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Here Is How Ethereum Classic (ETC) Will Edge out Ethereum and Become the next Bitcoin (BTC)

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Ethereum Classic
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What do you do when you have a disagreement in the crypto community and on the blockchain? You implement a hard fork so that each side of the argument can agree to disagree and walk away still best of buds. This is what happened between Ethereum (ETH) and Ethereum Classic (ETC). Once upon a time, they were one big happy family. But due to the DOA hack in June 2016, one section of the Ethereum community decided to reverse the transactions that led to the hack. The other side decided to stick to their guns that transactions on any blockchain are immutable aka irreversible. The latter community embraced the cryptocurrency known as Ethereum Classic (ETC).

By now, we understand why they decided to call it Classic. This is also the reason Ethereum Classic (ETC) will edge out Ethereum (ETH) and become the next Bitcoin (BTC). The simple fact that the ETC blockchain has not been altered by reversing transactions, makes it the original Ethereum and a possible reason why many investors will flock to the digital asset to buy and store it. Perhaps their motivation would be for collector purposes the same way we collect original baseball cards. Perhaps it is a devotion to the code of honor that transactions on the blockchain are immutable. Whatever the case, ETC will slowly but surely be the digital asset to have in the future.

This aspect of it being a diamond dozen has been noted by the team at Coinbase who was quick to add it on their platform way ahead of the fan favorites of XRP (XRP), Stellar (XLM) and Tron (TRX). The guys at Coinbase have this unique way of selecting digital assets. They first look at whether the digital asset is decentralized enough. The second way – although unofficial – is they look if the SEC has given the digital asset the pass in terms of declaring that it is not a security. We all remember Coinbase added ETC as soon as the SEC declared Ethereum was not a security.

In conclusion, and as earlier mentioned, the Ethereum Classic (ETC) blockchain is the unaltered version of the Ethereum blockchain. Therefore, the ETC community also adheres to total decentralization through transparency and mutual reputation. What this then means, is that there are no backroom deals. This is something similar to what is found on the Bitcoin platform and community. As a result, ETC will continue to be viewed as the next BTC and possibly rise in value in the crypto markets past Ethereum (ETH) due to this fact.

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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 Martti via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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