Undoubtedly, Ripple is one of the widely-loved blockchain projects in the world today and this due to its numerous adoptions, listings, and utility. Continuing with its mainstream adoption rush, Ripple’s XRP has made it to the highly-awaited newly-launched crypto-exchange platform of Turkey, Coinzo.
The exchange went live just a couple of days ago and decided to add XRP to the list of digital assets available to be traded on its platform. The breaking news came through a tweet by a member of Ripple community, @LeoHadjiiloizou. Tweet reads:
November 6th, 2018
Turkish exchange Coinzo @coinzocom is live. $XRP is amongst the 6 coins listed with $TRY and $BTC pairs.#XRPthestandard #XRPcommunity @Ripplehttps://t.co/OuxCJoeM4k pic.twitter.com/1rbs5XSjnE
— Leonidas Hadjiloizou (@LeoHadjiloizou) November 8, 2018
Turkey is taking more interests in cryptocurrency, and with most of its exchanges indulging cryptocurrencies, we may see a big boom in the crypto sphere over there.
Coinzo is a new cryptocurrency exchange ready to grow in the crypto world. It currently has six digital assets available for trading including BTC, ETH, XRP, EOS, HOT, and GAS. The crypto-exchange itself said in a tweet:
“The crypto currency exchange Coinzo is online, offering Global services as standard! #kriptopara #BTC #ETH #XRP #EOS #NEO #Holochain #CNZ $BTC $ETH $XRP $EOS $NEO $HOT $CNZ.”
Coinzo also highlighted the available trading pairs on its official Twitter page, the platform notes,
“Pairs that you can process in Coinzo/try/try/try/try/try/// #kriptopara $BTC $ETH $XRP $NEO $EOS $HOT #NEO #BTC #EOS #BTC #XRP #BTC #ETH #BTC #bitcoin #coinzo.”
Ripple’s XRP, on the other hand, is the third biggest cryptocurrency with a market capitalization of about $20 billion (19.9 B at the time of press, to be more specific). The blockchain was created by its progenitors: Chris Larsen, Jed McCaleb and Arthur Britto in 2012. Its token, XRP, was also established at that time.
Subsequently, Ripple’s XRP ledger is an open-source technology that was created a year later. The XRP ledger supports faster payments and decentralized exchange of other cryptocurrencies. It is important to know that through this ledger, XRP payments can be settled within a few seconds with a less amount of energy, and it can handle up to 1,500 transactions per second due to its scalability capabilities.
Furthermore, Ripple’s XRP is not just any cryptocurrency, because it aims to solve real-life problems. The cryptocurrency is poised to change the way cross-border payments are done across the world today.
Coming back to XRP listing on newly-launched Turkish exchange Coinzo, Ripple community have expressed their happiness concerning the event as it would raise the interest of Turkish investors towards Ripple’s ecosystem.
XRP Price Analysis
At the time of writing, alongside all other significant coins, XRP is in the red and trading at $0.497. In the last 24 hours, the XRP/USD trading pair is faced with the $0.49 resistance level. It is however probable that if the bull momentum moves the price above the current resistance level, then the price of XRP hit $0.62 soon. At that price, gains can be achieved, because, at $0.62, a price rally upward is inevitable.
Also, XRP’s high SMA and RSI level clearly show overbought and this indicates a short-term bull trend. If the price of XRP goes below its current SMA level, then we may see a bearish trend against our predictions.
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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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Smart MFG Tech Announces its First Liquidity Mining Rewards Program on LINKSWAP
Manufacturing Industry 4.0 company Smart MFG Tech has announced that it is launching its MFG Liquidity Mining Rewards on LINKSWAP today. LINKSWAP is a decentralized, community-governed Decentralized Exchange (DEX) and an AMM platform, which was created by YF Link (YFL). The team at YF Link says it aims to address “the pain points of second-generation AMMs” by offering such features as Reduced Impermanent Loss, RugLock, SlipLock that are not offered by other platforms.
Smart MFG Tech has said that the first integration of the MFG liquidity mining rewards will use the LINKSWAP LP (Liquidity Provider) Rewards service. It will allow LPs to deposit their LP token(s) (UNI-V2) to the participating rewards pool (ETH|MFG) and earn MFG rewards seamlessly. Smart MFG said it will continue to work with the YF Link team to provide support for other pairs and expand services.
LINKSWAP’s Rewards is a liquidity mining service that enables LPs to earn rewards for providing liquidity in a participating pool. YF Link has implemented a custom frontend solution for Smart MFG LP rewards pool on LINKSWAP. This will allow LPs to add liquidity to Smart MFG’s existing ETH|MFG pool on UniSwap v2 and deposit their LP token(s) (UNI-V2) to their LINKSWAP rewards pool (ETH|MFG).
Smart MFG explained how the rewards can be earned:
“LPs get a share of the transaction fees on Uniswap v2. This is calculated by how much liquidity is provided relative to the percentage…
Building Your Nest Egg Brick By Brick: Are Micro-Investments Here to Stay?
No matter what our goals are, sometimes just getting started can be the most difficult part of building our savings up. When it comes to investing, many of us are wary of parting with our money to generate more financial security in the future. But what if you can build significant savings without even noticing?
That’s the aim of the micro-investing apps that have come to dominate online stores across Android and iOS. Today, more fintech startups are working on delivering refined solutions that encourage minuscule investments at a more frequent rate.
Micro-Investing apps will look to make saving more accessible to young people – many of whom in the UK have little-to-no money tucked away for a rainy day.
However, the prevalence of money-saving technology and the disruptive chaos of the COVID-19 pandemic appears to have prompted a widespread increase in households saving more of their disposable income:
With micro-investing platforms playing a role in bringing UK household savings back up to five-year highs, is it fair to say that little-by-little investing is here to stay? Let’s take a look at how micro-investment platforms could revolutionise how we manage our finances:
What is Micro-Investing
Micro-investing, or sparse change investing, is a relatively new development in fintech. It effectively enables users to put away small amounts of money towards their long, or short, term goals. The idea…
Decentralized Insurance Platform Bridge Mutual to Launch BMI Token on Polkastarter
Bridge Mutual, a decentralized platform that allows users to insure stablecoins, has announced that its native BMI token will be launched on Polkastarter tomorrow, January 30. The Polkadot’s decentralized exchange will host an Initial DEX Offering (IDO) for Bridge Mutual.
“Even the most sophisticated digital asset investors are at risk of losing their funds through various malicious and negligent activities in the blockchain ecosystem. With Bridge Mutual, we believe it doesn’t have to be this way. Using Bridge, people can control the risk exposure of their digital asset investments, just as they do with real-world assets. The Bridge Mutual platform allows people to offer and purchase coverage in a decentralized p2p way. We’re excited kickstart the launch of the BMI ecosystem with a launch on Polkastarter and creating a better way of protecting digital assets for users all over the globe,” Bridge Mutual CEO Mike Miglio said in a statement.
Bridge Mutual allows users to buy and sell insurance for smart contracts, stablecoins and crypto exchanges, peer-to-peer. Users can purchase insurance via the Bridge Mutual app and then file a claim if their digital assets are lost after a hack. “When users lock stablecoins in Bridge Mutual’s coverage pools, those funds are reinvested into popular (and safe) yield generating platforms that return yields to coverage providers. When a claim is approved, stablecoins from the coverage pool goes…