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Here Is How Bitcoin (BTC) Could Do Another 10% in 24 hours

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Bitcoin (BTC) has once again proved itself as being the King of Crypto. Its amazing 10.65% gain in the last 24 hours, and at the moment of writing this, has enabled BTC to rise from levels of $6,700 just yesterday, to current levels of $7,424. As a result, all other coins and tokens are in the green. As a matter of fact, the total market capitalization has risen from Sunday levels of $250 Billion to current levels of $293 Billion. At this rate, the $300 Billion total market capitalization will be reached by the start of the weekend.

But how will Bitcoin do another 10% in 24 hours and get to $8,000?

Only a few hours ago, Global Coin Report had indicated the following 4 factors as to how BTC will get to $10,000:

  1. Proof positive Technical Analysis that indicates the only direction is up for the King of Crypto
  2. The Bitcoin ETF discussion with a pending ruling by the SEC in August
  3. BlackRock Investment firm declaring they are exploring blockchain and cryptocurrency
  4. Billionaire Investor, Steven Cohen announcing that he was investing in a crypto hedge fund

The current market surge is as a result of the above 4 factors. But there is a new development that will make the 10% gain a possible repeat in the next 24 hours.

This new development is that the new CEO of Goldman Sachs, David Solomon, is also eyeing Bitcoin and cryptocurrencies. It is now official that the New York-based investment bank is looking into adding Bitcoin and Cryptocurrency services to its portfolio. The new CEO stated that the bank is currently offering clients publicly traded derivatives tied to Bitcoin.

Mr. Solomon knows that investment banks need to evolve with the times to stay relevant. Otherwise, their fate will be similar to that of the Polaroid camera or Kodak which slowly became obsolete for lack of embracing technological change. Solomon is quoted as saying:

“We are clearing some futures around bitcoin, talking about doing some other activities there, but it’s going very cautiously. We’re listening to our clients and trying to help our clients as they’re exploring those things too.”

This is a clear indication that the current reversal of fate in the crypto-markets might just be permanent and a $25,000 BTC value by the end of the year is still a possibility. There is also the new feeling that Bitcoin could replace fiat currencies in the near future.

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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.

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Bitcoin

Trusted Crypto Tumbler To Protect Your Wealth

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Back when Bitcoin originally emerged, over 11 years ago at this point, cryptocurrency transactions were believed to be fully anonymous. This belief stuck around for years to come, but today, we know that, in most cases — this is no longer the truth.

Since the invention of blockchain explorers, it became possible to track every Bitcoin transaction, all the way back to the genesis block. This came as a part of blockchain transparency which promises to eliminate corruption, theft, and other such issues.

However, there is still a need for a certain level of privacy, as people like to keep their wealth to themselves, and not let everyone know how much money they have, or how much they sent for whatever purpose. This is why many are now using crypto tumblers, or mixers.

What do crypto mixers do?

As the name suggests, crypto mixers/tumblers mix up the coins in order to hide/disguise/make it difficult to discover where the coins came from. Things like the amounts, transactions, and wallet addresses to and from which the coins travel are fully traceable, which is why tumblers exist.

In a way, you could say that mixers can add an extra layer of privacy while using Bitcoin, Ethereum, Litecoin, and many other cryptocurrencies. There are many Bitcoin mixers Continue Reading

Bitcoin

5 Best Places to Bet with Bitcoin

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It seems like BTC is always making headlines for one reason or another.

When the market points towards bullish behavior Bitcoin is all the rage. When there is so much long action (going on right now) and then the price plummets, BTC also dominates the headlines. The same goes for legislation and when any new crypto product or platform comes out. It’s always compared against BTC.

So with BTC fever in full swing, sportsbooks around the world have adopted digital currencies as one of their main forms of funding accounts and paying out winnings. And with sports betting legalized in states across the USA, both BTC and legal online gambling are in the limelight. 

But where are the best places to bet using BTC and other cryptos? Furthermore, why would you want to use BTC, LTC, or Ethereum in this manner?

The Why

The principal reason why you would want to use cryptocurrencies in your ‘sports investing’ ventures is speed, cost, security, and bonuses.

When you use cryptos like BTC (BTX) to move money in and out of your account. You bypass the standard centralized banking system which drastically improves on both the speed of the transaction and the cost of the transaction – this is especially true with payouts. 

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Bitplaza Inc Introducing Cryptocurrency to Retail

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Even though influential companies are not ready to validate cryptocurrencies as a stable form of money, Bitcoin is becoming a more frequently used currency daily. There is a rising number of companies that accept Bitcoin for the purchase of their products, validating it as a spendable currency around the globe.

Bitplaza Inc took the next step into technology and commerce, providing customers with a platform where they can spend Bitcoins for their needs through a mobile device. It opens the opportunity for companies and brands to list their products in exchange for Bitcoin, which will give more credibility to the coin.

What is Bitplaza?

Bitplaza is a shopping app that belongs to a retail company called Bitplaza Inc, located in Pennsylvania. The app is available on both Google Play and the Apple App Store. Bitplaza allows anyone globally to purchase brand new items with Bitcoin. The app has a wide variety of products to buy online, from electronic devices, video games, even groceries. The products that can be purchased from the app range from popular brands such as Sony, Starbucks, Adidas, Apple, and many more. The Bitplaza team is always adding new products to the shopping app, making more items available to be purchased with Bitcoin. The app covers a broad range of products for the different needs of the…

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