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Bittrex instigates both Litecoin (LTC) and Tron (TRX) into the USD markets

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Tron Litecoin

In massive news for the cryptocurrency community, Bittrex has launched USD markets for two of the most popular cryptocurrencies in the world, Tron (TRX) and Litecoin (LTC). This comes only a week after the cryptocurrency exchange platform announced that they would list the coins.

For those who are unaware, Bittrex is one of the world’s leading cryptocurrency exchange platforms, and boasts a daily volume of tens of millions of dollars, with almost 200 cryptocurrency pairs available for investors and traders globally. Bittrex announced the move on Twitter and clarified that the accounts had to have been created before September 4, even to be eligible to qualify.

This is great news for cryptocurrencies who are concerned about one cryptocurrency dominating the other, as now investors and traders can directly exchange USD for 10 cryptocurrencies. These include bitcoin (BTC) and ethereum (ETC) obviously, but also includes popular cryptocurrencies such as Cardano (ADA), XRP, ZCash, Ethereum Classic, and more.

This also is a significant milestone for Tron in particular, as this is the first time that Tron has been paired with the USD in the United States, which was celebrated by the founder of the Tron Foundation, Justin Sun, in a tweet.

However, it should be noted that these markets are not merely available to everyone. Actually, it can only be accessed for personal and corporate accounts. As if that wasn’t exclusive enough, the ones who benefit from the market are international investors. In the United States, the only ones allowed to participate must live in the following states:

  • Montana
  • California
  • Washington
  • Puerto Rico
  • Arizona
  • Arkansas
  • New Mexico
  • North Dakota
  • Massachusetts
  • California
  • Colorado
  • Iowa
  • Kentucky
  • New York
  • West Virginia
  • Corporate customers operating in Pennsylvania
  • Missouri
  • Montana
  • Utah
  • Washington State
  • Wisconsin

Customers will also be required to fill out a form, and get approved by the Bittrex, before trading the pairs. While the entire process might not be the most convenient, it does mean that an important milestone was reached for Bittrex as a whole, and that more people will potentially be participating in the market, and that cryptocurrency dominance will be affected, on some level.

Also, there are two separate services available: “USD trading” and “USD trading, deposits, withdrawals.” This allows the customer to customize the service to their specific needs.

While the initial inconvenience might deter many in the market, the idea is that Bittrex adapts to the market overall and provides more options when it comes to investors and traders who might want to purchase a particular cryptocurrency directly, rather than through bitcoin and/or ethereum.

This comes at a much-needed time for both Tron and Litecoin, which are trading well below their all-time highs.

For context, Litecoin is trading at a little over $50, with its all-time-high at over $375, and Tron (TRX) currently trades at less than two cents, with its all-time high at around 30 cents.

Their market caps hover at around 3 billion and 1 billion, respectively. This is great news for both projects, and will likely mean an increased amount of volume for both Tron and Litecoin, although time will tell whether this leads to a substantial price increase.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by SpaceX on Unsplash

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My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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3 Reasons Why Liquidity Dividends Protocol (LID) Will Be a Huge Winner

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Liquidity Dividends Protocol

Since 2017, cryptocurrency has experienced both the crazy highs and the crazy lows with fortunes being made and lost overnight.  That volatility is one of the main reasons why cryptocurrency has been relatively slow to gain mass adoption.  In addition to volatility, another concern for many is the lack of security and regulation in the market.  This can be seen through the countless exchange hacks and rug pulls that seem to occur on a weekly basis.  In order for cryptocurrency to move into the next stage of maturity and bring on mass adoption, investors and users will need to feel secure knowing that their funds are safe.  One promising organization that may have the perfect solution is Liquidity Dividends Protocol (LID).

What is Liquidity Dividends Protocol?

Liquidity Dividends Protocol is an up and coming organization that provides locked liquidity services to cryptocurrency projects that launch their offerings through ERC-20 tokens.  It lets non-custodial pre-sales lock liquidity of a token in a trustless manner through Uniswap.  This locking process will prevent every investor’s worst nightmare of seeing their hard-earned money disappear through “rug pull” scams that are designed to remove liquidity out of DeFi projects.

This year has seen an explosion of interest in Uniswap and DeFi projects.  Many investors have generated enormous returns on investments, but many have experienced the pain of being duped.  Below are three reasons why LID Protocol is poised to be a massive winner in…

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