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Bitcoin ATMs Surge In January As Bull Market Sheds Positive Light

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The concept of cryptocurrency adoption has been appealing to the community for a long time now. This feeling has also been propelled by the developments and updates in the industry.

Statistics have now shown that the adoption of Bitcoin has been on the rise due to a number of its peripherals gaining significant traction across the globe. Bitcoin ATMs have become all rage, and global numbers have started to grow.

According to sources, new Bitcoin ATMs were being set up in cities across several regions. Many of these were for convenience but some have also felt the need to showcase how user-friendly and efficient a Bitcoin ATM is.

More than 400 Bitcoin ATMs were set up all over the world in January 2020. This influx in interest, as well as the capital, was the main reason why the total number of Bitcoin ATMs was closing in on 7000.

The increase in the number of Bitcoin ATMs comes at a time when the price, as well as the market cap of the coin, has gone up since 2019. Bitcoin and its compatriots have had a great start to 2020 and the increased ATMs was an effect of that phenomenon. There were some period highs in the middle of 2019 but that had waned once the bear market started towards the fag end of the year.

Statistics showed that at the start of this year there were only 6377 ATMs present around the world. In a month’s time, the number of new machines set up jumped to 432 while the number of ATMs closed was 104. These numbers showed a 5.1 percent increase in  Bitcoin ATM space.

Since Bitcoin’s inception, the community around the cryptocurrency has grown by leaps and bounds. That has been evident in the number of companies foraying into the Bitcoin ATM space. Genesis Coin has the most number of ATMs with 16, followed by General Bytes with 62 machines. Several companies such as Coinflip Bitcoin ATMs and Bitcoin Depot that made news for installing completely new machines.

The United States has naturally taken the lead in the Bitcoin ATM sphere as the region was targeted by several fintech companies. In January, 325 new ATMs were installed in the US while five were added in Canada. The United Kingdom came in third place with two new ATMs in January. At the same time, some countries also saw a loss in the number of machines.

Austria reported that three ATMs were decommissioned in the country while the Netherlands shut down two locations. Other than Bitcoin, these machines also support cryptos such as Bitcoin Cash and even Dogecoin. BCH has become an ATM friendly crypto after the number of BCH supported ATMs increased by 4 percent in the last month.

 

JP Morgan’s Quorum to Merge With Ethereum Based ConsenSys; Has Mainstream Finance Finally Decided to Trust Crypto?

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Mainstream companies have understood that integrating blockchain technology into their peripherals would result in added advantages in business. This was also a mantra followed by one of the world’s biggest banks, JP Morgan.

Recently, JP Morgan revealed that they were considering merging their popular Quorum blockchain unit with the ConsenSys Joseph Lubin. The news is coming in the wake of a report that indicated some troubled times for ConsenSys

Sources close to the bank stated that they were in initial talks to merge Quorum because of its functionalities and abilities to utilize blockchain. There have been no formal announcements as of yet but a concrete plan is expected to be revealed in 4-6 months.

ConsenSys is expected to be a good fit for Quorum because the latter too is based on Ethereum. Quorum is used by JP Morgan to run the Interbank Information Network which acts as a payments network for over 300 banks. There were also earlier comments that mentioned Quorum would be used to create the bank’s native crypto called JP Morgan Coin.

Ethereum’s commonality was one of the main reasons why the companies decided to merge. The bank revealed that they were planning to spin-off Quorum for another two years. Along with this, JP Morgan also has plans to set up an open-source foundation as well as creating a new startup. The spin-off idea was first suggested back in May 2019 but it was anything but concrete.

Quorum blockchain has also gone through some upgrades over the months, forcing many people to sit up and take notice. Quorum now has added privacy features from Ethereum as well as an upgrade within the Java programming language.

The news was also met with some trepidation as there was growing concern that a change in integration would affect existing projects on Quorum. People close to the initiative stated that the merger with ConsenSys would not change a thing to exiting compounds.

ConsenSys was also in the news recently when a project based on it launched its own ‘Proof-of-Use’ Network to discourage speculation. The project is titled, Activate and is part of the ConsenSys Codefi. It is an Ethereum-based operating system for decentralized finance products.

The updates from ConsenSys is expected to generate more interest from JP Morgan for the Quorum integration. Many proponents of the space see it as an opportunity to bring in more developments into the digital asset industry by involving mainstream finance.

 

The 20 Best Wallets For Your Digital Currencies in 2020

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The cryptocurrency industry has experienced significant growth in recent times. As the cryptocurrencies grow in development and demand, their platforms are working more and more to offer to their clients and investors. Basically, a cryptocurrency wallet store’s digital assets manage security issues and identity verification.

The most important part of a cryptocurrency wallet is the key. Prior to deciding on the wallet, you intend to store your digital wealth, you should analyze the advantages and disadvantages of a platform. There are five types of digital wallets and in this article, we are going to narrow down the 20 best wallets to store your cryptocurrency. We hope this helps you make a Shrewd choice.

Coinbase

Coinbase

 

Coinbase is one of the most secure cryptocurrency wallets and trading platform. On top the sufficient security, Coinbase has covered all the crypto-assets through an insurance policy. In addition, you can also link your bank account and start buying and selling cryptocurrencies using the wallet.

Coinbase offers its users a lucrative user-friendly interface that is easy to use even for beginners. The wallet can store more than one signature and the two-factor authentication ensures added security. The firm is backed by several reputable exchanges on top of a big number of investors. Furthermore, Coinbase has a long way to go but it is one of the safest cryptocurrency wallets on the planet. 

Exodus Wallet

Exodus

Exodus is a universal cryptocurrency wallet that was rightfully considered one of the best wallets of 2019. The hot wallet supports over 100 altcoins. Moreover, it has a built-in cryptocurrency exchange service on top of a convenient user interface.

Unfortunately, one cannot link their bank account to the wallet. However, one can buy bitcoin or Ether using fiat deposits. In addition, Private keys are stored on the user’s device. Incase of operating system failure, the program can be easily restored. 

Jaxx Wallet

jax wallet

Jaxx wallet has been operating since 2014. The wallet supports multiple currencies as one can exchange more than 80 cryptocurrencies using Jaxx. Jaxx wallet is available on Android, iOS, Windows, and Linux while one can also use the chrome extension. The platform boasts excellent customer care support through online platforms like email or social media.

In addition, it has a news module that enhances the app’s value as it shares all the significant updates and crucial information on digital currencies and Blockchain. Jaxx wallet also enables users to keep track of the market by analyzing price and market cap while following the latest trends.  

Copay Wallet

Copay

Copay wallet is a product of BitPay Inc. Bitpay has led to many businesses accepting Bitcoin as a payment medium. That makes Copay one of the most accepted Bitcoin wallets in the world. All keys in Copay are stored locally for device-based security. However, the wallet lacks two-factor authentication.

Using Copay, a user can pay on some very popular e-commerce websites such as Amazon and other businesses. The wallet supports Bitcoin and Bitcoin Cash. Copay is an open-source wallet that has been backed by developers to provide security for your crypto-assets.

Coinomi

coinomi

Coinomi Blockchain wallet supports multiple currencies such as BTC, ETH, LTC, etc. The hot wallet has a multi-currency application for smartphones. It also has a Russian language interface on top of two integrated cryptocurrency exchange services. Private Keys are exclusively stored in the mobile app. The wallet is available on iOS, Android, macOS, Windows, and Linux. 

KeepKey Wallet

KeepKey 630x261 1

Keepkey refers to a hardware wallet that stores private keys in cold storage to keep them safe from vulnerabilities. The wallet generates a 12-words security key that can be retrieved incase it gets lost. Moreover, the wallet supports BTC, BCH, DASH, DOGE, ETH, LTC, and NMC. 

In addition, KeepKey is a safe wallet in terms of security as it is safe from any virtual or physical attacks. It also provides an online platform alongside desktop and mobile applications for efficiency. Anyone looking to build an online portfolio on cryptos should try this very reliable cold wallet.

Blockchain Wallet

Blockchain wallet screenshot 01

Blockchain wallet is very easy to create and very suitable for private one-time transactions. The wallet supports multiple currencies and uses two-factor authentication to safeguard them. In addition, Blockchain Wallet’s administration doesn’t have access to information about the users. 

The wallet is quite similar to the Coinbase wallet.  The wallet allows users to send and receive payments directly. The wallet is supported in over 35 different states.  It has affordable transaction prices and it supports a range of cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, and Stellar Lumens. 

Moreover, the wallet offers instant transactions to users which is convenient. Moreover, a user can store funds in the cold wallet and use the hot wallet for daily transactions. Both public and private keys have to be written on a piece of paper that will be stored offline. Blockchain wallet Connects users for exchanging funds all around the world and there are no intermediaries.

Blockchain wallet is available on both Android and iOS platforms. 

Ledger Nano

iota ledger nano s 750x430 1

Ledger Nano boasts among the best Bitcoin, Ether and altcoins hardware wallets. The device has an enclosed execution environment that protects digital assets and transactions. It can be connected to a computer using a USB cable and it also has an OLED display for extra confirmation.

Ledger Nano supports multi currencies and the list keeps growing. In case you lose the device but you still have the secret phrase and backups, you can restore all your assets in a new device. No one can access the device without a PIN code.

In addition, while using the hardware, your private keys will always remain secure inside the device and they will never reach the computer. This guarantees protection against hackers. 

Trezor Wallet

Trezor Wallets2

When considering hardware wallets, Trezor is among the best Bitcoin wallets in the industry. This wallet allows one to store cryptocurrencies in cold storage and at the same time use it like a hot wallet. Additionally, Trezor can be safely used in a computer affected by malware.

It is small in size and it can be easily carried in the pocket. The device is backed by a 24-letter recovery seed and a user has total control of the private keys. On top of that, it has two-factor authentication. It has a unique sign for every transaction to keep the user’s crypto safe. However, it has been a victim of attacks and threats due to its firmware. 

Electrum Wallet

electrum mobile 800x600

Electrum is a highly reliable, fast, secure and easy to use a cryptocurrency wallet. The wallet is developed to allow regular use of cryptocurrency as a payment medium since it provides straight-forward and easy solutions while transacting. 

The wallet has a newbie-friendly user interface that enables effortless use. It also has a two-factor authentication to provide adequate protection of your digital wealth. The software is open source meaning any developer can contribute towards its development.No data is stored online and anonymity is highly maintained.  Unfortunately, only Bitcoin is supported.

Edge Wallet

edge wallet

Edge is a simple and easy to use Bitcoin wallet that is supported by both android and iOS. The wallet is highly convenient for beginners in the crypto world and provides automatic backups. In addition, it supports several currencies including BTC, ETH, LTC, etc.

Guarda Wallet

Guarda Wallet 1

Guarda’s non-custodial wallet is based in Europe and supports multiple currencies.  It supports over 40 digital currencies. In addition, it has a number of in-built crypto tools such as exchange, digital assets manager and also a Guarda tokens generator. Its system is user-friendly and is supported across desktop, mobile, web as well as desktop, mobile, web, and chrome extension.

Guarda does not allow the direct purchase of cryptocurrencies from the wallet. However, one can purchase through credit cards or through bank transfer. The wallet does not store vital information like private keys or client data. Once you log out, it clears all the information automatically as fast as possible.

In addition, it supports a wide range of digital currencies which makes it convenient.

FreeWallet

freevwallet

Freewallet boasts a built-in cryptocurrency exchange system that makes it convenient to acquire and trade all the relevant cryptos. This Hierarchical and Deterministic wallet provides support for a variety of signatures.

Two Freewallet users can transact between them without any cost. However, network fees are charged for any other transaction. The wallet does not provide private keys to users. Also, the users don’t have control over their private keys.

Unfortunately, the web version is prone to vulnerabilities and malicious attacks.

Infinito Wallet

infinito

Infinito Wallet is the world’s first cryptocurrency wallet to avail of global transactions to users.  The wallet provides faster transactions through a 24/7 blockchain regulation. It also supports a variety of digital currencies including Bitcoin, Ethereum, Litecoin as well as Neo tokens.

It provides features such as contacts and Price Management, multi-language, transaction history, QR code scanner, and a digital portfolio.  It provides a private key to protect your virtual assets from scammers and a public key to receive payments from others.

Unfortunately, it is vulnerable to mobile malware and its possible to lose all your coins if affected.

Nexo Wallet

nexo

Nexo wallet is the best wallet for Nexo token holders. The wallet gives 30% of its profits to users as dividend payments. This ensures a passive income to the holders.

The wallet is available on Android and iOS platforms. A user can check the value of their tokens even without selling them through the wallet.

In addition, Nexo users can access crypto loans through the wallet as Nexo provides crypto-backed loans. An individual can earn upto 8% of their idle funds  on top of guaranteed safety.

Bitcoin Wallet 

bitcoin wallet

 

Bitcoin wallet, the same as Bitcoin has earned a reputation as the most widely used wallet in the world. Bitcoin is the most popular and trusted cryptocurrency in the world. The wallet has engaged more than 42 million users and it is actually the most secure wallet.  The wallet has reported over $200 million transactions to date.

The bitcoin wallet is the best BTC wallet and gives users full control over their funds. The wallet can be accessed at any time anywhere in the world and offers exchange and trading services.  The wallet can be operated using iOS, Android, Windows, Linux, or Mac.

Greencoin Wallet

greem coin

Greencoin wallet is a reliable BTC wallet as it balances between the convenience and security of a BTC transaction. However, the wallet is designed for the experienced investor and it runs on a very powerful system. It can also be integrated on both iOS and Android.

Greencoin wallet has a very beautiful UI that allows users to exchange and trade Bitcoins. Moreover, it is referred as the most flexible hardware wallet in the market.  It is suitable for long-term traders due to the additional features that offer the best services to users.

After every transaction, the wallet generates a unique public key automatically. This ensures that your public address will always remain unique. Setting up the wallet may take a lot of time and it is not advisable for newbies.

Airbitz Wallet

airbitz

 

Airbitz is a hot wallet best for BTC. It allows users to store, collect, and send bitcoin across the globe. iPhone and smartphone users can effortlessly  manage their cryptocurrencies using the mobile app. However, the desktop version is not yet ready. Customized PIN code and password will be attached and write them down for future reference.

Robinhood Wallet

robin hood

The Robinhood wallet offers unmatched features that are really helpful to the users. Moreover, the wallet is aiming to offer commission-free cryptocurrency transactions to its users. The wallet supports Bitcoin, Ethereum and Dogecoin besides other popular digital currencies. 

The app version is powerful and it facilitates buying, selling and trading of assets using the application. Unfortunately, the dividends reinvestment program is not available on the wallet. However, the company is working on it.

Hive Wallet

hive 1

 

The Hive wallet aims at providing greater convenience to the traders. The wallet has a simple user interface; where one can use the navigation buttons to increase visibility. It facilitates buying and selling of cryptocurrency using two main screens.

Hive is one of the best wallets out there due to its simplified payment verification process. This eliminates the need for a third-party application.Additionally, the wallet has a game-changing feature in bitcoin AppStore. It lets the user interact with other systems within the blockchain ecosystem. 

 Conclusion

Cryptocurrency wallets play a significant role in the cryptocurrency ecosystem. More people are becoming interested in trading using digital currencies and these wallets; are there to make their experience convenient, secure, and simple.

In fact, every wallet is very different from others and has quite unique features. With all the information provided, you can make a good choice of a wallet that will suit your needs and make your cryptocurrency journey an enjoyable one.

 

Is a New Deal on the Cards? Tron’s Founder Holds Meeting With Litecoin’s Charlie Lee

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With the year 2019 now well gone, the Tron community is certainly expectant of more deals and partnerships but no ploys in 2020. Recently, Tron’s CEO Justin Sun tipped on a new alliance with Apple’s co-founder Steve Wozniak when the pair took a meal together. As usual, critics ridiculed Sun over the move. However, others, among them icons in the digital ecosystem deemed it a shrewd move.

Just yesterday, Sun via a tweet revealed he held a meeting with Litecoin’s CEO Charlie Lee. The caption on the shared picture on the tweet claimed that the two discussed their respective blockchains and Bitcoin generally. In addition, the Tron CEO added an enigma that the two discussed “some secrets.” Usually, Justin Sun’s tweets always draw speculations and this one was no different. The tweet raised many speculations regarding a possible collaboration with Litecoin.

While Both Tron and Litecoin communities are optimistic about some sort of partnership between the Tron foundation and the Litecoin foundation; maybe the latest meeting was just a meeting. In addition, Sun did not disclose if a partnership had been initiated between Tron Foundation and Litecoin Foundation.

Moreover, we cannot just ignore the fact that the two have held talks in the past to improve blockchain and cryptocurrency sector.   In addition, the increased adoption of digital currencies to the general world has played a major role as a morale booster for both of them throughout their blockchain careers.

Sun’s Dodgy Announcements

Over the years, the Tron founder has been making headlines in all the mainstream press globally. However, he’s been creating a mixed atmosphere within the digital currency community. Many have acknowledged him for drawing as much attention as possible to Tron and the cryptocurrency sector in general; with his unconventional skills. However, others have despised him and branded his methods as misleading. Well, it is understandable for both parties considering Justin’s history of making announcements about bigger announcements.

Possibly, the canceled luncheon with the legendary billionaire investor Warren Buffet is the most notable one. Sun unexpectedly canceled the meeting after paying top dollar and apparently inviting a few guests over. He later apologized for the inconvenience and admitted that he was overindulgent in marketing the lunch.

Tron Advised on How to Become as Big as Apple

A few weeks back, Sun met the co-founder of American tech giants, Apple’s Steve Wozniak. This caused a frenzy amongst the cryptocurrency community. The expectation was that soon Tron may partner with Apple in the same way it did with Samsung.

Later on, Justin Sun revealed that he had received shrewd wisdom from Steve on how to prime his blockchain project. He claimed it was a huge pleasure to receive counsel from Steve on how to grow Tron Blockchain project like Apple.

Charlie Lee Suggests a BCH-Like Approach

Litecoin’s founder Charlie Lee, had earlier suggested a BCH-like development approach to create the Litecoin blockchain. As per him, mining pools contributing a chunk of the block reward voluntarily is a huge way to fund a project. He said:

“Currently with merged mining of Dogecoin and other Scrypt coins, miners make 105%+ of block rewards. So 1% is a reasonably small amount to give back towards funding a public good.”

Conclusion

TRX has not reacted to Justin Sun’s latest announcement. The altcoin latterly shited to position No. 10 on CoinMarketCap’s rankings. However, it has since slipped to spot 12. Tron (TRX) is currently valued at $0.016234 with 1.53% losses on the 24-hour modified timeframe.

Telegram tipping crypto service ParJar crosses new milestone with an increase in users

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The cryptocurrency market has made it a point to integrate into mainstream workings, and with the advent of several new tokens, that job has been made much easier. ParJar, a popular social cryptocurrency wallet with its native Parachute token shot to fame after it promised to make paying tips a simpler and more straightforward task. The official handle of the cryptocurrency recently tweeted:

“And the tips keep on rolling! ParJar just crossed half a million tips!!! 21,000 people in over 500 communities use ParJar to share crypto with friends. BOOM #cryptoforeveryone #bitcoin #eth #crypto”

Launched this year, Parachute has amassed quite a following who believe in the asset’s mainstream functionalities. The community now consists of 21,000 users who made a total of 512,000 tips.

The statistics also showed that 20,000 deposits were made with a total of 33,000 withdrawals. Users of the token were thrilled to see the progress of the digital toke, with many claiming it to be a fascinating event. The ParJar community relies on a couple of factors to ensure that its members stay loyal to the program.

ParJar has made it easy to reward the customers who use the token on a routine base, even ensuring that they get a name in public. The organization abides by the motto of creating and conserving project ambassadors to create a tight-knit crypto community. ParJar functions as a tool for community managers, enhancing games, competitions, community airdrops, and other basic functionalities.

The crypto works as an off-chain wallet for Telegram that enables you to send digital tokens to other people who are also on Telegram. As soon as a user has a wallet, they can deposit some coins into it and start sending crypto to other users immediately. The native PAR token is one of many cryptocurrencies that users can send on the wallet, with Bitcoin, Bitcoin Cash, and Dogecoin being some of the other options.

At press time, the PAR token was trading for $0.000411 after a 4.28 percent drop in prices. The cryptocurrency held a total market cap of $145,841, with a 24-hour market volume of $1,800. The project has begun getting widespread attention with users such as Eustace Bagge stating on Twitter:

“I have been a ParJar user for over a year, and think it is by far the best Telegram integrated project. Useful and at the same time easy to operate, it has really improved my cryptocurrency experience, and has exposed me to a wonderful community of people. The team has a work ethic that is sorely lacking in the cryptocurrency space, and even regular business.”

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Cryptocurrency donations gain more traction with DigiByte’s latest move to support Andrew Yang

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The world of cryptocurrencies has been part of the public eye for quite some time now, and with every passing day, the familiarity has only increased. Virtual assets have now become so common that it has even entered into the fore of political elections. Reports have come in that DigiByte, a popular cryptocurrency, has collaborated with Vertbase to launch a cryptocurrency donation platform to support Andrew Yang for the upcoming 2020 Presidential Elections.

It may not come as a surprise to many people that cryptocurrencies are being used to support a presidential candidate. Still, Yang has been one of the few frontrunners who have publicly committed to cryptocurrencies.  Yang had once said:

“Cryptocurrencies and digital assets have quickly grown to represent a large amount of value and economic activity. It’s time for the federal government to create clear guidelines as to how cryptocurrencies/digital asset markets will be treated and regulated so that investment can proceed with all relevant information.”

Interested participants will be able to donate to the fund in Bitcoin, Litecoin, DigiByte, Dogecoin, and Vertcoin towards the platform. A majority of the cryptocurrency community has backed Yang with the expectation that the Democrat will open doors for blockchain technology and virtual assets.

The DGBAT will be partnering with the SuperPAC Humanity Forward Fund while Vertbase, the instant buy, sell, and swap exchange will represent the crypto world. Michelle, a DGBAT core member, and advisor added:

“By incorporating a larger segment of the cryptocurrency community, #DGBAT hopes that this donation platform will facilitate a broader conversation, donation and awareness effort surrounding the emergence of the #blockchain economy on a national level. #CryptoFWD #VoteCrypto2020”

The Humanity FWD organization believes that mass adoption can only be perpetuated if all sectors of the industry work in tandem. One of the main goals has also been to integrate freedom of speech and freedom of monetary value in one place, and as Yang believes in digital assets, the SuperPAC was confident in achieving its goals.

Yang shot to fame when he stated that he would automate the voting system using techniques based on blockchain technologies. His campaign run was filled with promises to revolutionize the industry using new technologies so that people don’t have to bear the burdens of mismanagement. He also made a case for crypto regulations to be made more lenient and smart, addressing issues that the new rules only serve to curb crypto organizations.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Altcoin performances break expectation as major coins continue to struggle

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After an extended bear run, the cryptocurrency market’s climate seems to have changed for the better with popular altcoins enjoying green pastures recently. Bitcoin, after holding at the $8000 level, looks like it needs notes from alts like Dogecoin, NEO, and XRP on how to hit the ramp.

Dogecoin

Dogecoin

The Jackson Palmer co-founder cryptocurrency loves sudden rises in prices, and that is precisely what has happened in the course of the last few weeks.

As of now, the Bollinger bands are in the midst of a divergence, which may indicate that there is an imminent bull run. The CMF line was below the zero line, which meant capital movement was less. The RSI showed that DOGE buy trade was more than the sell trade.

NEO

NEO

NEO has been trying to break away from the sideways moment, and there have been positive indications in the past week. The Bollinger band showed the exact same thing because the upper band and the lower bad was heading for a divergence.

The CMF maintained a healthy distance from the zero line and pointed to the positive capital movement. The RSI was heading away from the oversold zone, a sign that users were buying more of the cryptocurrency.

XRP

Ripple XRP

Ripple’s native cryptocurrency has had a difficult 2019, but its recent performance may indicate a change in fortunes.

The Bollinger bands had diverged completely, which meant that crypto was heading to the greens.

The CMF showed a strong signal of a really positive capital movement. The RSI was also in support of XRP as the line maintained near the overbought zone.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Lesser Users are Sending Bitcoin to the Top Cryptocurrency Exchanges

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A recent report by Bloomberg mentions that only a small number of users have been sending the Bitcoin (BTC) to the largest crypto exchanges in the market.

The crypto market has gone through thick and thin in the past few years, and the volatility of the market hasn’t been able to affect much on the cryptocurrency users and investors during this time. However, with the emergence of new exchanges, the competition has increased, and big exchanges have more competitors in the market. So, users have more alternatives to opt for trading, which provide them with better services.

According to a report by TokenAnalyst, a crypto data tracker affirms that lesser crypto users have traded Bitcoin on the major exchanges. The study found that since the price of Bitcoin skyrocketed back in 2017, the number of unique addresses has declined that used to send BTC across various crypto exchanges — specifically the big exchanges including Bitfinex and Binance.

The metadata describes that the trading (sending) volume of Bitcoin on Bitfinex has been at a two-year low, while on Binance, the world’s largest exchange by volume, the trading volume has dropped to lowest after early 2018.

One reason for the lack of sending Bitcoin can be due to the emergence of new crypto assets (or maybe some other reasons). The co-founder of TokenAnalyst, Sid Shekhar, stated that the lack of retail interest in general in crypto is one reason that users are not using Bitcoin much now.

Some data collected from other studies also show that Bitcoin exchange trade volume has fallen down and has come at its lowest point since May. As per the stats shared by blockchain.com, the trading volume on different exchanges has been dropping since early 2018. Another tracker, Similarweb stated that Bitcoin is trading at the lowest volume in the last four months.

However, certain aspects are tricky to understand about cryptocurrency. Due to the feature of anonymity that cryptocurrency possesses, it is challenging to locate the data of these assets. According to Chainalysis, the on-chain transaction activity of Bitcoin has almost increased 4X more this year, after BTC touched the highest price mark since 2017, as the bull run ended in June.

Previously the stats also show that Bitcoin has never been the most used crypto for real-time usage, even Dogecoin (DOGE) has been ahead of BTC. According to another survey by Foundation of Interwallet Operability mentioned that among all the crypto holders of Bitcoin only 11% of them made a trade or payment, each transaction being followed once or twice a week in the entire year.

Exchanges need to improve their services to gain user loyalty. Bitfinex and Binance, both of these exchanges, have laid out a broader availability of margin trading, through which users will be able to borrow funds to speculate. It’s evident that the more services an exchange provides, the more users will be satisfied and use its services frequently.

Indeed, more than Bitcoin, the exchanges have more interest in trading because that’s where they earn and make retained earnings. Exchanges need to shape up a better network that is more user-friendly and lie precisely on the perceived value of their user or trader.

As more exchanges have entered the market, so the competition has grown, and users have more alternatives. The big exchanges need to come up with a user incentive policy that helps them to sustain and increase these trading volumes.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Latest around cryptocurrency: The assorted news from the crypto-verse

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All kinds of things are happening in the crypto sphere all the time. In this article, we will share with you all the latest news about it that matter.

The 1933 gold ban

Back 1933 the U. S. Federal Reserve banned gold. Every citizen who owned coins or bullion had to sell it to the government. Failure to comply meant ten years in jail.

Well, gold is still around. It’s risen by 4000% in value since then.

And this is relevant to crypto because we could see this happening again, only this time in India. The Indian government is trying to get rid of digital assets and, again, if you fail to comply, you’ll do ten years worth of time.

So maybe, a few decades from now we’ll see all kinds of cryptocurrencies back in circulation in India, with a much higher value.

Dogecoin at Binance

Dogecoin was supposed to be a joke of a cryptocurrency. It’s still is. Not because it’s useless or because it doesn’t have an active community behind it but because it’s supposed to be all about the fun of being part of the cryptosphere.

Binance is laughing at the joke now because it just announced that it would list Dogecoin among its assets.

As it usually happens after Binance announces a new listing, Dogecoin’s price is surging.

XRP and use cases

Yet again another cryptocurrency expert went forward and talked about the importance of use cases for cryptocurrencies.

This time it was Michael Devlin who used his Twitter account to explain that digital assets with utility will outperform those who don’t have any.

We couldn’t agree more. The best example is probably Ripple’s XRP. It was, and remains, a coin born with a purpose. It wants to settle once and for all the problem in international payments by eliminating all friction and cutting down costs dramatically.

Other cryptocurrencies with a purpose are Monero having privacy and anonymity, Litecoin is general-purpose coin without all the hassle in Bitcoin, Ethereum, Tron, and EOS have had an objective of creating platforms for digital apps and smart contracts. Those are just a few. But too many digital coins are just generic and bring nothing to the table. Chances are they will disappear in time, while the useful tokens will be still standing.

UK’s Brewdog brewery

Brewdog is a British brewery. They are now selling the stock for Bitcoin, no less.

This is a company with 110.000,00 shareholders right now, and it’s a successful one, so chances are they know what they’re doing.

You can buy 375 shares for 1 Bitcoin at the current prices.

Six of the world’s most influential banks are trying to launch their own cryptocurrency

The banks in question are MUFG, J.P. Morgan, Goldman Sachs, UBS, Mizuho, Signet and a few more are in the list.

Wall Street bankers, as well as the rest of the world’s most influential financial institutions, are realizing there’s value in cryptocurrencies and they’re trying to create their own in other to enter the market and make a buck.

It’s excellent news for the crypto-verse in general. It means that institutional money is about to arrive in loads, and that could be the driving force behind the next crypto summer.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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The Best Bitcoin Casinos for 2019

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The whole point in cryptocurrencies (especially Bitcoin) is, quite simply, to do away with physical money once and for all. Is that overly ambitious? Maybe, but that was the stated objective announced by the mythical (and still unknown) Satoshi Nakamoto as he brought the world’s first blockchain network and digital asset online.

So if Bitcoin is going to substitute money, one of the things you must be able to do with it is to gamble. And it’s happening. Indeed, the blockchain industry would probably not be where it is today without online gambling sites powered by Bitcoin. Even in new blockchain networks such as EOS or Tron, the decentralized applications activity is dominated by gaming sites.

If you should think that this is too much of a specialized use case, well, maybe it is. But it’s one of the uses fiat currencies have all over the world and, over the last few years, many Bitcoin casinos have been incredibly successful.

There’s no shortage of Bitcoin-based gaming and gambling platforms. In fact, the number of available websites for this is enormous. In this article, we’ll offer you a bit of context for gambling with Bitcoin, and we’ll tell you about four Bitcoin casinos that w consider to be the best ones so you can choose the one that suits you better.

Also, in the last section, you’ll find a list of Bitcoin dice games which you should try out if you’re interested in gambling at a game in which the odds are closest to being mathematically fair.

Before we start, just a friendly reminder: before you proceed you need to make sure that gambling online is legal in your home country.

What is Bitcoin Casino?

Well, BitCoin casinos are basically just a website, just like any other traditional gambling platform. The main difference with BitCoin casinos is that they allow you to fund your gambling with cryptocurrencies (yes Bitcoin, but some others too in many cases).

As a matter of fact, some of these sites don’t take fiat currencies at all. This is not a dogmatic thing. There are real advantages in avoiding transactions in physical money: cashouts are faster, deposits are faster too, and the whole experience is more seamless in terms of usability.

Additionally, the irreversible nature of payments in cryptocurrencies obviates the “Know Your Customer” (KYC) process which is now the rule in traditional gambling sites and that can be very cumbersome, even a little intrusive.

But you could still need to provide some kind of identity verification, especially if you’re lucky enough to earn some big wins. That being said, 99 out of every 100 users have no problems at all in this regard.

Are Bitcoin Casinos Legal in the US?

Well, it’s not forbidden. The current regulations in the US say nothing specific about cryptocurrency gambling, and most certainly, it’s never been declared illegal at all. Online gaming, however, is restricted and regulated in most states in the union.

Laws haven’t caught up with the times to include the blockchain aspects of gambling explicitly in any way. In the whole of the country, only three states allow for any kind of gambling activity at all. Those states are Delaware, Nevada (home of Reno and Las Vegas) and New Jersy (home of Atlantic City), so no surprises there.

Some of the world’s casinos just play it safe and block most of all of the US IP addresses, but that has everything to do with gambling and nothing to do with digital assets per se. In short: there’s no reason to believe that gaming using cryptocurrencies is illegal in the US so far.

The BitCoin Casinos: are they provably fair?

Let’s start by clarifying what “provably fair game” means. It’s a game in which a third party verifies that the game was fair and that the casino isn’t messing around with users by manipulating the process or the results.

All the casinos in our list have a provably fair game section. If this is a subject that makes you a bit paranoid and you feel that BitCoin casinos are cheating you out of your winnings, then you should choose one of the casinos in which fairness verification is most straightforward.

Why choose a Bitcoin Casino?

There are three excellent reasons to gamble using Bitcoin Casinos. Anonymity, probability, and speed. Traditional online casinos have “Know Your Customer” programs (KYC) in which they require their customers to disclose some critical vital stats and personal information. This is cumbersome, and it verges on the intrusive at times.

You end up giving them all of your payment details and every bit of personal information that can pinpoint you anywhere in the world. Not so with Bitcoin Casinos. These platforms don’t ask you to disclose any personal information at all (few exceptions could apply if you score some big wins)

Then there’s the provably fair game factor. Most Bitcoin casinos offer provably fair games. This is a trend within crypto gambling that seeks to ensure fairness and transparency. You’ll hardly ever find that in conventional betting websites.

And, the other advantage is the speed. Some crypto-based casinos also accept fiat currencies, but if you deal in digital assets only, cashouts are very fast, seamless, painless. You get your money out in minutes instead of days, and you don’t have to keep checking your bank account to be sure you got paid.

So what is the house edge for this kind of casino?

For the casinos in this list, the house edge can be anywhere from 0.5% to 2%. It’s not so much about the casino but about the particular game you’re playing. It’s a remarkably low margin if you take into account that, say, slot machines in Las Vegas take 10%, and traditional poker can take up to 5% depending on the precise kind of card game you want to play.

So the house edge for Bitcoin Casinos is actually quite low when you compare it with conventional casinos. This has everything to do with the fact that they are based on cryptocurrencies. That way the costs to transact payments are much cheaper than in traditional fiat currencies. So that lower overhead in payment handling allows the house to keep its edge much lower.

Dice Games and Cryptocurrency

Cryptocurrency dice games are just a subset of the games offered in online BitCoin casinos. Dice games are trendy because being based on dice (obviously), the odds involved are quite easy to understand. An ordinary dice game can be as simple as this: you pick a number, roll the dice, and if your number comes out, you win. You lose if the result is any other number.

Even in traditional casinos, dice games is where the house takes the smallest edge. In some individual cases, the odds are mathematically fair (which means that there’s no house edge at all). The variety of dice-based games is immense so you can find the one that suits your taste for risk. And some of them allow for a high number of micro bets if you like that kind of thing and try out some kind of a strategy.

Most importantly: most of the games in BitCoin casinos are provably fair (the chances are that all games in crypto casinos are indeed fair), which means that the operation’s validity is valid and you can be100% that the house is not cheating on you.

This article’s final section provides you with a list of interesting crypto-based dice games.

And now, for the list:

The Four Best BitCoin Casinos

Fourth: mBit

In an environment in which almost everything is new, mBit has antiquity going for it (in so far as that is possible for a technology that’s barely a decade old). It’s one of the oldest Bitcoin casinos in the world.

The company is based out of Curacao, in the Caribbean sea, so it follows the gambling restrictions, requirements, and regulations of the island, which, by the way, are quite generous as is apparent from the vast number of casinos based there. It also means that it’s a legal entity. The company’s main selling point is its increasing range of games, live dealer support, and a handsome deposit bonus.

The downside (if you can call it that) is that it accepts Bitcoin only and it has no plans whatsoever to broaden its business by including any other digital asset. That could change in the future, of course, but for the time being it’s Bitcoin or nothing.

Third: FortuneJack

This is another Bitcoin gambling platform that has earned respect and a good reputation in the community. It’s unsurprisingly based in Curacao as well. FortuneJack tries to attract as big an audience as possible by supporting hundreds of different games, so there’s something for everyone. As an additional advantage, it also accepts Litecoin and Dogecoin, which gives it a bit of a competitive edge compared to its competitors.

Second: BitStarz

This is the big one. In terms of popularity, this is the biggest BitCoin casino in the world by far. If you haven’t guessed where it’s based, well, let us tell you: it hails from Curacao (are we detecting something of a trend here?).

It features more than a thousand games in its platform, and it keeps adding new ones regularly. It stands out from the rest for several reasons. It supports several altcoins as well as several more traditional payment methods.

While this is a bit eclectic for a so-called BitCoin casino, but it adds to the platform’s appeal and good reputation, as it has access to the traditional gambling markets as well as the crypto-gamblers.

Another exciting feature in BitStarz is their customer support. Its service doesn’t rely on web-based chats and contact forms (which is the painful rule in so many websites of all kinds).

The company takes advantage of social media and even Reddit to give customers the best possible service. Don’t get us wrong. There is good customer support in all of the casinos in the list. But BitStarz takes a more creative and proactive approach when serving clients. It walks the extra mile to make sure your gaming experience is painless and smooth.

First: BitcoinCasino.us

It’s been around for years, and it’s built a solid reputation in the industry. It supports DOGE, LTC, BCH, ETH and, obviously, BTC. It features many bonuses and cashback options, and it offers frequent promos in which users can get some free spins. While the selection of games is not as big as in the other casinos in this list, it’s more on the classic side of gambling. Slot games, Poker, Roulette, Table Games, Jackpot games and High Roller are on the menu.

And now, as promised, let’s check out the list for the best Bitcoin dice games in 2019.

Best Crypto Dice Games for 2019

DuckDice

It’s fun and interactive, so if that’s your cup of tea, this is it. DuckDice.io is THE cryptocurrency dice game for this year. It has 500 gamblers at any time of the day, and it’s processed more than 2 billion bets so far. The user interface is very friendly and intuitive, and it has lots of options. If you’re not persuaded yet, the house edge is of 1%.

SafeDice

This is another excellent crypto dice game. It’s very much like DuckDice except that the house edge is even lower at 0.5%. And just like with DuckDice (didn’t we say that?) you don’t even need to open an account to play.

As a matter of fact, you couldn’t give the site your email address even if you wanted to because there is just no way of doing it. It’s a popular site that’s handled more than 200 million bets and flow of 100,000 BTC. The numbers are not as impressive as DuckDice’s, but they’re still outstanding.

BitDice

BitDice is an excellent crypto dice game as well. It’s different from the previous two platforms in that it offers several other games not based on dice. And they’re quite particular to the site: Money Farm, Blast Boom Bang, Satoshi’s Secret, and Bit Aces, to name a few.

There are also more classic casino games like Black Jack and a Texas Holdem of sorts. It’s not as popular as the other two, but it’s different, and you should check it out if you’re looking for a bit of variety.

Crypto-Games

It’s a popular platform that concentrates on games that are fast, simple and very popular. Their dice game is quite popular as well, as it processes dozens of bets every second.

The chances are that every bet in this site is 100% fair and you can automate your bets if you’re looking to place many micro bets instead of a single big one. The dice game in this site has more than 2 billion stakes for bitcoin alone! Daily, the number of bets is of about 2.5 million. Also, there’s a chatroom for you to pick a conversation with fellow traders and players.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.