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Tezos News: Added By Bitfinex And Evolve Markets

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Tezos (XTZ) cryptocurrency has seen a lot of positive activity recently, with Evolve Markets adding it to its trading platform, and Bitfinex going as far as to add trading pairs for XTZ.

Tezos trading comes to Evolve Markets

Evolve Markets is a trading platform for cryptocurrencies, commodities, FOREX, as well as indices. It allows its users to trade numerous crypto assets like Bitcoin, new altcoins, and alike. Even so, it is probably best-known for allowing users to leverage up to 50X, while at the same time, it is boasting full depth-of-market, order book trade matching, as well as BTC and LTC as its base currencies.

Now, the great Tezos news claim that the exchange is also adding this crypto, and it offers 2x leverage, which makes it pretty much the only platform that does it. This addition will be a good thing for Evolve since the platform continues to grow. As for Tezos itself, it wants to become the first self-amending crypto in the world. Its last year’s ICO managed to raise as much as $232 million.

The platform also recently added Ethereum Classic, Zcash, Bitcoin Cash, Monero, EOS, and Dash. Additionally, it is known for its great security measures, like securing deposits in cold storages. It never exposes the private keys to the internet, which significantly reduces the chances of being hacked. Finally, all data is encrypted, which is yet another important security layer that protects the investors’ funds.

Tezos gets trading pairs on Bitfinex

Continuing with good Tezos news, the coin also got on one of the world’s largest exchanges — Bitfinex. The exchange decided to add the coin just a short while after Tezos launched its MainNet. Not only that, but Tezos also got two exchange pairs XTZ/BTC and XTZ/USD.

Despite the fact that this is ultimately a great Tezos news, the coin still lost some of its value due to another price drop. Even the successful launch of its MainNet did not manage to prevent this, as the coin lost $171 million.

Of course, some skeptics claim that the market reacted negatively to the launch of the MainNet. This is a rare occurrence, but it can happen. The only problem with this theory is the fact that Tezos wasn’t the only coin to go down. In fact, the entire market once again suffered big losses. For many, this is confirmation enough that the MainNet was not responsible for the Tezos price drop.

In the end, it would seem that Tezos just has a natural bad luck to make its biggest moves at all the wrong moments. The coin is currently ranked as 16th as per CoinMarketCap, with its value being at $1.52 at the time of writing. Whether Tezos’ luck is going to turn anytime soon is anyone’s guess, but the recent listings are definitely working in its favor.

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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

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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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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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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