Connect with us

Blogs

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

Published

on

unifox-ad
Ethereum
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, sign up for our Telegram!

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 Pexels

Altcoins

3 Coins Coinbase Will Adopt Next

Published

on

Coinbase
READ LATER - DOWNLOAD THIS POST AS PDF

Coinbase is one of the largest and most popular cryptocurrency exchanges in the world. However, throughout its existence, it was very picky when it comes to which coin it will adopt. So much so, that it has become a very large achievement to get support by the exchange.

Recently, however, Coinbase has decided to act on its users’ wishes and expand its list of accepted coins. In theory, this was a big deal, and the exchange actually started looking into a lot of coins. However, it only adopted a few of them. Right now, Coinbase is supporting Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, USD Coin, Basic Attention Token, and 0x.

Even so, Coinbase wishes to add more of them, but only after it ensured that the coins are a part of legitimate, non-controversial projects. As a result, the entire crypto community started speculating about which coins will be added next. This will also be something that we will try to answer today, by listing three projects that are the most probable candidates.

3. EOS

EOS or Ethereum On Steroids, as some like to call it, is a more than a decent project that has made headlines multiple times this year due to its progress. It managed to launch its own MainNet, which made it perfect for dApp development and smart contract creation. This makes it similar to ETH, but many…

Continue Reading

Bitcoin

What Will It Take For Bitcoin (BTC) To Rise Again?

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

It is no secret that 2018 has been a terrible year for cryptocurrencies when it comes to their value. Things looked so bright during the first few days of this year, with Bitcoin hitting $20,086 per coin, and every altcoin reaching new heights. However, it was not to last, and soon enough, the market crashed, and prices went down.

What followed was months and months of a heavily bearish market that kept pushing the prices further and further down. It prevented any attempt of recovery, although several of them gave it their best shot.

Despite a situation like this, crypto investors never forgot the potential of Bitcoin, and many have been predicting another bull run that would have the same results. Those expectations were quite large, and potentially even unrealistic at first. Now, however, as the year approaches its end, it doesn’t seem like anything will happen. The community started to wonder why that is, and what would it take for another bull run to emerge, which is what we will try to answer right now.

What does Bitcoin need in order to have another bull run?

1. Bringing regulation

The crypto space remains highly unregulated in most parts of the world, which is one of the largest reasons why BTC remains dormant. While there are attempts to regulate it, these attempts are made even more difficult due to the fact that the market is constantly changing and…

Continue Reading

Altcoins

Stellar plans to Airdrop 150 Million USD in XLM to Blockchain Wallet Users

Published

on

Stellar
READ LATER - DOWNLOAD THIS POST AS PDF

Recently the Stellar Development Foundation partnered with Blockchain Wallet to airdrop $150 million value of XLM, to the owners of the wallet. The Block declared that the first batch of XLM would be shared this week for all users who signed up to use the Blockchain wallet.

The team behind the stellar Development Foundation hopes that this partnership will make XLM a real rival for other cryptocurrencies from the market.

The co-founder of Stellar, Jed McCaleb declared the following about the airdrop:

“We believe that airdrops are central to creating a more inclusive digital economy. Giving away lumens for free is an invitation to communities to design the services they need.

By working with Blockchain to increase the availability and active use of lumens on the network, we will increase the network’s utility by many orders of magnitude.”

Just $25 value of XLM each

To share some respect to the worth of XLM will distribute for each user, the team of Blockchain wallet declared that after verifying the identity when signing up to the wallet, $25 value of XLM will be shared to each. Furthermore,  there will be a first- come and the first-served clause in this airdrop which says:

Offer available until XLM giveaway supply is depleted. Limit of one XLM airdrop per person, unless participating in any bonus activities.

A person can receive the XLM airdrop in only 1 Blockchain Wallet.  XLM…

Continue Reading

Elite