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ReddCoin braces itself for the Singapore market with a listing on BiteBTC Exchange - Global Coin Report
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ReddCoin braces itself for the Singapore market with a listing on BiteBTC Exchange

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ReddCoin
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ReddCoin is paving the way for the internet of value with plans to make it easy for the mainstream public to use cryptocurrencies with ease. To achieve this, ReddCoin is taking advantage of a proof of stake velocity protocol that does not only make it easy for miners to sustain and make a profit on the network but also guarantees the decentralization of the network. The ultimate plan for Redd coin is to dominate the social platforms. If the project’s roadmap is anything to go by, there already exists impressive technical developments designed to integrate the coin seamlessly into major social networks. Little wonder how the RDD coin has managed to make tremendous gains going after new markets with the news of its listing on a new exchange.

ReddCoin going after new markets

It has barely been a month since ReddCoin unveiled the revolutionary Redd pay and Redd Card services to enable crypto enthusiasts to spend their RDD more efficiently and with ease than the announcement for the coin’s listing on BiteBTC exchange came out.

With this new development, Redd Coin will not be able to tap into a new market with the potential to scale even further in terms of outreach but the project’s ultimate goal of accessibility and ease of use will be a step closer to reality. Already there has been speculation around the price of Reddcoin( currently at $0.008 with a market cap of over $200 million) hitting the coveted $1 mark. By the look of it, that target might no longer be a far-fetched dream considering its new listing on BiteBTC.

More about Bite BTC

For the uninitiated, BiteBTC is basically one of Singapore’s biggest cryptocurrency exchanges. It features a full compliance with Know Your Customer (KYC) regulatory requirements, a SWIFT wire transfer across the globe, a desk with institutional grade tools for traders and an automated API for trading. There is more. The platform also comes with up to five payment methods for buying crypto including Visa and Mastercard credit and debit cards, Alipay, OkPay, JCB and Swift wire transfers. This means that the platform does not only provide value to traders and crypto enthusiasts in Singapore but is also accessible to a global audience of crypto enthusiasts. Just recently, the exchange platform equally announced that Verge Coin (also known as the privacy-centric cryptocurrency) is listed on its exchange. Now that Redd coin is added to the bunch there is simply nothing holding back traders on BiteBTC from the best performing altcoins in the market. Plus, BiteBTC comes with reasonable fees and a variety of coins to buy and sell, and BiteBTC is also offering users a straightforward exchange that also comes with a free wallet.

Why the listing on BiteBTC matters to RDD

Well, for anyone in Singapore, the announcement about RDD being available on BiteBTC as first posted on BiteBTC’s twitter page and on ReddCoin’s website is more than just good news. RDD presents the opportunity to invest in a developing and rapidly growing coin that is sure to excite traders and cryptocurrency investors in Singapore. AS RDD grows and develops, such moves will enable the coin to establish its position in the market and advance further towards building an internet of value.

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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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crypto trends
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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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