Coinbase to Support Spark Token Airdrop to XRP Holders

The highly anticipated Spark token snapshot takes place on December 12, at 0:00 GMT. Ripple XRP holders eagerly await this date, but Head of Tax Strategy at CoinTracker, Shehan Chandrasekera, warns that airdrops are a taxable event. As such, individuals who register for and receive Spark tokens must include this as ordinary income when filing […]

XRP has been on a rollercoaster ride throughout the past few weeks. The cryptocurrency saw immense volatility that began when news began spreading regarding the recent Spark token airdrop to holders. This allowed the cryptocurrency to break its multi-year trading range between $0.20 and $0.30 and rocket to highs of $0.90 on Coinbase and other […]

XRP has a major bullish breakout recently, resulting in an over 200% rally. And while bullish technicals had been building, it was the Flare airdrop and promise of free Spark tokens that helped propel Ripple to current levels. The Flare airdrop “snapshot” of the XRP ledger takes place at the end of this week, leaving […]

During the course of the week digital currency markets have seen colossal gains and one crypto asset, in particular, XRP, has jumped significantly in value over the last seven days. The distributed ledger token XRP climbed 25% upwards on Tuesday alone, and seven-day price stats show the coin has gained 123% as well. At the time of publication, XRP is currently swapping for $0.677 per coin as it gained more than 25% during the early morning (ET) trading sessions on Tuesday. The coin holds the third-largest market valuation today with a current liquid market cap at around $22.55 billion. The....

Because investors had been scrambling to buy XRP in order to lay claim to a corresponding amount of Spark tokens, the altcoin had its most significant bullish breakout in years. Ripple network activity post-Flare airdrop suggests that the asset has fundamentally lost its spark, but technicals might on the flipside suggest that the spark was […]