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Here Is How the Listing of Stellar (XLM) on Coinbase Will Pave The Way for an XRP Listing

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Popular cryptocurrency exchange of Coinbase announced that it is currently looking into listing the following 5 digital assets on its platform: Cardano (ADA), Stellar (XLM), Ox (ZRX), Basic Attention Token (BAT) and ZCash (ZEC). The announcement was made via Twitter, as well as on the Coinbase blog, and it stated that:

“We are making this announcement [of the 5 cryptocurrencies] internally at Coinbase and to the public at the same time to remain transparent with our customers about support for future assets.”

The team at Coinbase also expressed their concerns about listing the new assets:

“We are making this announcement internally at Coinbase and to the public at the same time to remain transparent with our customers about support for future assets.”

So how will the listing of Stellar pave the way for XRP onto Coinbase?

Looking at the second statement by the team at Coinbase, their willingness to list digital assets outside their comfort zones of Bitcoin and Ethereum based protocols means that they probably have a new team of developers at the exchange. These developers are probably hard at work trying to integrate the blockchain platforms of these 5 digital assets to those of the Coinbase exchange. This could, in turn, mean that listing XRP in the future on Coinbase will be as easy as using a warm knife on butter; since they will have the experience of adding new assets on the platform.

The second reason why the listing of XLM will pave the way for XRP being listed on Coinbase is the background both coins have with having one Co-Founder, Jed McCaleb. Knowing how the professional networks work in technology, someone somewhere will pitch the idea of listing XRP once XLM is added on Coinbase. Another question to ask is if the code behind the two digital assets is similar given McCaleb co-created both. If this is the case, adding XRP on Coinbase will be as easy as charging a mobile phone: plug and play.

A third reason is that the guys at Ripple will probably note that XLM is being listed on Coinbase for the Stellar platform is more decentralized than that of XRP. The team at Ripple will, therefore, accelerate decentralization on the ledger by adding additional validators on the network. We all know the effect of competition and seeing what your neighbor has achieved. In the case of Ripple, they will feel motivated to get XRP listed once XLM succeeds in doing so at Coinbase.

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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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Importance of Bitcoin ETFs and Bakkt for the Crypto Space

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It is no secret that 2018 was a very bad year for cryptocurrencies, at least when it comes to prices and market cap. However, in its brighter moments, this year managed to set the stage for some very important events that are expected to make 2019 very successful and profitable. Two things have attracted the most attention, both of which were expected to occur in 2018, only to be moved for early 2019. Those two are Bitcoin ETF decision by the US SEC, and the launch of Bakkt.

What are Bakkt and Bitcoin ETFs and why are they important?

Let’s start with Bakkt first. Bakkt Exchange is a business that is set to launch at the very beginning of 2019. It is a cryptocurrency platform that is set to offer a large number of services, including things such as warehousing and trading. However, there is another thing that makes Bakkt special, and that is the fact that the exchange itself is a product of the same company that has created the New York Stock Exchange.

In addition, Bakkt will be supported by some very influential names, such as Microsoft, BCG, and even Starbucks, to name a few. Furthermore, Bakkt will support crypto-to-fiat conversions. Starbucks will actually be one of the companies that have volunteered to help test the system, as users will be able to convert crypto to USD that can then be used in Starbucks.

Bakkt exchange…

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4 Best-Performing Cryptocurrencies in the Current Bear Market

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Cryptocurrencies have been experiencing a strong return of the bearish trend for weeks now, and only now does it show signs of weakening. However, experts believe that the situation will not repair itself so easily and that prices will remain low for a certain period.

However, when bear market strikes, the sentiment gets most bearish when the trend reaches the bottom. Everyone starts selling, and while short sellers can make a profit in this situation, analysts usually warn that the sale will only knock the prices down even further. Since most of the crypto-related news is already negative at this point, such predictions often make sense.

However, there is still one thing to keep in mind, which is the fact that when downtrend enters a capitulation, that often signals that a new bottom has been found. That is the perfect time to actually go against the bearish trend, and start buying. It is also a good opportunity to abandon the coins that seem too risky, and do not seem to have that bright of a future ahead of them.

Bitcoin has dropped by 87% from its all-time high, which it hit back in January. However, the rest of the market dropped with it, and it never lost its dominance, which still remains above 50% of the total market cap. In other words, while its price may have sunk to lows that were not seen for a while now, it…

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Blogs

Will The Stock Market’s Bearish Outlook Affect The Cryptocurrency Market?

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About 3 months ago I was reviewing what was happening in other markets as the cryptocurrency market kept falling. So I opened up TradingView and what I saw was something so incredible I had to look a second time, I thought I had opened up the BTC/USD chart but it had not yet fallen. I was a bit confused, but I realized my TradingView opened to the DOW, at the time it was looking extremely euphoric and then upon a little more research I saw it was in the longest bull since its conception.  I instantly wanted to see does this just apply to the Dow Jones or does it also apply to the likes of the Russel, S&P500, Nasdaq, Vanguard and then I even looked at the housing market. What I saw I am honestly going to say baffled me, what was there before me was a perfect opportunity, I knew that soon the stock market would fall and started letting people know about hedging.

Last year for many was a huge learning experience and even if many lost money, they learned about financial markets for the first time and may have bought their first ever investments. This was a huge plus for many people who were labeled noobs or noob investors. Why you may ask? Well, the simple answer is that noobs tried investing for the…

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