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EOS Welcomes a New Team Member




The last two months have been outstanding for EOS, which has witnessed a steady gain. The cryptocurrency, which was on the rise due to a number of exciting developments, outpaced Litecoin to move up. As the market capitalization of EOS skyrocketed, its popularity soared over the last couple of months. The latest price trends, however, have sent shock waves across the crypto community, as the crypto market has been hauled into a sudden depression, sending many well-performing currencies in the red.

Like any other major altcoins in the market, EOS is struggling to recover from a price slump. As per the price trends, the coin is showing signs of a rebound. Although the general sentiment of the market is bearish, there’s some good news for EOS investors. The following segments explore the recent developments on the EOS blockchain.

The CFO of Australia’s Commonwealth Bank to Join EOS Blockchain as a COO

EOS, the Hong Kong-based decentralized platform, which is often considered as a threat to Ethereum killer, boasts an amazing development team. The developers working on the blockchain managed to raise $2 billion in a single ICO offering. Considering the developments on the blockchain, the currency, which ranks 5th by market capitalization, could overtake Ethereum in the coming days.

While the sudden price drop has sparked confusions in the crypto community, EOS is all set to surprise its users with exciting new updates. As per the updates released on May 14, Rob Jesudason, the CFO of the Australian Commonwealth Bank has left the bank to join Since is the developing team behind EOS, this is news for EOS. As per the reports, Jesundason has been appointed as the president and chief operating officer of “Blockchain will have a transformative impact on most industries in the coming years and will redefine operating models by streamlining businesses, while also reducing cost and risk,” Jesudason said. has generated the EOS tokens that were distributed as initial coin offering in June 2017. This means that the blockchain project will turn one year in the following month. At any rate, there is no better way of commemorating the occasion, as Jesudason’s joining will be a significant development on the blockchain. Speaking of this occasion, CEO of observed that he sees Jesudason as the perfect candidate for the COO post. The ex-CFO of the Australian Commonwealth Bank, who has been at CBA for over six years, has earlier worked on several other projects, including IFS, Credit Suisse, JPMorgan, Barclays, GE Capital and McKinsey.’s  CEO Brendan Blumer who is happy with the decision, reported, “Rob has a proven track record of success in global financial services, where he has been involved in industry innovation and facilitated regulatory advancement enabling the adoption of new technologies.”

New Developments on EOS Blockchain

While the return of the bullish sign has alarmed many investors, EOS blockchain anticipates some positive changes in the future. The blockchain, which invigorated the traders’ interest by launching new software update, Dawn 4.0, is striving to make some interesting upgrades on the blockchain. Tracing its recent developments, the EOS mainnet launch and the new project called Infinito Wallet have created quite a buzz among investors.

Infinitowallet, which has its headquarters on the Isle of Man, UK, now accepts EOS tokens registrations. This registration process is mandatory to translate ERC20 EOS tokens to its own platform. As of now, Infinito Wallet accepts seven big currencies and tokens that are based on the ERC20 and NEP-5 blockchains. Conveniently enough, Infinito Wallet has launched an app for its project for both iOS and Android users.  Operational since 2017 in the UK, Infinito Wallet is on its way to becoming a universal wallet for all types of cryptocurrencies. As reported by Infinito Wallet, the project is one of the first candidates to support EOS’s hyped-up mainnet launch. All the ERC20, tokens which are registered with the EOS ICO, will need to register with EOS before June 1, as the EOS ICO will conclude on that day and any unregistered tokens will freeze.

EOS and the Market

With the cryptocurrency market recovering from a sudden price slump, many top gaining currencies like Tron, EOS, and others are reversing their gains. As of May 16, 2018, the currency is trading at $12.35, with a 13.27% drop. While it is evident that EOS is slowing down, with a stable trading volume and a market cap of $10,608,833,816, the currency is here to rule.

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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




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



crypto billionaire

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




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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