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Coinbase Updating Coins? Stellar (XLM) & Cardano (ADA) Have Potential

Coinbase updating coins: Three days ago the largest cryptocurrency exchange operating in the United States announced that it is exploring five new cryptocurrencies to add to its platform, including Stellar (XLM) and Cardano (ADA).

Coinbase Updating Coins? Stellar (XLM) and Cardano (ADA) Take Center Stage

Is Coinbase updating coins? In the company’s Medium Post, Coinbase announced that they would be exploring the following assets:

  • Cardano (ADA)
  • Basic Attention Token (BAT)
  • Stellar Lumens (XLM)
  • Zcash (ZEC)
  • 0x (ZRX)

Coinbase addressed that is still in the process of adding Ethereum Classic (ETC) to its platform. The company also explained that the assets listed above will require “additional exploratory work” and it cannot guarantee that these coins will be listed for trading.

Coinbase’s statement explains:

“As part of the exploratory process, customers may see public-facing APIs and other signs that we are conducting engineering work to support these assets. While we cannot commit to when or whether these assets will become available at this time, we will provide updates to our customers about the process and what they can expect via the Coinbase blog and Twitter.”

The major cryptocurrency exchange is making a push towards transparency, as in the past there have been many ‘speculations’ as to what coin will be added next to its platform. The company wants to get in front of these rumors from the start and will be making similar announcements moving forward about any assets it’s exploring.

Ripple (XRP) Rumors Put to Rest

The fact that Coinbase is exploring Stellar (XLM) over the higher ranking Ripple speaks volumes as to the company’s stance on the digital asset. Stellar and Ripple were both co-founded by Jeb McCaleb and have identical structures.

The only difference? Target audience.

Ripple is geared towards larger financial institutions whereas the Stellar Foundation seeks to service everyone – more specifically the unbanked.

There have been endless rumors in the past about Ripple (XRP) being added to Coinbase, which have boosted XRP’s price on numerous occasions but this latest announcement makes it clear – it isn’t happening.

It still remains unknown what the exchange has against Ripple Labs, but we know for sure we won’t be seeing it on the Coinbase platform anytime soon.

>> Crypto World Cup FINALS: Charles Hoskinson vs. Charlie Lee

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Cardano (ADA) | Finally Makes CoinDesk Headlines

Cardano (ADA) has finally made headlines at cryptocurrencies’ first news source, CoinDesk. Cardano’s co-founder, Charles Hoskinson, believed that CoinDesk was holding a “blackout” on Cardano for the longest time, but it seems that may be over now.

Cardano (ADA)

Just after ADA was released in October of 2017, Cardano quickly rose to the top ten cryptocurrencies and has remained there ever since. Input/Output (IOHK) fully funds the Cardano project, which means a flashy ICO to amp up ‘hype’ was unnecessary. The project silently rose without flashy endorsements or ‘potential’ partnerships. Frankly, the coin/project came out of nowhere, and I think that was the plan.

Cardano’s project is based on peer-reviewed research, and every single detail of its platform is tested thoroughly before it’s released to the public. Cardano’s code was built from the ground up, and the project and team pride themselves on transparency. Cardano provides an ongoing and continuously updated roadmap that shows which developer is working on what and its current completion percentage.

CoinDesk

Giving the publication and its writers the benefit of the doubt, maybe the journalists felt there wasn’t enough news to publish a Cardano piece just yet, or they didn’t understand it.

Well, the publication almost got it right, except for the fact that they quoted Charles Hoskinson’s long-time nemesis Dan Larimer in the article.

The co-founder’s frustration with the publication is understandable, as many smaller blockchain projects made CoinDesk news before Cardano. Still, as the project progresses in its development, I suspect more articles in the future.

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Stellar (XLM), Cardano (ADA), and Tron (TRX)

The cryptocurrency market surged towards the second-half of the week but will most likely end Friday in the red. At press time, the total cryptocurrency market is trading just below the $270 billion mark. Some of the coins with movement today include Stellar (XLM), Cardano (ADA), and Tron (TRX).

Let’s take a look at these three altcoins and their progress this week.

Stellar (XLM)

Stellar just made a huge announcement via Twitter less than a day ago. The project has been flying under the radar this year with its movements, but its recent unveiling of StellarX is huge news for the non-profit.

StellarX is a peer-to-peer marketplace that is free to use. It will be open to the public this summer and users are able to get on a waitlist. It will be listing far more assets than just XLM and will be run on the Stellar universal order book. There will be no middlemen or miners, and the trades occur directly from wallet-to-wallet.

At press time, Stellar (XLM) is trading at $0.204 a coin, down -2.92%, in 24 hours.

Cardano (ADA)

Charles Hoskinson, co-founder of Cardano, released a new update on Cardano just two days ago.

The video has pulled in nearly 22K views, and the new way of updating the Cardano community is being received well. The Cardano project puts out weekly technical reports, but it seems investors like a more personal video update instead.

Cardano has just updated its interactive roadmap and has added a new language called Marlowe. Marlowe is a financial domain specific language (DSL) and will allow businesses to execute financial smart contracts on the Cardano infrastructure. The language is currently 30 percent complete.

There were many other updates discussed in the video above, regarding all the things the dev team at Cardano are working on.

At press time, Cardano (ADA) is trading at $0.145 a coin, down -4.61%, in 24 hours.

Tron (TRX)

Tron went through with its ‘independence day’ on June 25th, but it seems all of the exchanges have yet to complete the token migrations. It was anticipated that it would only take a short amount of time for each exchange to complete the process, but it may end up taking weeks.

Currently, the exchanges that have completed the token swap include:

  • Bjex
  • Bitforex
  • Cobo
  • Coinfalcon
  • Gate.io
  • Huobi
  • OKEx
  • Upbit

TRX has declined to the 12th largest cryptocurrency as a result of this. It remains unknown what will happen with the price of TRX when all exchanges open TRX withdrawals and deposits.

At press time, Tron (TRX) is trading at $0.0366 a coin, down –5.93%, in 24 hours.

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Cardano (ADA) and NEO Make a Comeback

The cryptocurrency market made a comeback this weekend, but it seems it has begun correcting itself this morning. Cardano (ADA) and NEO are some of the coins doing well today.

News broke that India’s Supreme Court denied the lifting of the Crypto Bank Ban. The ban will begin on July 5th but could be potentially revoked at a later date. There will be four different petitions that will be revisited by the Supreme Court on July 20th.

This could be the reason why the market has corrected itself, as any news negative towards crypto always causes some panic selling.

Let’s take a look at two coins on the market that have been doing fairly well today, in spite of the current fall.

Cardano (ADA)

Two days ago, Charles Hoskinson announced some big progress for Cardano and some of his thoughts on recent news surrounding his project.

Hoskinson states the Cardano 1.4 is estimated to be released late-Q3 or the first half of Q4 this year.

Hoskinson also announced some ‘housekeeping’ topics, hoping to clear the air on some things. The founder states that the media and individuals have twisted some of his latest tweets, and have twisted them into partnerships which he denies.

For example, Charles Hoskinson presented to Google nearly a month ago, and there is no partnership with the global tech giants. Lastly, he made a suggestion that Tron should switch from EthereumJ to Mantis. Hoskinson wants to clarify that there isn’t a partnership with Tron, it was just merely a suggestion.

At press time, ADA is trading at $0.153 a coin, up 2.80%, in 24 hours. For the week, the digital currency is up 19.3%.

NEO

NEO has been rather silent on the market lately, but yesterday, the project it just signed a partnership with went live. Ontology and NEO announced their joint collaboration at the end of May.

Ontology’s main net launched yesterday and this could very well be why NEO’s price took a sharp rise in price.

At press time, NEO is trading at $36.49 a coin, up 3.16%, in 24 hours. It remains the 12th largest cryptocurrency by its market cap and is up 17.74% this week.

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Charles Hoskinson Suggests Mantis to Tron (TRX)

Charles Hoskinson suggests Mantis: Last week, Tron (TRX) was heavily criticized as developers outside of the project discovered that most of the code on Tron’s platform had been taken from Ethereum’s EthereumJ library.

Tron celebrated its ‘Independence Day’ from Ethereum on the 25th, but ironically it wasn’t independent from the project at all. While the ERC20 TRX token was made irrelevant by being switched over to the Tron main net, the project still has a large chunk of codebase taken directly from Ethereum.

One Twitter commented on the copied code and said:

Not all cryptocurrency projects on the market have built their code from the ground up, such as Cardano has done. The issue with what Tron did lies specifically with not attributing the code to its original source – especially since Tron and its founder, Justin Sun, were so boldly broadcasting the project’s ‘breakaway’ from Ethereum.

Not to mention this infamous tweet where Justin Sun compares how Tron is ‘better’ than Ethereum.

If you have improved on an original idea, that’s great, but you have to give credit where credit is due. Can’t waltz around like you created the entire thing.

Charles Hoskinson Suggests Mantis

Charles Hoskinson was one of the eight co-founders of Ethereum, but due to an issue with its governing structure, Hoskinson left in June 2014. He then went on to build Input|Output, which created Ethereum Classic (ETC).

A group of developers spent seven months building Mantis, a unique Ethereum Classic client, from scratch. Hoskinson addressed Justin Sun and told him that Mantis would better suit Tron.

Justin Sun responded back by saying:

It remains unknown if Tron will make the switch, but it’s an enticing idea.

When Charles Hoskinson suggests Mantis, would you listen?

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