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The Stability is Here: USD Tether Comes to 1xBit

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Cryptocurrencies have been stirring the interest of the general public for the last several years, mostly because of the wild price swings that yielded massive profits for the dextrous speculators. The unprecedented level of security, almost complete non-traceability, superior speed of transactions, and substantially lowers fees are among the factors that facilitated the embracement of cryptocurrencies by the millions around the globe.

But on the flip side, high volatility, inherent to digital currencies, has oftentimes dissuaded traditional investors, traders, and common users from entering the space. However, things have changed after the emergence of stablecoins, the type of cryptocurrencies explicitly designed to provide holders with a hedge against severe volatility, thanks to their direct binding to the so-called “stable” class of assets or commodities. Those assets come in the form of the traditional fiat currencies (USD, EUR, CNY) or the traded commodities (gold and other precious metals, crude oil, rubber). Over a short period of time, stablecoins became a cog in the crypto machine, with one coin currently dominating this niche.

USD Tether: stability amidst the total volatility

Similar to Bitcoin, the dominance of which has already surpassed the 70% mark, USD Tether (USDT) currently holds the upper hand among the peers. The idea concerning the issuance of a cryptocurrency that would be pegged to the US dollar, along with a basket of other traditional currencies, to provide the much-needed stability began circulating in 2012, after the publication of a whitepaper that described Mastercoin, the predecessor of Tether.

The official issuance of Tether occurred in 2014, under the auspices of Tether Limited, the Hong Kong-based company founded by a group of well-known digital entrepreneurs. The currency itself had initially been realized on the Bitcoin blockchain through the Omni Layer Protocol, though in 2017, Tether began making a gradual switch to Ethereum and its ERC-20 standard for tokens.

It took Tether only five years to acquire a dominant position among other stablecoins, similar to the one that Bitcoin has overs alts, which translated to the 6th place in the Top 10 cryptocurrency rank with the overall capitalization of $4 billion. The emergence of USDT allowed merchants and traders to leverage against the volatility of cryptocurrencies and even bypass the bans on crypto/fiat trading, like the one imposed by the Chinese government, as well as other banking restrictions.

As of now, USDT provides for the enormous volume of crypto trading activity, with over 75% of all Bitcoin trades are being made against this stablecoin. Moreover, Tether Foundation declared the intention to launch a new stablecoin CNHT, pegged to the Chinese yuan allocated in the offshore account to evade the governmental restraints. But the useful properties of USDT are not limited to trading and cross-border remittances. It can be used as a stable store of value, a loan instrument, and as a means of online betting.

1xBit welcomes USDT

Cryptocurrencies had already established a strong foothold in the gambling industry, having become a bedrock for the crypto-only platforms, such as 1xBit, which accepts more than 30 digital currencies, including USDT. By introducing Tether as the new deposit & withdrawal method, 1xBit shows its devotion to serving the needs of holders of all cryptocurrencies, including stablecoins.

So, if instead of a complicated crypto trading, you feel more competent at betting on sports or playing online casino games, there is no better way to multiply your USDT capital than joining 1xBit. The registration is fully anonymous and requires only one click. Moreover, all newly registered users who deposit the equivalent of 5mBTC in USDT become eligible for a welcome bonus of up to 7 BTC. Gambling with USDT gives you peace of mind that its price will remain unchanged while you wait for the end of a sports game or a gambling session. Finally, the much-needed stability has arrived at the crypto gambling space!

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Warren Buffett and TRON’s Justin Sun Finally Meet for Charity Lunch

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The creator and CEO of a cryptocurrency/decentralised project TRON, Justin Sun, has finally managed to meet with Warren Buffett over a charity lunch. The billionaire and chairman of Berkshire Hathaway has been in constant negotiations with Sun over a possible lunch but the two executives were constantly busy, which has resulted in numerous postponements.

According to Cointelegraph, the two of them decided to meet on January 23 in Nebraska. They were attending a private country club there, but it seems that they weren’t the only ones who made it to the gathering. Some of the other guests who joined Sun and Buffett were Charlie Lee, the founder of Litecoin Foundation, Chris Lee, the CFO of Huobi, Helen Hai, the head of Binance Charity Foundation, and Yoni Assia, the CEO of eToro. 

Sun was rather excited about the event, claiming that it was ‘really an honor’ to meet Warren Buffett in person. Moreover, Sun stated that he was grateful for Buffett’s vision, wisdom, and dinner. Finally, he said he would always remember pieces of advice Buffett provided him with when it comes to making a better ecosystem for Tron and doing business with partners in the world of blockchain.

Why Was This Luncheon Organised in the First Place?

Those who are not from the crypto…

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Should You Invest in TRON in 2020?

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Although the idea of using cryptocurrencies and incorporating them into the modern world is not that new anymore, some people still don’t have a clue about the many options cryptocurrencies offer. The majority of people probably know about Bitcoin, but there are many other cryptos that have evolved in recent years. One of them is TRON, founded in 2017 by Justin Sun, who managed to make it quite famous in one year’s time.

If you are only getting started with Tron, you probably don’t know much about this promising cryptocurrency. That’s why we have done some digging for you and found all the predictions for TRON in 2020. 

In this text, we will list all the facts brought up by cryptocurrency experts, so that you can see for yourself if TRON is something you would like to invest in.

Advantages

Let’s start with the positive aspects of TRON. There are several good things that indicate how successful this cryptocurrency could be in the future, as well as how much its users could benefit from it.

Great Team

As mentioned before, TRON was founded by Justin Sun, one of the most talented young people who got listed in the Forbes ‘30 Under 30’ section. Continue Reading

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5 reasons why you should use a brokerage exchange service to buy and convert cryptocurrencies

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It is considered that the best place to buy cryptocurrencies exchanges. But this is a mistake. Let’s think about why we don’t buy fiat currencies on stock and currency exchanges or on the interbank market. Because it takes a lot of time, you need to have quite large amounts, and trading licenses are also a problem.

The situation is similar in the cryptocurrency market. Exchanges require a lengthy KYC verification process. the process of withdrawing funds through a merchant can take up to 5 banking days. It should also be remembered that before withdrawing funds, you must conduct trading operations. 

What are the advantages of the brokerage service 365Cash.co?

You don’t need to go through a lengthy KYC verification process. This is a crucial aspect for those who worry about their anonymity. 

Low limits and fast execution of the exchange order. If you need a small amount quickly – 365Cash.co is the best choice.

The ability to use payment systems like Perfect Money, Payeer, AdvCash to buy cryptocurrencies at the market rate. Exchanges do not provide this opportunity.

Low commission. We do not charge customers a fixed fee for the exchange. We work at the market rate and are completely dependent on the spread.

Quick…

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