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Cardano (ADA) and Tron (TRX) make it to the Abra wallet crypto list

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Cardano Tron
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Undeniably, more and more cryptos are being created every day, so we can be sure that the times when Bitcoin had the market to its own merely is gone forever. It is because of this that results imperative to have a variety of options to play with when it comes to exchanges, wallets, and any platform to operate with crypto and fiat currencies obscurely.

In this sense, one of the preferred platforms to exchange fiat to crypto and vice-versa is the ABRA wallet, one of the most extensive services in the world of digital money.

ABRA has made a horde of announcements in the last days that promise to shake the crypto world, including the addition of three new cryptocurrencies to its platform, and the diversification of the payment methods allowed in the network. Let’s see all the details behind the wallet update.

ABRA updates

Yesterday, ABRA announced that Cardano (ADA), and TRON (TRX) are currently integrated into their systems, so users can now fund their wallets with these top cryptos. It was also known that the company is planning to include Bitcoin Cash (BCH) as well, a milestone that would count a total of 28 cryptos accepted in the network, one of the widest repertories in the industry.

However, this is not the end. The company is planning to diversify their payment options as it aims to include the benefit of funding from European bank accounts as well, a fact that will open the doors for all of the European traders in the European Union.

Let’s recall that before this announcement ABRA users had the option to fund their wallets by bank and wire transfers in the United States, as well as with Mastercard, American Express, and other debit and credit cards from all around the world.

Like this, ABRA is actually ready to conquer the financial world by offering investors of all sorts the opportunity of accessing an incredibly broad range of options related to digital currencies, a fact that, to say the least, the platform is accomplishing with an incredible ease.

In fact, its main competitor Coinbase, is way beneath this level; only offering its users 5 cryptos, Litecoin (LTC), Ethereum (ETH), Ethereum Classic (ETC), Bitcoin Cash (BCH) and of course, Bitcoin (BTC), and a short repertory of fiat options versus the 50+ alternatives that ABRA offers in fiat currencies such as AUD, USD, NZD, EUR, and many others.

Conclusion

The latest Abra crypto updates represent a significant advancement in the cryptocurrency world as it gives enthusiasts and investors more excellent opportunities to play with, and that’s precisely what we’re all looking for concerning usability. On the other hand, it represents a low blow for Coinbase, which now has to look to diversify its offer to keep on the picture. And why not, who would not want Coinbase to list Cardano and Tron as Abra just did?

If you want to get more information about ABRA, please go to their website abra[dot]com and find out everything about the latest updates and developments of the wallet service.

For the latest cryptocurrency news, join 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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Nicole Honeywill on Unsplash

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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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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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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