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Top 10 Most Promising Crypto Startups for 2019

Top 10 Most Promising Crypto Startups for 2019

The crypto and blockchain industry is the hottest space in finch over the last few years, and shows no signs of stopping or slowing its pace. The industry is host to some of the greatest minds in technology and finance, who are creating new projects that will forever change the world.

With so many exciting projects all around the crypto market and blockchain industry, it’s difficult to cut through all the noise and spot which are the best of the best. The following ten crypto startups represent the very best the industry has to offer, and should be watched closely as they have potential to leave a radical impact in the space forever.

Lolli

Lolli is a Google Chrome add-on and web portal that allows consumers to complete their everyday shopping needs through Lolli, in order to earn a portion back from their spending in Bitcoin.

Lolli works with over 500+ top brands that people would actually want to shop at, including Macy’s, Walmart, Best Buy, GoDaddy, and many more major household names. After a purchase is completed through Lolli, the user will receive a percentage back in Bitcoin depending on the purchase amount, and which retailer the purchase was made at.

PrimeXBT

PrimeXBT is a 4th generation cryptocurrency exchange currently causing a major shakeup throughout the industry. Most crypto exchanges offer traders the ability to buy and sell, but that’s about it. This trading strategy has become almost impossible to profit from during the current sideways price action.

With PrimeXBT, traders can use up to 100x leverage to both go long (buy), and short (sell) the market, depending on which direction the trader predicts. To help make a trader’s job easier, PrimeXBT also offers advanced charting tools, customizable widgets, and more to improve a trader’s chance of making a successful trade and closing in profit.

Finally, PrimeXBT offers a 4-level deep affiliate program that is spreading like wildfire among the cryptocurrency community. Everywhere you turn, it’s difficult not to encounter a trader talking about PrimeXBT.

Orchid Labs

Orchid Labs is a San Francisco-based start up that aims to keep the internet open and surveillance-free. Orchid Labs believes there are basic human freedoms such as speech and our search for knowledge that may be in jeopardy if the freedom the internet offers is ever hindered in some way.

Orchid Labs offers a suite of open source tools and blockchain protocols, one of which is an Ethereum-based open marketplace for bandwidth. By operating on Ethereum, no central authority is needed, and it allows Orchid’s clients to transact with no middle men on their low-cost marketplace for bandwidth and VPN connectivity.

Harbor

Harbor offers a blockchain-based platform and compliance protocol for private securities, such as investment funds and commercial real estate, that turns them into more liquid tokenized assets.

Private securities transactions often carry complex requirements, and suffer from limited liquidity. By tokenizing these assets, all aspects of the transaction can be digitally traced and verified.

Harbor handles all aspects of a transaction, from legal and tax documents, to accreditation and on boarding, for an investor or issuer on its institutional-grade platform.

Cryzen

Trading cryptocurrencies can be stressful, and requires much research and a complete separation from one’s emotions. The best way to remove all human emotion from one’s trading strategy, is to have bots do the trading for you.

Not only can users develop trading strategies using Cryzen’s trade assist tools, but they can regularly backtest any strategies to ensure effectiveness before deploying into real world situations with actual capital on the line. The bots can be used to automatically rebalance portfolios, or can buy or sell assets based on the indicators a user specifies.

Saga Foundation

The Saga Foundation is the team behind Saga coin, a reserve-backed stablecoin. Where Saga Coin differs from the majority of other stablecoins in the crypto market is due to the fact the Saga Foundation requires holders of the coin to pass extensive know-your customer and anti-money laundering verifications.

But by doing this, Saga Coin hopes it can receive more support from regulatory entities across the globe by removing the primary concerns these organizations have regarding cryptocurrencies.

ShipChain

ShipChain is an end-to-end logistics platform, designed to provide trustless and transparent tracking for all aspects of a supply chain.

From the moment a shipment leaves a factory, all the way until it arrives at a customer’s door, ShipChain uses blockchain to track and verify each and every step.

Coinlancer

Coinlancer is disrupting the freelance work market, by integrating blockchain in order to connect freelancers with clients to deliver work on a per-project basis.

Using smart contracts on Ethereum, Coinlancer matches freelancers with clients, then handles all the security, transparency, and more via blockchain. Freelancers are able agree to terms of a job listed by a client, who then deposits the funds for completing the job into escrow. Once the freelancer finishes the project, the client can approve the project was completed to satisfaction, and the funds will be released to the freelancer as payment.

Bakkt

Bakkt is an upcoming platform for trading physically-settled Bitcoin Futures contracts, created by the parent company behind the New York Stock Exchange. Part of Bakkt’s significance is simply due to the parent company’s – International Exchange – involvement.

Bakkt seeks to go beyond a simple trading platform, by becoming a cryptocurrency service and warehousing provide, and creating an open and regulated global ecosystem for digital assets. Bakkt is also working with the support of major brand names like Starbucks, Microsoft, and more.

Paxos

Paxos is a new stablecoin and one of the rare few that has been approved by the New York Department of Financial Services. It is also approved and regulated by the US Securities and Exchange Commission. Like Tether and USD Coin, Paxos is fully backed by the US dollar.

The Ethereum-based ERC20 token is being pitched as a digital alternative to cash. Paxos views crypto as a digital age solution for money, however, aims to remove the volatility and unregulated aspects of cryptocurrency through its Paxos Standard stablecoin.

Summary

This list represents the most promising startups shaping the future of the crypto and blockchain industries. Like all startups, some will fail, while others will become the leaders in their respective space.

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As it grows, how much ground will XRP cover next year?

As it grows, how much ground will XRP cover next year?

Quick take

1 minute read

  • Is 2021 XRP’s year?
  • How adoption will result in the success of the token.

Timothy Peterson, the well-known advocate for bitcoin and manager of global macro, believes that the San Francisco-based XRP token will have its best year in 2021 since 2017. 

As previously reported earlier this week, Peterson has recently said:

“I know it doesn’t look like much but this is $XRP lowest price forward. I think people will be surprised at $Ripple’s performance in 2021. It will probably have its best year since 2017 and maybe outperform #Bitcoin.”

As many people will already be aware, the success for ripple and its token will all depend on adoption by financial institutions. They have developed numerous new products such as rippleX in order to help facilitate a seamless transaction on the decentralised ecosystem for the network. But for the tokens targeted market, only 2% of financial institutions are actually willing to use it.

The Chief Technical Officer of Ripple, David Schwartz has previously said that there are numerous obstacles that prevent adoption for the token some of which include problems with regulation. That being said, well-known traders and investors at Galaxy trading have said that the asset is proven to be resilient.

“Although it is perhaps one of the most disliked projects, it has more than once shown its aggressive nature at a time when no one is expecting it.”

They see that the coin is capable of sparking by 10 times its current price as they say:

“We believe that this moment is very close and since catching the exact bottom is something very unpredictable, our advice to all who want to invest is to start buying at these “golden” levels of support where 10X can become a reality.”

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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The benefits of Ethereum 2.0 will come sooner rather than later according to Vitalik Buterin

The benefits of Ethereum 2.0 will come sooner rather than later according to Vitalik Buterin

Quick take

1 minute read

  • Vitalik Buterin, has recently answered a number of questions from the community as a part of a “ask me anything“ session on Reddit. 
  • The co-founder highlighted many different topics but specifically said that he expects some significant and noticeable network improvements to come for the project sooner rather than later. 

Vitalik Buterin, the co-founder of one of the biggest crypto projects in the industry known as Ethereum has recently answered a number of questions from the community as a part of a “ask me anything“ session on Reddit. The co-founder highlighted many different topics but specifically said that he expects some significant and noticeable network improvements to come for the project sooner rather than later. He further said:

“TLDR: merge happens faster, PoS happens faster, you get your juicy 100k TPS faster.”

Over the years, the network for Ethereum has experienced some significant rounds of high congestion. Three years ago in 2017, the popular CryptoKitties game slowed down the network massively but with the decentralised finance space growing rapidly, the network has been seriously clogged up.

As a result of this, it has led to high fees and longer than average confirmation times.

With Ethereum 2.0 very much just around the corner, there is a significant scaling upgrade solution that is supposedly going to speed up the network rapidly. This will increase the number of transactions per second and it will also move the blockchain to a different consensus algorithm known as a proof of stake. Phase 0 for the upgrade is set to occur on the 1st of December in two weeks!

The co-founder further went on to say that “all of these changes are designed to decrease the time until eth2 becomes useful to people.” 

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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The second richest man in Mexico invest 10% of his portfolio into BTC

The second richest man in Mexico invest 10% of his portfolio into BTC

Quick take

1 minute read

  • Ricardo Salinas Pliego is the second wealthiest businessman in Mexico and the 166th richest man in the world. 
  • It was recently announced last week that he has invested 10% of his liquid portfolio into the leading cryptocurrency, bitcoin. 

Ricardo Salinas Pliego is the second wealthiest businessman in Mexico and the 166th richest man in the world. It was recently announced last week that he has invested 10% of his liquid portfolio into the leading cryptocurrency, bitcoin. This came after he shared a video throwing huge amounts of paper money into the garbage. Not only does it show how worthless the government-issued cash is in today’s world but it also shows how important digital assets such as bitcoin could become.

Furthermore, the video indicates the hyperinflation and how bad it got in Venezuela.

Ricardo is worth more than $11 billion at the time of writing and is the only billionaire from Mexico who seems to have benefited from the coronavirus pandemic and the economic crisis that has come as a result.

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Coinbase co-founder, Fred Ehrsam set to join Fireblocks as a member of the board

Coinbase co-founder, Fred Ehrsam set to join Fireblocks as a member of the board

Quick Take

1 minute read

  • Fred Ehrsam, the co-founder of the crypto platform known as Coinbase is getting ready to join the digital asset security platform Fireblocks. 
  • It was announced last week that Fred would be joining the board following a recent round of funding.

Fred Ehrsam, the co-founder of the crypto platform known as Coinbase is getting ready to join the digital asset security platform Fireblocks. It was announced last week that Fred would be joining the board following a recent round of funding.

The co-founder of the well-known crypto platform is getting ready to join the company as a board member following a $30 million funding ground to help expand its operations on an international level.

Throughout 2020, Fireblocks has launched a secure asset transfer network which would allow more institutions to efficiently transfer assets on chain. And on top of this, the platform also announced that it has seen more than $150 billion in transferred assets over the course of the past year. Fred has said:

“Fireblocks has become the go-to for any business looking to build new digital asset operations or scale existing ones… The extraordinary growth of the Fireblocks Network and its team in the last year attests to the enormous value they have unlocked for enterprise and institutional customers.”

 

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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