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Zcash (ZEC) Up 45% With Gemini Listing and Trading Pairs




The uncertainty as to whether the privacy aspect of Zcash (ZEC) was an advantage or disadvantage has been forever extinguished with the developments of the last day with respect to the coin. The first of these developments being that the Gemini exchange, that is co-founded by the Winklevoss twins, is now the first licensed Zcash Exchange. The exchange revealed yesterday, that it will open Zcash trading on the platform and pair ZEC against the US Dollar (USD), Bitcoin (BTC) and Ethereum (ETH).

According to Tyler Winklevoss, CEO of Gemini, Zcash picked up on where Bitcoin left off in terms of providing the added privacy much needed on the blockchain ledger.

Also to add is that Gemini is now regulated by the New York State Department of Financial Services (NYDFS). The organization is considered as being one of the most strict in the US cryptocurrency industry. This, in turn, made the Gemini exchange to meticulously carry out due diligence before listing Zcash trading on the platform.

ZEC trading will officially begin today at 9.30 Eastern American Time with deposits being available from Saturday, May 19th.

The above announcement then led Zcash (ZEC) on a rally that has led the coin to increase in value by 45% in 24 hours. ZEC is currently priced at $357 and looks like it will be a matter of time before it regains a spot at the top ten according to ZEC is currently ranked 23rd in terms of market capitalization and has been the subject of uncertainty, as earlier mentioned, due to the privacy aspect that is a topic of contention amongst financial regulators and lawmakers. They argue that 100% privacy can be misused by rogue individuals who want to commit fraud, money laundering or even other unspeakable crimes.

This concern seems to have been cleared with the ZEC listing on Gemini.

ZCash has also been the coin of noteworthy mentioning by crusaders of privacy and reduced government surveillance. Edward Snowden is one such individual. Snowden has been quoted as saying that Zcash is the only altcoin he knows, for now, that is designed and built by professional and academic cryptographers.

What might happen moving forward, is that ZEC will reclaim its glory amongst the top 10 coins and even maybe reach the much anticipated $1,000 value depending on the daily trade volume that Gemini creates.

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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.

Image courtesy of beamaed via Flickr


3 Things to Avoid if You Want Your ICO to Succeed




Initial Coin Offerings, or ICO, have become quite popular in 2017, which is something that also continued throughout 2018. In fact, there were hundreds, if not thousands of them so far. However, no matter how many of them were organized, most never managed to make it into the market and achieve their goals.

Analysts claim that there are a lot more failed ICOs than there are successful ones, which has caused a lot of people to simply give up on the idea. However, many are still curious to know what went wrong, and while failed ICOs can be studied for years without discovering absolutely every flaw, some of the bigger ones can be spotted right away.

This is why we will now list top three reasons why so many ICOs failed, and everyone who is thinking about launching one should pay close attention.

1. The lack of demand for the product

According to estimates, around 60% of ICOs often fail at the first stage simply for the lack of interest in what they offer. When someone comes up with an idea and launches an ICO in order to raise money, they are presuming that people will be interested in investing in this idea. In addition, prior to making an announcement that an ICO is coming, it is wise to ensure that the announcement will be heard in the first place.

Additionally, ICOs need to be approved by appropriate…

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Reasons Behind The New Bitcoin Crash



Bitcoin crash

Cryptocurrency investors and supporters experienced quite a shock last week with the latest Bitcoin crash. Almost every single one of top 100 cryptocurrencies trading in the red. Not only that, but most of them experienced massive losses, often larger than 12%, or even 15%.

The event was unexpected and all cryptos, with the exception of a handful of stablecoins, lost a large part of their value. However, as always, Bitcoin is the one receiving the most attention, especially since this is the first time that BTC has dropped below $6,000 in a long while. Right now, Bitcoin is still losing value, with its current price being at $5,503.11 per coin, and a drop of 12.76% in the last 24 hours.

After the initial shock, a lot of investors started wondering and researching the new crash. The main question still remains: Why did this happen?

While this is more than understandable, especially considering how much money, time, and patience people have invested in crypto, the reasons behind the new crash remain obscure to many. Because of that, we are now going to explain two events that are most likely to be causing this situation.

1. The selloff

This is believed to be the main reason for the new crash of Bitcoin. The selloff came as a consequence of the last year’s bull run, which has launched BTC and other coins to entirely new heights. Because of that, numerous…

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Here’s Why This Coin Still Has Wings (WINGS)




WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.

What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.

The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…

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