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Ripple Makes it to Hollywood as Ashton Kutcher Makes a $4 million XRP donation to Ellen’s Fund

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If you thought Bitcoin was the only coin capable of getting some mainstream attention, think again. After Ellen DeGeneres got down with Bitcoin explaining Blockchain and the concept of decentralized networks to her audience by comparing the top ranking cryptocurrency with a baby goat, another cryptocurrency is now also having its 15 seconds of fame on the Ellen DeGeneres show. That coin is none other than Ripple (XRP).

Ashton Kutcher Surprise donation with XRP

During the show, Ashton Kutcher (Hollywood actor) appeared as a surprise guest to the daily talk show with a $4million late birthday gift for Ellen meant to be a donation to Ellen DeGeneres’ Wildlife fund. Ellen had already planned out a trip to Africa as an initiative to focus on her passion about wildlife only to get a happy surprise of Ashton Kutcher showing up to make the donation live on the show using Ripple XRP.

Apart from being a renowned Hollywood actor, Ashton Kutcher is also a venture capitalist with Sound Ventures. He made the donation on behalf of ripple as a gesture of ripple’s commitment to integrity and also as a way of giving back.

According to Kutcher, Sound Ventures is already investing in ripple and as Ellen pressed the button to send the money to a bank in Rwanda( where Ellen will be visiting) Kutcher was quick to point out how easy, fast and secure the transaction was unlike the usual check that would take days to clear.

Now, usually people come out with a big giant check and do the ‘big giant check thing’, but we can transfer it into Rwandan Francs right now right here, and all you need to do is push this button

Ashton Kutcher is bullish on cryptocurrencies

Ashton also revealed how he met up with Ripple and realized how Ripple as a company is focused on ethics and generosity.

He said,

So, we were meeting with these folks and were talking to us about the ethics of this company and this platform and how they actually really care about being an ethical company and giving a portion of this platform away to people that are doing good in the world

It is no secret however that Kutcher has for a long time been a Bitcoin bull as seen in his investments toBitPay ( a crypto payment processor). Apart from Ellen’s show, Ripple has also been featured in other shows such as the Late Show with Stephen Colbert. Ripple has been on a streak of actively donating millions to worthy non-profit organizations and the donation to Ellen’s Wildlife Fund is one of many more to come.

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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.

Image courtesy of JD Lasica via Flickr

Altcoins

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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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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