A new Cardano (ADA) era may be coming with 100% potential correction

One of the most common things to happen with cryptocurrencies is the price correction, as over the time the price of a coin can vary in remarkable ways to the point of even reaching a value of thousands of times above or below the original price. In this sense, taking into consideration the general performance of the market over the last eight months, many cryptos have had corrections, and in some of the cases, those corrections have reached the highest value that at a certain point the crypto had.

That is precisely the case of Cardano (ADA), the ninth largest cryptocurrency of the crypto verse by market capitalization. At the time of writing Cardano (ADA) has a price of $0.08838, a trading volume of $70,272,522, and a 5.17% price decrease in just the last 24 hours.

And it’s worth to mention that compared to the value that the coin had at the beginning of the year back in January, the current value of the crypto is 95 percent below its original… A dramatic change, to say the least.

But what can we expect from Cardano in the following days? Would it be possible that it continues the fall? If so, what will be the future of the coin? Let’s see the main details behind this.

Cardano (ADA) price predictions

According to ADA/BTC charts, Cardano is actually at the end of its correction after a long period in which it was trading in a pitchfork, and also in a falling wedge.

In this sense, even RSI has been trading in a falling wedge, and apparently, it may take the breaking point anytime soon. Nonetheless, we should expect more corrections soon, and that could mean that Cardano (ADA) may even reach a 100 percent correction before the end of the third quarter, a moment in which a new era would start for the crypto.

On the other hand, in accordance to ADA/USD charts, it results evident that the token has fallen to the support line of the 0.08 dollars, support that earlier was tested by a weekly candle, but that shortly after bounced back resulting in the construction of a hammer formation. Nevertheless, the crypto didn’t manage to keep its strength, and the price just plunged again as the market did.

The price is actually forecasted to break at the end of September, but one of the most remarkable things is that despite the drastic falls that the ADA has experienced, this hasn’t been interfering with the position that the token occupies in the market. Funny ha?

Few final words

Cardano (ADA) has still a lot to give concerning developments and its purpose, so despite reaching a 100 percent correction, we can be sure that there’s a lot to come for the crypto in the coming months.

Let’s recall that Cardano was founded by the once co-founder of Ethereum (ETH), Charles Hoskinson, a businessman who basically decided to improve all of the things Ethereum has not to date.

In this sense, Cardano has proven to be better than Ethereum already regarding what the blockchain has actually to offer. So stay tuned exciting things might be coming.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

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Can IBM’s Stellar-powered BWW make Ripple scratch its head?

A few days ago the technology giant IBM announced to be preparing a project for cross-border payments dubbed ‘Blockchain World Wire (BWW).’ The solution aims to revolutionize the finance sector by introducing a seamless protocol capable of reducing costs and transactions speeds to nearly a real-time matter. Oh, wait. Where have we heard that before? That’s right. This sounds a lot like the blockchain-based solutions that Ripple introduced to us long ago, xRapid, and xCurrent.

To create the ambitious project, IBM has partnered with Stellar Lumens and has agreed to use its blockchain protocol ‘The Stellar protocol,’ the channel in which transactions are going to be enabled. In fact, the partnership between these two was known since the beginning of the year, but it wasn’t until now that the project has been announced.

In lights of the goals of the initiative, the Blockchain World Wire not only supposes a great competency to SWIFT, the global (and archaic) cross-border payment solution that is used right now; it also represents a considerable obstacle for Ripple’s solutions to continue their path towards mass adoption. Let’s check out how it goes.

How does the Blockchain World Wire work?

Blockchain World Wire will eliminate intermediary institutions that are normally required on transactions by introducing the groundbreaking figure of a stable coin. Let’s recall a stable coin is a virtual currency that is meant to have a stable value, or in other words, a value that doesn’t depend on the supply and demand of the market.

Regarding this, the website of the company published a message saying,

“Sending money across borders today requires a series of intermediaries for both clearing and settlement, each adding time and cost to the process.”

Like this, with the addition of a stable coin in the process, IBM will collaborate to clear and settle payments with finality, and that will happen in near real time.

The process that BWW will deploy can be divided into three steps. The first one being the agreement that the transacting entities will commit to by using a stable coin as a transactional bridge, this stable coin can be either a central bank digital currency or any of the virtual currencies of the crypto sector.

Like this, the digital asset utilized can make the transaction smoother and serves as an instruction that the involved financial institution can follow by using its own payment system integrating it to the BWW through the use of a group of APIs.

The second step would involve the correct plugging of the payment system of the financial institution to the Blockchain World Wire, and the exchange or conversion of the first fiat currency into a digital asset at bank A. Then, it would appear the step number three, which would be the transmission of the digital currency to another institution denominated bank B. In this stage, the digital currency will be simultaneously converted into the second fiat currency, and this would be the finalization of the process.

At the end of the transaction, the details of the operation are recorded onto an unchangeable blockchain, and like this, the transaction gets cleared. With relation to this, the Blockchain services head, Jesse Lund, stated:

“What we really want to do is enable all sorts of digital transactional networks to settle their transactions with digital fiat currency on the same blockchain networks.”

The project will be launched in the upcoming event SIBOS that will be held in Sydney in the coming month. It worths to mention that SWIFT is organizing SIBOS.

Conclusion

The Blockchain World Wire undoubtedly represents a massive competition for both SWIFT and Ripple’s solutions. It’s an innovative payment system that has it all to become the next mass adopted payment network, and to that, we need to add the enormous endorsement that represents IBM and the Stellar Network.

However, when it comes to recognition, Ripple has more time with its solutions being launched, and is currently adopted by several institutions such as Banco de Santander, Mastercard, American Express, Western Union, and others… While BWW is only just under development.

We all need to wait to see the final results, but surely Ripple needs to snap out of it and come out with a strategy if it doesn’t want to lose the battle. Stay tuned.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

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Can the XRP Price Drop to Zero?

The XRP price is seriously undervalued right now. With the current market turmoil brought about by a massive dump of Bitcoin (BTC) and all other digital assets in the crypto markets, our favorite remittance coin is now valued at $0.28 and looks headed to levels below 25 cents. For those who are savvy investors, this is a prime time to pick up some extra XRP. As the saying goes, buy when there are fear and capitulation.

So How Will XRP Price Drop to Zero?

From a financial analysis point of view, the digital asset has dropped by over 90% from its highs back in January. Doing the math, XRP has fallen from its peak levels of $3.82 to $0.28 in the last nine months.

The number of HODLers has surely reduced as their favorite digital asset has dropped by 93% in the same time period. This could be an indicator of a domino effect that could result in the total capitulation of all XRP positions as predicted by John Bollinger a few weeks back. The 25 cent support level could be what is standing between XRP and lower levels below 10 cents.

Secondlythe controversial report by the Satis Group stating that the XRP price will drop to $0.004 in the next ten years, has left many crypto enthusiasts thinking twice about investing in XRP.

The same report states that XRP is a digital asset that has been marketed in all the wrong ways and thus will lead to a natural decline in the markets. The report also states that the centralized nature of XRP could be a cause for the digital asset to drop in value.

Thirdly, despite proof positive evidence that XRP can be classified as being decentralized, the FUD still lingers that it is a security. The XRP community has even highlighted that the comments by SEC Director Hinman with respect to Ethereum included a disclaimer at the bottom which states that:

“The United States Securities and Exchange Commission (SEC), as a matter of policy, disclaims responsibility for any private publication or statement by any of its employees. The views expressed herein are those of the author and do not necessarily reflect the views of the Commission or of the author’s colleagues on the staff of the Commission.”

With this disclaimer, the SEC as an organization has clearly distanced itself from Director Hinman’s comments concerning Ethereum not being a security. The fact remains that the SEC is yet to regulate any digital asset. Therefore, the FUD around XRP is null and void, but the damage has already been done.

Fourthly, as the Ripple company continues to warm up to banks and financial institutions, XRP might be left out of the equation as banks are more inclined to use xCurrent. One can argue that xRapid will catapult XRP to the stratosphere once 100% functional, but this is yet to become a reality. Between now and then, XRP could be headed for more decline in the crypto markets.

In conclusion, the last 24 hours in the crypto markets have been rough and particularly for our favorite remittance coin of XRP. As it continues to drop, the tough question as to whether it will go any lower comes to mind. Stating it will fall to zero is not accurate, but a 97% decline in 9 months is mathematical evidence that it could become a reality.

Polite Note: This piece was not meant to offend any XRP HODLer. It should be taken in the context of a discussion, not facts.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Tron network gets a boost as crypto exchange ChangeHero lists TRX

ChangeHero is a crypto exchange that permits digital asset swap instantly. This exchange medium supports cryptocurrency to cryptocurrency trades on its platform. Just about 15 hours from now, the founder of Tron, Justin Sun, announced a good news to the Tron community through his official Twitter page that ChangeHero has listed Tron on its platform.

The tweet reads:

TRX is available now for USD at ChangeHero Instant Exchange, TRONICS can use the direct through ChangeHero.”

ChangeHero is one of the biggest and fastest growing crypto-exchanges in the world. The exchange supports more than a hundred crypto-coins, tokens, and assets. The platform also supports about nine languages and delivers smooth and speedy transactions with a great experience.

TRX listing on ChangeHero is a big boost for Tron’s network. The platform has now made TRX and USD trading available for all its customers.

Also, customers now have the opportunity to exchange TRX from ChangHero by making use of USD. ChangeHero offers a stable and secured TRX transfer on its platform, and it is one of few exchanges that have 5-star support on offer and best rates.

At the moment, TRX is matched against USD only on ChangeHero, and more trading pairs are expected to get added soon.

Undoubtedly, ever since the inception of Tron, it has attracted lots of exchanges. During the Tron migration on the 21st of Jun, 2018, big crypto-exchange such Binance, Bitfinex, and Bittrex announced their support for Tron network during the launch of its MainNet. Tron’s listing on major crypto exchanges keeps increasing as every day passes and this is due to its liquidity and futuristic long-term projects.

ChangeHero is not the only recent cryptocurrency exchange that has decided to add Tron to its platform, Abra, the only cryptocurrency wallet with a built-in exchange that supports about 28 cryptocurrencies, such as Bitcoin, Litecoin, Ether, XRP, DigiByte, etc., decided to feature Tron and Cardano on its platform just yesterday.

Justin Sun twitted about Tron’s listing on Abra on his official Twitter page today:

On the other hand, Abra stated on its official website after adding TRX, Cardano, and Basic Attention Token (BAT):

We are really excited to have these coins listed on Abra, and we are working to bring more investment options to Abra users. Before being listed on Abra, each coin goes through a rigorous vetting process that includes assessing the coin’s liquidity, contract market making, and other factors.  Once those criteria are met, new coins are added to Abra’s synthetic currency system, which means that all assets listed on Abra are leveraging the crypto-backed stable-coin model.”

Nonetheless, Abra has also announced on its official Twitter page that it is also making out plans to launch its very own in-app European bank purchases of Bitcoin and other cryptocurrencies – with Tron (TRX) included.

As things look, more crypto exchanges might list Tron on their platform soon making us expect a positive change in its price than what it is now. At the time of writing, TRX is priced at $0.0209 and is in the red (alongside the rest of the market except Ripple’s XRP) and down by 4.66% in the last 24 hours time.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

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$1 Billion Bitcoin Wallet on the Move

Bitcoin (BTC) enthusiasts from around the world are watching in shock as the old Bitcoin wallet sees new activity after years of being dormant. The wallet, which is in possession of over $1 billion in BTC, is now sending coins to at least two exchanges.

Dormant Bitcoin wallet awakens

All around the world, coin-holders, investors, and even regular crypto enthusiasts are speculating regarding the new activity in an old Bitcoin wallet.

The Bitcoin wallet, which was dormant for more than 4 years, is waking up, and threatening to disrupt the market’s fragile balance. Many are already in a state of panic since the movement might mean that a giant dump is about to happen.

The address was supposedly founded back in 2011, on July 2nd. Since then, it did not move its coins until March 2014. Back then, there was a certain activity, as the owners of the wallet stated splitting their BTC supplies into smaller chunks. Recently, however, around 15,593 BTC was sent to Bitfinex and Binance, while 210 BTC ended up on Bitmex.

Who is behind it?

One of the biggest mysteries regarding the address may very well be its owner. One Reddit user going by sick_silk has been speculating a lot regarding who might be behind the address.

According to him, this may be the Dread Pirate Roberts of Silk Road fame. However, it is just as likely that the owner may be connected to Mt. Gox or the hackers that hit the exchange. One theory even suggests that this might be Satoshi Nakamoto.

What IS known is that at least one, relatively small, transaction from this address was connected to a Bitcoin drug bazaar called Silkroad. Because of this, many agree with sick_silk, believing that Dread Pirate Roberts is behind it.

Additionally, since the address first appeared around MT Gox’s hack, many also claim that the address might belong to Gox. Even its former owner, Jed McCaleb, is one of the “suspects”. However, both entities deny having anything to do with it.

Finally, the theory that Nakamoto is behind it lies in the fact that the address started in 1933. This was the year when the US President Franklin Roosevelt decided to give out the order to confiscate gold.

Nakamoto even announced his birthday as April 5th, 1975, which is when this order was withdrawn. This is why Nakamoto is believed to be behind the recent activities. Although, as many have pointed out, the fact that the address begins with 1933 might merely be a coincidence.

Obviously, any of these theories might be true, but just as easily — they might all be false. Simply put, nobody knows. The only thing that is known is that the address moved its funds in March 2014, just when MT Gox declared bankruptcy. Since then, the coins were broken into smaller and smaller chunks, and some of them started reaching different exchanges recently.

According to one unverified analysis, around 11,114 BTC already reached Bitfinex, with 4,421 being sent to Binance. Additionally, Bitmex received a smaller shipment of 210 BTC.

Because of this, many are panicking and fearing that the BTC price will go down just as stability has finally been restored. The new move will definitely raise some amount of chaos, and it will be interesting to see how will everything resolve.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Ripple gets adopted by TransferGo to empower Europe India payments

On Wednesday, TransferGo announced through a press release that it is making use of Ripple’s blockchain service to enable payment access to India. The payment access will allow the money to be transferred to India from anywhere in Europe. TransferGo made it known that its Ripple-powered payment platform is a multi-billion dollar one that will foster easy transactions to India, and debunk Swift payment services in the country.

The company says,

Ripple helps to replace the multiple slow incumbent communications systems, most prominently Swift, where transfers can take up to 2-3 days.”

TransferGo is a London-based company that offers cross-border payment solutions. The company’s services are available in Europe and other countries such as HongKong. U.S, Israel, India, Canada, Australia, South Africa, and the Philippines.

Concerning the new bonding with Ripple, the Cheif Executive Officer of TransferGo, Daumantas Dvilinskas, says:

We’re delighted to be one of the first companies in the market to offer our customers real-time money transfers. By using Ripple revolutionary blockchain technology, we’re able to establish real-time communication between our banking partners and us in India, allowing TransferGo customers to send money to family and friends or make international payments immediately. “

Additionally, besides the payment access between Europe and India which occurs with minimal charges, TransferGo has plans to initiate a free service to Europe and India. It is important to know that this service is without any hidden fees. The free service will also make use of Ripple’s technology, however, in it, the transactions will get processed in 2 to 3 days.

It is not yet clear which of Ripple’s services (xCurrent or xVia) will be used as it wasn’t stated in the press release, but that may become clear to the public very soon.

India’s remittance payments are increasing chronologically. The inward and outward remittance of the country has grown to about 40%, and Ripple’s aim is to make these remittance payments easier, cheaper, and faster. As things stand, the blockchain firm is becoming the bedrock of remittance payments in India and TransferGo stated that Ripple’s blockchain network “opens up new horizons for TransferGo to develop additional products and services.”

The use of Ripple’s blockchain technology by TransferGo serves as good news for its customers because they can now send money to any place in Europe effortlessly.

Ripple’s SVP, Marcus Treacher used the opportunity too as he stated:

At Ripple, we believe blockchain technology has the power to make money move as quickly as information moves today. TransferGo is a great example of a forward-thinking payment provider that’s leaning into new technology to facilitate real-time, cross-border money transfers for their customers. That’s a big step forward.”

It is important to know that Ripple is being adopted by top financial institutions in India increasingly. Recently, Kotak Mahindra Bank, which is India’s second largest bank, announced its intentions to partner with Ripple to enhance its cross-border payments.

Another bank in India, named Induslnd, also noted its intentions to use Ripple for cross-border payments in February this year; other banks in the country are warming up to use Ripple.

Ripple is making waves in India and it seems there is a war forming between the blockchain company and Swift. Swift recently declared its intentions to launch a GPI to aid remittance payments. Nevertheless, we are likely to see that Swift’s experiment very soon.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin ETF And The SEC: Prepare For The Worst

September 30th is what many crypto traders and enthusiasts have marked as their D-Day. This is due to the fact that the SEC is meant to rule on the CBOE sponsored Bitcoin ETF by that date. The question on many crypto enthusiasts’ minds, is whether we will see a rejection or if the SEC’s rules have room for another postponement. But with the current Bitcoin (BTC) and general crypto market decline in the last 24 hours, it is safe to conclude that the SEC will also play it safe by not approving an ETF anytime soon.

Anthony Pompliano, Founder and Partner at Morgan Creek Digital, tweeted about the current events in the crypto space. He stated the following:

“Want to know why there isn’t a crypto ETF approved yet?

We just saw $100 million of Bitcoin dumped on the market in less than 10 minutes.

It caused more than a 5% decline in BTC price. Some argue volatility, others argue manipulation.

The truth is no one knows.”

The Mandate of the SEC

Given the last few hours of the crypto market turmoil, it is a good exercise to remind ourselves what exactly the SEC does. The full title of the authority is the U.S Securities and Exchange Commission and they are tasked with protecting American investors from market volatility and unfair practices by those with the leverage to do so in the traditional stock markets.

The SEC’s Mission is:

“To protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.”

It cannot get any clearer as to what the SEC is tasked with doing. With many crypto portfolios of HODLers dropping by an average of 20% in the last 24 hours, some wish that the SEC had a reach to investigate what just happened in the said time period. But with crypto being decentralized and the United States yet to issue concrete regulation within its jurisdictions, the SEC trying to regulate crypto is like a soldier going to battle with a broomstick! They simply have no laws or rules to work with.

Bitcoin ETF on September 30th?

Many crypto traders have marked their calendar for the SEC deadline of September 30th to make a ruling on the CBOE sponsored Bitcoin ETF. Many hope that by that time, the SEC would have changed their tune of constantly rejecting Bitcoin ETFs on their ‘in tray’.

Prepare for the Worst

Therefore, it would be prudent for many crypto traders to prepare for the worst as we head towards that deadline. A few plausible options are outlined below. Please note that we are not financial advisers. We are observant enthusiasts like you. All the choices below are dependent on individual risk tolerances. Therefore, there is no pressure to abide by any.

  1. Keep HODLing despite the recent happenings with a 10 to 20-year vision that the crypto market will grow to be valued in the trillions of dollars
  2. Another option would be set comfortable stop losses should anything happen due to an SEC announcement
  3. Learn to short BTC and ETH like the pros and head to BitMEX for some nonstop action
  4. Buy the Dip
  5. Completely cash out till after the SEC make an announcement
  6. Totally ignore all the above options

In conclusion, the fact that Bitcoin and other cryptocurrencies are bleeding in the markets is one more reason the SEC might not approve a Bitcoin ETF anytime soon. Perhaps what they might end up doing – given the mission statement provided above – is lay the groundwork for total crypto regulation in the US. This way, if there was indeed an ETF backed by Bitcoin, then the latter would not be subject to possible manipulation as many have suggested has happened in the last 24 hours.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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3 Cryptos Not Threatened By Altcoin Apocalypse

Despite the fact that numerous cryptocurrencies have made a lot of progress in 2018, the year was still extremely cruel to them due to 8 months of a constantly bearish market. A lot of coins have lost much of their value, with some losing as much as 90% of their value.

Recently, things started to change, and the market is currently in a long-awaited state of recovery. However, a lot of effort will be needed for some of these coins to once again get to where they were back in early January.

Furthermore, the constant price drops have made quite an impression on the investors, which are much more cautious regarding their investments. Nobody wants to lose their money, and this is perfectly understandable. Because of that, many are trying to figure out what coins are worthy of investing in. While new investors are often making a mistake of making assumptions by only watching the coins’ prices, the more experienced ones know that there is much more to the coin than just its surface value.

This is why we have done the research for you, and will now present three crypto projects that have proven to be so advanced and successful that they have managed to rise above the danger that awaits other, lesser altcoins. This danger is what many have taken to calling an ‘Altcoin Apocalypse’. However, as dangerous as it is, it still won’t be able to reach all cryptocurrencies. So, without further ado, here are three altcoins that can survive the Altcoin Apocalypse, and are thus among the safest investments right now.

1) NEO

NEO is a non-profit blockchain project that is entirely driven by its community. Its goal is to use the blockchain in order to digitize real-world assets and give them a permanent digital footprint. Additionally, the project uses smart contracts to also automate the management of all digital assets. The project aims to, eventually, create a Smart Economy.

NEO is actually a pretty old project, which was first founded under the name of Antshares back in 2014. Since then, it was rebranded to NEO but is also known as Ethereum of China. This is due to the fact that it is similar to Ethereum in a lot of ways, but is also one of China’s favorite projects.

Newcomers to the crypto world probably wouldn’t notice it at first, but NEO is actually only seemingly like Ethereum. In reality, the two are quite different.

NEO has a long history, which has left it with a strong community and a robust ecosystem. We have already mentioned that China supports it, which is important since not a lot of cryptos can say that. Even so, it is a very small project when compared to ETH, especially when it comes to dApps. NEO has over 66 of them at this point, while Ethereum has much, much more.

However, despite the low number, NEO’s dApps have much higher quality. This is due to higher fees on dApps launch, which means that only the most serious projects remain on NEO. Ethereum is much more economical, but this is why the quality is down.

Because of high quality, strong community, powerful connections, and generally being a high-quality project. NEO is bound to stick around. The Altcoin Apocalypse, no matter how deadly, will likely only leave small traces on this coin.

2) Monero (XMR)

Monero (XMR) is one of the so-called Privacy Coins. As the name suggests, it is an altcoin with a strong focus on the privacy and anonymity of its users. It is also completely decentralized.

Monero is no stranger to bear market, especially since it first came to be during one. As such, it knows how to act during not-so-crypto-friendly periods, which is in itself one of the best reasons for investing in this coin. Additionally, it is a coin that offers privacy, which is something that will never get old on the internet. Private transactions have always been, and always will be in extremely high demand.

Now, a lot of people would claim that such strong privacy features will attract criminals to the coin. However, there is so much more to this coin than just being used for ‘buying drugs’. The private transactions are one of the main aspects in preserving fungibility, as well as protecting the freedom of speech. The users have a right to keep their privacy, and Monero is the right way to go.

Just imagine if a certain amount of BTC was being held by someone with a bad reputation. Their coins might end up blacklisted by numerous organizations that do not want anything to do with that individual. As such, those coins will become basically useless. Now imagine if you somehow got tricked into buying those blacklisted, useless coins. All your money would be gone, and your coins might even end up being seized due to a connection to a known criminal.

Monero eliminates such issues, and you will always know the worth of your assets, no matter what someone may have done with them in the past.

3) EOS

EOS is a smart contract blockchain that was created by a firm named Block.one. It focuses on scalability and speed, as well as user experience. It uses a consensus mechanism called Delegated Proof-of-Stake, which allows it to eliminate transaction fees, while it increases throughput. Additionally, EOS token holders have access to numerous network resources such as storage, bandwidth, and alike.

EOS is one of the coins that is certain to survive the Altcoin Apocalypse due to its focus on scalability, which has been something that cryptos have been struggling with for an entire decade at this point. Its creator, Dan Larimar, has had several successful blockchain projects behind him, which has allowed him valuable experience that he used for making a masterpiece that is EOS.

EOS has made a lot of progress this year, and its biggest achievement is the launch of its own MainNet. While the launch did not go without its issues, they were quickly resolved, and the coin has had no more problems ever since. In fact, it became the altcoin with the highest number of transactions per day — over 5 million.

Obviously, EOS is a coin that is extremely popular, and many see it as a potential Ethereum killer. It is often seen as a rival to NEO in this regard. All in all, EOS has made too much progress to allow bear markets to kill it off, which is why we have chosen it to be the third and final coin on our list of safe investments.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Square Inc (NYSE:SQ) To Grow Bitcoin Adoption

The crypto community on Twitter is continually a treasure trove of observant enthusiasts and traders. One needs only to scroll down the numerous posts about crypto to have a feel of how up to date many are with the daily developments in the industry. One such example is @kerooke who had this to say about Square Inc (NYSE:SQ) on the future of Bitcoin (BTC) and the general direction of crypto adoption:

“Square has…

2 million merchants, A CEO who loves Bitcoin and a patent for a cryptocurrency payment network

I’ll let you connect the dots here.”

His tweet was accompanied by the following screenshot of the patent filed by Square Inc.

Patent by Square Inc. Source, Twitter.com

Square Inc. made the news back in mid-June when it got the go-ahead from regulators allowing New Yorkers to trade cryptocurrencies on the rapidly growing Cash App. The option to trade crypto was only available in other states. The approval to operate in New York was lacking up until then.

Cash App has been growing rapidly since it was launched in 2015. With the option of cryptocurrencies on the App, the sky is the limit for Square Inc. through its vision of also providing merchant services by integrating it to mobile payments.

According to Reuters.com:

“[Square’s] commerce ecosystem includes point-of-sale software and services that help sellers make informed business decisions through the use of analytics and reporting. As a result, sellers can manage orders, inventory, locations, employees and payroll; engage and grow their sales with customers, and gain access to business loans. The Company monetizes these features through either a per transaction fee, a subscription fee or a service fee.” 

Are 3rd Party Payment Processing Firms Needed?

One question that has been on the mind of many Satoshi Nakamoto fans, is whether there need to be additional third-party payment processing technologies. The individual ledgers of each of our favorite cryptocurrencies are already efficient for peer-to-peer payments and as envisioned by Satoshi. In the above instance, Square is simply trying to replace banks as payment processors in the traditional setting of payments.

One Twitter user responded to the tweet about Square as follows:

“The idea of crypto is not to use any 3rd party providers when interacting with merchants. All this BS is irrelevant, square, circle, robinhood, retardapp all useless attempts to install paypal 2.0”

The other side of the argument is that an abrupt shift by merchants from traditional Point-of-Sale systems to Peer-to-Peer transactions is near impossible. This is due to the fact that each sale transaction needs to be tracked in efficient software solutions that also have the added benefit of managing orders, inventory, payroll, and even taxes.

This is where companies such as Square Inc. come in to play a major role in integrating crypto payments into an already functional ecosystem of merchant services. As the Point-of-Sale solutions provided by Square expand, so shall crypto adoption.

What is your opinion on third-party merchant solution providers such as Square Inc.? Do we really need crypto integrated into Point-of-Sale terminals? Or is this a redundancy to an already efficient peer-to-peer system pioneered by Bitcoin? Please share your comments below.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Yahoo! Now Supports Crypto Trading

Yahoo has now added the possibility of crypto trading as part of its Finance sector. Currently, the sixth largest website on the internet supports Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH).

Yahoo adds crypto trading option to Yahoo Finance

The crypto trend continues to persist and even expand, as all the largest companies around the world are slowly turning towards this technology. In fact, cryptocurrencies have just made another large step towards the mainstream usage by winning over Yahoo Finance.

The platform now offers its users the ability to trade Bitcoin, Ethereum, and Litecoin, in addition to offering statistics for several other coins, like Bitcoin Cash, EOS, and Ethereum Classics. Although these coins currently cannot be bought or sold via the platform, many believe that it is only a matter of time before they, and possibly others, are included as well.

The new move was seen by many in the crypto community as a big thing for cryptocurrencies. While cryptos still continue to struggle with achieving adoption, enabling trading on Yahoo! is an enormous step up. Anthony Pompliano, the founder of Morgan Creek Digital, shared the news on his Twitter account, saying that “The virus is spreading”.

Plans for the future

At the moment, Bitcoin’s price is at $7,379.33, with a 1.13% increase in the last 24 hours. As for Ethereum, its price is $283.54 per coin at the time of writing and is actually down by 1.05%. As for Litecoin, the third and last coin that Yahoo Finance currently has a trade option for, its price is $67.85 right now, with a 1.41% rise.

It should also be mentioned that the new development came several months after Yahoo’s Japanese arm officially stated that they plan to open their own crypto exchange. The exchange was scheduled for April of the next year, or possibly even later than that. Additionally, Yahoo Japan was planning to purchase up to 40% of BitARG Exchange Tokyo. These plans were first made public back in April of this year.

Soon after that, a team of executives was dispatched to start preparing the foundations for a soon-to-be exchange. Now, however, it would seem that Yahoo itself is making the first move towards cryptos, and many are speculating that this may be an attempt to win back users that have turned to Google over the years.

Whatever Yahoo’s motivations may be, the fact remains that this is a big thing for all cryptos, as displaying crypto friendliness is more than enough at this point. Whether Yahoo Finance will expand the list of tradeable digital coins or not, still remains to be seen.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Ben Metcalfe via Flickr

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