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Whatever Happened to ZClassic: Is ZCL Dead?

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ZClassic

It definitely feels like there is a closure waiting to seal the deal of ZClassic (ZCL). We can see this fork project slowly decaying due to the lack of attention from any dev team whatsoever. The last time we have heard about ZClassic, we could have witnessed a strong case of price pumping in the market revolving around ZCL as there have been rumors that another fork is yet to turn the tables for ZClassic.

Whatever Happened to ZClassic: The Fork Rumors

Rumors can be dangerous for those who have faith, and so it was the case about the false allegations that there is a dev team ready to take over ZClassic and the mentioned fork. The fork didn’t happen and wasn’t planned to happen in the first place and the last time we have heard from the ZCL was on April 26th, via their official page on Twitter. Is ZClassic dead and has anyone expected this case scenario back when ZClassic was forked out of ZCash?

The first time the team behind ZCL addressed the public on this matter was back at the beginning of March with the tweet that was originally posted on March 7th.

In this tweet, posted on the official ZClassic Coin Twitter page, the team addresses the issue of the having rumors going around that ZClassic is having a fork while having this blockchain foundation linked to the Bitcoin Private.

Furthermore, the initial rumors stated that the Bitcoin Private team will be taking over the ZCL project and that the mentioned team behind this Bitcoin fork is planning on developing the ZClassic project further from that point.

To clarify all the misleading information, the team behind ZCL has gone forward with publishing an official press release on Medium where they talked about the future of ZClassic.

The Future of ZClassic: A Digital Burial of a Promising Fork

Even if you weren’t a fan of ZClassic, in case you have read the official release on the future of ZCL, you probably felt uncomfortable knowing that once a promising currency could meet its end as soon as it did.

In their official release, the team behind the ZCL wanted to address the problem of the rumors about the new fork waiting for ZClassic. Immediately at the beginning of the topic, they have stated that all allegations that a new dev team is taking over ZClassic are false.

They further added that there will be no forks and no new developments and that they are stopping with any further actions regarding the ZClassic network, which means that the team has started to have abandoned this blockchain fork.

They have also stated that Bitcoin Private won’t be taking over their project and that the Bitcoin Private Treasury will no longer be in support of their project as Bitcoin Private now demands the funding support of its Treasury.

That means that ZClassic has stopped receiving support as of April 1st, as stated in the official release that was posted back at the beginning of March.

So, what does this all mean for ZCL holders?

Apparently, although the team has stated that the ZCL nodes are to be shut down by the beginning of April, which occurred nearly two months ago, they have added that there will be DNS seeder remaining so that the system could acquire a functional level of self-maintaining.

The official Electrum wallet for ZCL was shut down at the same time on April 1st, while ElectrumX peer discovery immediately became available for ZCL users.

The team claims that they hold no responsibilities for the integrity of ElectrumX peer discovery, nor they are responsible for the maintenance of the mentioned servers.

However, although it seems that everything is slowly being shut down, while ZCL seems to be dying out among the crypto community, there is a hope that someone will still take over the project after all.

That is why the current team of ZCL has opened ZClassic Project Proposal hub where all interested teams can send their proposals on the further development of ZClassic.

The interested parties will need to know everything about ZClassic and zk-SNARKS and will need to deliver their proposals in written forms, while the process will be closed for all teams on June 1st when the hub will be shut down and all submitted proposals reviewed by the current team.

Hopefully, there could be a team among these proposals that might be worthy of taking over this blockchain project and revamping it for the crypto community.

So, it seems that not everything looks so lost for ZCL after all, at least until there is a hope for ZCL holders that a prominent team will appear to take over their favorite fork.

ZCL once again made an announcement via Twitter on April 26th, reminding the public not to believe in the rumors on any mentioned forks or new dev teams taking over ZClassic for further development.

How is ZClassic doing at the Current Moment?

Ranked as a far 205th coin on the global coin ranking list, ZCL is not entirely lost as it still competing in the market.

Following the latest change in the market, ZCL is dropping against the dollar alongside with the majority of top currencies, while going down in the red by -3.81%.

After the most recent change in its value, ZClassic is now worth 11.80$ per one unit as it is still waiting for a dev team that might never come in the worst case scenario.

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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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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

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

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Aluna.Social

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?

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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, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

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 like Bitcoin and Dash, to help protect their assets and hard-earned…

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