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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

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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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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