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Dogecoin News: SALT Accepts DOGE As Collateral - Global Coin Report
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Dogecoin News: SALT Accepts DOGE As Collateral

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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

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Binance Coin Price Prediction: What Awaits BNB in 2019 and Beyond

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Binance Coin Price Prediction
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By now, most people in the crypto space know about Binance Coin (BNB) — a cryptocurrency developed by Binance crypto exchange, and one of the top performing coins in 2019 so far. In the last few months, many have been especially bullish about this coin, while the coin itself managed to outperform pretty much every cryptocurrency out there.

Since the year started, BNB managed to triple its price, surging from around $5 to $15.83. Even now, at the time of writing, the coin’s price is at $15.51, with a growth of 5.53% in the last 24 hours. If Bitcoin were to perform this well, its price would now be around $12,000 per coin, instead of only $4,000.

There is, of course, a reason for BNB’s growth — several, actually. It has been created and backed by the largest exchange in the world by trading volume, and it has become the native cryptocurrency of Binance ecosystem. It provides its users with a huge discount in terms of trading fees, and it is the only cryptocurrency that can be used for buying new tokens which are being sold on Binance Launchpad.

Further, since the launch of Binance Jersey, a new project targeting European markets, BNB can also be exchanged for GBP and EUR, which provides investors with a new gateway into the crypto space. In addition, Binance is holding regular…

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Binance Coin (BNB) Stops Following Bitcoin (BTC) — But is it Permanent?

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Binance Coin (BNB) is currently one of the most interesting coins in the vast crypto market. However, the thing that makes it interesting is seemingly unique to BNB at this time, which is the fact that it managed to decouple itself from Bitcoin (BTC).

As many are likely aware of, Bitcoin is the first and the largest cryptocurrency. It is also the most valuable one, in terms of its price. As such, Bitcoin has been dominating the market, as well as dictating the market’s behavior. Whenever Bitcoin’s price goes up or down, the rest of the market tends to follow, and each coin’s chart resembles that of BTC — not completely, but enough for everyone to notice.

Binance Coin, however, is the first coin to successfully say ‘no’ to this trend, and resist the largest cryptocurrency. Many have noticed this phenomenon and were wondering what had caused it. So far, the only explanation is a large number of use cases that BNB now has, thanks to various projects.

Binance Coin use cases

Binance Coin was created by the largest crypto exchange by trading volume, Binance. The exchange developed it to be a native coin in Binance ecosystem, and it is being used within the exchange itself. Many have started buying the coin, as using it within the exchange grants a significant discount on trading fees. The discount is…

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Is there a Real Value to Binance Coin (BNB)?

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Binance Coin
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Binance Coin (BNB) is one of the most interesting cryptocurrencies at the market right now. The coin was developed by the largest crypto exchange by trading volume in the world, and it only works within the exchange’s ecosystem. However, it still managed to achieve what many believed was impossible — it stopped following Bitcoin’s lead, and it started carving its own path.

At the very least, the coin is highly intriguing, but does it hold real value? This is a question that many in the crypto community have been asking for a while now, uncertain whether BNB is a worthy investment or not.

What gives BNB its value?

Binance Coin cannot be used for purchasing goods and services, like Bitcoin. It currently does not fuel a development platform like Ethereum. It cannot even be used as XRP for sending international payments. However, the coin had still managed to triple its price in the last three months and to surge when most other cryptocurrencies were seeing losses due to the last remnants of the crypto winter.

BNB managed to achieve all of this because of its use cases within Binance, but also because of its future potential. First of all, Binance is the largest crypto exchange in the world, with millions of customers, most of which use the exchange on a daily basis.

This means that the exchange inspires…

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