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VeChain (VET) Silently Lists on Bitfinex and Ethfinex

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VeChain
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In a May 10th tweet, the official Bitfinex handle announced that VeChain (VET) deposits have been enabled on the popular online and mobile trading platform. Checking the platform indicates that trading is now live on both Bitfinex and its sister exchange, Ethfinex. Not many crypto traders caught on but Global Coin Report was able to spot the development.

Bitfinex Tweet on the 10th of May

The listing adds to the much-needed liquidity by the VeChain (VET) project and token. The current market analysis puts VEN at a value of $4.57 at the moment of writing this. The token is up less than a percent in the last 24 hours. The token’s market capitalization is pretty high at $2.404 Billion with a circulating supply of 526 Million VEN. The token is now available on 48 exchanges according to coinmarketcap.com.

With respect to Bitfinex and Ethfinex, the latter was only launched this year as an ERC20-token-specific trading platform unlike the parent exchange, Bitfinex, that caters for also the major coins. With Ethereum, Bitcoin and the USD as the major currencies that token pair with on the Ethfinex platform, it allows for fluid trading amongst the 3 base crypto and fiat options. The beauty of being on the Bitfinex platform is that you can log into Ethfinex using the same credentials and your balances will still be visible on both. This is some good integration by the Bitfinex and Ethfinex teams.

VeChain is a leading global enterprise level public blockchain platform. It aims to bridge blockchain technology and real-world applications. VeChain also plans on providing the necessary decentralized governance structure to build a robust economic model as well as the advanced Internet of Things integration.

The project recently rebranded to VeChain Thor (VET) and has a new blockchain with a similar name: VeChainThor Blockchain. It is currently undergoing rigorous tests to ensure that it works as it was designed to do when the Main Net is launched later this year.

The timetable towards final launch involves a Public Alpha test which will involve 100 vetted testers. In June this year, the VeChain foundation will open the code base to the public signifying the start of the Public Beta Test for further hands-on testing. The MainNet will be launched by the end of June; adding to a growing list of projects launching the MainNet versions of their projects in Q2 this year.

The Next few months will be an exciting time for the Crypto-verse.

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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

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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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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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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