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Here Is How Coinbase is Finally Warming Up to Ripple’s XRP

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XRP
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The conversation and speculation of Coinbase finally listing XRP has been a topic of discussion in the crypto-verse from as way back as December 2017, when the crypto-markets were literally firing on all cylinders. This talk of Coinbase adding XRP made the latter digital asset so famous, that it peaked at levels of around $3.80, but only to drop in value till the current levels we are seeing of $0.43.

But things are looking up for the digital asset that is the fan favorite of many HODLers. Coinbase, through its Custody service, has announced plans to support XRP and other 36 digital assets. The Coinbase Custody service is meant to be a secure storage service for institutional investors and high net individuals who want to store their large sums of digital assets in a secure place that has the comforts of a regular bank vault.

Coinbase announced the following with regards to the new support of the 37 digital assets to its storage service:

“Coinbase Custody is exploring the addition of many existing and forthcoming crypto assets for storage only, and will be working to add them as quickly and safely as possible. At this time, we have not yet considered these assets for trading. We are making this announcement internally at Coinbase and to the public at the same time to remain transparent with our customers about support for future assets.”

The 37 digital assets are as follows:

  1. Cardano (ADA)
  2. ZCash (ZEC)
  3. Stellar (XLM)
  4. XRP
  5. EOS
  6. Monero (XMR)
  7. VeChain (VEN)
  8. Tezos (XTZ)
  9. Qtum (QTUM)
  10. Bytecoin (BCN)
  11. Bitcoin Gold (BTG)
  12. Decred (DCR)
  13. Bithsares (BTS)
  14. ICON (ICX)
  15. Ontology (ONT)
  16. STEEM
  17. Dogecoin (DOGE)
  18. SiaCoin (SC)
  19. Wanchain (WAN)
  20. Nano (NANO)
  21. Telegram
  22. Filecoin
  23. TaTaTu
  24. Dfinity
  25. Blockstack
  26. Basis
  27. NEO
  28. DASH
  29. NEM (XEM)
  30. TrustToken
  31. Hedera HashGraph
  32. TokenCard
  33. Polkadot
  34. Kik
  35. Props
  36. Origin
  37. Foam

With this news, the cryptocurrency exchange of Coinbase has more or less opened its gates to finally listing XRP and the above 36 other digital assets on its crypto exchange. This is due to the fact that their high net clients will want an easily accessible exchange to trade their digital assets locked up in the Custody service. What better efficient way than to have an integration into a crypto exchange?

In conclusion, and even with a bear market, the signs and signals from all over the crypto-verse indicate increased interest by Institutional Investors to get into the crypto industry with both feet. One is tempted to predict that by the same time next year, the crypto-markets would have surpassed the $1 Trillion total market capitalization. But let us stay in the present and think of ways of stocking up on the relatively cheap digital assets before they all aim for the Moon.

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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

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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