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Trezor Prepares to Add Support for Cardano (ADA)

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IOHK, the technology and engineering company based in Hong Kong, has recently confirmed that a well-known hardware wallet called Trezor will soon add support for Cardano (ADA).

Cardano to get Trezor support before November

IOHK’s Charles Hoskinson, who is also the founder of ADA cryptocurrency, personally tweeted this announcement while drawing attention to Trezor’s roadmap.

According to Hoskinson, support for Cardano on Trezor wallets should arrive before November, which leaves only two more days. Trezor, which is a hardware wallet used by cryptocurrency holders around the world, is currently undergoing preparations for adding not only ADA but several other coins as well. These include currencies like Monero, Ripple, ZCash, Zencash, as well as Stellar.

This represents a big move for Cardano, as its coin will now receive a massive security boost. Trezor’s hard wallets will allow users to have a new cold storage for Cardano, and increase the coin’s security. Due to their nature, hardware wallets are impossible to hack from afar, and any potential invader would have to gain physical access to the device in order to steal digital assets from it.

The support for Cardano was announced shortly after ADA got listed on platforms like eToro and OKEx. Receiving such important listings in a brief amount of time is one of the signs that exchanges and wallets believe that this coin has potential. As such, Cardano is expected to attract even more attention before the year ends.

This is not all that awaits Cardano

While Cardano is still relatively young coin, it became known as a currency that likes to take its time. However, it is also a coin that likes to think big. Apart from new listings and Trezor support, Cardano is set to receive a new update called Shelley.

Shelley was announced in late August of this year, and it is supposed to make Cardano fully decentralized and autonomous system. It will implement Ouroboros delegation, consensus, multi-signature transactions, light client mode, incentive fees, and a lot more. This is a big upgrade that has a lot of Cardano supporters excited, as it will bring numerous new features and improvements to the coin’s network.

While many expect Shelley to spark a new price surge, Cardano fans are also expecting the same from Trezor listing. Even though the coin is only one step away from being officially supported by Trezor, no large price surge has arrived as of yet. Right now, Cardano is managing to maintain a fragile balance, with its price going up and down by only a fraction of a cent. At the time of writing, ADA’s price is at $0.072433 per coin, and the coin seems ready to spike up at any moment.

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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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Hodium
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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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Altcoins

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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