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Stellar (XLM) may take over the Ripple’s XRP place in the market dominance

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Stellar (XLM) and Ripple (XRP) are compared very often because of the solutions they offer in the crypto world. In fact, both companies envision to conquer the financial world by offering the best solutions for cross-border transactions, specifically speaking regarding costs and speed.

Like this, the XRP/XLM dilemma has been a common topic in the crypto sector for a long period now, and as it seems, it may be concluded very soon as Ripple continues to struggle with both the lawsuits and the ‘security’ issues, and this may give the perfect spot for XLM to shine and show the world how ready is their platform.

XLM and XRP comparison

At the time of writing XRP trades at a price of $0.32832 according to Coinmarketcap, and the same way XLM trades at $0.21874. Both cryptocurrencies appear in the green with increases of 1.16% in the case of XRP, and 3.39% if you talk about XLM. However, it is XLM the one that has had the biggest increase considering the jump in the price that Bitcoin had last Monday, the same that shot the price of certain coins in the market, being XLM one of them.

In contrast to the mentioned above, it is notable that is not a matter of price anymore. In fact, Ripple has had the toughest times in the last couple of months by facing several lawsuits in which it is claimed that the XRP token should be treated as a security, and on the other hand, by having the Securities and Exchange Commission (SEC) chasing after them with great possibilities of declaring the cryptocurrency as a security, and not as a digital asset.

With relation to this, Ripple has made great efforts to dispel the rumors, but truth be told, it doesn’t seem to be working that good. It all started with the differentiation between the company and the token, so now we have two different terms which are Ripple Labs (the company), and XRP (the token).

That was later followed by a special rule that disables Ripple Labs to control what happens with the XRP token, so with that centralization was off the table. However, the assumptions persist; and that is precisely one of the things that have helped XLM to come out to light.

Coinbase considering XLM as their next crypto

We all know how Ripple has been fighting to get the right to appear listed in the acclaimed exchange Coinbase, but sadly this is something very unlikely to occur unless Ripple solves the lawsuits and the centralization problems quickly. In contrast to that, it was known that Coinbase is actually considering XLM as their next crypto accepted, and this may actually occur once Stellar releases its promising project, the blockchain 3.0.

As for the price, we can all speculate that XLM might hit the moon, but the most important thing is that the token will finally get the validation that it deserves. So the way to go XLM! Oh, and sorry XRP… Keep trying! But yeah, if Ripple somehow manages to tackle the discussed issues, Stellar (XLM) might not be able to come close to it (Ripple’s XRP is a cryptocurrency with massive potential if you put its problems aside).

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Alex Holyoake on Unsplash

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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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