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Dogecoin News: SALT Accepts DOGE As Collateral

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Dogecoin news
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A known cryptocurrency loan provider, SALT, has recently announced that it will add Dogecoin (DOGE) on its list of cryptos that are accepted as collateral for fiat loans. The Dogecoin news came as a surprise to many since the coin is not among the highest-ranking altcoins by market cap.

Despite not ranking high on the list, DOGE does have high liquidity. Its daily trading volume often exceeds $11 million, which serves as a guarantee of the coin’s popularity. According to SALT announcement, DOGE will be one of several cryptocurrencies that can be used as collateral for GBP, JPY, and the USD.

Prior to the addition of DOGE, SALT also announced that it accepts Litecoin (LTC). Apart from adding new altcoins, SALT also stated that it plans to expand to several new countries, including the UK, Vietnam, Hong Kong, and New Zealand.

While this Dogecoin news is seen as a good development for the coin, its price has yet to react. At the time of writing, Dogecoin is still experiencing significant losses, with a price of $0.003875 after losing 8.09% in the last 24 hours. However, many believe that the “joke” cryptocurrency is still worth HODLing.

Partnering up with projects, companies, and services such as SALT has been a primary focus for every cryptocurrency. By connecting themselves to successful businesses, these altcoins are ensuring their long-term survival.

SALT’s announcement states that this move will allow them to easily access the wider crypto community. The statement also comments on their choice of Dogecoin, stating that DOGE has a long and rich history, as well as a strong and supportive community. Furthermore, DOGE offers high liquidity, since it is still actively traded. In the end, SALT claims that DOGE was an obvious choice.

SALT implements additional changes to their business

Apart from the Dogecoin news, SALT has brought several other changes recently. One of the most notable ones is the adjustment of their interest policies. Now, the company has a 5.99% interest for loans that include less than $75,000. However, for those higher than $25 million, the interest rate will be 11.99%.

However, equally as important is their decision to allow their users to help with decisionmaking regarding the way the company carries out its operations. This will mostly include the choice of additional altcoins that SALT will add to its platform in the future. This move will likely bring the most popular cryptos to the platform first, regardless of their position on ranking lists.

SALT stated that this will be done in order to learn what their community values most. At the moment, the community can either propose a new asset or vote for one of those that the company has proposed. These include Ethereum Classic, Monero, Ripple, Dash, Cardano, and Bitcoin Cash.

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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 Pexels

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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