DigiByte (DGB) Is A Hidden Gem Among Cryptos - Global Coin Report
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DigiByte (DGB) Is A Hidden Gem Among Cryptos

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DigiByte
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A brief look at the current market situation yields a disheartening sight with the top 10 coins and tokens showing signs of trouble despite the total market capitalization holding steady at around $433 Billion. Bitcoin (BTC) is currently trading at $9,303; Ethereum (ETH) is currently at $750; Ripple (XRP) is holding strong at $0.80. Outside the top 3, one coin stands out: DigiByte (DGB).

DGB is currently ranked 50th on coinmarketcap.com. It is currently trading at $0.0476 with a 7.43% increment in 24 hours. This is quite impressive for a coin that is reasonably priced under a dollar and less than ten cents. The current total supply stands at 21 Billion DGB. This figure is 21% of the number of Tron tokens in circulation. Its circulating supply is 10.227 Billion which is another 15.5% of the total number of TRX in circulation. This means that were the demand of DGB be considerable, then it would be a matter of time before that 47 cent value increases to $1.

So what exactly is DigiByte (DGB)?

DGB is a more secure, faster and forward thinking blockchain technology. These three key concepts are what makes the ‘small’ coin stand out from all the other coins and tokens making headlines on a daily basis.

In terms of decentralization, the DigiByte blockchain is spread over 200,000 servers, computers, phones, and nodes worldwide. It is capable of being connected to the Internet of Things via devices such as the aforementioned phones. This allows it to be a prime candidate for Artificial Intelligence adoption as the technology progresses.

The blockchain uses 5 secure and advanced algorithms thereby avoiding centralization of mining compared to single algorithm blockchains. The blockchain implements Digishield and Miltishield to protect itself from malicious attacks. The blockchain is also fast with a 15-second block timing speed. It even integrated SegWit before any other blockchain project.

So why buy in or use its features?

Firstly, it is reasonably priced at under 10 cents.

Secondly, previous market performance has seen the coin reach values of $0.129 on January 6th. This means that the coin can pack a punch in the markets.

Thirdly, DGB is a hidden gem amongst the over 1,500 coins and tokens out there.

A fourth reason to get some DGB is the availability of its Wallet on several noteworthy platforms. It is available on both 64 bit and 32-bit versions of Windows and Linux; available on Mac; available on Android; and available on DigiByte Go Wallet which is a Chrome extension. It is also compatible with the 3rd party wallets of Coinami, Nano Ledger S, Trezor and Exodus.

In a nutshell, DigiByte is a hidden gem in the cryptocurrency markets that has a promising future through its amazing capabilities.

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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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As Global Tensions Grow, Bitcoin Price May Go Higher

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BTC Surged Again as A Safe Haven Asset During Global Tensions

  • India – China Border Conflict

After weeks of squabbling and brawling along their long-disputed border, hundreds of Indian and Chinese soldiers engaged in a deadly clash Monday in a river valley that’s part of the region of Ladakh last week. Troops had massed on both sides of the border in recent months in the northern India region of Ladakh and the southwestern Chinese region of Aksai Chin, causing global concerns of a potential escalation between the two.

  • North and South Korea Clash

Last Tuesday, North Korea destroyed the liaison office it jointly operates with South Korea in the city of Kaesong, just north of the demilitarized zone that separates the two countries. 

North Korea also said it would send troops to now-shuttered joint cooperation sites on its territory, reinstall guard posts and resume military drills at front-line areas in a violation of separate 2018 deals with South Korea. Jeong said South Korea will take “immediate, swift and corresponding” steps to any North Korean provocation.

The tensions grown in Asia and the potential “second wave” of coronavirus in the United States may add more difficulties to the global economic recovery. Thus, Bitcoin, as a safe haven asset, attracts more investors to…

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CoinFlip Continues to Dominate the U.S. Cryptocurrency ATM Market

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CoinFlip
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Although cryptocurrency has brought in a lot of traders seeking the dream of overnight wealth, cryptocurrency is a lot more than just striking it rich.  Cryptocurrency is about creating a new market with companies that are building cutting edge technology in an effort to continue elevating our way of life.  As the crypto market continues to expand, several companies are involved in creating ways for more people to participate.  One such company that appears to be making all the right moves is CoinFlip.

CoinFlip is the world’s leading cryptocurrency ATM operator that currently allows users to buy and sell 10 different cryptocurrencies including BTC, ETH, LTC, DASH, TRX, KMD, LINK, BNB, XLM, and USDC.  Due to the company’s quick growth, CoinFlip has quickly gained a reputation of being the place to go for all crypto ATM transactions.  In addition to its massive geographic coverage, there are four advantages that CoinFlip currently offers over its competitors:

  • Lowest fees of any cryptocurrency ATM in the world
  • Lightning-fast transactions that are typically completed between 10 and 30 minutes
  • Extremely easy customer verification
  • 24/7 customer support through phone, text, and chat

Given the global pandemic currently facing us, many companies have been struggling just to survive.  CoinFlip, on the other hand, is not only surviving but thriving.  The company has had an exciting few months and has even bigger plans…

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Cryptocurrency Fraud is Evolving; Bitcoin ATMs Mitigate Risk 

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Cryptocurrency Fraud is Evolving
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In one of the more overlooked aspects of the crypto ecosystem, it appears that the bulk of illicit activities are shifting from hacks and thefts to cryptocurrency fraud and scams.

CipherTrace, the crypto-surveillance, and analysis firm released a report at the end of Q4 2019 that revealed hacks and thefts had decreased by 66 percent in 2019 while fraud and misappropriation of funds surged by 533 percent. And beneath the COVID-19 hysteria of 2020, hacks in the crypto sector have been eerily isolated. 

Outside of a few exploited flaws in P2P exchanges and DeFi flash loan vulnerabilities, the headline-grabbing hacks of exchanges for hundreds of millions of dollars have been absent so far this year. Is the industry due for another massive hack, or are stringent KYC/AML processes, regulatory crackdowns, better security practices, and blockchain surveillance working? 

KYC/AML Improvements Are Reducing the Appeal of Crypto Exchange Laundering 

2020 is far removed from the no-KYC wild west days of the early-mid 2010s where anonymous altcoin casinos preponderated and the Dark Underbelly of Cryptocurrency Markets thrived. 

Today, bitcoin and the crypto ecosystem is becoming institutionalized with a surfeit of derivatives (e.g., options, futures, perp swaps, etc.) available on…

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