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.
.@Reddit, which hosts communities for every single cryptocurrency in the world, is hoping to bring back crypto payments to the platform, this time with Ethereum and Litecoin in addition to Bitcoin, according to CTO @KeyserSosa. pic.twitter.com/wkUniMvhex
— Cheddar???? (@cheddar) May 2, 2018
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.
Dear @reddit, I heard that as of recently you were not a profitable company.
I'll pay you $100,000 USD if you simply appoint a moderator to /r/Bitcoin who supports free speech. https://t.co/pFWK21QE6q
CC: @alexisohanian @wtfspez @brian_armstrong https://t.co/KTV8Rptk37
— Roger Ver (@rogerkver) April 18, 2018
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.
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 NASA’s James Webb Space Telescope via Flickr
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…