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Tag: Bitcoin Cash

  • Pro-Crypto Trump Assassination Attempts Surges Clandeno (CLD) ICO Forecasted to 30X Amid Chainlink (LINK) Bitcoin Cash (BCH) Burst

    Pro-Crypto Trump Assassination Attempts Surges Clandeno (CLD) ICO Forecasted to 30X Amid Chainlink (LINK) Bitcoin Cash (BCH) Burst

    • Analysts predict a Chainlink (LINK) move to $50
    • Bitcoin Cash (BCH) is tipped to soar 82$ to $700, a figure last reached in April 2024
    • Clandeno’s (CLD) presale analysts predict 20X gains, making it one of the most sought after Crypto coins coming to market

    The effects of the recent brutal market correction may be in the rearview mirror. Analysts have turned bullish again, with major cryptos set to benefit a lot. Analysts are forecasting Chainlink’s (LINK) rally to $50, which would be its 2024 high so far. Bitcoin Cash (BCH) could revisit the $700 level it last reached in April.

    This improvement in market sentiment augurs well for Clandeno (CLD). This new blockchain-based e-commerce platform is set to challenge Amazon’s market dominance. Apart from its solid fundamentals, Clandeno (CLD) has become a favorite for value investors due to its potential for massive gains.

    Can Clandeno (CLD) outperform Bitcoin Cash (BCH) and Chainlink (LINK)?

    Can Chainlink (LINK) Soar to $50?

    Analysts have given Chainlink (LINK) investors something to smile about. They are predicting Chainlink (LINK) could skyrocket to $50, a 281% increase from its price of $13.11. Chainlink (LINK) gained 84% in the past year despite tumbling 15% on the monthly chart.

    Analysts have turned bullish after Bitcoin (BTC) surpassed $60,100 on July 14. Chainlink (LINK) holders are forecasting a quick jump to $22 in Q4. A renowned analyst chimed in on the matter, stating that $50 is not out of the question. However, the analyst noted that Chainlink would need some time before it reaches $50.

    As predictions run wild, Clandeno (CLD) is gaining traction during its live initial coin offering, making it one of the best crypto investments in H2 2024.

    Bitcoin Cash (BCH): Analysts Forecast an 82% Surge to $700

    Bitcoin Cash (BCH) is currently trading at $383.86, a 12% decline in the past month. This is not exciting for investors itching for huge gains. What is exciting is the bullish Bitcoin Cash (BCH) predictions given by analysts. Analysts are forecasting a move to $700 for Bitcoin Cash, an 82% increase from its current price.

    Bitcoin Cash (BCH) holders argue that this move can happen if there are solid catalysts to move the entire market. Bitcoin Cash (BCH) tends to follow in Bitcoin’s (BTC) footsteps. With Bitcoin (BTC) reaching $60,000 and making its way to $70,000, analysts are convinced that $700 for Bitcoin Cash (BCH) is not out of the question.

    In the meantime, Clandeno (CLD) is a more attractive investment option due to its low price.

    Clandeno (CLD): Live ICO Attracts Heavy Hitters

    Clandeno (CLD) has become a high-value initial coin offering after attracting whales. The new project is building an innovative blockchain-based e-commerce platform. CLD holders will be able to earn passive income through revenue share. This means that Clandeno (CLD) holders will earn a fraction of the income generated on Clandeno (CLD).

    On the investment side, Clandeno (CLD) is a hit with investors because of its tokenomics. Clandeno (CLD) has a hard cap of 525 million CLD tokens. This will help to drive the price of Clandeno (CLD) as supply decreases. The Clandeno (CLD) team will lock its tokens for years, indicating that it is in it for the long haul.

    As the initial coin offering progresses, analysts forecast that Clandeno (CLD) will surge 100X during the presale. Investors seeking massive gains are buying Clandeno (CLD) tokens for a low price.

    To find out more about the Clandeno presale, visit their website here.

    Disclaimer: The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets. Past returns do not always guarantee future profits.

  • Assessing Bitcoin Cash as an Investment: A Newcomer Token Offers Potential for 10x Gains

    Assessing Bitcoin Cash as an Investment: A Newcomer Token Offers Potential for 10x Gains

    Several advanced crypto experts have assessed Bitcoin Cash (BCH) as a high-risk investment for the forthcoming term. Meanwhile, VC Spectra (SPCT) has gained traction as one of the best altcoins to buy today due to its potential to achieve 10x growth at the ongoing presale. Let’s take a closer look at the facts and find out which is the best cryptocurrency to invest in today.

    BUY SPCT TOKENS NOW

    Summary 

    • Bitcoin Cash (BCH) bears expect dips toward $220 by the end of 2023.
    • VC Spectra (SPCT) is set to increase 10x by the end of the presale.

    BCH Price Forecast: Is Bitcoin Cash a Good Investment in 2023?

    The price of Bitcoin Cash (BCH) has dipped by 4.92% within seven days, from $246 on December 7 to $234 on December 14. Several crypto experts have evaluated Bitcoin Cash (BCH) as a non-reliable long-term investment based on several factors, such as Bitcoin Cash’s increased price volatility. Hence, Bitcoin Cash (BCH) bears believe that BCH is set to resume its negative trend and decrease toward $220 by the end of December.

    Despite this pessimistic Bitcoin Cash price prediction, BCH bulls expect rapid surges in the upcoming Bitcoin Cash price movements due to the token’s massive growth potential. For example, analysts claim that the SEC’s potential approval of some of the spot Bitcoin ETF applications could bring about a lengthy uptrend in BCH’s price performance. 

    Furthermore, Binance integrated Bitcoin Cash (BCH) into its convenient Binance Web3 Wallet on December 7. In other Bitcoin Cash news, Coinbase enabled trading in the BCH perpetual future contracts market on the same date.

    Thus, Bitcoin Cash (BCH) enthusiasts are convinced that BCH could soon manage to consolidate its forces and approach the $260 range by the end of 2023. BCH bulls point to the token’s excellent ranking by market capitalization as another factor behind this optimistic Bitcoin Cash price forecast.

    VC Spectra (SPCT) Offers Fantastic Gains and Exclusive Pre-ICO Discounts

    Numerous experienced crypto traders have recognized VC Spectra (SPCT) as a revolutionary token that is set to bring extraordinary short-term and long-term rewards. In addition, VC Spectra’s (SPCT) impressive real-world utility and cutting-edge features have prompted various market experts to suggest SPCT as the best new crypto to invest in 2023.

    VC Spectra (SPCT) is a fresh decentralized hedge fund that provides access to countless rewarding projects within the broader crypto landscape. For example, SPCT holders can delve into a large number of tokens and spread their investment portfolios across the most exciting new Web3 ventures.

    On top of that, VC Spectra (SPCT) offers highly advanced AI-powered trading systems that make for a stable trading experience with effectively decreased risks. Thus, VC Spectra’s (SPCT) decentralized protocol enables users to create successful investment strategies and obtain optimized profits by embracing the best-equipped current blockchain platforms.

    Furthermore, VC Spectra (SPCT) is a BRC-20 standard token built on the unrivaled Bitcoin blockchain and boasts a state-of-the-art deflationary burn mechanism. SPCT adopters receive multiple exclusive benefits such as quarterly dividends, community voting rights, and access to momentous pre-ICO discounts.

    VC Spectra (SPCT) is at Stage 5 of the presale, selling for only $0.077. Therefore, SPCT investors can expect outstanding rewards when the token soon reaches the $0.080 presale target, which denotes an unbelievable 10x increase from the initial figure of $0.008. VC Spectra (SPCT) has the potential to outclass Bitcoin Cash (BCH) and become crypto’s new leading force, so make sure to invest today and earn an enormous bonus on any deposit!

    Learn more about the VC Spectra presale here:

    Presale: https://invest.vcspectra.io/login 

    Website: https://vcspectra.io  

    Telegram: https://t.me/VCSpectra 

    Twitter: https://twitter.com/spectravcfund

    Disclaimer: This is a paid-for sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.

  • Bitcoin is the #1 Coin to Watch for the Week of January 24 – January 30, 2022

    Bitcoin is the #1 Coin to Watch for the Week of January 24 – January 30, 2022

    Week 3 of year 2022 could be vividly described as a bloodbath in cryptocurrency markets. While the total cryptocurrency market capitalization at the start of the week was solid $2.15 trillion all cryptocurrencies in circulation combined were only valued at $1.67 trillion by the end of the week. Most of the more than 20% decrease happened between Thursday, January 20 and Saturday, January 22. While Sunday showed signs of a minor recovery, several cryptos still ended the week deeply in the red numbers. In the last 7 days, BTC is down by 18%, ETH by 27%, BNB 26%, ADA 23%, and SOL 35%, to name just a few large-cap coins. While crypto holders suffered heavy losses this market move also represents an opportunity to acquire crypto assets at prices not seen during the last 6 months. While this week’s article includes two already established crypto assets that are currently trading at a discounted price, do note that crypto markets are as unpredictable as they can get, which means that an even greater plunge might be behind the corner.

    3. Gari Network (GARI)

    Chingari is one of India’s leading social platforms. Similar to TikTok, the platform enables creators to post short videos. While the platform’s native GARI token is currently being used as a governance token, it will also allow creators to monetize their content through token-gated content and creator pools in the near future. The platform’s GARI token utilizes the highly efficient Solana blockchain. Chingari conducted a GARI token IDO on Solana Launchpad platform SolRazr in December 2021 and their app hit the top spot on Play Store India during the same month. The social platform currently boasts over 35 million active users and more than 160 million content views per day.

    Buy/Sell GARI

    Chingari’s GARI token recorded $100 million in trading volume on the first day of trading

    The Chingari’s GARI token recently got listed on 12 centralized cryptocurrency exchanges, including 6 major CEXs: Huobi, FTX, OKEx, KuCoin, Gate.io, and MEXC. Trading of GARI pairs started on all 12 exchanges on January 18 at 13:00 UTC and the first trading day has been a major success for the token and the social platform as stats show that GARI recorded over $100 million in trading volume on the day of its debut on centralized exchanges. The huge interest and engagement from the broader cryptocurrency community also caused rapid GARI appreciation. The token’s value grew more than 200% in a single day as its price surged to over $0.70 per token at times. For comparison, the price of 1 GARI during its first IDO was $0.25. While the token has since retraced back to around $0.40, it is worth keeping an eye on this project, especially as they already have a working product. Furthermore, the Chingari platform’s popularity is growing day by day and so is the number of its active users.

    2. Cardano (ADA)

    Cardano is a decentralized blockchain platform focused at creating a smart contract-enabled environment on which developers can build decentralized applications. Cardano utilizes a proof-of-stake consensus model and aims to provide a more sustainable, scalable, and transparent operation compared to other smart contract blockchains. The project was started in 2017 by Charles Hoskinson, a mathematician who was once part of the Ethereum developer team. The team raised $62.2 million for the project’s development through an ICO. The development of the project is now overseen by three main organizations, the IOHK, Cardano Foundation, and Emurgo. Hoskinson and IOHK strive to follow the principles of academic peer review in the project’s development process. The native asset of the Cardano blockchain is called ADA, but in 2021 the project rolled out an update, which allows users to issue other tokens on the Cardano blockchain as well. In September 2021 smart contracts debuted on the Cardano mainnet, which was a major milestone for the ecosystem.

    Buy/Sell ADA

    Recent dip negated all previous rallies and carried ADA down to a six-month low

    During the last days of 2021, Cardano founder and head developer Charles Hoskinson outlined his Vision for Cardano in 2022 in a 30-minute YouTube video. His vision includes rolling out improvements to Cardano’s DeFi features, the launch of a native web wallet, and a peer-to-peer framework in 2022. While Hoskinson’s appearance caused ADA to rally over 10% that day Cardano users and investors are now reasonably expecting the promises and prepositions from the video to materialize, and ADA could be in danger of losing its high spot among the top cryptocurrencies if that does not happen. ADA then lost some of its value in the first ten days of 2021 but quickly entered a new rally fuelled by the anticipation of the SundaeSwap DEX launch on Cardano. Between January 11 and January 18 ADA was by far the most successful coin from the Top 10 as its price jumped by almost 50% in just seven days. Nevertheless, all that high gains were reversed during the recent selloff and ADA is again changing hands at a price around $1.10. The ADA sell pressure was to some extent intensified by the fact that the launch of the SundaeSwap, which was the main driving factor of the rally, was far less than optimal as users complained about failing transactions due to network congestion. For a brief moment during the selloff, ADA price plunged as low as $0.94, which is not only the new six-month low price but also the lowest ADA price since February 2021. For the ones considering buying ADA now that it is trading at a lower price, it is worth knowing that Cardano stands to benefit from the broader hype surrounding metaverse projects as the first metaverse on Cardano called Pavia is set to hold its final NFT land sale in early February.

    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 a pseudonymous figure named Satoshi Nakamoto in 2009 and has a capped supply of 21 million coins. The decreasing miner block rewards make the cryptocurrency scarcer with time, ensuring a deflationary nature. Bitcoin is also often referred to as the barometer of the cryptocurrency market as other assets usually follow BTC’s price performance.

    Buy/Sell BTC

    Bitcoin hits a six-month low price – Is BTC trading at a discounted price or will the downtrend continue?

    Bitcoin started the year valued above $47,000 per coin and traded sideways until January 6, when the world’s most popular crypto lost around 10% of its value due to the news about the U.S. Federal Reserve signaling a possible interest rate hike. After that Bitcoin again traded sideways, rarely dipping below or surging above the $40,000 – $44,000 channel. That was until January 21, when Bitcoin price plunged by 20% from above $43,000 to as low as $34,500 in under 48 hours as part of the market-wide selloff. At the time of writing, BTC is trading at exactly $35,000, which is a bit higher than the lowest point, but this still means that Bitcoin is trading very near its 6-month low price. While it might look like a perfect time to increase your BTC stake, be aware that there is absolutely no guarantee that $34,500 was the bottom. However, even if you do not decide to invest more money and “buy the dip” (or at least what looks like a dip), it is worth keeping an eye on Bitcoin this week as this week’s Bitcoin performance might determine the new trendline for not only Bitcoin but likely most of the cryptocurrency markets. In other news related to Bitcoin: the popular Cash App recently rolled out support for Lightning Network, a Bitcoin Layer 2 solution that facilitates cheap and near-instantaneous BTC transactions. While this is not so ground-breaking to reverse the BTC price downtrend, the new feature will definitely come in handy to the 36 million monthly active Cash App users.

  • U.S. Bank Starts Offering Cryptocurrency Custody Service to its Clients

    U.S. Bank Starts Offering Cryptocurrency Custody Service to its Clients

    Key takeaways:

    • One of the largest financial institutions in the United States, U.S. Bank has launched a cryptocurrency custodial service for its corporate clients
    • The newly launched service supports Bitcoin, Bitcoin Cash and Litecoin, with support for Ethereum and other tokens coming in the future
    • Over the course of the year, institutional adoption has grown immensely

    One of the biggest financial institutions in the United States, U.S. Bank has started offering cryptocurrency custody services for Bitcoin, Bitcoin Cash, and Litecoin. U.S. Bank joins the likes of JPMorgan and Wells Fargo, which have recently expanded their repertoire of products and services to include crypto offerings.

    Support for Ethereum and other coins is in the pipeline

    U.S. Bank has first announced its plans to help institutional investors storing private keys to their crypto assets back in April. The newly launched service came to fruition in large part due to the collaboration between the bank and a sub-custodian New York Digital Investment Group (NYDIG), which specializes in providing expertise in building sophisticated asset management products. The bank shared the news on Twitter.

    When talking to CNBC, vice-chair of the bank’s wealth management and investment services division, Gunjan Kedia, stated that the fifth-largest bank is working on providing support for Ethereum and other digital assets in the future.

    A growing interest in crypto from the bank’s corporate clientele has been the main reason for the release of the new product. Kedia explains:

    “Our clients are getting very serious about the potential of cryptocurrency as a diversified asset class. I don’t believe there’s a single asset manager that isn’t thinking about it right now.”

    2021 will be remembered as the pivotal year for institutional adoption

    Over the course of this year, numerous institutions have started to fully embrace blockchain technology and made long-term commitments to the industry. El Salvador adopting Bitcoin as legal tender was certainly the headline of the year in this regard, however, countries like Brazil and Ukraine have also made considerable progress towards integrating crypto into their economies.

    The trend is especially clear when looking at the recent report from Chainalysis, which provides insights into the rapidly changing cryptocurrency landscape. Since June ‘20, Europe has grown to become the largest crypto economy in the world, with $1 trillion worth of transactions. The growth has been mostly driven by increased institutional adoption, since institutional-sized crypto transactions now account for roughly 70% of all transactional volume on the Old Continent.

    Payment processing giants have also deepened their ties to the crypto ecosystem. PayPal has started integrating crypto services in October of last year, and has decided to expand its offering to residents outside of US this year, with the launch of crypto services to UK-based customers. Mastercard has committed to start supporting digital assets directly on its network and bought cybersecurity startup CipherTrace to increase the payment platform’s security and prevent fraudulent cryptocurrency activity. At the same time, Visa is working on making its network interoperable between various blockchains, to facilitate payments between tokens issued on different blockchains.

    As of August 26, institutional investors have had 1.47M Bitcoin in possession, worth roughly $80 billion at current market rates.

    Buy/Sell BTC
  • Singapore’s Largest Bank DBS Launches Cryptocurrency Trading Platform

    Singapore’s Largest Bank DBS Launches Cryptocurrency Trading Platform

    Key highlights:

    • DBS Bank of Singapore launches the first crypto exchange that is supported by a traditional bank
    • DBS Digital Exchange will support Bitcoin, Ethereum, XRP, and Bitcoin Cash
    • DBS Digital Exchange will start assets tokenization in 2021

    DBS Bank, the biggest bank in Singapore, is in the process of launching a cryptocurrency exchange.   The platform will list major cryptocurrencies, including Bitcoin, Ethereum, XRP, and Bitcoin Cash. These coins will be traded against the US dollar, the Singapore dollar, the Japanese yen, and the Hong Kong dollar.

    Called DBS Digital Exchange, the business will be one of the first crypto exchanges worldwide that is backed by a traditional bank. Only institutional and accredited investors will be able to trade on this platform. The news is significant, and many investors consider DBS Bank’s move as a legitimization of cryptocurrencies.  

    Assets tokenization on the DBS Digital Exchange 

    Other than trading cryptocurrencies in this exchange, enterprises can tokenize assets such as real estate and raise capital via this mechanism. It is essential for small and medium corporations, and they can digitize their assets by using the DBS Digital Exchange platform. 

    The platform will issue securities tokens, and users can trade, issue, and invest the tokens on the exchange. DBS bank will bring its experience in infrastructure and risk management to crypto exchanges, something we don’t often see in the world of conventional crypto exchanges.

    DBS will bring security and legitimacy to crypto assets 

    DBS Digital Exchange is different from other crypto exchanges. The exchange will keep cryptos by using its banking arm, and the custody process will be institutional-grade. According to DBS Bank, the recently growing demand for cryptocurrencies was the catalyst for its exchange launch.

     The DBS Digital Exchange will be a combination of legacy and modern systems. Legacy systems bring their experience to new designs in this model, then DBS Digital Exchange is an innovative and revolutionary model. 

    DBS Digital Exchange brings institutional-grade security, and its crypto custody will be very different from conventional exchanges. At first, Singapore-based banks were not so friendly to crypto startups because of KYC and AML regulations. Now, however, the situation is different, and DBS’s presence in the space will make a big impact on the position of cryptocurrency in Singapore. Singapore is an essential financial hub in the region, and it wants to maintain its competitive power.

  • Top 3 Coins to Watch – Week 46

    Top 3 Coins to Watch – Week 46

    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. With all eyes on Bitcoin and Ethereum, this week’s selection of top 3 coins to watch aims to shine a light on some smaller market cap cryptocurrencies, which look set for some interesting price action.

    1. Bitcoin Cash (BCH) 

    Bitcoin Cash is a hard fork of the world’s largest cryptocurrency – Bitcoin. It started out on August 1, 2017 following a dispute regarding block size among Bitcoin developers. Bitcoin Cash supporters, led by Roger Ver, pushed for a larger block size limit in order to facilitate more transactions. Bitcoin Cash blockchain thus features an 8 MB block size and can handle up to 116 transactions per second (TPS).

    Buy/Sell BCH

    BCH Hard Fork Expected to take place on November 15

    Due to a disagreement among Bitcoin Cash developers regarding the allocation of BCH for future protocol development funding, Bitcoin Cash is expected to undergo a hard fork around November 15. Already in August, a group called Bitcoin Cash ABC (BCH ABC) proposed a protocol update, which includes a rule that 8% of mined BCH would be distributed to Bitcoin ABC developers in order to finance ongoing protocol development. However, Roger Ver and Bitcoin Cash Node (BCHN) were against this change, leading to the only possible solution to address the wishes of both sides – a hard-fork. It appears that Bitcoin Cash Node will prevail, though:

    “At the present time, over 70% of blocks are signalling for Bitcoin Cash Node while less than 1% are signalling for Bitcoin Cash ABC, so Bitcoin Cash Node looks like it will be the dominant chain by far.”

    BCH holders are advised to keep an eye on the developments around the hard-fork and move their coins to a personal wallet under their control, although some of the leading exchanges such as Binance, Huobi and OKEx have announced that their exchange wallets will support the chain fork. Kraken exchange announced that it will be supporting the Bitcoin Cash Node regardless of the outcome, but as far as Bitcoin Cash ABC is concerned, it will be supported only if hashpower on the ABC network is at least 10% of the hashpower on the Bitcoin Cash Node network. Definitely worth to follow the event, especially if you are already a holder of BCH.

    2. Stratis (STRAX) 

    Stratis is a blockchain environment and a cryptocurrency for enterprise users. With a focus on the financial industry, the project aims to offer its customers an easy way to build blockchain-based solutions. Stratis supports the native C# programming language, which is already widely used, and therefore acts as a simple bridge to blockchain technology.

    Buy/Sell STRAX

    Stratis Mainnet Release to take place on November 12

    The team behind the Stratis project has announced that their mainnet will finally be released on November 12. The updated and renamed STRAX Blockchain will include several new features, including support for the development and deployment of DeFi smart contracts. Even though the name of the project will stay the same, holders are required to swap their STRAT tokens for STRAX tokens, which will be the medium of exchange on the mainnet. Users must swap their tokens until November 12 at 9 AM GMT as STRAX tokens that remain unclaimed in this swap window will be irreversibly destroyed in October 2021. More information regarding the token swap can be found here.

    3. PChain (PI)

    PCHAIN is the world’s first native multichain system, which features the support for Ethereum Virtual Machine (EVM). It consists of one main chain and multiple derived chains and the consensus is reached based on the patented PDBFT algorithm, which has significantly reduced the cost of communication. The smart contracts of PCHAIN can be easily invoked with other non-native Tokens (BCH, ERC20).  Much like Stratis, third-party developers, including corporations and financial institutions, can build smart contract-enabled applications atop PChain.

    Buy/Sell PI

    First Monthly Token Burn Following the Successful Mainnet Update

    PChain’s team completed a successful Mainnet upgrade in October and is set to conduct its fourth monthly token burn. The burn, which will destroy 50 million PI tokens is scheduled to take place on November 15. After November’s burn, the team has 6 more to go, as they plan to continue burning the tokens, until destroy a total of 500 million tokens. Around 2.6% of the total supply is forever removed out of circulation during each burn. In addition, the team has just confirmed the launch of their mobile wallet application for iOS. Android users will sadly have to wait a bit longer, but PChain assures that the wallet will be made available for download in Google Play store soon as it is already being reviewed. Furthermore, Epoch 17 delegation and voting process is scheduled to end this week, with the vote results being publicly announced by November 10.

  • 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.

  • Basic Crypto Terms You Should Know

    Basic Crypto Terms You Should Know

    Using crypto might be challenging if you are not familiar with the so-called crypto language. As a matter of fact, some users are even attending crypto seminars to understand what digital cash is all about.

    Now that we have everything on the internet, here is a quick guide about all the crypto terms explained in simple terms.

    Cryptocurrency

    It is described as digital money that operates on blockchain technology. Unlike your traditional currency, it is decentralized or not controlled by the government or any financial institution.

    Altcoins

    It is basically any other digital currency other than Bitcoin. It is also referred to as alternatives to Bitcoin. In fact, there are more than 5,000 cryptocurrencies in the market right now. Some of these altcoins are:

    Blockchain

    It is described as a distributed ledger system consisting of blocks. These blocks contain all of the verified transactions. What’s amazing about it is that aside from being decentralized, it is also immutable. It simply means that entries included in the blockchain cannot be erased or edited easily.

    Address

    Think of it as your home address but replace it with random numbers and letters. Just like your home address, it determines the destination of any crypto payment. This is also used every time you deposit or withdraw your winnings in any casino site.

    Mining

    It is a process wherein miners create and verify cryptocurrency. Mining also involves complex mathematical problems. The best thing about mining is that it is profitable.

    Cryptography

    It is basically the process of encoding and decoding information using complicated codes. It is also a way to secure all means of communication from malicious third-parties or hackers lurking in the dark. There are three types of cryptography, these are:

    Secret Key Cryptography (SKC)

    It is a single key for both encryption and decryption. It is the sender’s and the receiver’s key.

    Public Key Cryptography (PKC)

    This key is mostly used for authentication, non-repudiation, and key exchange. Unlike SKC, there are two keys. One for encryption while the other is for decryption.

    Hash Functions

    This is the type of cryptography that does not use any keys. Once it is transferred, it is not recoverable.

    Fork

    It is a change in currency’s rules or protocol. It can either be a hard fork or a soft fork. Forking also means a split in the blockchain network.

    In the blockchain fork, anyone can propose improvements and change the code.

    Volatility

    It is the movement of crypto’s value in the market. It can also increase and decrease at any time.

    Initial Coin Offering (ICO)

    This represents the organizations that offer digital tokens to the public to raise money. For instance, if you can mine a specific number of blocks, an organization will reward you with tokens.

    Cold Wallet

    It refers to storing your coins away from the web. It can be in a flash drive or an offline Bitcoin wallet.

    Hot Wallet

    It is your crypto wallet that is connected to the internet. It is also encrypted with random numbers and letters to protect your funds from hackers.

    Fiat Currency

    It refers to any currency issued by the government or any banking institution. It can be dollars, pesos, rupees, riyals, and many more.

    Pump and Dump

    It is described as a form of market manipulation by traders who artificially inflate prices and leave the market. This is also the reason why there is a sudden drop in the coin’s value.

    Cryptocurrency Exchange

    This is a platform used to exchange fiat to cryptocurrencies. It is like a forex trading platform but for cryptos.

  • A Beginner’s Guide to Cryptocurrency: The Dos and Don’ts of Your First Steps into the world of Crypto

    A Beginner’s Guide to Cryptocurrency: The Dos and Don’ts of Your First Steps into the world of Crypto

    As they say, every beginning is difficult, but in this article, we share with you some useful tips that will make your entry into the world of cryptocurrency smoother. Following these pieces of advice, you are more likely to avoid the most common beginner mistakes and become a confident cryptocurrency investor in no time. Since we learn best by doing it, we recommend the hands-on approach.

    Begin at the beginning: Purchasing some Bitcoin is arguably the best bet

    While the general rule is not to invest more that you can afford to lose in high-risk assets, which crypto naturally is, we advise that you start even smaller by investing just a tiny portion of your free capital. Absolutely no need to go to extremes, few tens or hundreds of USD or EUR will be enough to begin with. The purpose of your first purchase should be familiarizing yourself with basic concepts and tools, not necessarily turning in a huge profit!

    There are currently more than 5,000 different cryptocurrencies, so picking the right one for your first investment can be a hard task. Although opinions differ, we believe that becoming the owner of some of the world’s first cryptocurrency – Bitcoin, is the safest way to dive in, since Bitcoin (BTC) has been around since 2009 and has the most advanced infrastructure. There are many ways of obtaining Bitcoin, so you have the freedom to pick up the one it suits you the most.

    Buy Bitcoin

    Determine the place where you will buy your Bitcoin

    If you would like to make an online purchase, there are cryptocurrency exchanges that act as a fiat-crypto outlets, such as he Binance, Coinbase, OKEx and eToro. For this you will only have to create an account and follow their registration procedure. An identification will be necessary to confirm your account. An alternative for urban people are Bitcoin ATMs. You introduce some fiat currency and scan your mobile wallet QR code in order to receive the purchased Bitcoins. But beware, acquisition of BTC at a Bitcoin ATM tends to be associated with very high fees.

    Download a wallet

    Once you buy Bitcoin, your digital asset will need to be kept in a place. While some exchanges offer integrated online wallets, you should never keep large sums of cryptocurrency in there. There is a saying within the community that goes along the lines: “Not your keys, not your crypto”, implying that as long as you are not the one in possession of the private wallet keys, you are technically not the owner of the coins kept in the said wallet. For less experienced a good choice is Bread mobile wallet or the Exodus desktop wallet, which are both simple to operate. As you make bigger investments into crypto, it is recommended that you get a hardware crypto wallet, such as Ledger or Trezor to enhance the security of your crypto holdings.

    Your second, third and later investments

    As you may have heard cryptocurrencies tend to be very volatile. It is frequently that cryptocurrencies, especially those with smaller market capitalizations, surge up or plunge down by 50% or even more in less than a day. If you would like to diminish the effect of these fluctuations in the price of crypto, we recommend using the dollar cost averaging strategy. This method is best described by investing on a regular basis independent on the crypto’s price at the time; for instance, investing $100 into Bitcoin every month.

    Additionally, it is not recommended that you put all your money into just one cryptocurrency. You should diversify in order to build a dispersed and balanced portfolio. In order to do so, you will need to steer away from isolated Bitcoin investments and turn to other cryptocurrencies.

    Look at other options: Purchasing some Altcoins

    There are plenty other cryptocurrencies you can buy. As we already mentioned before, more than0 5,000 cryptocurrencies have been launched since the release of Bitcoin to the public in January 2009, the majority of which saw only average success. For all cryptocurrencies, which are not Bitcoin, we use the term altcoins. The total valuation of their markets (i.e. total market capitalization) may differ from billions of dollars to considerably smaller. This are some of the most popular altcoins:

    Since the prices of the altcoins are prone to even greater fluctuations, they are usually seen as a riskier investment compared to Bitcoin. To determine which altcoin suits you the most, you will need to do your own research. Our weekly article Top three coins to watch this week might aid you in narrowing down the selection. In addition, we recommend reading our Beginner’s Guide to Cryptocurrency Research. We also recommend following the news that might influence the price of these assets, if big money is involved.

    Stay Up to Date by Following reliable News Sources

    Staying up-to-date is crucial in the cryptocurrency, where things alter every day. Some of the most popular outlets for crypto related news include Coindesk, Cointelegraph and CoinCodex news page. You can also subscribe to some of the numerous channels relevant to the cryptocurrency and follow your favourite commentators on social media sites like Twitter and Reddit.

    Once you become more invested into a project, we recommend following their official blog page and other social media sites. Checking the coin’s social stats is a good indicator of the project’s ability to grow a community and reach even more people. On CoinCheckup, you can see the community size in the Analysis tab for each of the coins under the Brand awareness/Buzz section.

    When holding gets boring, you can start trading

    Even though the “buy and hold” strategy is the one that the majority will follow, since with active trading you can rapidly generate losses, trading is still appealing to many cryptocurrency investors. Once you came to the stage when just holding crypto doesn’t give you enough thrill anymore, you can start investigating advanced trading options. Binance is the most popular centralized exchange for trading cryptocurrency. Exchanges can offer spot trading cryptocurrency derivatives trading, or both.

    Trade BTC and Alts

    Crypto derivates provide more options and lower fees, so they are becoming increasingly popular. Some platforms also provide crypto leveraged trading, which allows you to turn in a profit on the slightest price movements. But watch out, as every rose has its thorns, leverage trading is associate with extremely high risks, as the price can also go the other way you predicted.

    Leverage Crypto

    Conclusion

    Cryptocurrencies emerged as an important alternative to conventional investment products. The cryptocurrency markets are still very young, so the regulations around them and technical characteristics are still changing fast. However, this also means that there are still plenty of good investment opportunities within the space. You can go for the short time or long-term investments; you are free to explore and find your own way to success. That probably will not go without wrong decisions, missed chances and insecurity, but you know, if there is no pain, there is no gain. Most important is, that you will enjoy the process, and you will become a pro in cryptocurrencies in no time.