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Crypto market analysis: Bitcoin, Ripple (XRP), and Tron (TRX) price surge

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For starters, last week witnessed Major League Baseball (MLB) announcing their intention to release an Ethereum based virtual, collectible game later during the Summer of 2018. The Major League Baseball in collaboration with Lucid Sights, a blockchain gaming firm, is working on a game-changing dApp that is going to boost the baseball fandom.

How this is going to work is MLB Crypto Baseball similar to CryptoKitties, blockchain’s most popular game, will allow users to buy and exchange virtual kittens, using Ethereum as the mode of coinage. Given that virtual assets have established themselves as profitable ventures, MLB’s primary objective in presenting the Ethereum-based game is to attract young individuals back to baseball by increasing its hype.

While MLB might be the first major league to back the blockchain technology fully, they are not the first sports utility to commence adoption in America. NBA’s Sacramento Kings, one of the most tech knowledgeable commercial businesses in all of the sports, accepted Bitcoin in 2014 to be one of their ticket and merchandise payment options.

Cryptocurrency Market in the Green

Bitcoin

Although being down for almost one month hovering below 7,000 US dollars, Bitcoin has started to bounce back in the last seven days or so. Yesterday’s market activities saw Bitcoin prices skyrocketing registering a jump of 600 US dollars in less than 2 hours. Other virtual currencies such as Moner, Cardano, NEM, and EOS have followed the trend showing significant price increment in yesterdays and today’s market activities.

At the time of writing, Bitcoin is currently exchanging at $8,180 per digital coin, an estimated 600 US Dollar increment from its previous 24-30 hour market value, according to data released by Coinmarketcap.

At the time of writing, cryptocurrency total market cap stands at $140,449,716,215 up against its previous 126,178,000,000 market cap. Also, Bitcoin’s market cap has gained about $10 billion to currently stands at about $126 billion against the last $116 billion mark it was recording just about a week ago.

Ripple (XRP)

Like other leading virtual currencies, Ripple has been on a bullish trend since the start of Q2. On 10th July, Ripple (XRP) had depreciated to a low of 0.44 US dollars trading horizontally before the bulls took the coins value to a high of $0.51. Given that Ripple (XRP) is now out of the range bond zone of 0.45 US dollars and 0.42 price levels, Ripple is expected to continue with its momentum promising a brighter future for coin holders.

Tron (TRX)

As we all know, Tron has been making headlines having an eventful two months closing deals and signing significant partnerships with other significant financial players.

Tron is not being left behind in the ongoing bull run being experienced in the market with its prices jumping to $0.03769 today. A price surge of more than 8 percent in the last 24 hours.

According to CoinMarketCap, Tron’s (TRX) market cap currently stands at 2.4 billion US dollars. Many experts believe that today’s price surge of Tron is caused by the confirmation of Tron acquiring biggest p2p platform, BitTorrent, and will continue to climb.

Conclusion

Many crypto enthusiasts are attributing the current price surge by Bitcoin, Ripple (XRP), and Tron (TRX) being experienced due to several high-profile recommendations from the financial world.

Goldman Sachs, the new chief executive of US investment bank, is reportedly looking into ways he can venture in the crypto market. Also, giant hedge fund, BlackRock, is also reportedly building a team to study and investigate the uses of blockchain and bitcoin in the market but are said to be doing so under the radar. And now, today, the confirmation came in that Justin Sun, the CEO of Tron has ‘actually’ acquired BitTorrent. It seems like good fortune has come back to the cryptocurrency world.

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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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Trusted Crypto Tumbler To Protect Your Wealth

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Back when Bitcoin originally emerged, over 11 years ago at this point, cryptocurrency transactions were believed to be fully anonymous. This belief stuck around for years to come, but today, we know that, in most cases — this is no longer the truth.

Since the invention of blockchain explorers, it became possible to track every Bitcoin transaction, all the way back to the genesis block. This came as a part of blockchain transparency which promises to eliminate corruption, theft, and other such issues.

However, there is still a need for a certain level of privacy, as people like to keep their wealth to themselves, and not let everyone know how much money they have, or how much they sent for whatever purpose. This is why many are now using crypto tumblers, or mixers.

What do crypto mixers do?

As the name suggests, crypto mixers/tumblers mix up the coins in order to hide/disguise/make it difficult to discover where the coins came from. Things like the amounts, transactions, and wallet addresses to and from which the coins travel are fully traceable, which is why tumblers exist.

In a way, you could say that mixers can add an extra layer of privacy while using Bitcoin, Ethereum, Litecoin, and many other cryptocurrencies. There are many Bitcoin mixers Continue Reading

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5 Best Places to Bet with Bitcoin

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It seems like BTC is always making headlines for one reason or another.

When the market points towards bullish behavior Bitcoin is all the rage. When there is so much long action (going on right now) and then the price plummets, BTC also dominates the headlines. The same goes for legislation and when any new crypto product or platform comes out. It’s always compared against BTC.

So with BTC fever in full swing, sportsbooks around the world have adopted digital currencies as one of their main forms of funding accounts and paying out winnings. And with sports betting legalized in states across the USA, both BTC and legal online gambling are in the limelight. 

But where are the best places to bet using BTC and other cryptos? Furthermore, why would you want to use BTC, LTC, or Ethereum in this manner?

The Why

The principal reason why you would want to use cryptocurrencies in your ‘sports investing’ ventures is speed, cost, security, and bonuses.

When you use cryptos like BTC (BTX) to move money in and out of your account. You bypass the standard centralized banking system which drastically improves on both the speed of the transaction and the cost of the transaction – this is especially true with payouts. 

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Bitplaza Inc Introducing Cryptocurrency to Retail

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Even though influential companies are not ready to validate cryptocurrencies as a stable form of money, Bitcoin is becoming a more frequently used currency daily. There is a rising number of companies that accept Bitcoin for the purchase of their products, validating it as a spendable currency around the globe.

Bitplaza Inc took the next step into technology and commerce, providing customers with a platform where they can spend Bitcoins for their needs through a mobile device. It opens the opportunity for companies and brands to list their products in exchange for Bitcoin, which will give more credibility to the coin.

What is Bitplaza?

Bitplaza is a shopping app that belongs to a retail company called Bitplaza Inc, located in Pennsylvania. The app is available on both Google Play and the Apple App Store. Bitplaza allows anyone globally to purchase brand new items with Bitcoin. The app has a wide variety of products to buy online, from electronic devices, video games, even groceries. The products that can be purchased from the app range from popular brands such as Sony, Starbucks, Adidas, Apple, and many more. The Bitplaza team is always adding new products to the shopping app, making more items available to be purchased with Bitcoin. The app covers a broad range of products for the different needs of the…

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