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How Ripple passed on being the Ethereum of Crypto




Ripple and Ethereum have been at it for quite some time to the extent of exchanging positions occasionally during volatile market movements. Since they are both altcoins, the question of whether they will ever amass enough momentum to beat Bitcoin has not been a major topic in the crypto space. Everyone simply assumes that Bitcoin (being the pioneer cryptocurrency) will maintain its position at the top. After all, Ethereum and Ripple’s market capitalization are only a fraction of Bitcoin’s market cap. But could these two altcoins manage to compete against each other for the top spot in future? Well, let’s find out.

How Ripple and Ethereum compare

In comparison to Bitcoin, Ethereum comes much closer than Ripple, and with good reason. While Ripple is believed to be the technology that enables fast cross-border transactions, Ethereum is believed to be the future operating system for all things Blockchain.

In fact, Ripple’s centralized approach and close ties with traditional financial institutions have rendered it the black sheep of the crypto family. Essentially, there has been lots of criticism from cryptocurrency and Blockchain purist saying that XRP is nothing more than a centralized platform that goes against the ethos of the crypto revolution.

Even though this has stagnated Ripple’s growth among cryptocurrency enthusiasts, it has propelled growth for Ripple in terms of partnerships with banks and other traditional financial institutions.  While in the search for innovation and efficiency the banking industry has embraced Ripple as a more cost-effective application of Blockchain technology that maintains a centralized approach.

If Ethereum and Ripple were to battle it out for the top spot, the fact that Ripple has a better chance with traditional financial authorities could be a critical factor that would determine the outcome. Considering the over-regulation of cryptocurrencies that is currently going on, Ripple stands a better chance of being the favorite cryptocurrencies for leading financial institutions.

How Ethereum would go against Ripple

However, Ethereum would not go without a fight. Ethereum boasts of smart contracts that present a technical advantage over Ripple. Various experts on both sides of the spectrum already acknowledged the revolutionary capacity of smart contracts as a reconciliation technology with numerous potentials.  Smart contracts have triggered a buzz as they are capable of enabling businesses to create their own smart contracts with minimal legal and technical operations so as to transact with other entities at the highest level of efficiency.

In fact, one of the early pioneers of smart contracts was a former CTO at Ripple called Stefan Thomas. He was part of the team that worked on developing the first smart contract on Ripple’s Blockchain after a round of discussions with Vitalik Buterin (Ethereum’s founder). While the ripple team underestimated the capacity of smart contracts at the time, Ethereum’s founder took up Ripple’s key value data and built it into Ethereum. Perhaps if the Ripple team took up the daunting task of building Smart contracts on XRP’s Blockchain, Ethereum would be the third largest cryptocurrency while XRP would be a runner-up to Bitcoin.

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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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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service



TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore



loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors




When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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