PSA: Few Days Remain For XRP Holders To Claim Spark Tokens, Here’s How
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 […]
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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 […]
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 […]
If the vote passes, the claim will move to a validity committee to approve a possible payout of $340,000. In what might be an important step towards the maturation of the decentralized insurance space, a claim was filed yesterday with DeFi insurance protocol Cover following the $19 million Dai hack of Pickle Finance — and so far, the majority of users want to see a payout happen.According to the claim on Cover’s website filed Nov. 21, there have been 99 votes at the time of publication throwing roughly 9,800 COVER tokens — more than 99% of respondent tokens — behind a "yes" vote to pay out....
As a violent credit unwinding seems inevitable, on-chain data suggests bitcoin holders remain convicted.
Decentralized payment network Stellar has announced the final round of its Bitcoin-Lumen Program, where Bitcoin holders can claim its lumen token for free. The program, which began in April 2016, features 19 percent of the total lumen supply, which developers reserved at launch exclusively for Bitcoin users. Of the 19 bln lumens on offer, only 3 bln formed the first round of the giveaway, with release details of the remaining 16 bln to be officially announced on March 28. The value of the remaining tokens is approximately $16 mln. “Bitcoin acted as a profound inspiration for Stellar, which....