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Incredible things have started happening for Ripple, HODL your XRP tight!

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The Ripple’s XRP token has been pretty much in the spotlight during the last couple of months because of a huge controversy regarding the veracity or not that the crypto is going to be classified as a security by the Securities and Exchange Commissions (SEC). However, as it was to be expected the company Ripple Labs struck back and came up with the deployment of a variety of strategies to give a crystal-clear declaration on the matter.

Like this, the first move was nothing less than the differentiation between Ripple the company, and the XRP token. Let’s recall that not so long ago the term “Ripple (XRP)” was largely used by the community for referring to the third largest crypto of the market, which, of course, is the main fact behind the misunderstanding and the tendency to link the achievement of products such as xCurrent or xVia to the crypto itself.

As a result of the differentiation, Ripple Labs has been working tirelessly to dispel the rumors and to show the cryptosphere all of what the crypto has under the sleeve to get to the top in a matter of a short time. Let’s see the latest updates of the Ripple’s coin, XRP, and all that can be expected in the near future!

Partnerships and endorsements

One of the biggest achievements of the recent days for the XRP token is definitely the addition of the coin to the platform Bitcoin Superstore, a website on which users can buy items in several retailers such as Amazon, eBay, and others with the use of cryptocurrencies.

The announcement came on August 5th in a tweet of the Bitcoin Superstore that reads:

In the same line, another outstanding alliance is the one that Ripple deployed with the wallet and exchange, Wirex, a relationship of which resulted in the addition of XRP as a support for a Visa prepaid credit card. The engagement has triggered an increase in the number of transactions and sign-ups of the token, which of course, respond to the possibility of paying using Ripple’s XRP now.

For its part, when it comes to endorsements, XRP has received a lot of attention lately from the most renowned institutions of the cryptosphere. We can count amongst them the approval that the independent rating firm, Weiss, made on Twitter about XRP with a message that read:

The same way, the Philippines based payment network Coins.ph is adding XRP to its platform for allowing its users to pay their bills using the XRP token. And Bittrex for its part announced that XRP would be added to their platform on August 10th in the company of Ethereum Classic (ETC) (so that’s done too).

Conclusion

Good things are coming for the XRP token. In fact, SBI Holding Chairman – Yoshitaka Kitao has foreseen that the price of the token will reach $9 by the end of the year, a fact that sounds a little difficult considering the present behavior of the coin (and whole crypto market). Would it be possible for Ripple’s XRP to reach the $9 mark? Only time will tell. Stay tuned!

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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.

Image courtesy of Pixabay.com

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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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