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XRP misses out as Rhode Island begins BTC, LTC, and ETH trade

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Robinhood, a financial company based in California has recently declared that it will begin the trade of major cryptocurrencies: Bitcoin, Litecoin, and Ethereum on its platform (surprisingly Ripple’s XRP not included), Robinhood Cryptocurrency.

Indeed, this comes as great news as it will allow 4 million potential investors to trade not only on cryptos but on stocks, bonds, ETFs and also other features that have been rolled out by the financial company.

It is important to know that these features are slowly being released to the platform users that reside in these American states: Massachusetts, California, Montana, Missouri, New Hampshire, Alaska, Arizona, Colorado, Florida, Georgia, Indiana, Iowa, New Jersey, New Mexico, Oklahoma, Pennsylvania, Rhode Island, Texas, Utah, Virginia, and Wisconsin. The company has stated its features will be released to other states as time goes by.

At the time of the launch, RobinHood stated on its Twitter page:

As per the tweet by Robinhood, the major cryptocurrencies and other digital assets can be traded without commission on them. The addition of Bitcoin, Litecoin, and Ethereum on RobinHood sums up the cryptocurrencies on its platform to sixteen as it has added other cryptos such as monero, Zcash, Dash, Qtum, Stellar, Bitcoin Gold, Lisk, Omisego, Dogecoin, and NEO.

Furthermore, RobinHood has also stated that it is rolling out some kind of news feed for its users. The Feed will help to update its users on current cryptocurrency news and so on. However, the news feed would only be accessible to some users only on its platform.

The trading of cryptos by American citizens have boosted the platform. After the platform announced it would be adding more cryptos with a commission-free feature, the number its users in America increased.

Robinhood has stated this,

Over the past few weeks, we’ve been overwhelmed by the enthusiasm towards RobinHood Crypto and are excited to contribute to the cryptocurrency community in a meaningful way. Together, we reached four million users and well over $100 billion in transaction volume on our brokerage platform, leading to over $1 billion in commissions saved in equity trades. With the release of RobinHood Crypto, we’re continuing our mission of making the financial system work for everyone, not just the wealthy.”

This is a major stride for RobinHood, but there is no doubt that it will face a stiff rivalry from Coinbase – a popular crypto-exchange. Coinbase on the other hand has increased its investments as news of the procurement of $500 million from TigerGlobal surfaced recently.

RobinHood has been doing very well ever since its launch. But at one time, it was accused of selling users’ information. Meanwhile, RobinHood later responded to the allegations that it is a reputable company, and it would never reveal users’ information for personal gains.

The third largest cryptocurrency, Ripple (XRP) hasn’t been added to the list yet, but the company has stated that more cryptos will be added very soon. On that note, a crypto fan, Rad Gnarlinmouse, stated:

“The app is nothing without #XRP.”

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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.

Image courtesy of JakeWilliamHeckey/Pixabay

Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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