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Binance Coin (BNB) Pops as Exchange Doubles Referral Bonus - Global Coin Report
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Binance Coin (BNB) Pops as Exchange Doubles Referral Bonus

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Binance
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Seemingly out of nowhere, Binance Coin (BNB) has exploded over the past 24 hours while the rest of the market stagnates in a growing sea of red. After a series of negative headlines wreaked havoc on the market for the last week(s), Binance Coin (BNB) has been chosen as the favorite currency to lead investors from the darkened corners of the altcoin market, and into the light of positive returns.

The market FUD leading to the current lows across the market came in with a tidal wave of bad news recently. The news cycle began hammering the crypto-universe with stories of Warren Buffet and Charlie Munger repeating their uneducated views on the state of our favorite crypto-company. Calling out Bitcoin (BTC) as a bad investment, old Buffett stirred the alternative currency pot once again expressing more than just general unease about investing in the most famous cryptocurrency. His unease was taken to another level, however, by Berkshire Hathaway’s Vice Chairman, as this ancient curmudgeon likened investing in the market to “trading freshly harvested baby brains.”

Like clockwork, in a seemingly scripted repeat of the market crash from earlier this year, within a week of negative publicity espoused from these shameful fiat cheerleaders, the South Korean government hammered the market with a raid on UPbit, an increasingly popular market responsible for a hefty portion of investments on their side of the world. While UPbit has been found to have done no wrong since the incident, clearing the exchange of the government’s accusations of deceit through an extensive audit, the damage nevertheless was done, and markets sank lower. Finally, if these stories weren’t enough, in an effort to affect market value in an overreach of epic proportions, the Securities and Exchange Commission (SEC) targeted the likes of Ripple (XRP) threatening to weigh in on whether their currency should be considered a security.

With true elegance and grace, however, Binance (the world’s most popular altcoin exchange) has looked straight into the face of market FUD, facing the negativity head-on and lighting a candle for the hodling masses. With a show of strength, Binance has doubled their referral rewards, exciting investors and shining a light on the path to market recovery. With the news, Binance Coin (BNB) has shot up nearly twenty percent, raising the value of the currency alongside the hearts of the crypto community.

With a staggering list of popular currencies to choose from, Binance became known as the fastest-growing startup in history, reaching a billion dollar valuation with record speed earlier this year. The cryptocurrency associated with the exchange, Binance Coin (BNB), is used by participants to cut their fees in half when trading in and out of altcoins on the platform. And with regular coin burns, increasing platform stability and the constant additions of popular currencies, Binance and Binance Coin (BNB) are seen as must-have’s for investors clamoring to trade on our favorite exchange.

Binance Coin (BNB) is now sitting at $US 14.97 and may continue to gain value over the coming day(s). In February, the currency had fallen under US $6.00, crashing along with the entire coin market. The trend however now seems clear, and the current rise of this exchange-based cryptocurrency is bolstering the wallets of a brand new investor class. It would not be too far of a stretch to perceive a near-term future where this popular currency reaches a new all-time high. That reality may come sooner than anyone expects as we enter the next bull run. Get ready.

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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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