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Electroneum (ETN) New Mining App Set For Mass Adoption

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Electroneum
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Electroneum is set out to be a mass adopted long-term cryptocurrency and most definitely is advanced enough to maintain a consolidated position in the market. On 6th of March 2018, Electroneum released a new app which enables users of smartphones to mine cryptocurrencies on their phones or tablets. This new service has the capability to bring an exponential surge in prices of cryptocurrencies. Hence this app is estimated to be downloaded by several enthusiasts in the cryptoverse.

The process has been simplified so that new miners, who are not essentially cryptoenthusiasts, can also be tempted to use the app. This would bring help Electroneum garner mainstream momentum. Electroneum is the first cryptocurrency that allows users to mine coins with a mobile phone. The process is simple as all you have to do is download the app. No other cryptocurrency has a mining system that allows users to mine coins with so much convenience. This is a very crucial step as cryptocurrencies can become a household trend only if their usages become easy and convenient for the common man.

With the increase in the emergence of crypto exchanges like these, experts believe that a 1 dollar price is projected to be a reality soon. Very little electricity and only a small amount of data are needed to allow any owner of a specific smartphone like an android phone to make some money mining. As more and more people are turning to the use of smartphones, growth in the popularity of ETN seems an inevitable phenomenon. The CEO of ETN, Richard Ells has reassured that the use of this app will not make the phones heat up, use a lot of battery or get worn out and slow down.

Data will be used only to communicate with the server for transactions. The CEO has also stated that the use of data will be so slow that smartphone users in the third world will also be able to benefit from the app in large numbers. The ETN team has designed an algorithm that assigns a user’s phone a mining rate based on available CPU power. Hence although the app will mine coins based on the CPU capacity of your phone, it will actually not require any CPU power.

While ETN is consistently in the top 50 market capitalization as of late, it seems inevitable that the cryptocurrency is headed for even more progress in the near future. 0.07 cents is deemed to be only a temporary sale. ETN is not even available on major changes like Binance. If the mobile mining app becomes a success, then ETN will be finding its way on such changes.

Electroneum websites say that they are currently in negotiation with some big global conglomerates that are very interested in adding Electroneum digital payments as means of payment for their services. Electroneum has more than a million agents in developing nations who sell or trade data to consumers. With the increasing acceptance of Electroneum as a regular means of payment, the crypto will no longer just remain confined to tech-savvy enthusiasts but will trickle down to mass use amongst common people as well.

iPhone version

Electroneum has announced that their iPhone iOS version has been programmed and is fully functional but it has not been given the nod of approval by Apple. Apple will most likely approve of it once the app consolidates its base among android users.

Electroneum rise to top 50 market cap

Electroneum combines blockchain and cryptocurrency with the ubiquity of mobile phone users. Designed to be used by the masses, a lot of the major deals made by the ETN team are with mobile providers. With over 120,000 contributors, Electroneum ICO closed two weeks early due to reaching 40 million dollars hard cap much faster than was expected. This is most certainly one of the most successful crowdfunding events witnessed in the cryptocurrency community. ETN’s app for crypto mining makes it possible for the users of the particular cryptocurrency to mine coins without having to resort to the need for expensive and complex hardware. Due to the everyday advancement of technology, what once was possible on computers is now possible on smartphones. Electroneum has emerged as one of the leading cryptocurrencies in terms of technological breakthrough.

We will be updating our subscribers as soon as we know more. For the latest on ETN, 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 and read our full disclaimer.

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Altcoins

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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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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