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

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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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Blogs

Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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crypto billionaire
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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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TokenRoll
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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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