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Johnny Depp to portray Ripple (XRP) multimillionaire Matthew Mellon in a biopic

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We can all agree that in the crypto world, in a manner of speaking, nothing seems to be more ambitioned and desired than the validation of the ‘real world’. In fact, it results notable how certain cryptocurrencies in the market such as Ripple (XRP), Litecoin (LTC), or even Tron (TRX), are constantly in the seek of building up this sort of ‘bridge’ to diminish the friction that several cryptos experience when it comes to getting to the masses, one of the main issues that the sector still needs to work on.

However, it is precisely in terms of validation that the crypto world would be surprised (and very happy) with the encouraging news that one of the greatest artists of the seventh art, Johnny Depp, maybe playing the crypto-related multimillionaire Matthew Mellon in an upcoming biopic that will show the life of the businessman and his relation with the crypto world. Hollywood meets the crypto world sounds so fascinating, right? Let’s see all the details behind this.

Matthew Mellon life and investments

Matthew Mellon was a businessman who was born in New York City in January of 1964, he was related to the Drexel University and the Carnegie Mellon University, both of which are campuses founded by his family. In this matter, a total worth of $25 million was inherited by him at the age of 21, money that later was used to make several investments among which the most remarkable one was the $2 million that he invested in Ripple’s XRP, a move that granted him with the title of ‘billionaire’.

Mellon obtained a profit of $1 billion dollars with the third largest cryptocurrency of the market, the infamous crypto created by Ripple Labs. Let’s recall that the XRP token saw incredibly positive changes in its prices once it was introduced in the market, the specific time in which Mellon decided to place his bets on the crypto.

In regards to his life, not everything was rosy for the businessman. In fact, he was diagnosed with bipolar disorder, and he was known as well to be involved with drugs and alcohol problems, one of the reasons that took him to rehabilitation clinics more than once. He was married twice, being his first wife Tamara Mellon, and the second, the daughter of Robert F. Kennedy, Jr., who was his partner by the time of his death on April 16th in Cancun, Mexico.

He was supposed to get a treatment for an OxyContin addiction when he encountered death in a hotel room after suffering a heart attack produced by the consumption of Ayahuasca, an indigenous natural drug used in religious rituals.

Comments on the XRP billionaire biopic

Nothing has been confirmed yet regarding the actual possibility of the biopic. However, in accordance to the news entertainment portal Page six, the Hollywood star Johnny Depp said to be interested in playing the role of Mellon in a movie inspired by his life.

For its part, Mellon’s family hasn’t declared anything regarding the rumors, but the same Matthew Mellon cracked jokes in several occasions saying that a movie about his life would be something very interesting to watch. Could that be a possibility now? Well, we still need to wait to respond this, but we can all be sure that in case this happens, it would represent a HUGE benefit for the crypto community and not for the Ripple’s XRP only.

What would happen with XRP though? Stay tuned.

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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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