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Cardano (ADA) to make BTC and ETH Bite the Dust, Claims Charles Hoskinson

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Cardano
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Cardano (ADA) has seen a lot of positive development recently, with many new partnerships and beneficial contracts being signed around the globe. It was enlisted on Bittrex exchange, and it plans to expand its business to Africa and South America, in addition to entering an agreement with EMURGO, which will make it a valid payment option on Metaps Plus.

ADA’s new partnerships

Cardano’s (ADA) recent actions have gained a lot of potential for this cryptocurrency, and its founder, Charles Hoskinson, expects that ADA will advance even more.

Recently, a Japan-based venture capital EMURGO, which was founded back in 2017, has announced that ADA will be used as a payment option on Metaps Plus. This is the biggest name when it comes to South Korea’s mobile payment platforms. This will be the first time that a crypto is integrated into such a platform, and such an act is expected to significantly increase Cardano’s value. In fact, the crypto is expected to reach the value of $1 as soon as it officially becomes a part of the platform.

EMURGO’s statement said that this will be the company that will help ADA enter Metaps Plus platform.

So far, Cardano has been mostly concentrating on the development of its technology. It would seem that it is finally ready to take real action, and its founder, Charles Hoskinson, is convinced that this crypto can beat even BTC and ETH within a year or less.

Another big milestone for this crypto includes its listing on Bittrex, a large exchange which is expected to increase ADA’s trading volumes even further.

All of these developments have made the coin very popular, and various steps have been taken that will make ADA the token used by more than 33,000 franchise stores. Of course, all of these stores will be the ones partnered with Metaps Plus, but this still brings a lot of potential to this crypto. Through the Metaps Plus’ connections and partnerships, ADA will expand its influence rapidly.

Cardano expands and improves

Hoskinson is also planning additional security for this crypto, which will ensure that all of the investments are properly protected. The additional security will also include a certain amount of education for the system’s users via podcasts, meet-ups, as well as publications. It is expected that the breaches will be largely reduced once the users know how to properly use Cardano’s Daedalus.

Cardano is also planning to expand to other continents, including Africa and South America.  Just last week, the Memorandum of Understanding was signed between Cardano and Ethiopian Ministry of Science and Technology. This document will promote the blockchain tech in Ethiopia, as well as the rest of the African continent. Another part of the MoU includes the training of the blockchain developers from this country.

It would seem that ADA is on a serious rise, and Hoskinson’s claims may come to pass sooner than anyone has thought possible. The coin has even increased its position on the market and has managed to climb to the seventh position. The goal of cryptos is to change the world, and Cardano definitely seems to be doing its best to add to achieve this goal.

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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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Blockchain-Focused ETF Arrives on London Stock Exchange

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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Jeff Bezos
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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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Three Biggest Things To Know Come Cryptocurrency Tax Season

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In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.

These three tips should help anyone looking to legally report their crypto activity to figure out where to start.

Documentation is key!

There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting.  Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.

Calculate your total gains

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