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Robinhood Invites Dogecoin (DOGE) to Join BCH and LTC

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Robinhood has decided that it is time to add another crypto to its trading platform. The platform already supported Litecoin (LTC) and Bitcoin Cash (BHC). Now, however, Dogecoin (DOGE) has received the platform’s support as well.

DOGE joins Robinhood

Robinhood has decided that Dogecoin (DOGE) will make an excellent new addition to its crypto trading platform. DOGE is a P2P cryptocurrency that was created back in 2013 as a joke. The coin came as a response to the meme that was popular at the time, based on Kabou, the real Japanese Shiba Inu that inspired the internet to create countless variations of this meme.

It was created, and ran for a while, by Jackson Palmer, who has since decided to remove himself from the place of the coin’s leader. However, Dogecoin continued its existence, and it currently holds the 40th place on CoinMarketCap, with the price of $0.002893 per token, and a market cap of $333.6 million.

Robinhood’s announcement makes DOGE the newest coin to be added to this crypto platform, alongside Bitcoin Cash (BCH) and Litecoin (LTC), which joined only last week.

An interesting thing about Dogecoin is that it has no limit when it comes to the number of coins that can be mined. In fact, the crypto already has more than 115 billion coins in circulation. It hit the $1 billion market cap back in January, and its worth exceeded that of Japanese Yen at the time.

Robinhood wants a banking license

As for Robinhood, its first batch of users came back in February, when they witnessed a launch of zero-fee trading of Ethereum (ETH) and Bitcoin (BTC). The platform is actually called Robinhood Crypto, and it can be used in 17 states. Additionally, the platform is now supporting five cryptos, but it also provides market data in real time for a lot more than just these five coins.

Some reports from last month have said that Robinhood is discussing the possibility of getting a banking license with the US OCC (Office of the Comptroller of the Currency). Some sources even stated that Robinhood is interested in offering saving accounts and much better interest rates than traditional banks. They even mentioned the possibility of a one-stop financial service portal.

If true, this might be more than enough for the platform to beat any immediate competition that would include traditional banks and financial institutions. Additionally, the company published a job posting for crypto engineers back in June, which has been a cause for an entire wave of various rumors regarding their plans for the future. Some even suggested that the company is creating its own wallet. However, so far, there were no indications that this might be true.

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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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Blogs

Stablecoins Rivalry: Which New Coin will Replace Tether (USDT)?

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After the recent Tether (USDT) incident, a lot of investors started paying more attention to stablecoins. However, they were quite popular long before USDT started losing its value, and a lot of new ones were in development for a while now. These days, the stablecoin invasion is in its full swing, with around 57 coins being around — either already in circulation, or about to enter.

While most crypto investors already know this, we should explain that stablecoins are cryptocurrencies that are backed by another asset. This other asset is often a fiat currency, such as the USD. This is done so that their price would always be the same. with each coin being backed by the same amount, which is usually $1. That way, the coin is able to escape volatility, and ensure stability, hence the name.

While there were numerous stablecoins in circulation already, the one that made them known and popular was Tether (USDT). This is a coin issued by the Tether company, which claims that it can back each coin in circulation with 1 USD. However, since the company failed to provide proof that it actually has enough money to do so, the coin lost its credibility, and investors started dumping it.

This has left an empty spot in the space, and numerous stablecoins rushed in to fill the gap left by Tether. Today, we will review some of these coins.

1. Tiberius Coin…

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Altcoins

5 Reasons Why BAT is A Good Investment

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In their search for the next great investment opportunity, people often tend to run into Basic Attention Token (BAT). A lot of investors have developed a significant interest in the coin, and are wondering if things are truly as good as they seem.

With so many scams and fake coins out there, as well as bad investments that seem good at first, it is a good idea to be skeptical. However, in the case of BAT, many agree that the coin is an excellent investment that should not be missed or overlooked. So, today, we will discuss why this is, and why you should add BAT to your investment portfolio.

1. The project’s goal

BAT has a goal to solve a problem that all of us are already very familiar with, and that is the issue of online ads. For a lot of people, ads are annoying, often irrelevant, and they tend to pop up in all the wrong moments. No to mention that they are intrusive, advertisers steal or buy your private data in order to process it and target you with more appropriate ads, and more.

Most people choose to deal with this by installing ad block extensions. However, what if there is a better way to go around it?

This is where BAT comes in. The project uses its technology to solve this problem by blocking ads unless users decide to interact with them by…

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How and when Electroneum (ETN) mass adoption will catch fire

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Before we talk about how Electroneum is thriving towards mass adoption, let’s take on some basics. What is the meaning of “mass adoption” and what cryptocurrencies could really achieve it? The answer to these two questions will ultimately determine the destiny of the cryptoverse.

Sooner or later some tokens will become useful (and used by) a lot of people in the real world. That will create demand for those tokens and that demand will bring its value up. It will be the point at which the crypto market becomes mature, one that answers to real economic forces (such as supply and demand) instead of being a toy for speculators as it still is today.

So let’s start at the beginning. Mass adoption means that, given any kind of technology, product or commodity, at least seven out of ten people know what it and what they can do with it. This definition doesn’t take into account if they actually use it, only if they know about it. Think about Facebook, for instance. Not everybody you know has an active account there.

But chances are almost everybody you know understands what it is and that they could start using it anytime they wanted (if they’re not using it already) at a rate higher than 70%. Maybe a more explicit example is coffee. The percentage of coffee drinkers in the US is about 83% which is enough to ensure it’s mass-adopted. And everybody…

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