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Reddcoin shuts down criticism by partnering with Phore

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Reddcoin
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Over the past few weeks, Reddcoin has been laying low with only a few mentions in the crypto tabloids. Currently ranked among the top 100 cryptocurrencies on CoinMarketCap, Reddcoin has a market capitalization of about $140 million. The coin has been dropping steadily from its January high of over 900 million in market capitalization due to the dipping cryptocurrency market. However, most critics have moved to dismiss this social currency claiming that it has been overshadowed by the advent of new, faster and more robust cryptocurrencies that make it easy for the general public to spend crypto online.

Reddcoin’s counter move

To counter the opinion of critics, Reddcoin has managed to partner with Phore Blockchain in an effort to integrate RDD into eCommerce enabled Blockchain ecosystems. With this newfound partnership, Reddcoin will not only be used for tipping but will also deliver real-world use cases for buyers and sellers online while also enabling flexibility in online marketplaces.

Basically, Phore is a Blockchain that enables easy, flexible and reliable transfer of valuable assets across a network. Apart from having its own Blockchain, Phore also boasts of its own cryptocurrency(PHR) as well as a decentralized marketplace that is still in its beta stage but available for downloads and ready for use. Furthermore, Phore also has a flexible smart contracts platform not to mention a reward for participation program where platform users get an interest payment for using the platform. Eventually, Phore’s open beta marketplace is set to be a game changer and the partnership with RDD will see the two entities thrive by combining their collective user base.

The team’s response to the partnership

According to Thomas Ambler, who is a co-CEO at Phore Blockchain,

Phore’s partnership with Reddcoin will create more flexibility to buy and sell goods and services in the Marketplace for holders of both PHR and RDD, as well as give vendors more options as to which currencies to accept

Over the past few years, e-commerce has become quite popular with a variety of items available for buying and selling in online marketplaces. Reddcoin and Phore are looking to build a scalable and flexible marketplace with reliable, fast transaction between platform users.

John “Gnasher” Nash (the CTO of Reddcoin) has also expressed his appreciation for the partnership by saying that Reddcoin is “very excited about the partnership with Phore Blockchain and what it brings to the Reddcoin community”

Other Reddcoin developments

Apart from the partnership with Phore, the Reddcoin team has also been at work collaborating with Lindacoin. Lindacoin is an anonymous cryptocurrency that uses 70% proof of stake and stealth addressing to mask and secure transactions. By working together, the two cryptocurrency entities will enable RDD holders to stake RDD on their mobile devices while earning staking rewards.

Additionally, Reddcoin has been identified by the BITA 50 Crypto market index a one f the quality cryptocurrency projects currently available. This is one of the indexes mostly used by researchers and top institution to find worthy Blockchain and cryptocurrency projects. Reddcoin’s inclusion into the BITA 2018 index is a clear sign that RDD is alive and well with more developments to come in the future.

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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

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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Hodium
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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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