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Binance Coin (BNB) Pops as Exchange Doubles Referral Bonus

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Seemingly out of nowhere, Binance Coin (BNB) has exploded over the past 24 hours while the rest of the market stagnates in a growing sea of red. After a series of negative headlines wreaked havoc on the market for the last week(s), Binance Coin (BNB) has been chosen as the favorite currency to lead investors from the darkened corners of the altcoin market, and into the light of positive returns.

The market FUD leading to the current lows across the market came in with a tidal wave of bad news recently. The news cycle began hammering the crypto-universe with stories of Warren Buffet and Charlie Munger repeating their uneducated views on the state of our favorite crypto-company. Calling out Bitcoin (BTC) as a bad investment, old Buffett stirred the alternative currency pot once again expressing more than just general unease about investing in the most famous cryptocurrency. His unease was taken to another level, however, by Berkshire Hathaway’s Vice Chairman, as this ancient curmudgeon likened investing in the market to “trading freshly harvested baby brains.”

Like clockwork, in a seemingly scripted repeat of the market crash from earlier this year, within a week of negative publicity espoused from these shameful fiat cheerleaders, the South Korean government hammered the market with a raid on UPbit, an increasingly popular market responsible for a hefty portion of investments on their side of the world. While UPbit has been found to have done no wrong since the incident, clearing the exchange of the government’s accusations of deceit through an extensive audit, the damage nevertheless was done, and markets sank lower. Finally, if these stories weren’t enough, in an effort to affect market value in an overreach of epic proportions, the Securities and Exchange Commission (SEC) targeted the likes of Ripple (XRP) threatening to weigh in on whether their currency should be considered a security.

With true elegance and grace, however, Binance (the world’s most popular altcoin exchange) has looked straight into the face of market FUD, facing the negativity head-on and lighting a candle for the hodling masses. With a show of strength, Binance has doubled their referral rewards, exciting investors and shining a light on the path to market recovery. With the news, Binance Coin (BNB) has shot up nearly twenty percent, raising the value of the currency alongside the hearts of the crypto community.

With a staggering list of popular currencies to choose from, Binance became known as the fastest-growing startup in history, reaching a billion dollar valuation with record speed earlier this year. The cryptocurrency associated with the exchange, Binance Coin (BNB), is used by participants to cut their fees in half when trading in and out of altcoins on the platform. And with regular coin burns, increasing platform stability and the constant additions of popular currencies, Binance and Binance Coin (BNB) are seen as must-have’s for investors clamoring to trade on our favorite exchange.

Binance Coin (BNB) is now sitting at $US 14.97 and may continue to gain value over the coming day(s). In February, the currency had fallen under US $6.00, crashing along with the entire coin market. The trend however now seems clear, and the current rise of this exchange-based cryptocurrency is bolstering the wallets of a brand new investor class. It would not be too far of a stretch to perceive a near-term future where this popular currency reaches a new all-time high. That reality may come sooner than anyone expects as we enter the next bull run. Get ready.

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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

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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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