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Keep HODLing BTC, ETH, XRP, TRX and others. Traditional Stock Exchanges Are Moving Into Crypto - Global Coin Report
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Keep HODLing BTC, ETH, XRP, TRX and others. Traditional Stock Exchanges Are Moving Into Crypto




The term HODL is a trademark of any seasoned crypto enthusiast, trader, and believer. It has been used vastly in the last 6 months to signify the bravery of watching the crypto markets spiral out of control without having the urge to cash out and run for the hills. Some have even made interesting memes and gifs that include scenes from Mel Gibson’s movie known as Braveheart. The HODLers faith and belief in a better and bullish crypto market might be bearing fruit with the recent talk about Bitcoin (BTC) bouncing back due to institutional investors wanting a piece of the profits crypto traders and exchanges are making.

One such traditional stock exchange aching for a piece of the action in the crypto markets is Swiss-based SIX. The exchange plans to offer fully integrated trading, settlement and custody infrastructure for digital assets. SIX is regulated by Swiss Authorities as an operator of Financial Market Infrastructure (FMI). Two other entities regulate SIX. These are FINMA (The Swiss Financial Market Supervisory Authority and the Swiss National Bank.

Jos Dijsselhof, CEO at SIX is quoted as saying:

“This is the beginning of a new era for capital markets infrastructures. For us, it is abundantly clear that much of what is going on in the digital space is here to stay and will define the future of our industry.”

Therefore, through this declaration by SIX to offer crypto trading services, the Swiss government has officially endorsed cryptocurrencies as investments. We all know that the Swiss banking system is where all the big money is. Lots of Hollywood stars, oil billionaires, and trust funds, have Swiss banks handling their money. This means such high net individuals and institutions can opt to diversify using SIX to tap into the crypto markets.

There you have it, ladies and gentlemen. Keep HODLing. The big bull run is coming in the crypto markets. One is tempted to speculate that the current low levels are intentional so that the above traditional exchanges can stock up on their own cheap BTC, ETH, XRP and the rest, as they gear up to offer the known crypto exchanges some competition.

One of the factors that is enticing traditional stock exchanges into the crypto industry is the vast profits crypto exchanges are making through trading fees. Binance for one was only set up a year ago and its CEO is predicting $1 Billion in profits for the year ending 2018.

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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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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise




The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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Crypto Market is Not Free from the Bearish Trend Yet




Investors and traders are still speculating over the bullish trend that shook the market this past seven days. However, amidst the joy of the price hike in the industry, some people are still cautious. A crypto trader with the twitter handle of BTC_Macro is advising other players in his tweet to be careful. According to him, the bearish cryptocurrency market is not over yet.

In the tweet, the user admonished players in the market not to listen to the people saying that the bears have given up. It went further to say that Bitcoin may still plunge uncontrollably anytime even if it breaks the $6K mark. When this occurs the twitter user continues, any scenario may occur. The advice is that players in the crypto market should be on the neutral side. According to the user, it is not safe to be on the bullish side or the bearish side. Instead, players should be on their toes without bias.

How Trader reacts to price movements

Over time, it has become evident that many traders usually go against the market majority during bearish or bullish trends. Well, there is usually some logic backing up the reactions.

It is true that we have seen the longest bearish trend in the history of cryptocurrencies. Everybody who has a stake in the crypto market is expecting the day of the bull’s rise…

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The Interoperability Problem of Blockchain May Soon Be Over




Crypto traders have certainly had a rough time since early 2018. The markets have tanked resulting in large losses for nearly everyone involved in the market. While that’s bad, what’s even worse is the fact that many projects have failed to deliver on their roadmap. Blockchain technology has been hailed as the next great advance in technology. And while many companies are making strides toward fully implementing blockchain-based technology, there is still a long way to go. As promising as blockchain technology is, there are still limitations that need to be addressed.

Limitations of Blockchain Networks

Although blockchain technology is certainly the future, the existing technology will need to be improved before it can go mainstream.  A few of the current limitations include:

  • Limited Scalability – Blockchain networks have consensus mechanisms that require each node to verify a transaction. This verification requirement slows down the network and limits the total number of transactions that can be processed.
  • Limited Usage – Each blockchain network was created with specific usage in mind. Because of the limited number of use-cases, each network eventually suffers from a never-ending loop of limited adoption. In the end, this causes low awareness.
  • Lack of Interoperability – At present, individual blockchain ecosystems are unable to communicate with each other. If a blockchain network attempts to retrieve information from an external (outside the “chain”) source, each node would have to…
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