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XRP turns green as it secures listing on new crypto exchange Shardax

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XRP

An exciting new crypto exchange Shardax, which is built to be user-friendly, fast and secure one, announced to list Ripple’s XRP just recently. And all the major cryptocurrencies, including Bitcoin, are still trading in red, XRP is up by 2.34% at the press time.

Since the emergence of cryptocurrency and blockchain technology, crypto trading has been one of the most profitable investment options for many individuals who have an eye for emerging technology. However, considering the crypto market’s high volatility, unregulated and decentralized nature, the risks of fraud and complex technology make it problematic for new merchants and investors to venture into the industry.

Luckily, Shardax as a cryptocurrency exchange provides an alternative for investors and merchants who do not have the technical know-how or business acumen to run their due diligence on virtual currency ventures. And now the very same exciting new exchange has announced the listing of XRP.

What is Shardax Exchange? Why XRP listing on it is worth noting?

Shardax crypto exchange was launched in the third quarter of 2018, created to combine the dominance of top-tier cryptocurrency exchanges, with the capability to profit from users deposited proof-of-stake coin remunerations. Shardax is easy to use crypto platform that promises both investors and the exchangers optimal security guarantees, smooth trading, and trade opportunities.

The most recent cryptocurrency exchange embracing Ripple’s XRP, Shardax Exchange also has a very attractive Referral Program that can earn investors money while they accumulate and trade digital assets by simply referring their friends into joining the platform. According to some analysts, Shardax is superior when compared to CoinPayment Airdrop.

Besides its superior instant trade attribute, Shardax’s user-friendly interface is modified specifically to make it easier for all users to exchange and trade between virtual currencies. Users stand a chance to trade their digital assets at the best prices thanks to the Shardax platform that offers an advance view on the market. Both functionalities, advanced view and instant trade, are friendly to handheld devices such as mobile phones and tablets meaning users will be able to conduct their trading activities everywhere.

Shardax is Accessible and Offers Low Tariffs

One of the major advantages this new exchange platform offers to its users is its transparency where individuals are always shown the tariffs they are supposed to pay when making a withdrawal or trade. All their fees and tariffs are transparent with no hidden charges imposed on users.

At the time of writing, Shardax charges a 0.1 percent trade tariff with the option to enjoy a 50 percent discount when trading with Shard, the native cryptocurrency affiliated with the exchange.

Shardax Holding or Storing your Digital Tokens

While Shardax holds the user’s staking digital tokens, they are liable to receive proof-of-stake rewards from the exchange. Users can buy and sell cryptocurrencies all in the same place without experiencing any delays; users can even be recipients of staking rewards while their digital tokens wait in the order book.

Reliability and Security

You want your XRP tokens to be safe no matter what exchange you use, right? To make sure user accounts and digital tokens are secure, Shardax exchange has formulated multiple protection layers that act as security walls that maintain a high-level security. A big percentage of funds are stored in cold storages with all wallets having delegated servers.

Shardax Exchange Offers on Offer

As an incentive to the crypto world, Shardax announced to the market that it would be offering its first 50,000 registered users an incentive of paying 0 percent trading charges until 2019. The registration is still ongoing but slotted to be closed soon.

Shardax Cryptocurrency Exchange Lists Ripple’s XRP

Shardax cryptocurrency exchange is focused on stamping its authority in the crypto space and has ventured into listing relevant cryptos that exist in the market, Ripple (XRP) being the latest token.

As noted at the beginning of the article, taking to their Twitter handle, Shardax announced that they were glad to have come to an understanding with XRP and are going to be listing the number 2 ranked cryptocurrency in the market. In addition to the news, Shardax announced that they are offering a 0% trade fees incentive for the first three months for users who register now.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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.

Image courtesy of Mohamed_Hassan/PixaBay

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Elon Musk Advises Crypto Users To Secure Their Crypto Keys Properly

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The crypto community has not gotten over the fact that the world’s richest man has now invested in Bitcoin and has been pretty active in the industry.

However, the community is now receiving security tips for storing cryptocurrencies from Tesla’s chief executive officer. While pointing the security of cryptocurrencies, Tesla also criticized Freewallet app, a crypto wallet for its slack in security.

He also added that crypto investors should not bother doing business with wallets that don’t provide them with private keys.

Users should store their private keys

The unique way cryptocurrencies are stored makes them not redeemable when the keys are lost. Whether the holder stores them with third-party custodians or exchanges, the owner can only claim them when they provide keys to the crypto funds.

That makes securing the keys the most important thing when dealing with cryptocurrencies. As a result, selecting the safest hot or cold wallet is a priority if users want to keep their crypto investments safe.

Elon Musk has come out to advise investors to always store their private keys personally. For a company to receive the attention of the world’s richest man is something to take advantage of to grow. However, FreewalletApp’s short conversation with Musk is a sort of negative publicity to them.

After the company engaged with Musk about a Dogecoin-related post, the Tesla founder pointed out faults with the firm.
He advised digital asset investors to stay…

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Bitcoin

Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC

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Cryptocurrency

The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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Partnership Between Bridge Mutual & AllianceBlock Announced

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Decentralized peer-to-peer discretionary digital asset coverage platform Bridge Mutual has announced a partnership with AllianceBlock. AllianceBlock is a decentralized, blockchain-agnostic layer 2 protocol bridging decentralized finance with traditional finance. The partnership will allow AllianceBlock and Bridge Mutual to provide traditional investors with a protected bridge to DeFi through decentralized coverage. 

“Discretionary coverage is a very important part of our ecosystem, so we are excited to partner with Bridge Mutual and leverage each other’s technologies,” says Rachid Ajaja, CEO of AllianceBlock. “We look forward to building an ecosystem where all participants have access to the best products while mitigating the ever-present risk of smart contract failure, hacks, and the resultant loss of collateral value.”

In 2020, as much as $200 million worth of digital assets was lost in attacks on major digital asset services. Bridge Mutual’s platform gives users the option to purchase and provide discretionary coverage, reducing investors’ risk of losing funds because of theft, exchange hacks, stablecoin price crashes, exploited contracts, and other vulnerabilities in digital assets. 

By using Alliance Block’s multi-pair liquidity mining platform, Bridge Mutual will be able to offer BMI token holders instant liquidity through staking and high APY rewards for a variety of pairs. Once integrated into AllianceBlock’s P2P lending platform, Bridge mutual will be able to provide coverage to investors. Additionally, Bridge Mutual is working towards…

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