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  • Crypto2Mobile.com offers top ups and recharges of mobile phone accounts and many other vouchers

    Crypto2Mobile.com offers top ups and recharges of mobile phone accounts and many other vouchers

    Crypto2Mobile.com is a very handy and smart service, where one can buy mobile top ups and recharges of airtime for cryptocurrency. Company is integrated with Reloadly as a partner delivering top-ups and with Paycoiner as a partner delivering crypto payment services. Crypto2Mobile.com also uses its own code depot in order to provide vouchers and recharges in better prices. It will soon be implemented together with the new page layout and new, optimized payment process. Also new categories of vouchers will be available for cryptocurrency. 

    There will be 5 domains of top ups and vouchers:

    • The 1st group of recharges are telecom recharges for BTC, ETH, BCH, LTC or others, airtime and pin codes for over 9000 mobile and fixed operators from 150 countries. The company is delivering recharges for all global players, including T-Mobile, Vodafone, Orange, AT&T, Verizon, NTT, China Mobile, Unicom or Telefonica. From Africa they serve Airtel, MTN, Tigo and hundreds of more. The process is automated, so the customer will be able to make a transaction within 35 secs. Here is a short video of how it works: https://crypto2mobile.com/welcome-to-crypto2mobile/
    • 2nd category are Games and Apps. These include cryptocurrency sales of vouchers for Steam, PSP, Microsoft, Google Play, AppStore, iTunes, Minecraft, Nintendo and many more. Users get their voucher within seconds and can recharge accounts in games or application stores. The company has bought already domain: crypto2game.com
    • 3rd group of vouchers is associated with travel – this means available vouchers for cryptocurrency for Booking.com, Airbnb, Hotels.com, Uber, Bolt and many more travel options. In the future there will be available air and train tickets and more accommodation options. We hope also car-rental vouchers will be available for cryptocurrency with Cypto2Mobile, such as: Budget, Avis, Enterprise, Sixts or Thrifty. This service will be also available under domain crypto2travel.com.
    • 4th group of vouchers sold for crypto on crypto2mobile.com includes marketplaces and shopping options. Here, we will find all giants, such as vouchers for bitcoins to top up Amazon, AliExpress, Ebay, DX, Allegro, Zalando to mention just the biggest. It would be easy to convert cryptocurrency such as Bitcoins or Ethereum into vouchers on the biggest trading platformy and convert value into any sort of physical goods we need. No surprise that also these categories will be accessible from separate domains, in this case which is crypto2shopping.com.

    Crypto2mobile.com will also offer recharges and account top ups for streaming media services, including Netflix, Spotify, YouTube, iTunes and many other sorts of streaming options. For BTC or ETH or BCH users will be able to instantly access streaming services. This category would be also accessible from a separate domain: crypto2media.com.

    To summarizing, there will be a whole family of services, accessible under clear domain segmentation: crypto2mobile.com, crypto2game.com, crypto2travel.com and crypto2shopping.com and crypto2media.com.

    Whole project looks very interesting, also because of allowing 3rd parties to integrate in white label model. Founders foresee that cryptocurrency trading platforms, wallets or payment providers will benefit from the revenue share model and distribution of vouchers will speed-up if parties exclude the necessity of using FIAT money in between. The first partner, coincasso.io, is taking place in pilot implementation. CoinCasso users soon would be able to buy hundreds of vouchers and top ups without leaving their trading platform. More companies are watching the project and are expected here to come after successful implementation with coincasso.io.

  • Top 3 Coins to Watch – Week 45

    Top 3 Coins to Watch – Week 45

    As we make our way through Q4 2020, several cryptocurrency projects are making upgrades to their platforms and other changes that could arouse the interest of the broader cryptocurrency community. As always, we have prepared a selection of top 3 coins to watch. This week’s selection includes a cross-blockchain DeFi platform token, a token of a cryptocurrency derivates exchange and a native token of crypto Visa card issuer. We should warn you, however, that this is not investment advice, since, especially in this week’s selection, the price change is likely to end up in the red.

    1. Kava (KAVA) 

    Developed by Kava Labs the Kava blockchain boasts with the title of the first multi-blockchain DeFi platform. Users are eligible for rewards in the form of KAVA tokens for depositing various cryptocurrencies to the protocol’s multi collateral CDP system. The Kava blockchain utilizes the Tendermint consensus and is secured by 100 validators.

    Buy/Sell KAVA

    The team Will Patch a Minor Bug in the Kava 4 Gateway Mainnet Release

    The team behind the cross-blockchain DeFi platform successfully launched the much anticipated Kava 4 Gateway mainnet on October 15, which featured Harvest.io, the world’s first cross-chain money market application and brought support for BTC, XRP, BUSD, KAVA, USDX, and HARD Collateral types. Nevertheless, the mainnet did come with a minor bug, which prevented some interchain transfers. Although no user funds are at risk, the team has put a stop on all interchain transfers until November 3, 10:00 UTC, when the patch v0.12.0 will take effect. All network validators must update their software prior to this date. Instructions on how to update can be found here.

    2. FTX Token (FTT) 

    FTT is a token issued by the popular FTX cryptocurrency derivatives exchange, which says that “FTX Token (FTT) is the backbone of the FTX ecosystem”. In reality, users can enjoy fee rebates based on the amount of FTT being held in their exchange wallet, but the exchange’s official cryptocurrency can also be used for other purposes, such as participating the Initial Exchange Offerings (IEOs) or other programs offered by FTX.

    Buy/Sell FTT

    FTX To Gradually Start Rolling Out Crypto/Stock Trading Pairs

    Following the revival of their IEO platform earlier in the year and the launch of their unique Hashrate Futures, which correlate to the total hashpower of the Bitcoin blockchain, the FTX team is set to roll out another interesting set of products. As announced last week, the FTX futures exchange will start to offer so-called “tokenized stocks” of major U.S. companies, including Amazon, Apple, Facebook, Google, Netflix, Tesla, and the SPDR S&P 500 exchange-traded fund. Users will be able to purchase these stocks, or even fractures of them, through several crypto/tokenized stock trading pairs and all the trades will be monitored by and regulated by CM-Equity, a fully licensed German financial institution. The exchange did not provide a more detailed schedule of the launch of specific trading pairs, but the trade is said to start this week. More information regarding the tokenized stock offering can be found here.

    3. Crypto.com (CRO)

    Crypto.com is a Hong Kong-based crypto debit card issuer, which aims to increase the usage of cryptocurrency as a payment method for everyday purchases. The company, which started out under another name – Monaco, conducted a token sale between May and June of 2017 which raised $26.7 million of funds.

    Buy/Sell CRO

    Crypto.com Discontinues the MCO Token and now only operates with CRO

    Up to now Crypto.com used two tokens: the MCO token, which was linked to the functionalities of the MCO Visa card and the CRO token, which could be utilized on the Crypto.com exchange for fee discounts, discounted purchases of crypto as well as staking and other earn programs. Crypto.com decided it is inefficient to maintain two native tokens and announced the discontinuation of the MCO token in August 2020. Holders had to swap their MCO for CRO prior to November 2, 2020, 23:59 UTC, when the swap program concluded and all unswapped MCO tokens became useless.

    However, the merger of the tokens seems to have only accelerated the decline of Crypto.com. Many users jump onto the CRO bandwagon early on due to their insane offering of cryptocurrency debit cards and perks and discounts that came with them. Although users had to stake CRO to receive these benefits, the offered staking deals were very lucrative compared to those offered by rivals. It has now become obvious that these perks could not be sustained over the long term and Crypto.com had to reduce them as well as lower the interest rate on its earn scheme and slash the referral program bonus in half, dropping it from $50 to just $25. The fall of Crypto.com empire became inevitable when industry giant Binance rolled-out its own Visa debit card on top of the already lucrative staking, earn and launch pool deals. This resulted in many Crypto.com’s customers selling their CRO and leaving the platform. The negative sentiment can be observed in the CRO price movement as well since the value of the token is down by almost 50% since October 13. In addition, Crypto.com offered a 20% early swap discount for users wanting to swap their MCO for CRO at a better rate. However, the deal was offered under one important condition – the users were required to stake their CRO tokens for a period of 6 months. Once these contracts unlock, the freed CRO is likely going to end up being sold on the market, thereby significantly increasing the sell pressure, and decreasing the token’s price. If Crypto.com does not find a way to drive the demand for CRO up, which can be generated by the influx of new users, the CRO is set to plunge even lower.

  • Weekly Recap: Bitcoin and Ethereum Go Through High Volatility Ahead of the US Presidential Election

    Weekly Recap: Bitcoin and Ethereum Go Through High Volatility Ahead of the US Presidential Election

    Konstantin Anissimov, Executive Director at CEX.IO

    Bitcoin Rises to a New Yearly High of $13,864

    Volatility has struck back the cryptocurrency market a week ahead of the U.S. presidential election. While most altcoins went through a steep correction, Bitcoin rose to new yearly highs. Its uninterrupted upward price action turned heads as the narrative about BTC’s ability to act as a hedging asset during times of uncertainty resurfaced. 

    The flagship cryptocurrency kicked off the week of October 26th, trading at $13,045. Prices tumbled during the first few hours of Monday’s trading session, but the bulls immediately stepped in. Indeed, BTC dropped to a weekly low of $12,785 around 16:00 UTC, and from that point on, all it did was surge. 

    By the end of Tuesday’s trading session, October 27th, Bitcoin had risen more than 8%. It went from trading at a weekly low of $12,785 to a new yearly high of $13,864. Nonetheless, many market participants who bought BTC around the same price level in June 2019 seemingly took advantage of the bullish impulse to break even in their underwatered positions.

    As sell orders began to pile up, Bitcoin took a 7% nosedive towards the $12,900 support level. The price action that followed was significantly choppy, while the trend remained positive. Regardless, the pioneer cryptocurrency was able to close on Friday, October 30th, at a high of $13,505, providing investors a weekly return of 3.53%. 

    Ethereum Generates 5.70% in Weekly Losses

    Ethereum was one of the altcoins that suffered the most throughout the week of October 26th. As a matter of fact, the smart contracts giant opened Monday’s trading session at a high of $406.32 and quickly began trending downwards. Roughly 16 hours after the weekly open, Ether had dropped nearly 6% to hit a low of $382.21.

    Sidelined investors appear to have taken advantage of the downward trend to enter the market. The spike in buying pressure saw Ethereum rise over 7.7% to hit a weekly high of $411.77 on Tuesday, October 27th, at 16:00 UTC. However, the bears stepped back into the market and regained control of ETH’s price action. 

    The second-largest cryptocurrency by market capitalization spent the next three days of the week losing all the gains incurred. By Friday, October 30th, at 8:00 UTC, Ethereum was trading at a low of $373.40, representing a 9.32% correction from the weekly high. While investors were concerned about a steeper correction, it seems like the 200-day simple moving average on the 4-hour chart was able to keep falling prices at bay. 

    Given this trend-following indicator’s strength, Ether rebounded 2.62% and closed on Friday, October 30th, at $383.20. As a result of the downward price action, Ethereum investors incurred a weekly loss of 5.69%.

    Further Volatility Ahead

    The upcoming U.S. presidential election is estimated to bring higher levels of volatility to the cryptocurrency market. Many analysts argue that a win by the Democratic party will negatively impact the stock market, which may spill over to crypto. Nonetheless, historical data shows that Bitcoin has been able to recover quickly in the previous presidential ballots.

    For instance, the bellwether cryptocurrency took a 20% nosedive approximately two weeks before the election in 2012. But a few days later, it recovered and resumed its uptrend. A similar price action took place in 2016 as BTC dropped nearly 12% five days before the U.S. election to then rebound towards higher highs. 

    Now that the market is still assessing the impact of the supply shock Bitcoin experienced after its halving, history may repeat itself. On-chain data shows that both BTC and ETH sit on top of massive supply barriers that may have the ability to absorb any downward pressure. Therefore, the odds currently favor the bulls.

  • Bitcoin Price Analysis – BTC Whipsaw Price Action Begins As Uncertainty Enters Market With US Presidential Elections Just Days Away

    Bitcoin Price Analysis – BTC Whipsaw Price Action Begins As Uncertainty Enters Market With US Presidential Elections Just Days Away

    bitcoin-price-analysis

    Support:
    $13,221, $13,000, $12,755, $12,600, $12,500, $12,300, $11,870, $11,800, $11,583, $11,500.
    Resistance:
    $13,475, $13,500, $13,665, $13,835, $14,000, $14,135, $14,250, $14,550, $14,750, $15,000

    Key Highlights:

    • Bitcoin saw a small .5% price rise today as it trades around $13,250.
    • Uncertainty revolving around the US Presidential Election is starting to dampen the current Bitcoin bull run.
    • COVID-19 Surges in Europe are causing further lockdowns in Europe, which will be bad for the world economy.

    The price of Bitcoin has seen somewhat of a rollercoaster today. The coin had surged as high as $13,500 in the early hours of the day but has since dropped lower to reach $13,275. The cryptocurrency has come down from the high of around $13,835 that was seen earlier in the week, and it looks to be struggling to break the resistance at $13,475 over the past couple of days.

    Buy/Sell Bitcoin

    Bitcoin’s price has been surging in October after it broke above a symmetrical triangle pattern at the start of the month. The push higher is primarily driven by fundamental factors such as COVID-19 cases’ resurgence leading to another fiscal stimulus package set of negotiations in the USA. Another $2 trillion is estimated to be printed, which would be harmful to the US Dollar. As a result, sitting on US Dollar reserves would yield a negative return, so investors are looking for safe-haven assets to place their cash – Bitcoin being one of them.

    This has led to several institutions starting to buy BTC with their cash reserves. For example, MicroStrategy increased their holdings of BTC above $500 million, and many other institutions have followed.

    Bitcoin had surged higher this morning after the announcement that the ECB announced that it would be providing further monetary stimulus to the European region. Christine Lagarde, ECB President, stated that the bank would do everything they could to address the unfolding situation. Over the last couple of days, Germany and France both went into full national lockdowns amidst rising COVID-19 cases.

    However, even with this announcement, Bitcoin’s price then fell lower as it broke beneath $13,500 to reach beneath $13,200. It has since bounced higher to trade at $13,275 at the time of writing. The latest drop is down to the fact that there might be another “Risk Off” scenario in the overall broader market. 

    Michelle Meyer, a Bank of America economist, stated that the upcoming US Elections could result in a 20% drop in the US stock market. She noted that the election result is not the biggest threat; instead, if the opposing party would contest the result, it would be a significant threat. On the other hand, a landslide victory would be much welcomed and could lead to a stock market rally.

    One thing we do know is the fact that markets HATE uncertainty. It is the biggest killer for volume as investors choose to pull their assets and wait on the sidelines until the uncertainty has played out. As a result, we might see some whipsaw like price action on Bitcoin until the election has run its course over the next week.

    Let us take a quick look at the markets and see where we might be heading.

    Bitcoin Price Analysis

    BTC/USD – 1 DAY CHART – MEDIUM TERM

    What has been going on?

    Taking a look at the daily chart above, we can see that BTC had reached a fresh 2020 high this week. It was initially struggling to break the resistance at $13,221 until Tuesday when Bitcoin’s price managed to surge as high as $13,800.

    Bitcoin continued to spike higher on Wednesday as it climbed toward $13,835 (1.272 Fib Extension). It could not break this resistance, which saw the coin’s price to head lower as it spiked beneath $13,000.

    Over the next two days, Bitcoin managed to sustain itself above $13,000, but it has struggled to break the resistance at $12,475 (long term 1.414 Fib Extension – orange).

    Today, we can see the whipsaw like price action as BTC surged as high as $13,665 but then dipped beneath $13,200 when the Bank of America analyst predicted a potential 20% stock market drop.

    Bitcoin price short-term prediction: BULLISH

    Bitcoin remains bullish, despite the recent price falls. The coin would need to drop beneath $12,500 before it starts to turn neutral. It would need to continue further beneath $11,000 to be in danger of turning bearish again.

    If the sellers push back beneath $13,220, the first level of support lies at $13,000 (.236 Fib Retracement). Added support is found at $12,848, $12,600 (July 19’ High-Day Close), $12,5111 (.382 Fib), and $12,1216.

    If Bitcoin continues to drop beneath the $12,000 support, further support lies at $11,800, $11,691 (.618 Fib), $11,500, $11,250, and $11,000.

    Where Is The Resistance Toward The Upside?

    On the other side, the first level of resistance to overcome lies at $13,475. Above this, resistance is found at $13,665, $13,835 (1.272 Fib Extension – green), $14,000, and $14,135 (1.618 Fib Extension – orange).

    This is followed by additional resistance at $14,320, $14,551, $14,800, and $15,000.

    What Are The Technical Indicators Showing?

    The RSI is dropping from overbought conditions but still remains above the mid-line to show the buyers still control the market momentum. However, the falling RSI indicates the buying momentum is fading.

    Buy/Sell Bitcoin
  • Pragmatic Play and Stake.com Are Changing The Crypto Gambling Market

    Pragmatic Play and Stake.com Are Changing The Crypto Gambling Market

    Pragmatic Play and Stake.com have reached an agreement that will change the sphere of the crypto gambling market – taking a gaming experience to the next level

    Pragmatic Play is one of the most played online slots provider in the world, with a live casino, bingo, and scratch games solution putting them ahead of the rest. They are by far the most played slots provider in the industry.

    Stake.com is a crypto casino and sportsbook, also the largest in their industry. With 30 billion bets taken already in just three years, this immediately comes across as two gaming leaders combining to take their platforms to the next level.

    The partnership between the two industry giants goes above and beyond just the integration of the games on Stake’s platform through Softswiss. Stake players will now have exclusive access to some Pragmatic new releases, kicking off with Pirate Gold Deluxe, before any other casino in the world.

  • 28th October: Bitcoin Retraces Gains, Ethereum in Steep Fall

    28th October: Bitcoin Retraces Gains, Ethereum in Steep Fall

    BTC/USD

    On 28th October, Wednesday, Bitcoin came under selling pressure from the $13,949 daily resistance level and the high of 2019 momentarily reached on 27th October. The BTC/USD pair opened Wednesday’s trading session at $13,657 at 3:00 UTC the corrective move took its first stride and continued through to 15:00. The day’s 14:00 hourly candlestick finished in a hanging man with the day’s low at $12,900 as of 18:00 UTC, leading to a slight recovery bounce.

    Wednesday’s corrective retracement shows that there is selling volume placed near $13,949 and that there is a support zone between $12,965 and $13,055. This makes it highly probable that the zone between $12,965 and $13,840 will be centric for the BTC/USD price action for the rest of the week of 26th October. A return to $13,800 is a clear target level for Bitcoin buyers for the rest of the week.

    ETH/USD

    Ethereum has been driven sharply down to under $389 on 28th October by Bitcoin’s corrective move. After the day’s open at $405 the pair began going steeply down from 3:00 UTC through to 17:00 UTC. At the day’s low as of 17:00, the pair almost touched the $378 support level, stopping at $380.7. With the day’s price action, the uptrend’s lower boundary has now come under the threat of breach.

    The $378 support level can lend Ether some support, but it most likely will not stop Ether’s downside move in case there is no quick return to $13,800 in Bitcoin. The 50-day SMA is at $369.5 as of 28th October and may also act as support in case ETH/USD falls below $378. But a move below $369 will likely reverse the currently ongoing uptrend in the ETH/USD pair.

  • META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

    META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

    Boca Raton, Florida, 27th October, 2020, // ChainWire //

    Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

    META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

    According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

    META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty.

    Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions are dropped or settled. If similar actions were perpetrated by non-governmental entities, there would be a basis for legal claims and damages, however government agencies are shielded by sovereign immunity laws which generally protect them from lawsuits.

    Since legal actions by government agencies are sporadic, as they often involve disparate parties and lengthy investigations, the cumulative effect of their efforts is usually not seen by causal observers. META 1 will collaborate with other cryptocurrencies who have been targeted for baseless legal claims by government agencies to develop a class action-level case file that will demonstrate the cumulative actions of government agencies in an easy-to-view, compiled format.

    META 1 Coin Trust will form a commission, in partnership with other cryptocurrencies, to formally research and study the results of findings via expert interviews and legal research. Once the findings are documented, legal counsel will be consulted about possible class-action efforts to potentially seek remedies from cumulative damages incurred as part of a clear pattern of targeted abuse and persecution.

    Dunlap added, “We hope that government agencies will notice our efforts to highlight their unfair targeting of cryptocurrencies, so they stop these unethical tactics and allow the crypto community to live and conduct business in peace without the threat of constant harassment. We respect governments’ need to ensure law and order and to protect people’s safety. At the same time, we expect governments to also respect the individual liberties and livelihoods of law-abiding people, which is currently the issue we’ll be investigating.”

    META 1 encourages any cryptocurrency issuers or coin holders who have been subjected to government agency actions in the past to contact META 1 to be a part of this study, via the company’s website contact page at:
    www.meta1.io/META1Contact

    About META 1 Coin Trust:
    META 1 is an asset-backed cryptocurrency that was founded by crypto visionary Robert P. Dunlap with the intention of promoting the concepts of abundance and equity in the service of humanity. As part of its mission, META 1 actively advances the cause of human rights and leads the fight against excessive government regulation and overreach in the jurisdiction-less ecosystem of global cryptocurrency.

    META 1 is also a socially conscious company that envisions a future filled with abundance and prosperity for humanity instead of overreaching lockdowns, taxation and regulations.

    For more information about META 1 Coin Trust, visit: www.meta1.io

    Contact
    Executive Trustee
    Robert Dunlap
    META 1 Coin
    press@meta1.io

  • You Can Now Buy Crypto Through PayPal

    You Can Now Buy Crypto Through PayPal

    Popular payments service PayPal now allows its United States-based to users to buy and sell cryptocurrency through their PayPal wallet. The fact that PayPal is now supporting crypto purchases will make entering the crypto space easier than ever before and it is going to remove a lot of the bottlenecks regarding buying and selling cryptocurrency. Next year, this service will also be available in Venmo, a payments app owned by PayPal.

    Rumors about PayPal’s plans for involving in crypto purchases first started in June and at that time, CoinDesk reported about that issue for the first time. Back then, PayPal didn’t comment on that issue and called it rumors or speculation.

    PayPal is cooperating with cryptocurrency services firm Paxos to get a conditional license from the NYDFS (New York State Department of Financial Services). Paxos has prepared a service that allows fintech companies to offer cryptocurrencies to their customers while staying compliant with the relevant regulations and laws.

    PayPal CEO Daniel Schulman told Reuters that they want to facilitate global acceptance of crypto and make themselves ready for central bank digital currencies in the coming years.

    As we mentioned earlier, PayPal has a conditional license for providing its cryptocurrency services. This license permits a new organization to be compliant through cooperation with an existing licensee.

    PayPal is also thinking about acquiring crypto firms

    PayPal’s ambitions in the cryptocurrency space reportedly extend further than just offering crypto to its clients. Bloomberg recently reported that PayPal wants to acquire cryptocurrency companies, with BitGo reportedly being its first target. BitGo is a long-established company in the cryptocurrency space, and it offers custody, trading and lending services.

    Bloomberg’s sources also said the talks with BitGo could potentially fall through, leading PayPal to look for other acquisition »targets«. PayPal has not officially confirmed the news yet. BitGo is a company with a strong presence in the cryptocurrency space and it has been operating since 2013. In the spring, BitGo launched a lending business, adding to its already extensive selection of services. As we mentioned earlier, PayPal announced its cryptocurrency service last week and it allows users to buy and hold Bitcoin, Ethereum, Bitcoin Cash and Litecoin. The news has been welcomed as an extremely positive development by the cryptocurrency services, since it shows that the legitimacy of cryptocurrencies is growing rapidly.

  • Top 3 Coins to Watch – Week 44

    Top 3 Coins to Watch – Week 44

    As we progress through Q4 2020, several projects are moving ahead with continued development. In addition, Pay Pal recently announced its intent to offer cryptocurrency buying and selling within its platform, which triggered a smaller bull run. Everything looks set for another exciting week on the cryptocurrency markets and our weekly selection of top 3 coins to watch is here to help you choose the most compelling and promising coins this week.

    1. Bitcoin (BTC)

    Although we believe Bitcoin does not need much introduction and that all eyes would be on it even if it were not featured on our list, here is a short summary of the history and key characteristics of the first truly decentralized digital currency. The world’s pioneer cryptocurrency was launched by pseudonymous figure named Satoshi Nakamoto in 2009 and has a capped supply of 21 million coins. The decreasing miner block rewards makes the cryptocurrency scarcer with time, ensuring a deflationary nature. Lately, increased interest from institutional investors has been driving the price further up.

    Buy/Sell BTC

    PayPal’s Move into Crypto Pushes Wall Street into FOMO

    As you may already know, PayPal announced that it would be offering cryptocurrency buying, selling, and holding of Bitcoin, Ethereum, Litecoin, and Bitcoin Cash last week. Although such a move has been anticipated by some, the big news echoed throughout the cryptocurrency community and further. Galaxy Digital CEO Mike Novogratz, who is a Wall Street veteran himself, believes that PayPal’s move did not pass unnoticed and may impel established financial institutions to rethink their policies on cryptocurrency. If, or should we say when, these institutions decide to gain some exposure to cryptocurrency, they are very likely going to choose the world’s oldest and most mature cryptocurrency – Bitcoin.

    In addition, it is not just the sentiment that makes the outlook on the future of BTC so positive, but according to Abra CEO Bill Barhydt, also the fundamental and technical indicators are pointing up. Barhydt, who recently revealed that Bitcoin constituted 50% of his portfolio, wrote:

    “I believe #Bitcoin is the best investment opportunity in the world right now. There are three reasons I believe this to be true today….  Fundamentals, Technicals, and Sentiment.”

    With BTC dominance currently well above 60%, the performance of Bitcoin also has a significant effect on the sentiment of the whole crypto market. While Bitcoin it is by far not the best-performing asset in the crypto top 10 (for example ETH is +200%, LINK +525%, BNB 123%, ADA +200%, while Bitcoin is only +77% YTD) it is hard to imagine these percentages if BTC was in red. Furthermore, Bitcoin recently broke through the $13,000 mark with no bigger effort. Will we see Bitcoin above $14,000 soon?

    2. Horizen (ZEN) 

    Previously known as ZenCash, Horizen is a privacy-focused coin that enables encrypted messaging and utilizes supernodes and Zk-snarks technology.

    Buy/Sell ZEN

    ZEN 2.0.22 Testnet Scheduled for Launch on October 28

    The ZEN 2.0.22 upgrade, which features several security improvements, general maintenance and paves the way to the upcoming reward halving, will launch on the testnet through a soft fork. The soft fork is scheduled to take place at Block 735700, which is estimated to be mined on October 28. The currently utilized ZEN 2.0.21-1 will stop operating at Block 831936 (estimated to occur around November 17) and ZEN 2.0.22 is set to go live on Horizen mainnet at Block 835968 (around November 24/25). Nevertheless, the team urged all exchanges, mining pools, node operators, and full node wallet users to upgrade their software to ZEN 2.0.22 before November 17. You can find more information regarding the mandatory upgrade here. In addition, a ZEN block reward halving is a bit more than one month away. It is set to take place at Block 840000, which is estimated to be mined around December 1.

    3. Aragon (ANT) 

    Aragon is a Ethereum-based enterprise focused-project that aims to simplify the operation of decentralized organizations. The project conducted a very successful ICO in May 2017, which raised 275,000 ETH worth almost $25 million in mere 15 minutes. Aragon creates a virtual land where entrepreneurs and businesses are invited to interact. Disputes among them are resolved through its own decentralized court system. The protocol also features a decentralized governance system, allowing ANT holders to participate in the voting process.

    Buy/Sell ANT

    Governance token’s Upgrade to ANTv2 Starts This Week

    The Aragon Network’s governance token is set to get revamped to ANTv2, a fresh and drastically improved version. The token upgrade process started on October 27 and is outlined here. Once completed, Aragon’s governance system will be much more cost-efficient, as ANTv2 will feature up to three times lower transaction fees and support gasless transfers. In addition, the community is currently voting on the merger proposals for the ANJ (Aragon’s court token) and ANT tokens. The team has extended the period for community review of the merger proposals, hoping that it will help them make a more objective decision regarding the future of the two tokens.