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Tezos News: Is XTZ Next For Coinbase?

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Following recent Tezos news that said that the XTZ might be a new addition to Coinbase, the coin experienced a new price surge. While the new development is still only a rumor, it will be a significant move for Tezos if this actually happens.

Tezos’ troubled past

Ever since its ICO, Tezos has struggled with its development, as well as bare survival in the crypto market. Numerous issues arose one after another, and problems even included management issues. Eventually, the project that was supposed to be launched in prosperous 2017, arrived during the bearish market of 2018.

Even so, Tezos had to deal with a lot more than just bear market. Constant delays and the lack of a firm schedule left the community confused and in doubt. Eventually, a change in leadership arrived in February 2018, and the project was finally back on track. Despite this, it still took months to come up with its beta network, and even longer for the MainNet to be launched.

Another issue arose when exchanges proved to be unwilling to enlist XTZ. This issue mostly centered around HitBTC, which started trading Tezos IOUs last year. However, they were still not prepared to go live and allow Tezos withdrawals and deposits by the time the MainNet was launched. Even now, Tezos withdrawals are disabled, although deposits are currently possible.

Additionally, while Bitfinex decided to list Tezo on September 17, XTZ still remains unavailable in the US, while its deposits are limited to amounts larger than $10,000.

Coinbase CEO hints at Tezos being added to the platform

Considering all of this, it is immediately clear why Tezos news of potentially getting listed on Coinbase is a big deal for this coin. The rumor likely started due to Brian Armstrong, Coinbase’s CEO. Armstrong has recently hinted that the exchange might soon add Tezos to its platform in a tweet about “sugar-free substitutes” that can get “baked” into chocolates and cookies.

While this may seem cryptic and confusing to most people, the Tezos community took it as a hint of Armstrong being interested in XTZ. This is due to the fact that “baking” is one of Tezos’ essential parts. Simply put, it is a process on Tezos, that is used for signing and appending new transaction blocks on its network.

Obviously, this is only a small hint, which can be interpreted in many different ways. However, even this was enough to spark a new price surge for the coin, and raise its value. At the time of writing, the excitement regarding this Tezos news seems to have passed, and the coin is currently trading in the red, with its current price being at $1.37.

However, investors remain optimistic, with many of them predicting the start of an entire bull run if rumors turn out to be true. If a mere hint was enough to start a price surge, the actual act will certainly have a much larger impact.

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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

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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