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LiteCoin (LTC) and LitePay

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LiteCoin

LiteCoin came up with the recent positive change in its price after a disappointing week for the cryptocurrency market. After having so many currencies going down in price over the last week, it is a true refreshment to see many of those currencies bouncing back up again.

LiteCoin is one of such currencies thanks to the latest rise in its price. It is said, however, that the most recent positive change is actually the result of the announced launching of LitePay. Let’s see what LiteCoin has been up to these days and how LitePay might affect the value of this currency.

The Announcement of LitePay and LiteCoin

After a series of rises that were later on followed by a row of falls, LiteCoin is trading in green once again. This case might easily and most probably be the result of the announcement that LitePay is being launched. The day of the launching occurred yesterday on February 26th, and all users are eager to see how this handy “little” improvement is going to launch LiteCoin to the top.

In case you are familiar with BitPay, you can surely guess that LitePay is actually launched as an alternative to this Bitcoin’s handy feature. Everyone following up with cryptocurrencies have noticed over time that Bitcoin and LiteCoin are competing in a way since LiteCoin is basically much like Bitcoin, but with some major improvements that might make LTC a bit more desirable these days.

The thing that makes LiteCoin stand out when compared to the way Bitcoin works, is the fact that LTC is actually faster and cheaper, which makes it a cost-effective alternative to BTC.

Now, when LitePay is in the picture as well, LiteCoin has possibly signed up for brighter days on the crypto market – at least for now.

With LitePay, LiteCoin users will be entitled to promptly converting LTC to USD and vice versa while also being able to make real-time purchases on the global level.

What is going on with LiteCoin?

February 21st was pretty easy on LiteCoin since this currency managed to climb up to dealing at its peak. The price of LTC at the time was the amazing 252$ per one unit. But, in the following days, LTC saw a downfall reaching a price of 234$ then further dropping to a price of 228$ per one unit.

Over the last week, LTC fell down for over 20% against the dollar but has again seen a brighter day when this currency had another rise. This time, the rise occurred on February 26th, which is also the day of the LitePay launching. At the time of the launching in the period of 24 hours, LiteCoin had another rise that made the currency deal at a bit over 222$.

The day after, on February 27th, LiteCoin had another drop. This time the price fell for -3.67% against the dollar. Consequently, LTC is now dealing at 220.35$ per one unit.

So, although LTC managed to bounce up again, its price dropped once more. It may be the case that a lot of holders decided to sell their LTC units so they could get some profit from the latest rises, so the price fell as a result.

Whatever the case, the founder of LiteCoin Charlie Lee claims that LTC will surely catch up with BTC in the time to come. Charlie Lee sold all his LiteCoin units “due to the conflict of interest” and in order to show the true meaning of decentralization and decentralized platforms where there is no place for personal interest of third parties.

We will be updating our subscribers as soon as we know more. For the latest updates on LTC, 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.

Image courtesy of coinmarketcap.com

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

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 like Bitcoin and Dash, to help protect their assets and hard-earned…

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