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Bitcoin, Ethereum (ETH) or Ripple (XRP): Which Cryptocurrency Will Benefit from the Policies of Donald Trump?

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Donald Trump
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Fiat currencies are in turmoil across the globe, and as trade wars and the crushing blow of sanctions are hoisted on various nations by western powers, the alternative currency market may be attracting a number of world leaders looking to bypass the US dollar. For countries like Iran and North Korea, desperate to get their goods back on the market, it seems cryptocurrencies may become a viable way around the hegemony of the US dollar. And as the nations most affected by a growing series of brutal sanctions and draconian trade tariffs are forced into seeking alternatives, the enforcers of global policy would be missing a golden opportunity if they weren’t themselves already invested in the very currencies available to these ‘enemies’ of the free world.

Donald Trump himself has made a number of remarks regarding Bitcoin (BTC) and the coin market since taking office. While being careful not to take a hard stance for or against the trading of alternative currencies, it is clear that he is watching the markets with some interest. And as his global trade wars escalate, forcing the hand of partners and foes alike, it would stand to reason that Bitcoin will most likely be the coin of choice for rogue nations like Iran and North Korea.

Bitcoin (BTC) is still the undisputed king of the alternative currency market, although Ripple CEO believes it will come to an end. And with the power of name recognition alone, the less savvy players of the developing world may look immediately into the benefits of secure person-to-person transactions available through the world’s best-known cryptocurrency. The delayed transactions and hefty fees the original blockchain is known for can be easily over-looked as nations damaged by sanctions seek to push their products back onto the market.

And if smart contracts are necessary to facilitate the more intricate trading needs of nation-states, Ethereum (ETH) could provide the framework necessary for exchange to occur. While lesser known currencies are quickly developing the means to do Ethereum’s job with less friction, the number two token available to consumers is by far the more recognized currency for legal transactions tracked on the blockchain.

But Bitcoin (BTC) and Ethereum aren’t the only game in town these days. Ripple (XRP), currently fighting the Securities and Exchange Commission over a series of potential violations, has proven itself quite effective at cross-border transactions where the parties involved may not be holding the US dollar as a preferred medium of exchange. With over one hundred institutions experimenting with the token, it could easily fit the bill for countries looking to trade their goods without the worlds policemen watching too closely.

As the world reels from the sanctions placed on their countries by Trump and the US State Department, the nations most affected may look to the cryptocurrency market as a viable way to navigate around the barriers of US dollar hegemony. Whether with Bitcoin (BTC), Ethereum (ETH) or Ripple (XRP), the benefits of the alternative currency market will allow many nations to create unconventional trade deals, benefitting savvy investors, already hodling the chosen currencies in question.

With these facts in mind, it isn’t hard to imagine Donald Trump (and other members of US leadership) pushing nations further into cryptocurrency markets and driving prices to new highs.

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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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Altcoins

Analyzing The Best-Performing Cryptos

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Over the nebulous first half of this year, some tiny cryptos were able to grow by more than 1000% and reach the desired top 100, while others that were already in the top 50 bastions simply zeroed. What factors led them to perform like this? Luck, external factors or well-made decisions?

First of all, it is important to clarify that it would be unwise to analyze them disregarding the market context (crypto and non-crypto) of the period, so we’re using a holistic approach.
In our timeframe, considering the traditional market cycle of emotions, in contrast to the standard chart below, the euphoria quadrant had a much larger peak and a much shorter duration, starting in the middle of 2017 and ending at the beginning of 2018, while we were stuck in the period of “excitement” since, maybe, 2015. The emotions in red passed in a rush and at the end of July, we were already in deep “despondency”.

Source: https://russellinvestments.com/ca/insights/the-market-cycle-of-emotions

Besides to the fact that the market completed half of the cycle in less than half a year, some very relevant things, besides the usual phenomena expected of an investment market, happened during this period. In addition to the hype the period enjoyed and the fact that bad, inexperienced investors were frantically joining the crypto market, we…

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Is Tether (USDT) really a stable coin?

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Tether
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Tether is one of the top digital assets in the crypto-sphere. The coin was launched in November 2014 after it changed its name from Realcoin so that the crypto community doesn’t associate it to the altcoins. It is important to know that Tether is a currency that helps to convert fiat currencies into digital currencies.

Moving forward, there have been lots of FUDs around Tether these days as regards to whether it is going to be a truly stable coin as the market has seen dips lately. Also, the FUDs around Tether have raised questions on whether there are any backings to the digital asset.

It is crucial to know that other factors have been attributed, and one of them was a report from last month that stated that Tether and Bitfinex, had gone their separate ways with Noble Bank. The separation made Bitfinex suspend fiat wire deposits – without no reason or whatsoever.

Tether, in regards to market worth, comprises about 92 percent of the market capitalization of stable coins. Also, this stable coin offers two purposes: to stabilize the volatility of Bitcoin, and also to preserve the amount of money purchasing power investors have at hand when the value of larger cryptocurrencies such as BTC drops.

The coin is a good alternative for traders when trying to cash-in on fiat currencies, as we do know that trying to move money from different exchanges to fiat…

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TRON Partnership Involves Cloud Computing

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TRON partnership
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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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