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eToro will Offer Ripple (XRP), Bitcoin (BTC) and 8 Other Cryptos

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A crypto trading platform from Tel Aviv, eToro, has recently announced that it plans to open its doors to the investors from the US. The investors now have a chance to join the waiting list and try out the platform via demo account.

eToro opens up towards the US investors

A famous digital currency trading platform called eToro plans to expand its list of investors by allowing the US to join in.

The platform started a waiting list on Tuesday, May 15, and those interested to join in are free to do so. They will receive a demo account that will allow them to try out the platform, and perhaps decide to stay when all of its services are completely available later in the year.

Yoni Assia, Chief Executive Officer and a co-founder of eToro, has stated that the platform will offer 10 currencies – Bitcoin, Ripple, Ethereum, Stellar, Litecoin, Dash, NEO, Bitcoin Cash, EOS, and Ethereum Classic. Each of these can be exchanged for another currency, or alternatively, for the US dollar.

Assia also stated that the platform will mostly be focused on investors as individuals, and that eToro already has over 10 million users in the Middle East, Europe, and Asia. The platform has also managed to raise over $162 million when it comes to capital funding.

He added that eToro plans to focus mostly on user-friendliness and simplicity of the platform so that everyone would feel welcome to join. The plan is to attract as much diversity as possible, and make eToro a truly global trading platform.

What can the platform offer currently?

US investors who decide to join the platform will be able to get access to the crypto market via one of three ways. They can either invest in coins manually, copy the trades of the other investors so that they would benefit from their experience, or via an investment into the Crypto CopyFund. Due to the fact that some coins have a disputed status, it is believed that the US traders might have the biggest issue when it comes to actually owning the coins.

eToro’s USA Managing Director, Guy Hirsch, has stated that the movement towards a tokenized world is gaining more and more speed, and platforms like eToro need to let assets investors. With their experience and knowledge, and the platform’s capabilities, the platform can help others educate themselves about cryptos, but also help create a stable crypto society.

Those wishing to invest will have to meet the set minimum of $25. Investors will be able to use ACH and debit card during the launch, but also at the later date, once eToro finishes the supporting system.

In the US, the trading platform will have a base in New Jersey and will be registered as a money transmitter with the FCEN (Financial Crimes Enforcement Network). Europe’s branch of eToro is already regulated and authorized by Cyprus Securities Exchange Commission. The same goes for the eToro in the UK, which is regulated and authorized by the FCA (Financial Conduct Authority).

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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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Altcoins

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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