (ZIL)
  • Zilliqa (ZIL) News
  • Zilliqa Staking

Tags

Altcoin Bitcoin drops Bitcoin Wallet Cointelegraph Cryptocurrency ICO Investment Lending Market Stories Mining Bitcoin

Newsletter

[mc4wp_form]

  • About
  • FAQ
  • Support Forum
  • Landing Page
  • Buy JNews
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2018 JNews by Jegtheme.