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Bittrex to Pair Ethereum Classic (ETC) and Ripple (XRP) with Fiat

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Ripple
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A big announcement involving Ripple (XRP) and Ethereum Classic (ETC) came this Wednesday, August 8, when Bittrex announced plans to add fiat pairing to these two cryptos.

New trading pairs to be introduced on Bittrex

Back on May 31 of this year, Bittrex stated that it offers fiat trading for all corporate customers. Additionally, the exchange hinted that it might soon be adding new crypto/fiat pairs. At that point, the exchange only paired Bitcoin (BTC), TrueUSD (TUSD), and Tether (USDT) with traditional currencies.

However, the exchange said that this list might expand soon, in order to establish better quality control and make sure that the customers are getting the best service that the exchange has to offer. Back then, Bill Shihara, the exchange’s CEO, said that Bittrex is considered to be one of the leading advocates of the blockchain technology. As such, the exchange commits a lot of its efforts to listing new tokens with the best applications in the sphere of business.

However, they also need to be among the most innovative blockchain projects in order to be considered. By adding new crypto/fiat pairs, the exchange hopes to help the adoption of crypto technology, and it aims at allowing more options for its customers in their crypto trading.

Only two weeks after that, on June 14, the exchange announced rolling out what they called the ‘next phase’. The plan was to invite additional groups of customers from the retail industry to become participants in the USD markets. Finally, almost two months after that, the exchange decided to finally add two new crypto/fiat pairs. And so, on August 20, they are expected to launch XRP/USD and ETC/USD pairs.

According to the exchange’s announcement, they are very excited about adding these new pairs. The statement also said that they are not only allowing new pairs that would make their purchase and exchange more direct and practical but are also the only exchange that is currently offering them. Additionally, they plan to continue adding tokens to this market, so that the customers would have access to even more secure, convenient, and fast trading options.

Bittrex plans expansion one step at the time

With the addition of these two coins, the exchange’s customers will now have access to BTC, USDT, ETH, TUSD, ETC, and XRP. Initially, this will only be applied to those customers that are invited to be participants of the rollout. When asked who can apply for the rollout, Bittrex stated that, for now, that list is limited to personal and corporate account customers. There are two different forms for applying, one for corporate customers, and another for personal account customers, which need to be filled.

The exchange’s customers that are currently located outside of the locations that are currently approved will also receive access over time. The exchange has only started with its plan to expand and develop further, and each new phase will bring new updates, additional information, and more.

This is a big move that will significantly increase the liquidity of ETC and XRP, especially within the United States. Not only that, but it also indicates that Bittrex has finally moved on from considering Ripple a security, and is confident that the SEC will do the same.

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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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Bitcoin crash
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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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coins
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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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crypto credit cards
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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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