Connect with us

Blogs

Robinhood Invites Dogecoin (DOGE) to Join BCH and LTC

Published

on

Dogecoin

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.

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 Pexels

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

on

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…

Continue Reading

Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Published

on

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…

Continue Reading

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

Published

on

Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

Continue Reading

Press Release