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Bitcoin Cash (BCH) Receives Boost As ‘Bitcoin Jesus’ Joins FinTech Startup

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Bitcoin Cash
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The Bitcoin Cash (BCH) community got a major boost today when it was announced that two of Bitcoin.com Chief whips will be joining the Finetech startup known as MoneyToken, as advisers. The new members from Bitcoin.com are its CEO, Roger Keith Ver who is known by many as Bitcoin Jesus, and the Chief Operating Officer (COO) of the site, Mate Tokay.

In the new startup known as Moneytoken, Bitcoin Cash will be used as collateral for users borrowing from the platform. The main idea behind the platform is to offer crypto-backed loans, a stable coin known as MTC and a decentralized exchange service. The project is still in its ICO phase with the buying of tokens available through Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).

The amazing thing about the project is that you can still apply for a loan on the platform as the token sale is ongoing.

In the press release announcing the new partnership, the co-founder of Moneytoken, Jerome MacGillivray, had this to say:

“The Bitcoin Cash community is a unique and powerful force in cryptocurrency; adding our support to Bitcoin Cash and allowing our potential token buyers and future lenders and borrowers to operate in BCH, only adds to our portfolio and strengthens the value of MoneyToken as a product for all our users”

Roger Ver, also known as ‘Bitcoin Jesus’ for being an early investor in the coin, has been predicting that Bitcoin Cash (BCH) will flippen, or dethrone, both Ethereum and Bitcoin by the year 2020. This partnership shows his commitment to this prediction. He had this to say about the announcement through the press release:

“We are happy to be a part of this project since we can clearly see the strong team, disruptive and self-sustaining business model and, what is more important, the real value it can bring to the crypto community”

Current market analysis of BCH indicates that it is in the lower levels of $1,181 at the moment of writing this. The coin that is being predicted to overtaking BTC and ETH has had better times in the markets as was seen on the day BCH was added on Coinbase. The coin managed to reach levels of $4,000. This shows that BCH does have the potential of orchestrating the said flippening.

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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.

Image courtesy of Marco Verch via Flickr

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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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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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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