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Tron CEO: XRP Surge Signals Blockchain Adoption

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Following the recent XRP price surge, Tron CEO Justin Sun stated that he believes that the new situation might indicate blockchain adoption by financial institutions. A recent Ripple news regarding XRP price surge has brought the third largest coin by market cap back into the center of attention in the crypto world. So much so, in fact, that numerous crypto experts have started viewing it as an indicator of big events to come.

TRON CEO Justin Sun announced recently via Twitter that the price surge might mean that banks and other financial institutions might be getting ready to adopt blockchain technology. The excitement around Ripple products would certainly indicate so as well.

Tron CEO Justin Sun expects financial institutions to adopt blockchain

Only days ago, Ripple news regarding the coin’s price surge erupted, and everyone’s attention was turned toward the world’s third-largest coin. The price surge was easily the biggest one since January, and Ripple skyrocketed by over 181% in days between September 18th and 21st.

Not only that, but XRP also managed to surpass Ethereum, and take over its position as the second-largest, several times. Ethereum quickly regained its position, however, but this is still more than a noteworthy event in Ripple’s history. While many were thrilled about the price surge, TRON’s Justin Sun sees this as an indicator of something bigger.

According to him, Ripple’s actions might mean that financial institutions might be getting ready to officially adopt the blockchain technology.

He also congratulated Ripple, as well as Stefan Thomas, the company’s former CEO.

Ripple news also mentions soon xRapid launch

One of the reasons behind the XRP price surge, or maybe even the main one, is a recent announcement made by Ripple. The company unveiled plans to launch their long-awaited xRapid product. With such an announcement and the price surge combined, Ripple seems to be doing better than many other cryptos at the moment. Not only that, but PNC Bank also contributed to the coin’s new success by recognizing its protocol, as well as possibilities that ti can open up in the world of finances.

As for Tron CEO Justin Sun, he and his team are currently working on promoting TRON (TRX) itself, TRON has also received a lot of attention this year thanks to numerous positive events. One of the most notable ones is the company’s purchase of BitTorrent, and a later announcement of the Project Atlas, which will have BitTorrent as one of its vital components.

Thanks to these events and announcements, TRON popularity has grown a lot, but this has yet to reflect upon its price. TRON is currently ranked as the 13th largest coin by market cap. Its price is $0.021118 at the time of writing, with an increase of 2.21% in the last 24 hours.

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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

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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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