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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

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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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