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Crypto

0x (ZRX) Keeps On Gaining – We Might See 0x (ZRX) On Coinbase’s Paradex Crypto Trading Platform

0x (ZRX) is one of the few cryptocurrencies that showed double-digit earnings during the last week. Even now, ZRX is not doing badly as it is still gaining, trading at $1.27, at the moment of this writing, increasing by about 3.5% in the last 24 hours. All the gains 0x (ZRX) recorded are due to the rumors about ZRX addition on either Coinbase or the Paradex crypto trading platform (which, since recently, is a Coinbase subsidiary).

As I’ve said, 0x (ZRX) is traded at $1.27 but, even though it is still gaining, ZRX “lived” its best day past Thursday when it traded upward and recorded a 12.5% increase breaking over the $1.30 level.

What is 0x (ZRX)?

0x (ZRX) is an open source platform designed to deliver decentralized exchange capabilities to ERC20 tokens around the world. The protocol is built on Ethereum (ETH) smart contracts and permits the functioning of decentralized crypto trading platforms.

The ERC20 crypto tokens developed on ETH network keep on expanding and increasing worldwide. The 0x team has proposed to build a platform to facilitate the trading of the ERC20 crypto tokens.

0x platform is neither a centralized nor a decentralized trading environment, however, it employs the best characteristics.

0x (ZRX) to be listed on Coinbase’s Paradex crypto trading platform

CNBC announced on May 23rd the acquisition of Paradex by Coinbase cryptocurrency exchange. Paradex is a trading system which has been specifically engineered to support the direct trading of digital assets.

Coinbase, on its part, stated that they will enhance the technology behind Paradex prior to its formal introduction. Paradex, eventually, will be made commercially available for several hundreds of cryptocurrencies but only for clients located outside the US.

Paradex offered 0x (ZRX) trading before being bought by Coinbase and it is quite possible to be also among the traded ERC20 crypto tokens on the updated crypto trading platform.

Also, if that’s the case, it is also very probable to see 0x (ZRX) on Coinbase, the most popular US-based cryptocurrency exchange.

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Crypto

0x (ZRX) Might Eventually Get On Coinbase Cryptocurrency Exchange

0x (ZRX) is doing very well in the cryptocurrencies market, lately, where all the major crypto coins traded downward until recently today. Refusing to go with the stream, 0x (ZRX) has traded upward and is still pushing up. Even more, ZRX is on the verge to be listed on Coinbase cryptocurrency exchange.

What makes 0x (ZRX) get higher?

In April-May period, this cryptocurrency was among the best-performing digital assets in the world, ahead of the current downturn of the cryptocurrencies market, which slightly reduced today and cryptos trade “green” again.

The more ZRX gained, the more crypto enthusiasts started to wonder why is this crypto gaining so much lately.

At first, they thought it was thanks to the potential 0x (ZRX) listing on Coinbase, the biggest US-based cryptocurrency exchange. However, Coinbase didn’t add ZRX yet. Recently, however, the team behind 0x crypto made significant changes to one of the 0x platforms reigniting the beliefs that 0x (ZRX) is meant to be listed on Coinbase, definitely.

“Proud to build a more equitable future with our colleagues around the world,” stated the 0x team.

So, what makes ZRX grow is the fact that Coinbase acquired Paradex which is built on the 0x network. Furthermore, this Coinbase action triggered a very positive feedback within the 0x community which also helped ZRX increase.

0x (ZRX) Price

At the moment of this article, ZRX trades at $1.27 gaining about 3.44% in the last 24 hours.

On the other hand, 0x (ZRX) is on the 29th position within the cryptocurrencies market with a market cap of about $675 million.

ZRX might eventually get on Coinbase by the end of 2018

Ultimately, all the rumors talking about 0x (ZRX) listing on Coinbase might turn out to be true by the end of the year as this is a great moment for 0x as a whole, not only for its crypto.

Even more, 0x team enjoys the presence of three ex-employees of Coinbase who are working on implementing ZRX on the Coinbase cryptocurrency exchange platforms against the BTC, BCH, LTC, and ETH.

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Crypto News

Ripple (XRP) xRapid Platform Was Successfully Tested By The UK Currencies Direct Forex Broker And Remittances Service

Currencies Direct, a European Forex broker and remittances service, has reported the completion of a very successful test for Ripple (XRP) xRapid platform and described the XRP cryptocurrency as a “game changer”.

Just to be clear, Ripple’s xRapid is the platform that uses Ripple (XRP) cryptocurrencies for its operations, while the other major platform, xCurrent, is employing the use of Ripple network to handle instantaneous and safe cross-border payments.

It might look like xRapid is not used by many banks and financial institutions but, in reality, it is tested by some big names in the financial industry and is even up and running for others. The best example is the successful implementation of the Ripple (XRP) xRapid system within the US-Mexico cross-border payments.

This is the very first time a European remittances service has ever tested the Ripple (XRP) xRapid platform

Currencies Direct, a company which was the #1 money transfer service in Europe in 1996, traded approximately 4.5 billion GBP (about $6 billion) in Forex in the past year and is, thus, a quite big player in this sector on the European market.

The Currencies Direct xRapid trial was performed with a number of cross-border payments across a selection of institutions. Each of these transactions was conducted via the xRapid platform and was completed in a matter of seconds instead of the usual 3 to 5 days which characterizes the international remittances.

How does Ripple (XRP) xRapid work?

To put it in a simple manner, xRapid employes Ripple (XRP) use as an exchange currency to diminish the fees related to Forex, while, at the same time, the network handles the transaction in XRP almost instantaneous.

Ripple explains is as such:

A payment journey with xRapid looks like this: a financial institution connects directly to digital asset exchanges in both the originating and destination corridors. The originating currency is exchanged into XRP which provides the necessary liquidity to power the final payment, and then in seconds that XRP is exchanged into the destination currency in the second digital asset exchange.

Also, as xRapid directly employes the use of Ripple (XRP) cryptocurrency, the more remittances services such as Currencies Direct accepts xRapid, the more the value of Ripple (XRP) will increase, as the applicability and the acceptance of this crypto will increase.

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Crypto

ZepellinOS Is A New Open Source Decentralized Platform To Facilitate Ethereum (ETH) Smart Contracts Use

The blockchain startup Zepellin launched ZeppelinOS, a new decentralized open source platform, aimed at developing, operating and managing smart contracts in Ethrereum (ETH) blockchain.

The announcement was made by Zeppelin’s founder and CEO, Demian Brener, in the company’s corporate blog, adding that the objective is to present solutions to the current difficulties in deploying and improving smart contracts, based on the vulnerabilities that may arise over time.

ZepellinOS open source decentralized platform aims to facilitate the creation of applications on the Ethereum (ETH) network

ZepellinOS offers options to link the applications created to the standard open source smart contracts library, already deployed in Ethereum (ETH) blockchain, which is maintained by a community of more than 100 developers worldwide.

This new platform is the result of a series of studies carried out since 2017 by a team of experts from the company, led by the founders of Zeppelin, Demian Brener and Manuel Araoz.

The goal was to facilitate the creation of applications on the Ethereum (ETH) network, a process that, as explained in the project’s white paper, was slow and cumbersome, as well as costly.

The team worked on the creation of ZeppelinOS, making it possible through a system of update patterns to mutate the source code of smart contracts in order to make improvements to the faults detected over time.

ZepellingOS will handle smart contract on Ethereum (ETH) blockchain with access to new functions

The Zepellin startup announced that ZeppelinOS project will be complemented by new functions, which will be integrated into the platform with the launches to be announced over the next two years.

These features are ZeppelinOS Kernel and the ZEP token.

The first seeks to register standard mechanisms for updating smart contracts and creating new versions of standard contract code libraries. As for the second feature, there will be a ZEP crypto token will also be used to reward developers, among others.

Categories
Crypto

EOS (EOS) Holders Will Have Tokens Frozen If Don’t Register Them Before June 1st When EOS Mainnet Is Set To Launch

With less than a week before EOS moves to its own mainnet, more than 50% of EOS (EOS) tokens are still not registered on the network. A situation that jeopardizes a few million dollars invested and could, in the worst case, affect EOS (EOS) market prices.

The cryptocurrency wallet Exodus was the first to report the situation, warning that more than half of the holders of the EOS ICO ERC20 tokens, hosted on Ethereum (ETH) blockchain, had not registered or updated their public key to claiming their tokens corresponding to the EOS (EOS) blockchain at the time of the migration to its own mainnet.

Millions of dollars in EOS (EOS) could be frozen after Friday, June 1st

The registration or mapping of EOS tokens, as it is also called, must be done by each of the EOS token owners to associate their Ethereum (ETH) wallet to a public key on the EOS (EOS) mainnet. All this with the aim of having your money active on the mainnet.

What if a wallet is not registered?
It’s exposed to backup logging. The Script will synchronize all the public keys of Ethereum in a block range. If you can locate a public key belonging to an unregistered address, it will generate an EOS public key from the Ethereum public key. The public key of Ethereum should match the public key of EOS. (Note: This is highly experimental, but has been tested to work with high confidence.

EOS (EOS) team

EOS (EOS) is secured on the 5th position in the crypto market

Since its ICO, EOS (EOS), an initiative dedicated to arbitration and digital governance with blockchain, has enjoyed popularity among crypto enthusiasts.

At the moment of this article, the EOS (EOS) is the 5th cryptocurrency with a market cap of over $10,5 billion. At this moment, EOS is traded at $11.92, losing about 3% in the last 24 hours.

EOS team and the cryptocurrency wallets and cryptocurrency exchange platforms trading this crypto recommend users to register their EOS tokens before June 1st, as 23 hours after that date the tokens will be frozen until further notice.

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