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

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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 coinmarketcap.com. 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

Altcoins

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

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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?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

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,…

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CoinFlip Scores Big with BRD Wallet Partnership

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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…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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