The mood and feel in the crypto-markets is that Bitcoin (BTC) is back to its old ways and readying itself for a Bull Run in the crypto markets. This has even prompted popular crypto-crusader, John McAfee to reassure his twitter followers that the BTC Bull run is coming. As is the case whenever Bitcoin has a good run in the markets, the rest of the coins and tokens follow suit and do astonishing gains. The King of Crypto – BTC – always sets the pace in the markets. Therefore, the time is now to stock up on our favorite tokens of Zilliqa (ZIL) and IOSToken (IOST) not only due to the Bitcoin factor alone but due to the following.
Current and past performance of both ZILLIQA and IOST in the markets
ZIL is currently priced at $0.076 and down 6% in the last 24 hours at the moment of writing this. This means that the digital asset is at its lowest since mid-April. ZIL had peaked to levels of $0.23 in mid-May. This indicates that the digital asset has the potential to perform well outside the influence of Bitcoin (BTC). The peak value of ZIL was reached during a time period of BTC decline.
Looking at IOST, the token is currently valued at $0.024 and down 4.12% in 24 hours at the moment of writing this. IOST had peaked in January to a value of $0.127. It also had another lesser peak value of $0.075 in mid-May. This then means that it could easily reach $0.050 values if Bitcoin continues on its bull run in the short term. Looking at the long-term possibility of IOS, it could eclipse the $0.20 mark by the end of the year.
Testnets and Mainnets to be released this year
The team at Zilliqa has already launched the second version of the Testnet that demonstrates the Scilla programming language as well as sharding. The same project has even convinced the gaming DApp of Etheremon to move from the Ethereum platform to that of ZIL once the Mainnet version is released in the 3rd quarter of this year. This means that it is only a matter of time before ZIL runs with the bulls as was seen with ETH last year when everyone was developing on the platform. ZIL is indeed the Ethereum killer.
The IOST team has also released a testnet version of its platform that has been given the name of Everest. The announcement came at the of June with a notification that the Mainnet will be launched by the end of 2018. The IOST platform also promises a higher throughput than that seen on Ethereum. Therefore, the stage is set for more DApps to be built on the IOST mainnet.
In conclusion, the phrase ‘The Early Bird Catches the Worm’ could not be more applicable than in the case of ZIL and IOST. These two blockchain projects pack a punch and they have already functional Testnet which have given a glimpse of the numerous possibilities of each of the Mainnets. The same tokens have also had an impressive track record in the crypto markets opening the floodgates for more gains in the future. There is no doubt that these two digital assets are a good buy for a HODL investment strategy.
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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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Blockchain-Focused ETF Arrives on London Stock Exchange
The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.
While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.
The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.
Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…
Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?
Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.
However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.
Bitcoin as a divorce tool?
In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.
However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…
Three Biggest Things To Know Come Cryptocurrency Tax Season
In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.
These three tips should help anyone looking to legally report their crypto activity to figure out where to start.
Documentation is key!
There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting. Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.
Calculate your total gains…
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