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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.

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

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We know what the Institutions are saying, but what are they doing?

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institutions
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Many of us hear that institutions are buying tons of BTC, XRP, and other top 20 cryptocurrencies.  The thing is how much truth really is there to that when we cannot even see the market moving in any direction other than on a downtrend. Right now, many do not know this but there is the OTC or the over the counter exchanges that exist. These exchanges like OTC trading desks do the trades off the market hense over the counter. This means that it functions in the same way the black market functions as when you sell these items it is essentially off the books so to speak.

Why does all this matter? Have any of you seen this VIDEO with Tekka Tiwari. Here he explains what I love to say as listening with your eyes. He goes on to show how Wall Street legally manipulates the market, they throw out in the media and go into the limelight and bash the said stocks, or bitcoin. The result is that of them falling drastically as many panic sell the asset. While everyone is selling off tons of their assets when it gets close to the bottom, similar to where cryptocurrency is currently they buy it in droves. He explains how this is exactly what happened in the…

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Why Is Coinbase Stalling With XRP?

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Coinbase
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For a cryptocurrency project, getting their coin to Coinbase is one of their biggest goals. However, the popular exchange has become infamous over the years for only accepting a handful of top-ranking coins, while other ones were deemed unsafe for listing for various reasons. In the first half of 2018, however, Coinbase decided to distance itself from this old way of looking at things, and it has even announced that it will look into numerous altcoins, in order to locate and list the best among them.

Since then, the exchange has kept its word, and while it did not add dozens of new coins, they still did open up to a few projects, such as 0x and even Zcash.

However, for all this time, there was no mention of XRP, a cryptocurrency formerly known as Ripple, which is currently the second largest coin by market cap. Despite high demand, constant requests, and alike — Coinbase did not even consider adding XRP.

That is, until several days ago, when numerous reports of Coinbase considering another group of altcoins emerged. While the XRP community was very excited to see XRP listed as a candidate for a potential listing, many believe that it is still not going to happen.

Why Coinbase doesn’t want to add XRP?

As mentioned, the XRP community has been asking for the addition of XRP for…

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Why 2019 Will Be A Big Year For Crypto

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crypto
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As 2018 is getting close to its end, a lot of crypto investors are turning their gaze towards the future. Considering the crypto bearish trend that has dominated this entire year, not to mention two big market crashes, it is of no surprise that everyone is more than ready to leave these harsh events behind.

However, a few questions still remain unanswered — what to expect in 2019? Is the situation going to change, or will there be just more of the same? Is investing now, when the prices are low, a good idea? These are the issues on every investor’s mind right now.

What to expect in 2019 in terms of crypto value?

Understandably, after a year such as 2018, expectations of the future are quite high. The crypto scene is still in its infancy, as many analysts have stated numerous times. Add a few more issues, such as regulatory uncertainty, mistrust coming from institutional investors, and constant hacks, scams, and theft that have been a significant factor in this and previous years, and it’s no wonder that the market keeps crashing.

However, there is more to it than that. Due to high volatility and no real control over cryptocurrencies, a massive bull run of 2017 brought cryptos to heights that were not supposed to be reached that early. Because of that, some analysts claim that, what…

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