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Monero (XMR) opens its ledger-to-ledger mainnet transactions account

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Monero
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It is good news for all Monero users as the current developments seem to tic to the positive. It has happened that Monero support finally has come to the ledger hardware wallet. Congratulations Monero users!

In fact, it is not something that has happened within a blink of an eye as the feature has been under development for a period of time now. Reccardo Spagni, the chief code maintainer confirmed just recently that everything is set for Monero (XMR) to receive the support from Ledger, the manufacturer of crypto hardware wallet officially.

And now shortly after that, the privacy-focused altcoin, Monero, has opened its account for the ledger-to-ledger mainnet transactions successfully. Despite the fact that there is still some work that needs to be done, it collectively is an excellent step towards positive development.

The significance of the ledger hardware wallet is what even makes the Monero development impressive as a whole with all the consideration in the popularity of the Nano S across the globe. It is confirmed that the first transaction of XMR got completed successfully.

Subsequently, as of now, XMR hasn’t been supported by the developers as it’s not an official project for the team yet, however, that integration is being worked on. Interestingly, a ledger developer had been working on the integration solely putting together the working code for the currency integration for a few months now — although it is yet to be completed.

The transaction went down incredibly smooth as a user sent a Mainnet transaction to a different ledger owner, and like other transactions that are hardware-based, it was completed with ease without special trickery involved (which is a positive sign, always). That said, large-scale transactions are not advised at least for now.

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Only that remains to be seen is when the Monero integration will come officially to this ledger wallet as it can be today, a week or even a few months. But one thing is for sure that things are pointing towards the right direction with all the real-time transactions.

Consequently, this indeed is an interesting development worth keeping an eye on as we move forward, and as a whole, Monero will definitely gain more legitimacy now – thanks to ledger wallet support.

We will be updating our subscribers as soon as we know more. For the latest on XMR, sign up for our free newsletter!

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.

Image courtesy of Dave Sandford via Flickr

Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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