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CoinShares announces launch of XRP ETP

Following the press release, Coinshares Announcement, Europe’s largest digital asset investment company, launched a new exchange-traded product (ETP) called “Coinshares Physical XRP”. The commodity will be listed under the exchange code XRPL of the regulated Swiss Exchange SIX.

This will be the fourth new product launched by Coinshares this year. The company provided Bitcoin, Ethereum and Litecoin products.

XRPL was built using Coinshares Physical’s institutional ETP platform, Coinshares Physical, and each XRPL unit will be backed by 40 XRP at launch. ETP aims to provide XRP income risk to investors.

Coinshares Chief Revenue, Frank Spiteri Say,

“The digital asset ecosystem is huge and still growing at an alarming rate. As we continue to diversify the product line in 2021, we are focusing on providing investment risk to these assets and networks that resonate most with our European customer base.”

In the ongoing SEC litigation, several exchanges stopped trading and investing in XRP before launching the product. In fact, although cryptocurrencies have rallied since then, altcoins appeared on the chart in free fall when the case first came to light in December.

As the market is in an uptrend overall, investment products will continue to grow as investors hope to diversify their investment portfolios using different asset classes, taking into account liquidity factors. According to Token Sharing, the total amount of digital assets exceeds the market cap of $2T. Coinshares specifically touched the $5 billion mark.

However, Coinshares’ biggest product is still Bitcoin ETP, followed by Ethereum ETP, which was launched in January and early February respectively. The company also continues emission Litecoin ETP launched on April 6, 2021.

Last August, Coinshares’ crypto ETP broke the $1 Billion AUM mark. A good crypto market and growing investor appetite have fueled the aforementioned growth. Coinshares reached $5 billion in cross ETP platform AUM in eight months.

This release also shows how eager ETP issuers are to meet the needs of investors in the European market. In fact, according to the report, the London ETC team will also list the actual Litecoin ETP on Deutsche Börse’s XETRA market on April 14, 2021.

But the entire Atlantic Ocean is another matter.

Although the European market is relatively small, it has made impressive progress in encrypting EPT and set benchmarks in a recent statement. Deutsche Borse analysts stated that Bitcoin is performing well and will become one of the most traded products in the ETP space in 2020.

The global market reacts differently to these digital products. Swiss regulator FINMA allows all encrypted EPTs to be listed, while the UK’s FCA banned the sale of Encrypted ETN. However, Coinshares claims that due to this development, retail investors will try to buy and sell such products on unregulated exchanges and will face greater risks in the process.

How Big Brands Are Getting into Cryptocurrency

How Starbucks, Overstock, and other brands are embracing cryptocurrency as part of a smart forward-thinking business strategy.

When the Long Island Iced Tea Corp, in Hicksville, N.Y., first announced it was changing its name to Long Blockchain Corp., its stock went crazy, skyrocketing as much as 500 percent in premarket trading.Now while blockchain and cryptocurrency aren’t one and the same, there’s still quite a bit of buzz about anything that is associated with either. And big brands, always eager for some marketing mileage, are aligning themselves with the sector, both for the cool factor and because, well, crypto is the future and you should keep Crypto Taxes and Accounting in mind whether you are a hodler or a trader.Here are several brands and industries that are capitalizing on the cryptocurrency frenzy.Overstock.com:The online retailer made headlines as the first major retailer to accept Bitcoin beginning in January 2014. It stays loyal to the sector, even expanding since then to accept a wide variety of other cryptocurrencies.Starbucks and Microsoft: These two Seattle companies have joined with Intercontinental Exchange and BCG to launch a company called Bakkt that will allow consumers and institutions to buy, sell, store and spend cryptocurrencies on the global network, which will convert the cryptocoins into U.S. dollars for purchases at the coffee giant.Kodak: Eager to stay relevant in the digital age, Kodak and WENN Digital have launched KODAKOne image rights management platform and KODAKCoin that will work together in a new effort to help photographers manage their image rights. The platform will use blockchain technology to create an encrypted, digital ledger of rights ownership where photographers can register new and archival work that they can then license within the platform. Then they can receive payment for licensing their work with KODAKCoin, allowing both professional and amateur photographers to “sell their work confidently on a secure blockchain platform,” Kodak said.Quick serve restaurants: Many brands have tipped their toe in the cryptocurrency current, although most big brands haven’t waded all the way in. Some efforts have been made though; Subway made waves when one of its franchisees in Altoona, Pennsylvania, begin accepting bitcoin. In January 2018, KFC Canada lured in hungry crypto holders with a Bitcoin Bucket.But while most QSR restaurants aren’t diving in completely, there are many local pizza places that are going strong, which makes sense consider that the first bitcoin transaction was famously for two pizzas. Find a parlor near you at PizzaforCoins.com.The Dallas Mavericks: After becoming one of the first sports franchises with plans to accept cryptocurrency for tickets and merchandise, the basketball team showed it has crypto game with an even more exciting initiative, a three-year deal with Lympo, a Lithuanian fitness company that utilizes blockchain to connect users with a host of health-related services, such as trainers, gyms, health insurers and fitness applications. Lympo will have naming rights to the training facilities and a patch on the team’s practice jerseys; the goal is to use Lympo cryptocurrency tokens in Mavericks blockchain initiatives. The team’s game jerseys also have crypto representation with 5Miles as the Maverick’s jersey patch sponsor. This Craigslist-esque marketplace, based in Dallas, sells goods and services and allows buyers to pay with CyberMiles Tokens, a blockchain platform.

Wikipedia: It seems logical that this popular online encyclopedia “of the people” would accept the currency of the people in donations. As the company said in a statement on its website, “It has always been important to the Foundation to make sure donating is as simple and inclusive as possible…Members of our community have asked the Foundation to start accepting bitcoin. These requests, coupled with recent guidance from the US Internal Revenue Service, encouraged the Foundation to once again review our capacity to accept bitcoin.” As one commenter said, “I’ve never donated to wiki before, but I will now in btc.”REEDS Jewelers: This fine jewelry store, which has nearly 70 stores across the south and northeast, is one of the first stand-alone jewelry stores that allows you to trade bitcoin for baubles.Online service providers: Of course, online is definitely the playground of crypto. A wide variety of sites accept it; you can book travel with crypto on Expedia, pay for your dating service membership on OKCupid, and buy items in games via mobile app/gaming site Zynga.More collabs are undoubtedly on the way. “Scalability and UX [user experience] are two key factors teams around the world are working on,” says Aaron Bush, an analyst who follows cryptocurrency trends for the Motley Fool, in an interview with QSR Magazine. While he says that crypto’s “killer app” likely isn’t restaurant payments – at least yet – he says that “as projects like bitcoin improve speed and fees, the potential for this use case should gain appeal in certain circles.”And surely as the band wagon gets rolling, brands both big and small are bound to jump on.As Crypto Market is already grown so you also have to care about Cryptocurrency taxes there are many Crypto tax service available in market like us ZenLedger.Wondering where else cryptocurrency is accepted? Check out Bitcoinrestaurants.com and Coinmap.com, as well as CoinATMRadar.com, which tracks crypto ATMs.

What is Ethereum?

Ethereum is an open-source public platform that features scipting and smart contract functionality. It was proposed in 2013 by Vitalik Buterin. The blockchain-based operating system and distributed computing platform primarily support a modified version of the Nakamoto consensus through various transaction-based state transitions. Ethereum aims at becoming a decentralized app store and a decentralized internet.

Ethereum was initially described extensively in a white paper with the aim of building reliable decentralized applications. During its debut operations, Ethereum had around 11.9 million ‘pre-mined’ coins meant for the crowdsale that funded its development. During inception, the platform could not transact with other cryptocurrency platforms. Nonetheless, the invention of Htmlcoin enabled Ethereum blockchain to ‘communicate’ efficiently with other cryptos including bitcoin.

When The DAO project collapsed in 2016, the Ethereum platform was split to create two distinct blockchains. The new version was named Ethereum (ETH) while the original platform was renamed Ethereum Classic (ETC). This splitting required a new strategy to enhance reliability, sustainability, and security of the two platforms. Thus, the Htmlcoin blockchain got introduced for this purpose.

Ethereum Origin

Ethereum digital currency platform was among the best performers in 2017 growing by over 13,000 percent. Inspiration to create Ethereum came from bitcoin’s need to have a scripting language to support application development. An online public crowdsale funded the development of the platform with the participants purchasing ether which is Ethereum value token using bitcoin.

Although it was a great invention, concerns were raised about its scalability and security. Unlike other digital currencies that had to wait before their scalability was enhanced, Ethereum did not take long since Htmlcoin blockchain had already been invented. It is a well-developed secure blockchain based majorly on Bitcoin Core that amalgamates Ethereum based smart contracts.

The Htmlcoin implements an expandable design that has capabilities of incorporating more virtual machines than all the other blockchain platforms. In early 2017, many research groups, blockchain start-ups, and Fortune 500 companies launched the Enterprise Ethereum Alliance. This alliance gained over 150 members in less than four months, and they created codenamed prototypes as a segment of their Proof-of-Concept series.

The strength of the Ethereum blockchain was tested using a bug bounty of 25,000 Ethers. The ‘Frontier’ network released a tentative Ethereum platform in July 2015. After incorporating the Htmlcoin technology in their ‘Homestead’ version of the blockchain, gas pricing, security, and transaction processing features got enhanced significantly. The platform has undergone many planned protocol upgrades since inception.

The upgrades affect the underlying incentive structures and functionality of Ethereum. The Htmlcoin platform is enabled through an Account Abstraction Layer that allows an account-based virtual machine to function efficiently to produce desired results on an Ethereum UTXO-based blockchain.

The upgrades on the Ethereum platform are aimed at reducing the complexity of operations providing more flexibility for the users and smart contract developers. Moreover, the enhancements, some of which are assisted by the incorporation of the Htmlcoin blockchain technology, is set to enable a fundamental transition to virtual mining from hardware mining.

Through the incorporation of Htmlcoin blockchain technology, security and scalability of Ethereum are enhanced to avert any cases of double spending and hacking.

Ethereum Transactions

All types of Blockchain technology are designed to make online transactions quick, secure, and easy to use. In the case of Ethereum, the users can send ether coins and other digital coins to multiple recipients in a single transaction since most of the blockchain transactions can have multiple outputs. The Htmlcoin uses aspects of both Ethereum and Bitcoin making it easy to use and accessible to all the digital currencies.

The result of incorporating the HTML blockchain in cryptocurrency transactions is an open source community that enables Ethereum to ‘communicate’ with Bitcoin. This technology utilizes decentralized mobile applications running on the UTXO model of blockchain infrastructure. Nonetheless, it has unique modifications that focus primarily on the practical applications of the smart contracts.

The Htmlcoin uses the UXTO model enhances reliability and security of the transactions since all tokens can get traced. The Ethereum technology has a goal of using HTML blockchain to replace almost all the existing internet third parties. It aims at using the Htmlcoin technology to replace the systems that keep track of sophisticated financial instruments, transfer mortgages and store data.

Smart Contracts

These contacts are fully based on different computer languages that are open to developers who can then use them to program their unique functionalities. These high-level programming abstractions get compiled to Ethereum Virtual Machine bytecode which is relayed to the central blockchain for execution. The incorporation of Htmlcoin blockchain codes enhances the consistency of these executions into the smart contracts.

The Htmlcoin blockchain also enables the quick fixing of bugs and security holes that arise in smart contracts on a public blockchain network. Ethereum aims at becoming a ‘World Computer’ that decentralizes the existing client-server model.