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Tencent $2 billion investment in Ripple (XRP): Real or Speculation?

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Until you see yourself; don’t jump into believing everything you hear or read. Agree? You better. Now, the news that hit the internet about the Chinese technology giant, Tencent, investing in Ripple seems to be all but speculation.

Sources from Tencent reveal that at least as of now, there isn’t any kind of plan about investing in Ripple. According to an official response from Tencent, the news spreading all over is not true.

So where did the news come from?

Most of the time people believe that the source of the news may determine whether the content has got some truth in it or not. For our case here, it broke from a tweet by journalist Lulu Yilun Chen who tweeted that Tencent has denied any kind of interest in investing in Ripple.

You may want verification for this news as much as we do but on that note, GlobalTimes went ahead to confirm the news from the Tencent team after which they too couldn’t verify this news.

But where did the story first begin?

The story of Tencent investing on Ripple came in a few days ago when grapevine broke it. Multiple sources as well had the same speculation that Tencent was to invest up to $2 billion in Ripple (XRP). These meant that Tencent would buy huge stakes in Ripple just like it already bought stakes in companies like Snapchat, Spotify, and Tesla.

At that time, there were a lot of mixed reactions from various individuals on the possible partnership of Ripple and Tencent. Some of them thought it was just a speculation (just like it now seems to be), a Reddit user said until Ripple confirmed the speculation itself about the partnership, it was just fake news.

All the same, the argument behind the partnership ideally would have been to entirely go past the mobile payments competition simply by integrating Tencent messaging app WeChat into the Ripple technology. Many others would see more advantages that would be as a result of the partnership and are therefore looking forward to it happening.

Whether anything is true or not, the fact still remains that the rumors are yet to continue. However, for sure, something is behind the curtain and as soon as it is brought out by either Tencent or even Ripple, be sure we will get you updated.

Just stay tuned we got you covered as the speculation just goes on.

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below!

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.

Image courtesy of Chris Yunker via Flickr

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore
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Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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