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DASH Sees a Price Surge After Latest Partnerships

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The crypto market continues to see new development as Dash experiences a significant price surge after announcing a partnership with Kripto Mobile. Additionally, the 20% price surge might have also been influenced by news of adoption push in Venezuela.

Dash on the rise in Venezuela

For several days now, Dash has been experiencing an increase in value, which went up by as much as 20% after recent news from Venezuela. According to reports, the citizens of Venezuela are massively adopting Dash in an attempt to flee from their native fiat currency, the bolivar, and its ever-increasing inflation rate.

Due to such extreme economic problems, Venezuela started turning its gaze towards cryptos. They started by launching Petro at the beginning of the year, which is their own oil-backed coin. Since then, the country’s president, Nicholas Maduro, announced the launch of “Sovereign Bolivar”, which is a new crypto that should replace the traditional bolivar, which is currently pretty much completely worthless.

The new Sovereign Bolivar is to be pegged to Petro’s own value, which is seen as the only way for the country to regain some level of economic stability. This is where Dash came in and took advantage of the country’s situation. In absence of any stable fiat currency, its transaction speed, decent price, and focus on privacy might be a perfect solution for Venezuelans.

Since then, it supposedly already signed up around 200 vendors per month, on average. This even includes large brands like Calvin Klein and Subway. According to Ryan Taylor, the CEO of Dash Core Group, there have been tens of thousands of wallet downloads per month in Venezuela, which has become Dash’s second largest market.

Kripto Mobile partnership sends Dash to the moon

However, this is not all, as Dash also entered a partnership with Kripto Mobile Corporation, which is a company based in South America, and dedicated to the creation of mobile phones. The phones are now coming with Dash ecosystem, which is pre-equipped. The phones also contain Dash wallets, as well as the Bitrefill application.

The phones were originally introduced during a Caracas conference, and the company believes that this move will bring more South American users to the crypto market. The solution is generally not bad at all, as crypto payments can cut the transaction time and costs significantly, which is something that Latin American communities desperately need right now.

The results came almost immediately, and while Dash is was, generally speaking, a well-performing coin, it has been on a downfall recently. However, after unveiling the new partnership, the coin saw a 20% increase, and it even grew to be only a dollar or so short of hitting the $200 mark. While the positive momentum of the entire market was definitely responsible for bringing the coin to this important milestone, the massive increase in adoption in Venezuela, as well as Kripto Mobile partnership, are definitely what allowed Dash to rise as high as it did.

The current situation with the coin is slightly less enthusiastic, as the coin has experienced another 8.37% drop in the last 24 hours, bringing its value down to $180 at the time of writing. However, there is still hope that Dash will soon shake this off, and continue to rise once more.

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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 Carlos Adampol Galindo via Flickr

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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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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