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Why Ethereum-Based Tokens Get Listed on Coinbase Faster? - Global Coin Report
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Why Ethereum-Based Tokens Get Listed on Coinbase Faster?

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Ehereum
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Coinbase, one of the largest cryptocurrency exchanges in the world, has been known for being quite picky when it comes to tokens it lists on its platform. As per user requests, this exchange decided to expand its list of tokens and has announced that it will review multiple coins on several occasions throughout 2018.

Recently, Coinbase finally started expanding the list with a new addition — 0x (ZRX). However, multiple other coins still have a chance of being chosen for getting Coinbase’s support. These include Basic Attention Token (BAT), Cardano (ADA), ZCash (ZEC), as well as Stellar Lumens (XLM).

One consequence of a coin getting listed on Coinbase includes something called the Coinbase Effect. This is a term used for coins that usually experience a significant price surge following the announcement that Coinbase will support them. It happened when BCH and ETC joined the exchange, as well as after 0x was chosen.

Ethereum-based coins have the coding advantage?

A lot of investors are still wondering what was it that allowed ZRX to gain support from Coinbase before others. Coinbase even got accused of favoritism due to its choice.

The simple reason is the fact that three out of five 0x project’s advisers have a link to the exchange. While some may consider this a matter worthy of investigation, cryptocurrency industry remains highly unregulated. In short, Coinbase did not break any rules by picking ZRX due to this reason.

While this reason is probably the most influential factor that influenced Coinbase’s decision, there are other, technical reasons why the exchange decided to go for ZRX. For example, ZRX is, as mentioned, an Ethereum-based coin. That makes it easier to integrate onto the platform that already supports not only Ethereum but Ethereum Classic as well.

With this being the case, many have speculated that BAT might be the next coin to gain support since it is also Ethereum-based. This is, of course, still only a speculation, and it will likely just happen if Coinbase keeps choosing coins based on technical point of view.

Considering that BAT experienced a price surge soon after ZRX was selected to join Coinbase, it might seem that a lot of investors managed to connect these same dots and get to the same conclusion.

Can ZCash be the next one?

Many speculate that ZCash might be the next one in line. Even though it is a privacy coin — a type of cryptocurrency that focuses on privacy and security, which is why it is often being frowned upon — ZCash has made a big breakthrough recently.

The coin has just surged by 7.5% in the last 24 hours, and in the process, it overtook the 20th spot on the list of largest cryptos, effectively replacing Dogecoin. Many believe that ZCash experienced this spike due to its future Sapling network upgrade. This is an upgrade that will bring numerous improvements to ZEC’s shielded transactions.

As a result, many expect ZCash to become more dominant among privacy coins, as well as to boost its adoption. With Sapling upgrade, transactions are to become faster but still protected. It will also bring features such as improved keys, and decoupled spend authority.

As mentioned, a recent price surge has brought ZEC to the 19th rank, which is where it currently resides. Unfortunately, the coin is currently trading in the red, with losses of almost 2%. Its current price is at $123 per coin at the time of writing.

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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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crypto trends
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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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