Tag: flare networks

Jun 20 2021

Flare Networks Publishes Final Details of the Spark Token Distribution

Flare Networks has released the final details of the Spark Token (FLR) distribution 100 Billion Spark Tokens (FLR) will be minted when the network is launched 45 Billion of the Spark Tokens (FLR) will be distributed to individual XRP holders who participated in last year's snapshot Ripple, Jed McCaleb and non-participating exchanges are excluded from the distribution There is also a whale cap...

Jun 19 2021

Flare Networks Scraps Plan to Modify Spark Token (FLR) Distribution

The team at Flare Networks had drafted 3 proposals to modify the distribution of Spark Tokens (FLR) The proposals were meant to cater to XRP holders who live in jurisdictions that tax airdrops However, the CEO of Flare Networks has scrapped all plans to modify Spark Token distribution The original plan has been retained by the team at Flare Networks Those who want...

Apr 17 2021

FLR Distribution to XRP Holders Expected by June – Flare Networks

Flare Networks (FLR) distribution to XRP holders is expected by end of June The launch date could be skewed by +/- 2 to 4 weeks The Flare Networks snapshot back in December was one reason XRP flourished before the SEC lawsuit XRP has since regained its momentum, brushing off the FUD surrounding the case The distribution of Flare Networks (FLR) tokens to XRP...

Jan 31 2021

XRP Interest on Social Media at its Highest Since September 2018

Quick take: Social media interest in XRP is at its highest since September 2018 XRP new account activations are also at levels last seen during the Flare Networks airdrop XRP has set a local high of $0.52 and looks set to keep climbing The bullishness exhibited by XRP is a result of the WallStreetBets crypto community buying the coin Social media interest related...

Jan 10 2021

Litecoin to Soon Have Smart Contracts via Flare Network Integration

Quick take: Flare Networks will be integrating Litecoin ahead of their Q2 launch Litecoin users will be able to use Ethereum style smart contracts Litecoin holders qualify for a 5 Billion Spark Token (FLR) airdrop Details of the airdrop will be provided later with the tokens being sourced from the Flare Team's allocation The Litecoin (LTC) network will soon have smart contracts thanks...

Dec 17 2020

XRP Could ‘Explode Higher’ if Crypto Market Marches Higher – Analyst

Quick take: XRP is experiencing double-digit gains in the last 24 hours The remittance coin bounced confidently from the $0.45 support zone XRP has reclaimed multiple support zones including $0.55 According to MagicPoopCannon, XRP could explode higher if the market continues to march higher as a whole A quick glance at Coinmarketcap.com reveals that the remittance coin of XRP is ahead of Bitcoin,...

Dec 15 2020

XRP’s $0.45 is the Support Level to Watch Moving Forward – Analyst

Quick take: XRP has continued to lose value even with the success of the Flare Networks snapshot XRP's $0.50 and $0.48 support zones have been lost According to MagicPoopCannon, $0.45 is the level to watch since it is the 0.618 retrace of the recent surge to $0.80 $0.45 is also roughly around the 16 retracement of XRP's 2015 bear cycle There is also...

Dec 12 2020

XRP Whales Holding 10M or More Coins Increase by 10% in 3 Weeks

In summary: The number of XRP whales holding 10 million or more coins saw a 10% increment in 3 weeks 31 new whales joined this category of investors bringing the total to 339 The accumulation was due to the Flare Networks snapshot The snapshot was successfully carried out earlier today with the event marked on the ledger XRP is still trading above the...

Dec 11 2020

XRP’s Continual Negative Funding Rate Could Result in a Short Squeeze

Quick take: XRP's funding rate for its perpetual contracts is of a negative value on major crypto exchanges It is as low as -0.5% on Binance The Flare Networks snapshot is 12 hours away at 00:00 UTC, December 12th The negative funding rate could result in a short squeeze that could send the price of XRP soaring However, XRP is in the midst...

Dec 10 2020

Copper appointed custodian for Flare Networks and Spark (FLR) token distribution

Dec 10 2020 Published at CryptoNinjas under tags  copper flare networks industry deal

Copper.co, the London-based blockchain asset infrastructure provider, today announced it will serve as an official custodian for Flare Networks. Flare is building the world’s first Turing-complete Federated Byzantine Agreement-based smart contract network. Its native asset, the Spark (FLR) token, will be distributed to XRP holders over a 36-month period, based...

426M additional XRP was Accumulated for the Flare Networks Snapshot

Quick take: Approximately 426.65 Million XRP was accumulated in preparation for the Flare Networks snapshot 43,146 new XRP accounts were also created in preparation for the Flare Networks snapshot A total of 94,048 XRP accounts are reportedly ready to claim Spark Tokens XRP's bullish momentum is being pulled down by a correcting...

Dec 09 2020

XRP Could Lose its $0.50 Support Ahead of the Flare Networks Snapshot

Quick take: XRP has lost the $0.58 - $0.60 support area This is as a result of the general bearish crypto environment with Bitcoin dropping by over $1k XRP risks losing the $0.50 support area ahead of the Flare Networks snapshot If $0.50 is lost, XRP could be on a path towards $0.38 where the 50-day MA is The remittance coin of XRP...

Dec 06 2020

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

Quick take: 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...

XRP Ledger Daily New Account Activations Drop by 83.5% in 2 weeks

Quick take: XRP Ledger's daily new account activations hit a 2 year high of 8,068 on November 24th November 24th was also when XRP hit a local peak value of $0.80 The increased account activation is due to the Flare Networks snapshot on the 12th The number of daily new account activation has since dropped to 1,326 This is an 83.5% drop since...

Dec 04 2020

Binance US to Support XRP’s Flare Networks Snapshot and Distribution

Quick take: Binance.US has officially announced its support for the Flare Networks snapshot This leaves Coinbase as the only major exchange yet to confirm support for the event Huobi, OKEx and Bitfinex have also announced their support A Consortium of 12 Japanese crypto exchanges has also announced their support for the snapshot. However, the distribution of Spark Tokens will require FCA and JCVEA...

Dec 02 2020

XRP’s Symmetrical Triangle Hints of a Breakout Past $0.80

Quick take: XRP has formed a symmetrical triangle on the 6-hour chart A resolution of this triangle could result in XRP retesting the $0.72 to $0.80 level XRP could break past $0.80 if there is enough momentum However, XRP might only have till December 12th to remain in bullish territory, at least in the short-term High probability of a selling frenzy once the...

Dec 01 2020

How to Prep. Your XRP for the Flare Networks Spark Token (FLR) Airdrop

Quick take: The Flare Networks snapshot will be on December 12th, 00:00 UTC The easiest way to participate is to have your XRP in an exchange that supports the event Secondly, you can have your XRP in a wallet that supports the snapshot You can also participate by manually going through the process using an Ethereum wallet The distribution of Spark Tokens (FLR)...

Nov 28 2020

XRP’s Google Search Interest Spikes to December 2017 Levels

Quick take: XRP's Google search interest is back to early December 2017 levels Interest in the remittance coin has been primarily due to the Flare Networks snapshot The snapshot will occur on the 12th of December and will be supported by several major exchanges FOMO could kick in leading up to the snapshot causing XRP to push above the recent high of $0.78...

Nov 26 2020

XRP’s $0.50 Support Holds Amidst Crypto Market Selloff

Nov 26 2020 Published at Ethereum World News under tags  flare networks ripple xrp xrp news

Quick take: XRP has experienced a correction due to a weakening Bitcoin The remittance coin has also enjoyed a parabolic run that was due for a pullback There are also rumors of the US treasury banning self custody of digital assets XRP's $0.50 support has held and is crucial in determining its next trajectory The digital asset of XRP has lost a good...

Poloniex, KuCoin to Support XRP’s Flare Networks Snapshot and Airdrop

Quick take: The crypto exchanges of Poloniex and KuCoin have announced their support for the Flare Networks snapshot and airdrop KuCoin and Poloniex join Binance in supporting the event Coinbase is yet to provide any information regarding its support of the snapshot and subsequent airdrop The two crypto exchanges of Poloniex and KuCoin have announced their support for the Flare Networks snapshot on...

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