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Ethereum Classic (ETC) is Moving Up with RADEX, Coinbase and New Listings

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Ethereum Classic
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Ethereum Classic is looking forward to its 3rd birthday that should be marked on July 30th. At the same time, this marks three years since Ethereum had its first fork ever (and the last for now) which came as a result of the well-known failure with DAO, which further resulted in a massive stealth of ETH funds. That is how ETC was created as an offspring of the second-best currency in accordance with the global coin ranking list. However, with the new listings and new blockchain ventures on its agenda, ETC seems to be more than just Ethereum’s fork. Ethereum Classic is finally getting some recognition in the crypto community.

Coinbase Announces Ethereum Classic

To understand the momentum revolving around getting an ICO listed on Coinbase, we just need to reflect on the fact that Ripple, one of the top three currencies in the cryptoverse, is aiming at getting listed on this exchange platform.

Besides from having listed only Ethereum, Bitcoin Cash, Litecoin, and Bitcoin, by far, so Ripple foundation feels like their XRP currency belongs on one of the top exchange platforms in the US.

Although XRP might be eligible to get listed on Coinbase, the team behind one of the biggest exchanges in the world turned their heads elsewhere, announcing that they will be adding Ethereum Classic in the following months.

This is maybe one of the most important events the ETC has become a part of for the past couple of months and further, so it is no wonder that Ethereum Classic got to see a flattering rise in its price the same day the announcement came from the official release on the behalf of Coinbase team.

The marked rise showcased a benevolent addition of 25% of gains against the dollar, which came after the official announcement of Coinbase listing, that way pushing ETC up against all the odds.

Coinbase went forward with announcing this addition to their list of trading currencies to the public even though ETC is still months away, however in their release published back on June 11th, the team stated that the public announcement of the listing makes up for a part of the process they always follow during each new currency they are planning on adding to the list of live trading assets.

In their official release for Medium, Coinbase stated on June 11th that the team is currently at step 4, which means that they are in the middle of the engineering process for adding support for Ethereum Classic, after which the technical support for ETC will come, followed by the official announcement from Coinbase.

The announcement and the launching of ETC on their official live trading list of coins will come as the fifth step in their process of adding new coins to their exchange, after which Ethereum Classic should get an official listing on Coinbase.

Coinbase added that the final date when ETC will become available on their list is still to be announced.

Ethereum Classic Gets More Listings                                           

After having the Coinbase listing announced two weeks ago, Ethereum Classic was brought to attention when ETC got two more listings which were announced several days ago.

On June 22nd, the announcements on having Ethereum Classic listed on CoinBene and Novaexchange went in public on Twitter, which added more momentum to the story of Ethereum Classic getting announced to be listed on Coinbase.

Novaexchange and CoinBene are no Coinbase that is for certain. For example, Novaexchange was brought into question for more than several times during the last year when it was doubted that this exchange was actually a scam.

Since these allegations seem to have not gone further than being false accusations, Novaexchange is still successfully operating, while based in Sweden.

CoinBene, based in Singapore, is another one of the announced listings for June, which might contribute to the overall exposure of ETC in the market.

Ethereum Classic Announces RADEX

RADEX was announced as the first decentralized exchange exclusively designed for Ethereum Classic.

The decentralized exchange dubbed RADEX was entirely manufactured by Saturn Network, with the launching date set the latest for June 24th, while the team ETC released the decentralized platform as previously scheduled.

RADEX will be the first decentralized exchange based for the operations with ERC233 tokens, however, the platform will not only be handling transactions but will also have the needed tools to ensure easy interacting with smart contracts.

The exchange is said to have 0% fees, which contributes to its decentralized nature, while also supporting the expansion of ERC233-based tokens.

Ethereum Classic (ETC) Performance

Ethereum Classic, alongside with over 80% of currencies can be seen progressing in the market while following the latest benevolent market trend.

With the recent change in the market, ETC has seen an amazing set of gains by reaching a bit over 12% against the dollar in the last 24 hours.

After the latest change in its price, ETC can be purchased at the price of 15.80$.

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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

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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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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