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How Ethereum Classic ETC managed to beat Ripple XRP in the race to being listed on Coinbase

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Whether you like it or not, the Coinbase effect is real in the crypto space. As 2017 came to a close, the rumor of Ripple getting listed on Coinbase resulted in a spike in the price of XRP such that the coin hit unprecedented highs of almost $4 per XRP. Obviously, with the market dip that came almost immediately, XRP market price has corrected ever since and is now priced at $0.54 per XRP.

ETC to be added to Coinbase

Just recently Coinbase made an announcement on their blog about their intention to add Ethereum Classic to their trading and cryptocurrency exchange platform. The announcement that came about on Monday this week hit the crypto space by storm leaving most dumbfounded over how Coinbase made the move to list ETC and not one of the top altcoins like RippleXRP.

Ethereum Classic is now on its way to being the fifth cryptocurrency supported on Coinbase (one of the most popular crypto trading and exchange platform in the US). What took most by surprise is the fact that coins such as Ripple have been gunning for the coveted position of being listed on Coinbase yet Ethereum Classic (listed at position 18 on CoinMarketCap with a market cap of $1.6 billion) managed to beat the competition.

ETC price spike

In fact, right after the announcement, the price of ETC went up by over 20 percent going from $12.81 to $16.40, in a span of about 24hours. This happened even before Coinbase was able to put out a specific date for when ETC would be listed on the retail brokerage platform.

According to the announcement, ETC will be added to Coinbase’s Custody platform, Coinbase Markets, Coinbase Pro, Coinbase Prime, and, Coinbase Asset management in the coming months. Coinbase has reportedly been pushing to get registered by federal registration as an alternative trading system and investment adviser. This will allow the company to list more cryptocurrencies to its exchange.

Coinbase move to pick ETC instead of XRP

Coinbase is known to be super choosy over the coins it supports, however, a couple of reasons as to why they decided to support ETC over other viable options like Ripple XRP are evident. To begin with, ETC (unlike XRP) is a fully decentralized cryptocurrency that was forked from Ethereum after an attack that saw investors lose money on the Ethereum platform. Although IOHK is currently in charge of running the Ethereum Classic Blockchain, ETC remains to be an open source Blockchain project that is transparent and stable. Perhaps it’s the decentralized, stable and transparent nature of Ethereum Classic that has made it worthy of being listed on the giant brokerage firm.

Is XRP a real cryptocurrency?

This is not to say that XRP is unstable. It’s just that Ripple XRP, operates on a centralized framework whereby it cannot be mined and transactions are verified by a centralized Blockchain framework controlled by Ripple labs (the company). It’s for this reason that most cryptocurrency enthusiasts do not consider XRP a “Real Cryptocurrency.”

However, there might still be hope for XRP to be added to Coinbase considering reports that Coinbase might be moving base to Japan where cryptocurrency regulations are much more lenient than in the US. Plus Coinbase has also promised to add more ERC20 cryptocurrencies in the future. Whether XRP makes the cut will be something we have to wait and see.

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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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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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