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DigiByte (DGB) Just Got A Major Market Boost



Take a look at the daily chart for DigiByte (DGB) and you’d be forgiven for thinking that the coin is in some real trouble right now. At the most recent listing, DGB went for in and around $0.03 a piece, putting it at 58th by market capitalization in the cryptocurrency and token world and serving up a market cap of juts under $301 million.

DGB Daily Chart

DGB Daily Chart

Compare this to the $0.13 a piece and the market cap of $1.25 billion recorded just a few weeks ago and the in-trouble thesis becomes a little stronger.

Here’s what we think about the situation:

Don’t trust the chart.

This is a coin that’s fallen purely because the wider industry has taken a hit. As the phrase goes, a rising tide helps all boats float and the same is true in reverse – right now, we’re seeing some of the smaller boats sink because the wider cryptocurrency tide is falling.

Heading into the dip, however, DigiByte was really starting to gain some traction.

For anyone that’s not come across this coin before, DigiByte is a transaction focus coin that’s essentially trying to do what bitcoin (BTC) was once pitched as having the potential to do but that now looks like it’s never quite going to achieve – become a seamless transaction-type asset and oust fiat currencies as a value transfer vehicle.

It’s like bitcoin but there are a few built-in differences between that protocol on which bitcoin (and Litecoin) rests and that which powers DGB.

For one, it’s far more scaleable, with up to 2,000 transactions per second possible by 2020. Second, it’s much, much faster than bitcoin, with block times at 15 seconds (as compares to the 10 minutes of bitcoin). It’s also difficulty adjusted in real time, as compares to the two-week delay adjustment built into bitcoin (making it more adaptive) and, finally, there’s a supply cap of 21 billion units, as compares to the 21 million cap for bitcoin.

This makes it far more manageable at scale, in the sense that smaller denomination tokens can be used to facilitate a viable transaction process, as opposed to using three or four decimal place transactions.

All this is great, but it’s nothing new. Why are we going on about DigiByte right now?

Well, here’s the thing.

The company announced at the end of last week that it’s secured a PR company called Tom Cridland Public Relations to help it expand into the mainstream consciousness. The company is set to accept 300,000 DGB (which was committed to the cause by the community, by way of the DigiByte Foundation), in return for its PR services and the deal will start pretty much immediately.

So why is this a big deal?

Until now, DGB has risen in popularity based on internal traction and market attention. It’s not had a company pushing it into the sphere of awareness of both the crypto world and the wider markets – until now.

With this support in place, we expect DigiByte not only to pick up a whole new layer of public market support but that the coin will bring in a wave of speculative demand that’s seeking exposures to those coins that have incredible potential but that are trading down right now on the back of wider market weakness.

Bottom line here is that this coin has done well to get to its current level on its own but that the PR firm should take it to the next level. This would be a buy signal for a coin that wasn’t down 76% over the last few weeks. Combine it with the just mentioned dip and things become even more attractive.

We will be updating our subscribers as soon as we know more. For the latest on DGB, 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.

Image courtesy of DigiByte


Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC




The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Wisebitcoin Launches Professional-Grade Crypto Exchange



Infrastructure is developing rapidly in the cryptocurrency industry, but the recent launch of the Wisebitcoin cryptocurrency exchange is nonetheless significant in terms of the immediate value it provides to cryptocurrency users. That’s because the exchange has had a beta version available since 2018 while continuing further developments in stealth mode, and already serves over 1.2 million end users with $6+ billion in 24 hour trading volume at the time of its official launch.

In addition to the large user base and deep liquidity, Wisebitcoin also stands out by offering up to 100x leverage to margin traders, with the ability to open a long or short position in their futures market. In the current bullish environment, leverage is a key way that experienced traders increase their exposure and try to profit from volatility.

For example, if a user opened a long position on ETH on January 2nd at a price of $750, they could have greatly multiplied their profits with even a small amount of leverage such as 5x as ETH reached over $1,100 within 48 hours. A simple unleveraged position would have netted $350 in profit, but a 5x position would have netted $1,750 and a 100x leveraged position would have netted an incredible $35,000 in profits from an initial investment of just $750. 

Beyond leverage, Wisebitcoin additionally offers a simple and…

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