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Litecoin (LTC) Eyes Trade Volume Growth with Two New Campaigns

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Litecoin (LTC) decided to expand its influence by introducing two new campaigns. The campaigns have become big on Twitter, and they are called #LitecoinAcceptedHere and #PayWithLitecoin.

Litecoin introduces new campaign

Litecoin (LTC) has asked its users and supporters to help out in the new campaign dedicated to expanding this crypto’s influence.

There are actually two Twitter campaigns which the team has encouraged its users to share – #LitecoinAcceptedHere, and #PayWithLitecoin. The campaign officially started with a tweet that says “Does your business accept Litecoin?”.

This is the latest attempt by this crypto to recover after a significant loss that its value has suffered recently. The effects of the loss have been witnessed throughout the entire market, starting from Litecoin’s drop in rank, and its replacement by EOS.

This development would have hit any other currency pretty hard, but Litecoin decided to stand up and fight, hence the two campaigns. Their ultimate goal is to try and inspire anyone who might be interested in adopting the crypto into their business practice.

Neither the tweet nor the rest of the project carries any particular information regarding the campaign. The point right now is not to make miracles with a huge campaign. Instead, al that this crypto wants is to spread awareness through promotions by its followers. What they expect is to capture the interest of small or medium-sized businesses which might consider adopting this crypto as a payment option.

Through interest and adoption, LTC’s price can get back on its feet and see another increase in price, as well as its exchange volume.

LTC’s recent adoption by WikiLeaks happened on April 25. Julian Assange, the founder of the site, has always been a supporter of cryptos, blockchains, as well as data privacy and decentralization. This acceptance of LTC as a payment method in WikiLeaks shop proves it.

Can Twitter bring Litecoin back on its feet?

Two campaigns have seen a lot of success on Twitter, mainly thanks to the currency’s supporters. LTC users have been posting tweets almost non-stop ever since the campaign first started.

They have been educating everyone willing to listen, and have explained many of the Litecoin’s advantages, as well as those of cryptocurrencies in general. For example, one Twitter user and Litecoin enthusiast by the name of Jon Moore has posted a tweet in which he does just that. Moore claims that businesses that are accepting credit cards as a method of payment can lose the money within six months from the moment the sale happens.

However, through the use of cryptocurrencies, and especially Litecoin, consumer fraud is completely eliminated. Tweets like this can be found on the entire platform, and are always followed by one of the two LTC campaigns – #PayWithLitecoin or #LitecoinAcceptedHere.

Only time can tell whether or not can this plan actually work. However, whatever happens, the enthusiasm of the LTC supporters is something very encouraging for this, as well as other cryptos.

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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

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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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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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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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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