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Ripple (XRP) Is At Consensus 2018 and also Launches Xpring Initiative for Entrepreneurs

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The next three days, beginning today, the 14th of May, will be a beehive of activities in New York during the Consensus 2018 Summit that has been organized by Coindesk. The event has been the subject of anticipation in the crypto-verse due to the increase in attendees in the form of regular folks like you and I and the speakers from different industries such as finance, banking, healthcare, computer hardware manufactures, just to name a few.

This year’s event has over 250 speakers and is expected to draw over 4,000 attendees. As it so happens, the Ripple (XRP) team is part of the event.

The Ripple team is currently located on the 2nd Floor in the Beekman Pavilion of the Hilton Midtown in New York. The team has encouraged everyone in attendance to visit them.

the Ripple Team at Consensus 2018

Dr. David Schwartz (second from the right) was earlier today involved in a discussion pertaining to the interoperability between all the public and private blockchains. The case for a means for all or some of these blockchains, to communicate and allow for the transfer of assets, have escrow schemes and other information flow, is gathering steam as it will allow for a seamless and frictionless avenue for inter-blockchain operations and innovations.

As the ongoing Consensus summit continues, the Ripple team have also announced a new initiative known as Xpring. This initiative will be one by Ripple to invest, incubate, acquire and provide grants to companies and projects run by entrepreneurs willing to use XRP and the XRP Ledger to solve real-life problems. This is much-needed support for all the budding entrepreneurs wishing to make an entry into blockchain technology and specifically planning on using XRP and Ripple software products to do so.

The Ripple team is bringing in Ethan Beard as a Senior Vice President to lead Xpring and Ripple’s developer program. Mr. Beard served as Director of the Facebook Developer Network from 2009 – 2012 and oversaw the worldwide developer relations, operations and product marketing for the Facebook API. He is the perfect fit when we remember that xVia is also API based.

Mr. Beard is quoted as saying that he loves the startup environment and loves helping them leverage new technologies and developments to grow.

Xpring has already offered support to four entrepreneurs as follows:

  • Scooter Braun, entertainment talent manager, entrepreneur and founder of SB Projects, who is pursuing several endeavors that will use XRP to improve artists’ ability to monetize and manage their content.
  • Stefan Thomas, inventor of the Interledger Protocol (ILP), creator of BitcoinJS, co-founder of TxtBear, who just launched a new venture Coil to use XRP and the Interledger Protocol (ILP) for various micropayments applications, such as facilitating “bite-sized” purchases of media. You can learn more about Coil here.
  • Thomas McLeod, serial entrepreneur, co-founder and CEO of Omni, who will soon integrate XRP as a currency into Omni’s marketplace.
  • Bart and Brad Stephens, co-founders of Blockchain Capital, who have the first fund to accept capital calls in digital assets with a focus on driving innovation in the blockchain sector.

All the above is great news considering that the Consensus Summit will provide a good avenue for Ripple to showcase its technology and payment solution software such as xRapid, xVia and xCurrent. it will be a platform to market what the project has to offer.

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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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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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