Here Is How An XRP Bull Run Could Begin This August - Global Coin Report
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Here Is How An XRP Bull Run Could Begin This August




The crypto-markets are experiencing some sideways movement at the moment of writing this. The total crypto market capitalization is stagnant at levels of above $250 Billion and currently at $252 Billion. The King of Crypto is having a hard time maintaining levels above $7,000 and is currently trading at $6,996 and down 1.14% in 24 hours. With regards to our favorite remittance coin of XRP, it has dropped by 1.8% in the last 24 hours and currently trading at $0.42.

Looking at how when BTC drops, XRP drops by a similar amount (1.14% and 1.8% respectively), it can be concluded that XRP is tied to the hip with BTC when it comes to market stability. As a matter of fact, the team at Ripple highlighted this fact in their 2nd quarterly report of 2018. They stated the following:

“XRP was notably less volatile in Q2 and XRP’s 9.0 percent price decline was in line with bitcoin’s 8.2 percent decline.” 

This means that once BTC is huffing and puffing in the markets during its highly anticipated Bull run, XRP will also not be left behind. Speculation is high that the CBOE Bitcoin ETF that is pending at the SEC will be approved sometime this year. Some had believed it will be postponed for another year or so, but the recent development of the owner of the New York Stock Exchange (NYSE) launching a Bitcoin market, has rekindled the hopes of an August Bitcoin ETF approval.

Switching our attention to the country of Japan, the SBI Holdings company through its VCTRADE platform is aiming at becoming the number one cryptocurrency exchange in terms of trading volume as well as superior customer experience. VCTRADE is very much XRP friendly. The future plans of the SBI Holdings company can be seen in their recent financial reports that highlight the following plans:

  • Acquiring new customers and retaining them through the provision of superior customer services at a low cost as compared to their competitors
  • Provide the narrowest spreads and high-level security for VCTRADE clients/customers
  • Implement a future services expansion policy that might include commission-free trading of BTC, BCH, and XRP on VCTRADE
  • Provide superior deposit and withdrawal services
  • Support of Ethereum (ETH) on the platform
  • Boost crypto fund businesses with the CoVenture Holding Company: an Asset Management Company based in the US and Co-founded by SBI
  • Start offering cryptocurrency financial derivatives through the Clear Markets Firm in the US. SBI owns a 12% stake and aims at acquiring up to 20%. The Clear Markets Firm provides an over-the-counter derivatives electronic trading service in the US, UK, and Japan

There is also news of Coinbase finally warming up to XRP through its Custody service. This service stores digital assets for institutional investors as well as high net individuals. Coinbase has not confirmed it will be supporting XRP in its storage service, but it announced it was considering it.

In conclusion, the future does indeed look bright for our favorite remittance coin of XRP in terms of market performance and investment products through SBI Holdings. This means that its current price might be the lowest it might be for the foreseeable future. Yes, it is a bear market, but the future looks too good not to buy or HODL some XRP.

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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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3 Reasons Why WISE Token Could Be a Massive Winner in 2021



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After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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The Pros And Cons Of Cryptocurrency




Many facets of our lives are now digitized––money is no exception. 

Have you noticed that paper money is on its way to being obsolete because so many people receive direct deposit and love the simplicity of their debit card? 

Not to mention, cash carries germs, as we’ve heard lots about during the pandemic. Many businesses have turned to card only options in light of this. 

But what about cryptocurrency?

You probably heard everyone raving about it a few years ago, but the excitement’s calmed down quite a bit. That doesn’t mean that it’s not a viable option you should keep in mind. 

What’s Cryptocurrency? 

Let’s start with the basic definition of cryptocurrency so we’re all on the same page. Cryptocurrency utilizes cryptographic methods and complex coding systems to encrypt sensitive information during data transfers. This protects your funds and personal information on a whole different level. 

These transactions are virtually impenetrable due to the combination of mathematical and technological protocols created and put in place. This aspect of cryptocurrency is what makes it safer. Also, the details of transactions are kept private. No one can see who sent what, etc., because those rigorous mathematical and technological protocols protect it.

The Pros: 

Different From Traditional Banking Transactions

One thing people hate about traditional banks is the fact that they can…

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As Global Tensions Grow, Bitcoin Price May Go Higher



BTC Surged Again as A Safe Haven Asset During Global Tensions

  • India – China Border Conflict

After weeks of squabbling and brawling along their long-disputed border, hundreds of Indian and Chinese soldiers engaged in a deadly clash Monday in a river valley that’s part of the region of Ladakh last week. Troops had massed on both sides of the border in recent months in the northern India region of Ladakh and the southwestern Chinese region of Aksai Chin, causing global concerns of a potential escalation between the two.

  • North and South Korea Clash

Last Tuesday, North Korea destroyed the liaison office it jointly operates with South Korea in the city of Kaesong, just north of the demilitarized zone that separates the two countries. 

North Korea also said it would send troops to now-shuttered joint cooperation sites on its territory, reinstall guard posts and resume military drills at front-line areas in a violation of separate 2018 deals with South Korea. Jeong said South Korea will take “immediate, swift and corresponding” steps to any North Korean provocation.

The tensions grown in Asia and the potential “second wave” of coronavirus in the United States may add more difficulties to the global economic recovery. Thus, Bitcoin, as a safe haven asset, attracts more investors to buy and hold. 

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