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3 Coins with the Largest Potential in 2019

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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs by the US SEC. The SEC has received numerous requests like this over the years, and they always denied it for various reasons. However, experts believe that things are going to change in 2019, and if so, this would be a big game-changer for Bitcoin itself, as well as the entire crypto world. Other projects that may prove to be extremely beneficial for BTC include the Bakkt futures exchange, scheduled to launch on January 24th, the potential launch of Bitcoin’s Lightning Network that is supposed to resolve scalability issues, and alike.

  1. USD Coin (USDC)

Due to high volatility regarding the prices of most coins, it is of no surprise that 2018 brought a lot of popularity to stablecoins. Until recently, most people were not particularly excited about stablecoins, believing them to be nothing more than a digital form of fiat money. However, they gained attention when the market crashed, and the prices of most coins went down. In this situation, having a coin that doesn’t lose value can mean a lot to an investor, and so they decided to go to the largest stablecoin around, Tether (USDT).

However, Tether refused to provide insight into its bank accounts and confirm that it has enough money to back all of its coins. This has made many people suspicious about it, and they decided to abandon the coin, instead of having a worthless token. The downfall of Tether allowed many other stablecoins to emerge, with the most popular among them being USDC. Now, USDC is not making the same mistake as Tether, and while it is still far behind it, USDC is rapidly approaching USDT. It is possible that in 2019, it will finally take Tether’s place, and the top 10 list of coins will get a valid stablecoin.

  1. TRON (TRX)

Finally, there is TRON, which has just recently climbed the list of the largest coins by market cap, and it currently sits at 9th position. TRON has been extremely successful in 2018, especially when it comes to launching projects, entering partnerships, and getting listed on various exchanges. The coin’s creator, Justin Sun, is sharing new progress with the coin’s community on a daily basis, and it is always some sort of good news.

TRX even managed to break Ethereum’s record in the highest number of transactions per day due to the popularity of its dApps. All in all, TRON is slowly setting up the stage for its future dominance, with the main goals being to decentralize the web and revolutionize entertainment industry. While some are quick to say that TRON is nothing but hype, it is undeniable that the coin is making progress, and that it has become one of the crypto community’s favorite.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Blockchain-Focused ETF Arrives on London Stock Exchange

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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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Three Biggest Things To Know Come Cryptocurrency Tax Season

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In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.

These three tips should help anyone looking to legally report their crypto activity to figure out where to start.

Documentation is key!

There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting.  Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.

Calculate your total gains

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