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Ripple (XRP) and the Ethereum (ETH) Rush – Catch It While You Can - Global Coin Report
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Ripple (XRP) and the Ethereum (ETH) Rush – Catch It While You Can

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Ethereum
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Coin market capitalization soared over the past 24 hours, touching US$450 Billion for the first time since early March. And with it, in an eerily familiar pattern reminiscent of the burgeoning market of late 2017, Ethereum (ETH) jumped over ten percent in value as the main beneficiary of investor cash.

With the onslaught of blockchain developments threatening to challenge Ethereum’s (ETH) crown, it is easy to forget that many of the most capable competitors to this smart contract ecosystem are still ERC 20 tokens themselves. With the likes of Cardano (ADA), Icon (ICX) and EOS (EOS) gearing toward the release of their ‘Ethereum killer’ blockchains, it may seem counter-intuitive that the aging infrastructure brought to you by Vitalik Buterin is still receiving the most attention from the common investor.

But if you remember the volatility of early 2018, you may also remember a key insight into why this is occurring, and what will likely follow. It isn’t too far of a stretch to expect the same coins that did amazingly well at the beginning of the year to again rise with this new influx of market wealth. Ripple (XRP) now looks ready to take full advantage of this very situation.

Ripple (XRP) has long been a favorite of the altcoin scene, having skyrocketed (and subsequently fallen) earlier this year on rumors of its inclusion onto Coinbase. Since falling back to earth, this giant of the banking industry has been steadily climbing alongside the market as a whole, dominating news cycle headlines while planning it’s next moves forward.

That next move is now clear. Ripple (XRP) has suddenly reignited its own smart contract platform known as Codius. This secretive and long-shelved project from the banking titan has seemingly been revived just in time to take advantage of the coming bull run. Now in its Beta phase, Codius promises an ecosystem for dapps and smart contracts outside of the realms held tight by Ethereum (ETH) and Bitcoin (BTC). And with Ripple’s speed and costs already challenging these top contenders, an independent and well coded smart contract ecosystem may send Ripple (XRP) skyrocketing back to its all-time highs before the end of summer.

Moving currencies from Coinbase and Bittrex, etc. to the variety of altcoin exchanges available to consumers has become the norm. Ethereum (ETH) with its speed and relatively low costs, has become the favored medium by which this movement occurs. For the typical investor, eager to reach out to the multitude of altcoins available on secondary exchanges, transferring his/her Ethereum (ETH) (or at least a portion of it) for reallocation into the altcoin world we all now live in has become commonplace. The Ethereum transferred to the likes of Binance et al. will be re-disbursed shortly, mark my words.

And the next currencies in line to benefit from the rise in Ethereum (ETH) will be the same coins that rose under similar conditions during the last market bull run. Leading this pack-of-wolves will be the savviest players, aware of the intricacies of market movements, thirsty for the fresh blood of a new investor class. And while a number of ERC 20 tokens will surely make gains as Ethereum (ETH) cools in the coming day(s), Ripple (XRP) stands ready to feast like an alpha male at this brand new market-banquet.

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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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VOLUM uncorks its track and trace platform for global alcoholic beverage producer ISBG

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VOLUM onboards global wine and spirits producer, ISBG, to simplify its supply chain process with a track-and-trace platform that digitizes and reduces traditional paperwork

 

ESTONIA — March 2019 — VOLUM, the blockchain ecosystem for enterprises, is announcing that ISBG, a global producer of alcoholic beverages incubator, is partnering with VOLUM to implement its platform into its sales and distribution process. The VOLUM platform digitizes and simplifies both traditional paperwork and the supply chain process, using its operational smart contracts.

 

A supply chain can be a difficult process to track and trace. A comprehensive system of organizations, activities, information, and resources have to be accounted for, not to mention the overwhelming amount of paperwork. So, what’s a large corporation to do, if it truly wants to accelerate its supply chain while cutting back on paper waste? VOLUM has developed a blockchain framework that allows enterprises to convert traditional paperwork into a digital process while safeguarding all transactions and steps within a company’s supply chain.

 

VOLUM leverages blockchain technology with an ecosystem that is specifically designed for farmers, manufacturers, distributors, public utilities, governing agencies, financial institutions, and IoT data hosts. The VOLUM…

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Blockchain-Focused ETF Arrives on London Stock Exchange

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blockchain-focused ETFs
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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Jeff Bezos
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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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