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Coinbase Teases Listing of Five New Cryptos including Cardano (ADA)

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Coinbase’s new announcement states that the exchange is looking into five new coins that might be added to its very short list of offered cryptocurrencies. The altcoins in question include Cardano (ADA), Stellar Lumens (XLM), 0x (ZRX), Basic Attention Token (BAT), and Zcash (ZEC).

Coinbase plans new adoptions

It is every altcoin’s dream to get listed on Coinbase, and for some of them, that dream might become a reality very soon. After months of waiting, Coinbase users, as well as fans of five different cryptos have finally received some good news. Coinbase’s announcement, that was just released yesterday, states that the exchange plans to adopt five new digital currencies.

The cryptocurrencies in question include Stellar Lumens (XLM), Cardano (ADA), 0x (ZRX), Zcash (ZEC), and Basic Attention Token (BAT).

Despite the fact that these are not the only coins that Coinbase has decided to open up to recently, their addition will still be important. Recently, Coinbase announced that it will bring back Ehereum Classic (ETC). Still, this listing was not really a groundbreaking event, considering that ETC was already offered on Coinbase in the past. Instead, this marked a comeback for ETC and a testing ground for Coinbase.

Beating the competition

Coinbase is one of the most popular exchanges around. It serves more than 13 million users, and the addition of new tokens might attract even more of them. Of course, Coinbase did not make an official move towards adoption just yet. For now, the exchange is only considering the coins, as well as exploring them, and making sure that they fit the regulations.

If the exchange finds that the coins fit, they will soon join the likes of Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum (ETH). By adding more coins, and offering a larger selection, Coinbase is hoping to attract more customers and beat the competition. Of course, this doesn’t mean that the exchange is doing badly as it is.

After all, its revenue was at around $1 billion last year. Even so, the large majority of the margin only came in December, when cryptos skyrocketed and everyone jumped on the opportunity to join in. Now, Coinbase seems to be making an effort to repeat this achievement. The new development came shortly after Binance announced that their profits exceed $300 million already and that they aim at $1 billion by the end of the year.

With a situation like that, it is no wonder that Coinbase wishes to prove that is still equally capable, or better than Binance.

Nothing confirmed just yet

It is worth pointing out that Coinbase has warned against hype since they are still only considering the coins. The exchange stated that there is no guarantee that all of them, or any of them, will actually be listed.

This careful approach is necessary since the exchange would like to prevent another Bitcoin Cash fiasco from happening. Back then, Coinbase announced its support for the coin months ahead, but they did not specify any dates in the original announcement. As expected, BCH’s price went up a lot, and a lot of users accused and sued Coinbase of insider-trading and stating that its employees bought BCH when it was low, and then raised its price to make a profit.

Now, Coinbase is not taking any chances. They have announced the possible listing of multiple coins, as well as carefully-worded explanations and warnings so that the previous situation would not repeat itself.

And, of course, the exchange is being vague about the dates on purpose, for this very reason. Not only that, but it also explained that not all of the coins may be available to everyone and at the same time. This basically means that the exchange plans to reserve the right to experiment with crypto listings, which might lead to better understanding the coin launch. Additionally, they will even gather some valuable data that might improve the user experience.

If they offer the coin to the smaller group and first, and then use their findings while offering the coin to the rest of the world, it does stand to reason that the user experience might be improved on a larger scale.

This is still a very big and a very important announcement for the crypto world. The coins already received a lot of attention from crypto enthusiasts. The biggest questions now include which of the coins will make it to Coinbase’s list, if any, and when can they be expected? For now, this is unknown, but it probably won’t be long before a new announcement is made, and the situation becomes a little clearer.

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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