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Charles Hoskinson Reveals Big Plans for Cardano (ADA)

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Cardano
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A recent session with EMURGO, Cardano’s incubator for blockchain startups, has allowed ADA’s co-founder to reveal big plans for the coin’s future. Charles Hoskinson stated that he hopes to see Cardano become the first trillion dollar crypto.

Hoskinson hopes ADA will become a trillion dollar economy

Charles Hoskinson, the co-founder of Cardano (ADA) and Ethereum (ETH) before that, has always been known for ambitious plans and statements. He continues to shock the crypto community with various claims, like when he said that Wall Street will bring trillions of dollars to cryptocurrencies. His crypto enthusiasm is also apparent in a statement that cryptos are the greatest invention within the previous 500-1000 years.

Now, Hoskinson has expressed his hope to see Cardano (ADA) become the first trillion dollar crypto. His reasons for stating this is his hope that this would prove that Cardano is a self-sustainable economy. He also mentioned that ADA’s goal is to change how people use cryptos. Instead of ADA tokens being sold and cashed in as soon as the price goes up like they do with Bitcoin, Hoskinson hopes that users would hold on to their coins and get the opportunity to use them in the real world.

Widespread adoption of ADA would allow people to use  Cardano coins to pay in restaurants, shops, and everywhere else. Hoskinson stated that he would love for this to happen, and to provide everyone in the world with fair rules, and equal opportunities.

Hoskinson also has a vision for EMURGO

After this, Hoskinson changed the subject to EMURGO, which is the part of Cardano that is in charge of supporting, developing, as well as incubating various commercial ventures that wish to use ADA’s ecosystem. At this part of the speech, Hoskinson said that he hopes that the firms might become a thought-leader. This would allow them to offer services for both, the companies, as well as for smart contracts. Of course, a large part of their philosophy would be addressing and possibly solving the biggest and deepest issues regarding decentralization.

It is his hope that EMURGO would be capable of solving various problems in the world, including fraud, abuse, corruption, and alike. If this proves to be possible, EMURGO would continue improving the world around us by starting a ‘Me Too’ movement.

Finally, he stated that he wishes for EMURGO to become an ecosystem’s leader, and to take it to new great ventures worthy of investments. That way, new entrepreneurs are expected to appear and continue investing in worthwhile projects.

Cardano’s community seems to be very supportive of Hoskinson’s plans and visions, and many have responded positively to his plans on various social platforms, including YouTube, Reddit, Twitter, and alike.

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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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collateralized debt position
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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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