Coinbase adds Ethereum Classic

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With the arrival of the Ethereum Classic coin to the Coinbase portfolio, not much movement has taken place. Since August 15th it has only gained 1.72%; however, the general mood in the crypto world has been somewhat upbeat with small gains. The ETF session will be upon us soon, but the general feeling is this may not be beneficial to the coins.
The last two weeks have been exceptionally quiet on Twitter, as most of the news has been retweeted and dull, to say the least.
On the financial side of the world, the IMF has just released its overview of China’s economy and makes for fascinating reading. In the current economic climate, China has moved forward into the digital era with a spring in its step. Many Fintech companies are addressing real-time issues and implementing blockchain at their core. The fact that China has pulled over eight hundred million out of poverty in the last years is awe-inspiring considering that compared to that of other countries that are still struggling.

Related article: People’s Republic of China : 2018 Article IV Consultation-Press Release


The Blockchain wobble

The news abounds on the web, with companies starting to line up and take on the challenge of the Blockchain and all that it entails. However, the market price for nearly all the Alt Coins has dropped. Starting with the BTC/USD pair, the price has gone from 7719.3 USD down to 7270.5 USD.

coinmarketcap BTC 4-8-18

The news that Coinbase is adding further currencies to its portfolio has not encouraged additional investments. The company has confirmed the addition of the Ethereum Classic coin but is only exploring:

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Cardano ADA

Ranked 8 Cardano is a project that began in 2015 as an effort to change the way cryptocurrencies are designed and developed. The overall focus beyond a particular set of innovations is to provide a more balanced and sustainable ecosystem that better accounts for the needs of its users as well as other systems seeking integration.

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Basic Attention Token BAT

Ranked 42 Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain.

The token can be used to obtain a variety of advertising and attention-based services on the Brave platform. The utility of the symbol is based on user attention, which merely means a person’s focused mental engagement.

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Stella Lumens XLM

Ranked 6 With a team of top technology and finance professionals, the nonprofit expands access to low-cost financial services to fight poverty and maximise individual potential.

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Zcash ZEC 

Ranked 19 Bitcoin and most cryptocurrencies expose your entire payment history to the public. Zcash is the first open, permissionless cryptocurrency that can adequately protect the privacy of transactions using zero-knowledge cryptography.

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Ranked 23 The Ethereum blockchain is an open, borderless financial system that represents a wide variety of assets as cryptographic tokens. In the future, most digital assets and goods will be tokenised.

Finally, on the last note, my Coinbase portfolio show the full extent of the downward trend, even though I purchase €50 this previous week.

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