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Cobinhood Adding Gas (GAS) and NEO (NEO)

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Gas (GAS), along with NEO, will be one of the lucky currencies to get listed on Cobinhood! Seeing a currency getting listed on an exchange market is always an exciting thing to have, especially if the exchange market involved is one of the “big players”. Cobinhood, cleverly derived from the combination of words “coin” and “Robin Hood” (as stated by Captain Obvious!), is the first decentralized blockchain-based decentralized platform without fees, so having Gas and NEO welcomed on the board is actually a huge deal. Let’s see how the recent listing affected Gas as well as what this currency has been up to these days.

Cobinhood says YES to Gas and NEO

On March 28th, Cobinhood released a statement where this no-fee decentralized exchange platform updated the public on the most recent news. The news was revolving around NEO and Gas, as Cobinhood representatives announced that these currencies will be joining the existing list of currencies being traded on their platform.

The Cobinhood team added that these currencies will be available for live trading on their platform as of April 6th, which matches the date of this writing. That being said, we are now able to invest in NEO and Gas with no fees policy that no one ever said “No” to as these two currencies are now available for live trading on Cobinhood as well.

Neo and Gas started off strong with promptly acquiring a nickname “China’s Ethereum”, considering the fact that NEO platform is dealing with decentralized applications just like Ethereum.

Although Gas is somewhat less appreciated in oppose to NEO – Neo is ranked among top ten currencies as the 9th best currency according to global coin report list, while Gas is ranked as number 70 on the list. Also, if you take a look at the market state of these digital assets, you will notice that there is a huge gap in the price difference as well. However, this is not an odd case since it is a fact that Gas actually represents a token hosted by NEO and Neo platform.

There is also a crucial difference between the two, where NEO is “stronger”, both technologically and on the market, probably given the fact that NEO actually “gave birth” to Gas.

While Neo is being used for providing voting rights within Neo platform, also representing the shares of NEO that you own, Gas represents a token created by NEO. At every processed block in NEO’s blockchain network, a user gets 8 GAS tokens. The production was then reduced to generating 1 GAS per 2 million processed blocks.

Gas is actually very important for Neo platform as this token serves the purpose of paying for running smart contract operations, which means that Gas is actually powering up smart contracts, which is one of the most important features that Neo has as a platform.

Due to the occasion of adding both, Gas and NEO to the list of trading coins, Cobinhood representatives added that they are constantly trying to meet the needs of their users, so they are working on adding new coins and tokens. However, they need to make sure that the coins they are adding are worthy of being added.

That says a lot about NEO and Gas, so it is a bit odd that only a bit more than a week later, both of this currencies are suffering from losses while trading in the red.

Besides from having Gas and NEO listed, Cobinhood also accepted Bitcoin Cash (BCH).

Cobinhood is also planning on finding more worthy coins to add to the trading list while they are working on creating corporate accounts that will enable lots of handy perks including the increase of withdrawal limits.

How NEO and Gas are doing at the Current Moment?

After the latest change in the market, Gas is being traded in the red with -14.69% of drop against the dollar. Gas is also trading in the red and down against BTC and NEO, dropping by -2.42% and -0.56%.

Given the recent negative changes, this token can now be bought for 14.14$ per one GAS token. Gas reached its record price on January 16th, when most currencies were experiencing massive gains in the market. On this occasion, GAS hovered around 85$ per one unit, but it dropped to the current price of a bit over 14$ in only 8 weeks.

Neo is also trading in the red after the most recent change in the market. This coin fell down against the dollar by –4.07%, which is still significantly better than its token, GAS. NEO is also trading down in the red against BTC, dropping by -1.79%.

At the current moment, you can buy Neo for 44.76$ per one unit.

We will be updating our subscribers as soon as we know more. For the latest on NEO and GAS, sign up below!

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 Arran Bee via Flickr

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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