After a Reprieve from US regulators, Billionaire Ethereum Co-founder now looks to China - Global Coin Report
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After a Reprieve from US regulators, Billionaire Ethereum Co-founder now looks to China

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Ethereum
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By a mile, last week was a good week for Ethereum investors. Even though the market has been quite bearish, Ethereum has remained fairly stable amid news of exchanges getting attacked and regulators paying close attention. In fact, after the SEC(Securities and Exchange Commission) put Bitcoin and Ethereum in the clear with statements that revealed the two cryptocurrencies as not being subjugated under securities laws and regulations, Coinbase ( a leading wallet and exchange platform in the US) added Ethereum Classic to its platform while also promising to add more ERC-20 tokens.

As it seems at the moment, Ethereum Classic is the newest investment in town considering the coin has been leading the altcoin market recovery after a mild dip that came with the news of Bithumb getting hacked. However, new developments by big-time crypto investors reveal that there could be a rise of Ethereum based cryptocurrencies that we all need to consider.

Anthony Di Lorio shopping for new Blockchain ventures

Bloomberg first reported that Anthony Di Lorio, a co-founder of Ethereum, is shopping for bargains with a particular interest in Vechain and Qtum (both China-based Blockchain projects). According to Di Lorio, “The biggest stake for” him at the moment “is in Qtum and Vechain.”

In an interview he did in Toronto, the billionaire also pointed out that “there are many opportunities in newer” projects “if you can identify them.”

To the uninitiated, Di Lorio is the creator of the Jaxx crypto wallet who used his early investments in Bitcoin to become one of Ethereum’s co-founders and ground floor investors. Currently, he runs Decentral, which is a hub in Toronto that is primarily built to focus on Blockchain projects.

Why is he focusing on Vechain and Qtum?

Although Vechain and Qtum are not among the top ten crypto projects at the moment on CoinMarketCap, it is easy to see why they both appeal to Di Lorio. Both VEN and QTUM are Ethereum based cryptocurrencies.  In fact, the two Blockchain projects boast of control over the biggest up and coming crypto markets including China, Japan, and South Korea.

Qtum, for instance, is improving on Blockchain with a protocol that combines Bitcoin’s reliability with Ethereum’s smart contracts and flexibility. Currently, it has a market capitalization of about $914 million while being ranked among the top 20 cryptocurrencies on CoinMarketCap.

VeChain, on the other hand, provides a supply chain management Blockchain application with a focus on financial services. The VEN coin that runs on the Vechain’s Blockchain is currently ranked number 17 with a market capitalization of about $1.7 billion.

With pioneer crypto investors like Di Lorio looking to double down with new ventures in the crypto space almost a decade since Bitcoin was invented, it’s a clear sign that the market is shifting gears. Comparing Bitcoin to Ethereum, the former seems to have made strides in terms of building a platform where projects such as Vechain and Qtum can be established. However, when asked about Bitcoin’s future by Bloomberg, Di Lorio responded by saying that Bitcoin is “going to consistently do what it’s been doing over the last year as more people start to use it.” Clearly, he is still a Bitcoin bull.

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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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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore
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Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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