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Cardano and Tron claim new crypto exchange listings, Verge and Ripple to wait

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It has turned out to be a good few days for the cryptocurrency market as the prices enter green-zone again. As if that was not good enough, two cryptocurrencies received some ultra-rejoicing news as both were added to new crypto exchange listings.

Cardano (ADA) and Tron (TRX) are the two cryptocurrencies that scored the new exchange listings. Unfortunately, on the other side, rumors of Binance adding Verge (XVG) and Ripple (XRP) to trade with fiat money got a setback.

Today, Tron (TRX) was added to Canada’s Einstein Exchange — a strong indication of TRX’s increasing reach. The exchange is an operation based in Vancouver and dubs itself as “Canada’s fastest growing digital currency exchange”. In fact, the Canadian crypto exchange added a couple of other cryptos alongside Tron; others that were included are 0x’s ZRX and Golem’s GLM.

Tron (TRX) is basically a blockchain-based decentralized protocol with the aim of constructing a “worldwide free content entertainment system” with distributed storage technology, and the blockchain. Simply put, the protocol allows a user to publish, store as well as own/control data.

A few days ago, Tron solidified its appeal in the Asian continent when it was included to WazirX – the best Bitcoin exchange of India.

As hinted above, the second crypto that has made progress, in this regard, is Cardano (ADA); as it has been added to CoinSwitch. They are an aggregator, in partnership with exchanges like Bittrex and KuCoin; so that the customers can access the best price without opening separate accounts. Interestingly, this turned out immediately after some time when the announcement by Binance regarding the addition of Cardano to the exchange was made. In fact, currently, you can trade Cardano for BNB, Tether (USDT) or exchange’s Binance coin.

Binance makes XVG and XRP wait

The day started with rumors all over that Binance was to add a conversion option of XRP and XRG for USD. Unfortunately, Changpeng Zhao, CEO of Binance quashed rumors via tweet. According to him, the exchange is in talks with banks to support fiat, but there are no short-term plans for the USD as of now. He continued to say that XRP and XVG won’t get included yet.

The Verge-Ledger kerfuffle still angers many and the way Zhao handled the news pleased some; although, others were disappointed (and rightly so).

We will be updating our subscribers as soon as we know more. For the latest on cryptos, 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 Microsiervos via Flickr

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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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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