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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

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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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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