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US Congress members invest in Ethereum, Litecoin, and Bitcoin
We all know cryptocurrencies are not well looked upon the United States of America. In fact, every day results more notable how cryptos are labeled as not-safe assets, and in the same line, how institutions such as the Securities and Exchange Commission (SEC) ban cryptos or refuse to support strategies such as the
. However, this is actually a contrasting idea, considering the fact that despite all of the restrictions the United States of America continues its path towards becoming a country that fully embraces cryptocurrencies. So why is this actually happening?
Well, it is more than evident that it is the government, and institutions like the SEC the ones that are actually against virtual coins, but once we take a look at the community in the country, the approach is the opposite. But what if a part of the government is willing to support cryptocurrencies as well?
Could we be speaking of an opportunity to approach the sector? It all seems to point that these are only assumptions. However, nothing says more “good news” than the endorsement of the government in this matter, even if it comes mixed with ‘margination ideas’ related to the cryptosphere. Let’s find out how it goes.
ETH and LTC amongst crypto investments made by Congress members
The most recent move of the government of the USA was to compel the members of the Congress
In this sense, the measure has revealed some of the tokens that a few of the members of the Congress had previously decided to invest in. For instance, Tulsi Gabbard, which is in a representation of the second district of Hawaii, has revealed that she invested nothing but 15,000 US dollars in 2 of the top cryptos in the market, Ethereum (ETH), and
The same way, Bob Goodlatte, another member of the Congress who happens to be the Chair of the House Judiciary Committee, admitted as well to have invested money in cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), although by his part the amount spent was not mentioned in the statement.
The three above-mentioned cryptos are all in the hall of fame of the cryptosphere, especially
, which ever since the market started to grow had made it appear as the leader of all of the lists.
Nonetheless, in the case of Ethereum and Litecoin, despite not being the predilect token, both are particularly wanted because of two different reasons. In the case of Ethereum, technology, practicality Cryptocurrency Mining Pdf , practicality, and adoption.
The CEO and founder of Litecoin (LTC), Charlie Lee, has actually declared in several occasions that the primary goal for the company is to achieve a massive adoption, and proof of that are the thousands of partnerships and strategies that the businessman has managed to deploy. For its part, one could say that
is the most adopted technology in the cryptosphere, being the preferred platform when launching an ICO, or simply whenever a company wants to have an approach to the crypto world.
The United States of America still need to come clean with a decision regarding crypto. For the one part, we have those who publicly endorse the sector, such as the case of the
who was recently trying to use crypto in his campaign, but he was actually asked to stop from doing so.
On the other hand, we have the categorical rejection from members of the Congress such as Bill Huizenga, who recently gave a message that
“Everyone’s trying to figure out whether it’s fish or fowl. It turns out it might be a platypus. It’s kind of an unknown, or something sort of in between. How do we deal with that?”
Whether or not cryptos such as Litecoin, Ethereum and Bitcoin will be fully accepted in the country remains a question, but the bottom line is the USA continues to grow its crypto community, and this is a one-way ticket situation. So stay tuned.
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 thorough research before investing in any cryptocurrency and read our full
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At the moment of writing this, the crypto markets can be considered as becoming more and more immune to SEC announcements about
. Perhaps the crypto-traders and enthusiasts have realized that life was easier when they concentrated on the technological developments of their favorite projects and forgot about financial institutions determining their value. This is the case with the XRP community who have chosen to focus more on the possibilities of Ripple payment solutions of xVia, xCurrent,
The idea of the ‘Convergence solution’ of merging all three Ripple software products came about when the Director of Talent Acquisition at Ripple, Jim Chauncey-Kelly, The idea of the ‘Convergence solution’ of merging all three Ripple software products came about when the Director of Talent Acquisition at Ripple Cryptocurrency Mining Pdf , but other publications
Earlier in the year, a big part of what my team was focused on was hiring a lot of engineering. This was probably our biggest push because we are building a software called Convergence that syncs together all of our 3 major products into one seamless format.
For example, if American Express (one of our clients) wants to send $500 to a bank in Thailand, there is an immediate quote of what that exchange is and the money goes through. This is something that brings together all of our products to further enhance RippleNet which is very exciting.
Jim Chauncey-Kelly would then tweet that Ripple only had three products of xCurrent, xVia, and xRapid. The tweet has since been deleted, but it stated the following:
Hi All – for clarity — we have 3 products – xCurrent (in production) and 2 more on the way – xVia & xRapid. They will be on a ‘convergence’ release soon. There isn’t a software actually called ‘convergence’.
Given how large corporations like to keep mum with respect to mergers, acquisitions, new technological advancements and even products, Jim Chauncey-Kelly could have simply not been able to keep the excitement to himself about a one-stop solution that integrates the best of xCurrent, xVia and
Given the fact that xVia is an API base gateway that helps payment providers and banks who want to send payments across various networks using a standard interface; xRapid and xCurrent can be categorized as the ‘various networks’ that can be interconnected using xVia.
is known to use XRP to source instant liquidity to settle payments in record time. Whereas xCurrent is a software solution that enables banks to settle cross-border payments with end-to-end tracking instantly.
xVia can connect two such banks with one using xRapid and the other xCurrent. It is as simple as plug and play. Therefore, the Convergence solution could become a reality with time for there exists a ready gateway in the form of xVia.
As earlier mentioned, the crypto markets have developed some sort of immunity from the constant bad news from the SEC. Looking at
, it is currently valued at $0.329 and up 1.68% at the moment of writing this. If the current momentum is maintained, it could be a matter of weeks until we see the much awaited $1 value once again in the markets. Cryptocurrency Mining Pdf
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
We’ve reasons to believe Tron (TRX) is way better than EOS, here they’re
With the many existing cryptos in the market (more than 1,600), it is quite often that we find ourselves comparing certain coins only to realize that they’re pretty much the same thing. Now, that’s actually something not to be alarmed for. Why? Because, considering the fact that many of the cryptos out there have been conceived as a crypto that will attack somehow the niche of other but in a better way, or in other words, these days many cryptos are created by deploying forks, an incredibly popular activity in the cryptosphere.
In this sense, two of the coins that have been compared a lot are
, and this is mainly because, as it seems, both cryptos try to attack the same issue, the decentralization of the internet; and to do this, they use as well strategies and tools that look very similar one to another.
However, are these coins really related at the end of the day? Let’s see the main facts that can help us differentiate both cryptocurrencies and figure out which might be the better option among two for investment.
In terms of friendliness, Tron’s platform is way better than the one of EOS (Tron’s Main Net didn’t disappoint
either). In fact, creating an account, picking a username, and starting trading are one of the easiest things for a Tron user to do, it would only take minutes, and to say the least, the reality of EOS in this is completely different. The main issue in the EOS platform is the technicality, the platform uses a lot of technical names and processes that for sure are unknown for a regular enthusiast of the crypto world. So a way to go, Tron, you scored.
We all love to obtain a profit from our investments in crypto, and this is something
is very aware of. Through the Super Representatives voting users have the chance to vote and obtain a profit, and the conditions are quite simple, the more you vote, the more you get, the more TRX you have, the more you obtain… Simple.
One of the things that have collaborated the most with the stability of the TRX token is that Tron has managed to build a community that fully believes in and supports the crypto. In this sense, the CEO of the company,
, has played a major role in this while constantly interacting with the community through its Twitter account, a place where he normally shares all of the updates, partnerships, and developments that the company manages to accomplish. In hard times such as the ones experienced these days with the market going up and down, Tron’s community has played a crucial role, and that’s not precisely the
Despite the similarities, it is clear that out of the two
is the one that has the biggest advantages. In fact, the crypto presents itself as the one with probably the largest community, the greatest strategies, and the more polished platform. So a way to go, Tron, and EOS, you have to do a number of things in a better way.
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 thorough research before investing in any cryptocurrency and read our full
The year is 2038, and many of us have aged a bit. Some of us dudes have accepted our fate as having lesser hair on our scalp. Perhaps
would be a reality by then, and HODLers would be the lucky few who own them. That is because the cryptocurrencies of Bitcoin (BTC), Ethereum (ETH), XRP, Tron (TRX), etc., have blossomed to their full potential and become mainstream investment instruments.
What we are going through now – in 2018 – are growing pains that are sure to separate the so-called ‘weak-hands’ from the long-term HODLers who have seen the future like Doctor Strange in the Marvel Universe.
So let us travel forward 20 years in time and see what our favorite digital assets would be valued at as well as any technical advancements by then.
In 20 years, BTC would have probably experienced a few parabolic moves and peaked at all the predicted levels of $25,000,
, $250,000, $1 Million, etc. These price movements would have even saved John McAfee from
. By then, BTC would be the digital gold and all fiat would have become extinct and displaying in museums next to fuel guzzling Lambos.
More forks of Bitcoin would have emerged by then with each claiming to be the refined version of the original. But the original Bitcoin by Satoshi would be highly sought after by HODLers who believe its value will perhaps reach higher levels above the $1 Million predictions.
The probability of the Ethereum community agreeing to solve scalability issues in 20 years is very high. By then, the network will be processing transactions at speeds that are probably 100 times current levels. The ERC20 token protocol would probably be obsolete and replaced by some other protocol that has fewer vulnerabilities in the smart contracts.
The price of ETH would have crossed the levels predicted at $1,000, $2,000, $10,000 and more. ETH would once again be the best alternative coin to HODL and
The remittance industry in 20 years will probably be at the fingertips of the Ripple company. The firm would have by then, apparently merged or acquired
and any other threat to their ‘global domination.’
would have surpassed the eagerly awaited $10 and done more in gains to levels that have not even been predicted. The monopoly of Ripple software solutions would once again become a cause for concern but not to XRP HODLers who would be reaping the rewards of waiting.
Justin Sun and the Tron foundation would have managed to decentralize the web in 20 years. The digital asset of TRX would have managed to become the gold standard of rewarding musicians, actors and more. By then, the adult film industry would have catapulted TRX to levels that no one imagined due to
will probably have decided to no longer live in the shadows of Big Brother, BTC. Litecoin would have managed to become the preferred digital asset for sending funds through SMS and Telegram messaging through Lite.im.
Also with TokenPay, the Litecoin Foundation would become the Goldman Sachs of crypto banking through the simple fact that they were one of the first to issue crypto debit cards after acquiring a stake at WEB Bank.
In conclusion, and the basis of this futuristic post is to remind crypto-traders and enthusiasts that we are on the cusp of greatness with cryptocurrencies and blockchain technology.
With every new technology that is introduced into the mainstream, there is a reluctance to adopt it immediately for this would be disrupting the ‘Business as Usual’ of doing things. Humans are creatures of habit, and any disruption of that habit is usually met with fear or hostility as we see now.
But 20 years down the line, crypto traders will be flying around in their cars and being glad they kept HODLing.
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
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