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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

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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