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Reddcoin penetrating the Indian market on a new exchange despite regulatory uncertainty

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Reddcoin
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In terms of cryptocurrencies, the Indian government has maintained a somewhat harsh stance. The RBI (Reserve Bank of India) had announced plans to put a crackdown a few months ago on trading and purchasing of cryptocurrencies in the country. According to regulators, the move is set to minimize cases of fraud and money laundry.

However, the decision has resulted in a growing case of anxiety among crypto investors in India. Cryptocurrency related companies are working around the clock to meet the regulators halfway while still serving the growing demand for cryptocurrency investment. But even as uncertainty looms over the crypto industry in India, Reddcoin is making a daring move with its new listing on KoinKo. Now you can use Indian Rupees to trade Reddcoin. Koinko (as a bonus) is also offering over 150,000 RDD tokens as a giveaway in terms of deposits and trading rewards to its users. That is music to any Reddcoin enthusiasts. Let’s take a look at what Reddcoin’s newest exchange is all about.

More about Koinko

At its core, Koinko is giving users in India access to popular altcoins such as Reddcoin, Neo, and Tron to mention but a few. The exchange platform is regulatory compliant with Know Your Customer (KYC) enabled verification processes. Basically, if you need a one-stop solution for trading cryptocurrencies, Koinko is a viable option. Furthermore, the company has put in place anti-money laundering guidelines as issued by the RBI making it a reliable option even with the current regulatory uncertainty in India.

Redcoin for content marketing and content creators

Even with the new listing, there is still no telling what will happen to the price of RDD as the market is still on a bear trend (despite recent developments). Reddcoin, in fact, has been gaining traction in terms of market outreach with a number of exchanges that have listed it as a trading pair on their platform. A few weeks ago, the RDD coin was listed on the BiteBTC exchange as the Reddcoin revolution spread to the Singapore market.

Evidently, Reddcoin is on to something and it’s only a matter time before it becomes the ultimate cryptocurrency for tipping and rewarding creators on social networks. The coin is already in use to promote contemporary art on a platform that allows users to vote for their best pieces whereby the best artists get a 10 percent stake of the sales value in RDD.

What makes Reddcoin Unique?

Well for starters, Reddcoin is taking the idea of social currency to whole new level. It is one of the few coins that can easily be mass adopted thanks to their ease of use and the fact that it’s built to seamlessly integrate with major social networks. This crypto is built to be easy fast and cheap to transact with. Reddcoin uses an eco-friendly staking algorithm that encourages ownership and activity (PoSV) to enable less consumption of energy during mining. What better way to get more social than preserving energy?

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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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Bitcoin crash
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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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coins
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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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crypto credit cards
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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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