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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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