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Basic Coin Token (BAT) spikes amidst Coinbase support launch

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Basic Coin Token
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Amidst the downtrend in the crypto-market lately, Coinbase, the biggest cryptocurrency exchange in the United States has decided to list Basic Coin Token (BAT) to its ‘Pro’ platform.

Coinbase decision to add BAT Tokens to Coinbase Pro will allow BAT/USD trades very soon but only when there is enough liquidity on the digital asset, but deposits are already available on the platform. Coinbase also announced that all the trading features concerning Basic Attention Token would be available in all areas, besides residents in New York. It is important to know that BAT Tokens are not available yet on the official Coinbase website, but we may see the listing before the year comes to an end.

Here is a full statement by the exchange:

After 1 pm PT on Friday, November 2, we will begin accepting inbound transfers of Basic Attention Token (BAT) to Coinbase Pro. We will accept deposits for at least 12 hours prior to enabling trading. Once sufficient liquidity is established, trading on the BAT/USDC order book will start. Users may convert their USD to USDC with one click within the Pro interface as described here

The exchange continued saying,

“BAT trading will be accessible for users in most jurisdictions, but will not initially be available for residents of the state of New York. Please also note that BAT is not yet available at Coinbase.com or in our iOS and Android apps. We will make a separate announcement when that occurs.”

Undoubtedly, Basic Coin Token (BAT) is a top-notch cryptocurrency from the newly-formed BRAVE – a web browser. It is also a cryptocurrency based on Ethereum’s protocol; during BAT’s ICO launch, it was recorded that the blockchain project collected more than $35 million in thirty seconds. Mind-boggling.

According to a post by Coinbase on its blog, BAT will be released in 4 stages: transfer only, post only, limit only, and full-trading. As the name suggests, the full-trading stage will offer limitless trading for traders and BAT investors, including stop-orders. Coinbase does not allow retail trading on its platform and iOS and Android applications.

The Surge in Basic Attention Token (BAT) Price

After the Coinbase statement concerning the BAT listing on Coinbase Pro, the value of Basic Attention Token rose from $0.26 to $0.345 in no time, recording an increase of more than 30 percent within 20 minutes on November 2nd.

At the time of writing, Basic Attention Token has settled at $0.32 price level. BAT looks to replicate Ox when it was featured on Coinbase Pro last month as the cryptocurrency has surged by more than 7 percent in the last 24 hours.

Nevertheless, lots of questions have been asked by traders on which cryptocurrency will be next to be listed. Notable cryptocurrencies with great prospects have been tipped to be listed very soon after Basic Attention Toen (BAT). It is necessary to know that cryptocurrencies such as Cardano (ADA) and Stellar (XLM) have been the most-talked-about to be listed on the platform shortly.

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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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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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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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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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