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Charles Hoskinson Reveals Big Plans for Cardano (ADA)

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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

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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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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