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Ripple (XRP) Gets Closer to Mass Adoption with a $50 Million Donation

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Ripple seems to be more serious than ever when it comes to mass adoption. News revolving around XRP and the Ripple Foundation is constantly hitting the headlines around the world wide web. Starting with a $4 million donation on the Ellen DeGeneres Show from Ashton Kutcher, there came another donation with Ripple standing behind it as a generous sponsor. This time, $50 million will be donated for the purpose of speeding up the adoption of blockchain technology, and the donation will be split among 17 universities.

Ripple Going Towards Mass Adoption: Donates Millions

Ripple has made yet another great move towards speeding up the adoption of blockchain-based technology, while specifically aiming at having Ripple’s technology massively adopted obviously as soon as possible.

As we have had a chance to heard more than several great news revolving around Ripple and Ripple foundation for the past several weeks, including the latest revelation of having OnePay FX launched with Ripple’s technology as the spinning wheel of the first mobile crypto payment service launched by Santander, which is one of the most prominent banks in the United Kingdom.

Several days ago, around May 23rd, Ripple was also heard of by millions of viewers on Ellen’s show broadcasted on NBC on Wednesday, when one of the Hollywood’s gems, Ashton Kutcher, has donated 4 million dollars in charity to Ellen.

The donation was made in XRP and Ellen could demonstrate the transaction speed needed for the transaction of 4 million dollars to be completed in a matter of seconds in front of the live audience and the viewers watching the show from the comfort of their living room.

The most recent donation made by Ripple is going to make 50 million dollars; however, the donation won’t be given away in XRP like the one that Ashton Kutcher donated on behalf of Ripple several days ago. Ripple will be donating this sum in fiat currency while 17 universities around the globe will get to a piece of the mentioned 50 million dollars.

Some of the universities that will receive the donation from Ripple foundation are MIT, the University of Pennsylvania and the University of North Carolina.

The donated 50 million dollars will be given through the University Blockchain Research Initiative, and the donated sum will be given in the purpose of researching blockchain technology, digital currencies, development of blockchain and digital way of making transactions.

The team behind Ripple foundation stated that a lot of problems that are present in the industry of finances can be solved with the help of this initiative. Ripple has added that, in a way, they have decided to start with this initiative and donate the money to the universities because they have noticed that the demand for jobs related to digital assets and cryptocurrencies, as well as blockchain technology has increased by over 150% during the past year.

The team also added that a number of universities among the 17 educational centers and universities that the donation will be going to, is said to be using the Ripple’s technology and XRP for their research purposes, while Ripple foundation didn’t add this as a needed requirement within the mentioned blockchain initiative.

The main goal behind this donation is to sponsor research among different universities around the globe in order to speed up the mass adoption of cryptocurrencies and blockchain technology.

Ripple seems to be rocking the crypto market as well as making it in “real life” with partnerships with banks and financial services like Santander, Western Union, MoneyGram and other valuable partners from the finance industry.

How is Ripple doing at the Current Moment?

The market is once again turning sluggish, with a great portion of currencies going down in the red while trading down against the dollar.

Although there is still a portion of assets that are going up with slight gains, XRP seems to be one of the cryptos going down in the red at the moment.

However, the most recent change in XRP price makes up for a minor drop of -1.13% against the dollar.

In addition to dropping against the dollar, XRP is seen rising in oppose to BTC at this moment, while going up by 1.40%.

Following the latest change in the market, XRP can be traded at the price of 0.65$ per one unit.

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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

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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