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Move Over BitCoin… There’s a New Chief in Town!

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Move Over BitCoin... There’s a New Chief in Town!

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ExMarkets and CoinMargin exchanges launch NativeCoin (N8V) Cryptocurrency Initial Exchange Offering!

John Simmons, former chairman of the Nisqually Tribe (which operates the Red Wind Casino), wants to make it perfectly clear: “Move over Bitcoin, because there’s a new chief in town!”

That new chief in the world of cryptocurrency is NativeCoin (N8V ), a sovereign Native American digital store of value currency that is poised to follow in the footsteps of Bitcoin and beyond.

NativeCoin’s Initial Exchange Offering (IEO) on ExMarkets and CoinMargin will begin on January 8, 2020, and will be conducted in three 25-day rounds, ending in late March. During this IEO, investors can purchase N8V starting at $1 USD per coin. Once the IEO has ended, NativeCoin will be publicly traded on these exchanges.

As a sovereign cryptocurrency, NativeCoin can be used by both Tribal entities and outside investors seeking to capitalize on the growth and potential of NativeCoin. The design and use-case of NativeCoin revolves around its ability to give the outside investor an opportunity to invest into the $100 billion of revenue generated annually by Sovereign Native Casinos and Industries. 

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The U.S. dollar is devaluing by the day and (contrary to popular belief) is NOT backed by gold or any commodity! NativeCoin, however, is backed by the Native Indiginious Sovereign Tribes, and is a highly liquid asset that can be bought and sold for cash or other cryptocurrencies instantly.  

NativeCoin is designed for use in the $37 billion brick-and-mortar Native American casino industry through the placement of NativeCoin ATMs, and is capable of being used in the future for online gaming and casino games, sports betting, point of sales purchases, lodging, trade, E-commerce, and much more.

NativeCoin’s partnerships with B-Platform, Global Force IOT, and CashQ LLC have paved the way for the launch of NativeCoin ATMs. These ATMs allow people to directly buy and sell NativeCoin with cash at their favorite casino or Native American business. 

Unlike most cryptocurrencies, NativeCoin has a defined use-case and its value lies in its utility amongst Native Nations.  It acts as a store of value that Native Americans have never held before, previously relying on the value of currency printed by the U.S. government.  

NativeCoin serves as an economic driver for Indigenous Nations and businesses to connect outside of their sovereign Tribal lands, both nationally and internationally! This is something the Native Americans have needed for so long, but never had a platform like NativeCoin to launch from.

With these driving forces supporting the value of NativeCoin, investors have the opportunity to get in on the action by holding the very cryptocurrency that possesses the potential to entirely encompass the multi-billion dollar Native American casino industry. 

Additionally, the limited supply of N8V Coins on the blockchain means that it is not susceptible to inflation in the way that paper money and the United States Dollar are.

On top of all this, coin holders have the ability to stake NativeCoin via the Ferrum Network, allowing them to gain interest simply by holding their N8V in their own wallet.

Even more exciting is that NativeCoin is a decentralized finance (or DeFi) ERC20 token. This means that coin holders have direct control over the money in their wallet — not some bank, lending platform, money transfer service, or exchange.

This IEO is just the beginning for NativeCoin. The NativeCoin team is currently working on new partnerships and listing N8V on additional exchanges! To stay up to date with the latest N8V news, go to Native-coin.com.

Media Details
Jeff Johnson, CEO

NativeCoin

(833) 3Native

www.native-coin.com 


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DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Source: https://zycrypto.com/move-over-bitcoin-theres-a-new-chief-in-town/

Blockchain

India’s Crypto Ban Uncertain as Finance Minister Touts a Window for Experiments

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India’s Finance Minister told CNBC that the country’s reserve bank is not shutting out cryptocurrencies entirely. She said that while the Reserve Bank of India will decide which unofficial cryptocurrencies will be used and regulated, there will be “a window for experiments” in the industry.

New Lease Of Life For Bitcoin In India

India’s minister of finance, Nirmala Sitharaman, spoke briefly on the country’s standpoint on digital assets in a CNBC virtual townhall. She said that several negotiations are being held with the Reserve Bank of India regarding an impending ban.

A lower parliament in India raised a bill to ban all private cryptocurrencies in January. It said that the move was to facilitate the development of the country’s CBDC, which the RBI will issue and regulate. This did not go down well with cryptocurrency enthusiasts and industry stakeholders in the country. In response, they started an online campaign tagged #IndiaWantsBitcoin to get the RBI to reconsider its stance.

Sitharaman’s remarks suggest that the campaign was quite impactful. She said:

“A lot of negotiations and discussions are happening around the cryptocurrency with the Reserve Bank of India. RBI will be taking a call on what kind of unofficial cryptocurrency will have to be planned and how it has to be regulated. However we want to make sure that there is a window available for all kinds of experiments which will have to take place in the crypto world. There will be a very calibrated position taken. A lot of mixed messages are coming from across the world. World is moving fast with technology, we cannot pretend that we don’t want it.”

Sitting On The Fence

India is renowned for its controversial stance on bitcoin after several “back and forth” regulations. The government had initially banned cryptocurrencies in 2018 after warning investors. The halt was later overturned by the Supreme court. The apex court described the ban as “unconstitutional.”

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India’s lower parliament received backlash from the global crypto community for what seemed like a ridiculous exception to its proposed cryptocurrency ban. It said it will “allow for certain exceptions to promote the underlying technology of cryptocurrency and its uses.” Regulatory bodies in the country had severally pushed the motion to advance blockchain technology adoption while banning cryptocurrencies.

Its non-committal approach has raised question marks regarding the country’s future in the digital asset space.

Digital Rupee Still In The Picture

Although Sitharaman did not discuss the progress of the digital rupee, the second most populous nation may take a cue from its neighbors, China.

China has continued trials of its digital yuan and has distributed millions of dollars in the digital currency to its citizens.

India’s Reserve bank governor, Shaktikanta Das, said last month that although there is no set date for the launch, the digital rupee was “receiving full attention.”

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Source: https://cryptopotato.com/indias-crypto-ban-uncertain-as-finance-minister-touts-a-window-for-experiments/

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Blockchain

Cardano Price Analysis: 07 March

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The cryptocurrency market has been constantly forming crusts and troughs as it strives towards stability. Cardano’s market witnessed a similar trend wherein the price surged towards the end of February but has been correcting since.

At the time of writing, Cardano was trading at $1.13 with a market capitalization of $35.68 billion.

Cardano six-hour chart

Source: ADAUSD on TradingView

The above chart noted that the current market movement had formed a descending triangle and the price was sloping lower. The price has been supported at $1.06 as the trend becomes bearish.

This downwards trending price has been indicating a further drop making its way into the ADA market.

Reasoning

After witnessing increased volatility in the recent past, the ADA market is now seeing the volatility reduce. However, it has not yet shrunk to a level where a price swing was not possible. Since the descending triangle was a bearish trend, a price drop could make the market more volatile.

The signal line and the 50 moving average were also moving above the price candles and were acting as a point of resistance. Meanwhile, market momentum has turned negative due to the rising selling pressure in the market.

Despite the shift in momentum, the Relative Strength Index has remained close to the equilibrium zone. This could be a sign for the consolidation of the price at the current level but as bearishness increases, the consolidation phase may lead to the price breaking down.

Crucial levels

Entry-level: $1.07
Stop-level: $1.17
Take profit: $0.91
Risk to Reward: 1.53

Conclusion

The current ADA market has been seeing the price drop to its $1.06 support. As the price tests the support, the indicators have been highlighting an incoming fall. This fall could push the digital asset under the support and could bring the value under $1.


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Source: https://ambcrypto.com/cardano-price-analysis-07-march

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HODLing early leads to relationship troubles? Redditors share their stories

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Crypto investments have reportedly been a source of strife in relationships, sometimes leading to breakups and even divorce. 

According to a Reddit post from February 2015, a then 28-year-old woman using a throwaway account claimed that she was incredibly upset at her husband, who had not stopped purchasing Bitcoin (BTC) since 2013 without consulting her. She estimated that he had bought more than $22,000 in the crypto asset in the two years prior to the post, when the price reached a high of more than $1,000 but also dipped under $200.

“I kept telling him to sell as the price was rising and he promised me a big year in 2014,” she said. “The price kept falling and he continued to buy more. He makes more money than I do but we are building a future together and we have a shared bank account. He kept telling me this was for our kids’ college fund, to buy a house, etc.”

In the early days of Bitcoin and crypto when digital currencies were often used as a running joke for late night talk shows and comedians, many considered investing in the technology financially immature at the very least. Some people still do, even with the BTC price at more than $50,000 again.

The Redditor referred to her husband as “brainwashed,” saying he was “robbing [her] of happiness” and ruining her job by bringing up Bitcoin at her marketing events.

“After a recent price crash, he actually bought more using our vacation fund that I have been saving away for and planning. All gone, in Bitcoin never to be seen again.”

It’s unclear whether the couple stayed together following the response from the post, or if the husband sold some or all of the Bitcoin to ameliorate his wife’s financial concerns. The user compared her spouse to a drug addict and considered “staying in a hotel for a few weeks” to think about whether divorce was an option.

However, with the benefit of hindsight, the husband’s early investment could have easily paid off in the millions of dollars. Even assuming he purchased BTC after the price surge to $1,000 in November 2013, the 22 coins would now be worth more than $1 million.

Because the story was posted on the r/relationships subreddit rather than a pro-crypto group like r/Bitcoin or r/cryptocurrency, many of the Redditors encouraged the user to separate her finances and consider divorce proceedings. Few crypto enthusiasts jumped on the thread to comment, but one predicted that the BTC would one day be “worth fortunes” and recommended the husband continue to HODL.

Another story from a Redditor following the 2017 bull run — which brought in many newbies to the crypto space — claimed that his girlfriend was considering breaking up with him following “a huge investment in cryptocurrencies.” However, digital currencies seem to have played less of a role in his story, as the user said he crashed a car while driving drunk and was pressuring his significant other to leave her job.

Though many crypto traders know the price of Bitcoin and other digital currencies will likely continue to be volatile, the adoption and investment from major companies have helped push the technology closer to the mainstream, and made it seemingly more responsible for investors to get in on the action earlier rather than later. Already Shark Tank star Kevin O’Leary has claimed to have increased his stake in Bitcoin while asset management firm Third Point CEO Dan Loeb recently said he had been doing a “deep dive into crypto.”

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Source: https://cointelegraph.com/news/hodling-early-leads-to-relationship-troubles-redditors-share-their-stories

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