Connect with us

Blogs

ReddCoin braces itself for the Singapore market with a listing on BiteBTC Exchange

Published

on

ReddCoin
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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 Pexels

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

Continue Reading

Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

Continue Reading

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

Published

on

SonicX
READ LATER - DOWNLOAD THIS POST AS PDF

When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

Continue Reading

Elite