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Reddit Plans to Provide Support for Litecoin (LTC) and Ethereum (ETH) Payments, as well as to Accept Bitcoin Again

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Christopher Stowe, the CTO at Reddit recently stated for an interview that the platform sees Litecoin (LTC) and Ethereum (ETH) as good opportunities that will complement Bitcoin (BTC) when it comes to payments. Bitcoin, that was removed from Reddit will also be brought back. However, there is still no official date regarding the deadline for the integration.

Reddit changes its mind regarding cryptos

It has only been a few weeks since Reddit decided that the platform will stop supporting Bitcoin payments when Christopher Stowe, the chief technical officer for the platform addressed the issue in an interview with Cheddar. His statement regarding the future carried a much more positive note. Previously, he stated that the purchase of the gold membership through the use of BTC is both, costly and buggy because of the bad integration by Coinbase.

However, this time, he announced that the platform is discussing threads regarding all cryptos, and especially Bitcoin. BTC enthusiasts have been treating Reddit as a safe place for over 8 years now. He even remembered the day when it all started, and when one of the workers at Reddit discovered it and started making inquiries regarding the nature and value of cryptos.

Two new cryptos will join Bitcoin

With such a positive view on the topic, it is not that surprising that the payment systems on Reddit are getting another upgrade that will make them work better with Coinbase. Mr. Stowe was sure that the users will soon have the opportunity to buy gold membership even through Ethereum and Litecoin as well.

Two considerations led to choosing these two cryptos – they both provide cheap transactions that can be completed instantly, and they are both accessible through Coinbase. Bitcoin will be included as well, and the Reddit’s technical team is trying to find a way to bring it back. There is even hope that fees will be reduced through the use of SegWit and support given to the Lightning Network.

One interesting thing is that BCH (Bitcoin Cash) probably won’t be included in the deal, even though Coinbase has it on its list. Roger Ver, Bitcoin.com’s CEO, recently made an offer to Reddit where he wanted to donate $100,000 to the platform if the company agrees to replace the moderator of the subreddit called r/bitcoin. It is believed that this is due to the fact that the subreddit offers a misleading narrative that claims that Bitcoin Cash is still Bitcoin, which has put both Ver, as well as Reddit itself, under a lot of fire.

Alexis Ohanian, who is one of the co-founders of Reddit, now works at Initialized Capita, a venture capital company. Recently, he has disclosed that he is bullish when it comes to Ethereum and Bitcoin. He believes that Bitcoin has a potential to go to $20,000 by the end of the year, while his expectations regarding Ethereum include its rise to $15,000 per coin.

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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.

Image courtesy of NASA’s James Webb Space Telescope via Flickr

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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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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