Connect with us

Altcoins

Tezos News: Is XTZ Next For Coinbase?

Published

on

Tezos news
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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 Pexels

Altcoins

TRON Ecosystem New Addition — CryptoDungeons

Published

on

CryptoDungeons
READ LATER - DOWNLOAD THIS POST AS PDF

According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.

The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.

About CryptoDungeons

CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.

The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…

Continue Reading

Altcoins

Positive Crypto Price Trend Moves VeChain (VET)

Published

on

VeChain
READ LATER - DOWNLOAD THIS POST AS PDF

As many are likely aware of, the previous twelve months were not particularly friendly to cryptocurrencies, and there were two major market crashes since January 2018. However, it could be that investors’ wishes are finally coming true, as the market is currently seeing actual gains. While there is still no certainty regarding this behavior, investors around the world are finding the current development to be quite refreshing.

One interesting development that was noticed these days is the increase of VeChain’s price, which is seeing minor gains at this time.

VeChain (VET) price grows

While most cryptocurrencies experienced some extreme ups and downs during their lifetime, VeChain is usually surprisingly unaffected by the market’s behavior. In fact, its price chart typically shows no major changes, and it seems pretty flat in comparison to other cryptocurrencies.

While this may be a good thing, as the lack of volatility means that the coin is more stable than most, the fact that the price is usually not affected makes the current gains that much more peculiar.

In the last 24 hours, VeChain’s price has grown by 2.16%, placing its value at $0.00401120 at the time of writing. The growth is minor, and the coin’s value only increased by a fraction of a cent, but this is still not typical behavior for this cryptocurrency, which attracted the attention of analysts and investors…

Continue Reading

Altcoins

SOLVE Token Could Be A Huge Long-Term Winner

Published

on

Solve.Care
READ LATER - DOWNLOAD THIS POST AS PDF

A lot of articles have been written about an altcoin apocalypse.  With so many tokens entering the market, it is inevitable that not all of them will survive.  When trying to analyze pick out the best projects, the following criteria should be used:

  • Very active community
  • Strong potential for mass adoption
  • Valuable partnerships
  • Experienced leadership

If a project scores well in at least three of the above criteria, it’s a winner.  When it scores well in all four, it has the potential to be a blockbuster.  That potential blockbuster is Solve.Care.

Background

Solve.Care has developed a revolutionary platform that will significantly improve care outcomes by reducing healthcare administrative costs.  The platform will also go a long way toward eliminating a lot of the problems commonly seen within healthcare administration such as duplication, waste, abuse, and fraud.  I firmly expect Solve.Care to generate cost savings by facilitating peer-to-peer transactions that grant authority to stakeholders while empowering payers regarding cost control and oversight.

SOLVE token completed its token sale last year in May.  The company sold 350,000,000 tokens and still has 650,000,000 in its treasury.  The great news is that the token has been recently listed on both Bittrex and KuCoin, two of the largest and most trustworthy exchanges in the world.  Given the recent incidents, especially the Cryptopia hack, being on a trustworthy exchange is of paramount…

Continue Reading

Elite