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Skrill wallet adds 4 top cryptos Litecoin, Bitcoin Cash, Ethereum, and Bitcoin

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The crypto world is expanding to new horizons every day, and that precisely is good news regarding endorsement and validation for the whole community. As a matter of fact, there are a few coins out there that somehow, are constantly seeking to relate the cryptosphere with the financial world, a goal that we can all agree is one of the things we wait for the most as crypto enthusiasts. But how realistic and close to happening is this? Well, it all seems to point that the time has already come with the addition of 4 cryptocurrencies in the payment platform and wallet, Skrill. Let’s see how it goes.

Skrill’s announcement

As the webpage of the company establishes “Skrill is an e-commerce business that allows payments and money transfers to be made through the Internet.” The company is based in London, and it was created back in 2001 under the name “Moneybookers,” which was later transformed in 2011 to the Skrill we know right now.

It was a couple of days ago, precisely on July 25th when all of the crypto world woke up to find out that the company made an announcement in which stated that 4 top cryptos of the market were going to be added to the payment platform. Like this, the selected ‘lucky ones’ were nothing less than Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum (ETH).

Skrill is one of the biggest payment platforms in the world. In fact, it has a community of more than 25 million users that, as of now, will be able to transform their fiat money into any of these cryptocurrencies or vice versa. The platform counts with several fiat options such as SGD, USD, NZD, and EUR to name a few and additionally is available in more than 30 countries around the world.

However, it is important to mention that fiat-to-crypto or crypto-to-fiat exchange will not be available in countries like the United States of America or Russia due the severe regulations of cryptocurrencies in those nations. Still, it is early to know what will be the future of this crypto adding to the payment platform, but to say the least many options are likely to occur.

Will Skrill add more cryptocurrencies in the coming months? Will they use cryptocurrencies as well as a payment method for their gambling and sports bettings? Well, we all need to wait in order to see, but one thing’s for sure, the company is more than happy with the latest announcement, in fact, Skrill CEO, Lorenzo Pellegrino stated:

“The world of cryptocurrency trading is exciting and dynamic, and our digital wallet service very much lends itself to this environment.”

Neteller getting cryptos listed as well

It was known as well that the parent company Neteller, it is going to add crypto to their platform any soon, and this is for sure one of the best news for the cryptosphere as it represents a solution for the endless seeking that crypto users tend to make to find a trustable crypto exchange. So, the way to go Skrill!

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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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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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7 Steps to Recovery from a Crypto Trading Loss

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Whether you are a newcomer to the crypto market who mistakenly invested a large amount into the wrong coin, or a professional that made a well-researched decision and something still went wrong, the result it the same — you lost your money to the crypto market. This is a big problem, but also a problem that every crypto trader faces at some point.

The reason may be anything, from simple bad luck to the lack of research. Add to that the fact that the crypto market continues to be extremely volatile, and it is clear that not all of your trades are going to end up successfully.

Whatever the reason is, the fact remains that you experienced a loss and that this is a problem which can affect more than your funds. It can also affect your mind and feelings. Since every successful trade that you have the potential to make in the future depends on you, you have to recover first, and only then should you worry about the funds.

The road to recovery is different for everyone, and it will take a different amount of time and effort. However, there are a few general steps that you can take to recover from a crypto trading loss.

Step 1: Stop and calm down

You have just suffered a major loss. It may have been your mistake, or…

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