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Siacoin: Why Investing in SC Could be Lucrative for Traders This Year




With new ICO start-ups being tokenized every day, the volume of the cryptocurrency market is constantly increasing. The digital currency market that started with only one currency, namely Bitcoin in 2009, now consists of more than eighteen hundred currencies. With the introduction of every new coin offering some unique and ingenious features, the competition for a decent market capitalization and price is getting even fiercer. Simultaneously, the overall purview of this market is also increasing rapidly as various cryptocurrencies are involving themselves in multifarious industries including entertainment, sports, medical science, virtual storage system, and many more.

Siacoin (SC) was introduced to the traders nearly three years ago in 2015. During that time, it was adumbrated by the likes of Bitcoin, Ethereum, and few other cryptocurrency big guns. But since the end of 2017, this currency has exhibited a meteoric rise in both its price and market capitalization. One of the main reasons behind this upsurge was the plummeting of Bitcoin’s price. Since BTC has not yet completely recovered from its frequent price fluctuations; this currency continues to pique the interest of several traders across the globe. Here, some of the main aspects of SC would be discussed to elucidate the reason for holding on to it.

The Purpose of Siacoin:

This cryptocurrency was developed in order to provide a secure decentralized cloud-based storage platform to the SC holders. This storage platform is hosted by Siacoin’s own blockchain ecosystem and can be accessed by paying nearly half of the price people usually pay for other familiar storage platforms like Amazon S3, Google Drive, DropBox, etc.

Using this cryptocurrency, anyone would be able to access or host encrypted storage from any part of the world. Moreover, all transactions, storage proofs, and contracts are verified by the public ledger on Siacoin’s platform to ensure an impenetrable security.

Siacoin’s Efficient Internal Architecture:

The entire blockchain ecosystem of this currency is based on a few main constituents that are responsible for its unique features. The development team of this currency took special care in creating this blockchain system to eliminate any possibility of inconvenience or technical problem. The principal entities of SC blockchain include:

  • Storage Ecosystem: This is the pièce de résistance of Siacoin’s internal design. The storage ecosystem depends on both providers or hosts and clients or users. Through this ecosystem, the clients can commission certain storage spaces from the hosts. In return for this service, the hosts are handsomely indemnified from the blockchain platform itself. One of the main features of this ecosystem is its flexibility. The hosts are given the leeway to set their own prices, advertise their reliability, and set certain standards of penalties in case some problem occurs. On the other hand, the clients also receive a set of protection to secure their own personal data on this platform. They are also given the freedom to reward the hosts after getting a satiating service.
  • File Contracts: File contracts are another very important entity of this currency. Whenever a client and a host agree upon conducting a trade, they draft their own file contracts. The information given on these file contracts are securely stored in SC’s blockchain platform. These contracts also define various terms of storage agreement and make sure that both parties conduct their trade as per their contracts. File contracts are immensely helpful in preventing any sort of unethical and fraudulent activities during trading procedures.
  • Proof of Storage: This entity is one of the main reasons behind Siacoin’s impregnable security. In this system, if the host fails to provide the proof of storage within a certain period of time, the payment to that host by his/her is sent to a missed proof address until an incontrovertible proof is submitted. This unique system is very helpful in protecting new clients from malicious hosts.

Benefits of Using Siacoin:

Because of the elegant and efficient blockchain ecosystem offered by this currency, SC holders can enjoy many benefits such as:

  • Inviolable Privacy: All data processes on the Siacoin platform are encrypted with unique codes. As a result, these data cannot be accessed by random users without using the specific private keys.
  • Security: The encryption also accounts for the security of clients along with keeping their privacy. Also, Siacoin’s inherent systems like proof of storage and file contracts protect the clients from any unethical and malicious activity excogitated by fraudulent providers.
  • Affordability: One terabyte of data storage using Siacoin costs about $2 whereas the rate becomes approximately $23 in case of Amazon. This single piece of data proves the affordability of this currency without compromising with the quality of service.

Current State of Siacoin:

As of 8th May 2018, Siacoin holds the 32nd position on Coinmarketcap with a price equivalent to nearly $0.026 and a market capitalization of approximately 897 million USD. Since its recent technical update and roadmap release, more investors are inclining towards this digital coin causing a steady upward trend for both of its price and market cap.


When it comes to certain cryptocurrencies, security is not the factor that readily comes to mind. Siacoin defies this way of thinking emphatically by providing one of the most secure blockchain based decentralized storage systems. Storage systems like Google Drive, DropBox, etc. are extensively used nowadays for storing valuable data. With Siacoin’s blockchain ecosystem, people would be able to enjoy the same facilities by spending a much less amount of money. Ergo, it is quite evident that the worldwide popularity of this coin is not likely to go away anytime soon. Under the circumstances, holding onto SC might prove to be extremely lucrative for the traders around the world by the end of 2018.

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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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How Can Foreigners Get Loans in Singapore



loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors




When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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CoinFlip Scores Big with BRD Wallet Partnership




As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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