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Bitcoin, Ethereum (ETH) or Ripple (XRP): Which Cryptocurrency Will Benefit from the Policies of 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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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