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Here Are 4 Reasons To HODL VeChain (VET) for the Second Half of 2018 - Global Coin Report
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Here Are 4 Reasons To HODL VeChain (VET) for the Second Half of 2018

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VeChain
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Global Coin Report has been keeping an eye out on VeChain (VET) and things look like they are looking up for the coin that just migrated to its own blockchain. The Mainnet is live and running giving us one reason to HODL VET for the foreseeable future. The VeChain Thor (VET) platform has been slated as being the best of the best in the crypto-verse. Not many blockchain projects make it to the Mainnet phase and actually release an actual blockchain platform. But VET had all the signs of a good project from the get-go.

There are official reports of the Chinese Government partnering with the project. In particular, the government of the Gui’an New Area of China. As part of the plan, VeChain will implement blockchain technology to improve government operations for the development of a smart city in Gui’an. If plans work out at Gui’an, then it is all systems go for possible VET adoption in other areas in China thus giving us a second reason to HODL VET.

In addition to the partnership with the government of Gui’an, VET was part of a Pricewaterhouse Cooper incubation program. The PwC company has constantly backed the project with its arms of business in China and Singapore. Through PwC, VET will have access to expert advice to enhance the project’s growth in the greater South East Asia region.

VET has also partnered with DNV GL, a global quality assurance and risk management company. Another VET partner is Kuehne and Nagel which is a Supply Chain and Logistics company. Other partners include BitOcean, Fanghuwang and other firms in the industries of real estate, art, automobiles, tobacco, just to name a few.

The third reason to hold VET is the VTHO distribution that will happen on a daily basis. Two prominent exchanges will be supporting the distribution of the VTHO: Binance and Gate.io. The frequency of each is monthly and weekly respectively. The exact formula for calculating VTHO can be found on page 38 of the VeChain whitepaper. Any additional tokens for owning VET is a good deal as more and more exchanges pledge their support for the VTHO distribution.

The fourth and final reason to HODL VET is that the crypto-markets are ripe for another Bull run with Bitcoin (BTC) leading the pack as usual. VET is currently trading at $1.99 and at its lowest levels this year. This means that HODLers have a chance to get some more VET before the BTC Bull run starts as we head into the holiday season that starts in November. The Bull run will also be fueled by news of more institutional investors getting into crypto investing.

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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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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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Bitcoin
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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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