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Emerald Crypto | Feb 20

Bitcoin is the world’s leading cryptocurrency, Ethereum is the most widely used blockchain technology, and Binance is the world’s largest crypto exchange. An exchange is a marke...t that allows users to trade cryptocurrencies or to buy and sell digital assets with traditional fiat currencies.

Binance Coin (BNB), the house coin of the Binance platform (like Ether is to Ethereum), has made a huge splash this week by surpassing Tether as the world’s third largest cryptocurrerncy by market capitalization. As of this writing BNB has a market cap of over $43.7B.

The price of Binance Coin was $37.98 on January 1st and according to Coinbase the current price is $281.39 – a 640.89% increase for those keeping score at home.

Binance used the Ethereum blockchain until 2019 when it switched to its own technology called the Binance Smart Chain. According to Ivan on Tech,

“Binance Smart Chain is a blockchain built with the flexibility for smart contracts, decentralized applications, and cryptocurrencies.”

The technology makes it “super easy for developers to move their projects onto the blockchain.”

Binance is known for its large centralized exchange but the venture has more to offer than a blockchain, a coin and a marketplace. They also have a funding scheme, an Academy, a Trust Wallet, a charity and a decentralized exchange.

Which leads to what very well may be the cause of Binance Coin’s current surge.

The DeFi movement in a nutshell is a move towards decentralization. When something is centralized there is an entity and usually a person who can be identified as in charge or running things. 99Bitcoins summarizes the goal of decentralization nicely: to replace centralized financial services with autonomous organizations that allow everyone to participate.

This means the decentralization of everything – currency, financial services, infrastructure, and exchanges.

Uniswap (UNI) has been the leading decentralized exchange on the market for some time now. The protocol runs on Ethereum but recently has had trouble catering to increased demand caused by the DeFi fad. According to Bhushan Akolkar of CoinGape, the result of this rising demand has been an increasing transaction fee (gas fee), which has shot to over $20 per transaction on average.

On Thursday Binance’s decentralized exchange PancakeSwap (CAKE) overtook Uniswap in terms of daily trading volume. CAKE runs on the Binance Smart Chain.

This news is likely at least one of the causes of Binance Coin’s sharpt increase this week. Additonally, Binance has a buy back program where they buy up BNB every quarter and then 'burn it'. Thus the coin is essentially deflationary which bodes well for the future value of the asset.

Is Binance the new Ethereum? That’s probably a little premature but this is definitely a trend to keep one’s eye on.

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Emerald Crypto | February 23, 2021

Litecoin (LTC) is a digital asset that new cryptocurrency investors and traders might consider adding to their portfolios. LTC is similar to Bitcoin in that its prima...ry use is as a currency / payment processing network.

In fact Litecoin was one of the first Bitcoin forks. In the world of cryptos a hard fork occurs when a change in protocol results in the splitting off of a cryptocurrency into two separate entities.

As Coin Central's Alex Moskov put it, many look at Litecoin as the silver to Bitcoin's gold. LTC has a larger circulating supply and a lower price when compared to BTC:

Supply: BTC – 18.6M LTC – 66.5M
Price: BTC - $49,000 LTC - $179

Litecoin is both open source and peer-to-peer. When something is open source that means the developers make the software source code available to be viewed, modified, distributed and/or upgraded by anyone. Peer-to-peer (P2P) is a characteristic component of decentralization where transactions are managed through a distributed network of computers rather than through a centralized authority.

LTC is as much as four times faster than BTC and the network is capable of handling higher transaction volume due to more frequent block generation. The cost of transactions is also very low – according to their website near-zero cost payments to anyone in the world. The low transaction costs and the fact that it is available on all of the major exchanges make LTC a good choice for initiating deposits and trades.

Litecoin is currently the 8th largest cryptocurrency globally in terms of market cap ($11.9B) and is currently trading up over 38 percent since the beginning of 2021.

Two upcoming events could also bode well for Litecoin's market outlook. First, an upcoming code release in March will announce enhanced privacy features for LTC. Second, Spark (FLR) recently announced an airdrop for Litecoin holders.

As always readers are encouraged to do their own research and to come to their own conclusions but we think there is a good place for Litecoin is most cryptocurrency portfolios.

Sources

https://litecoin.org/

https://coincentral.com/what-is-litecoin/

https://www.cryptoglobe.com/latest/2021/02/crypto-analyst-says-litecoin-breaking-out-explains-why-it-could-run-to-1000-in-2021/

Originally published here

https://emeraldcrypto.news/f/learning-about-litecoinShow more >

With the buying power institutions have, they can pump the price of Bitcoin very quickly. But what if they decided to sell and lock in some profit? Even if that happens, the CCO of Bitpay believes there is a $2...0k floor on the BTC price.
https://cointelegraph.com/news/bitpay-s-cco-says-bitcoin-could-hit-45k-in-a-month-but-there-s-a-catchShow more >

Jeffrey R. Currie, Goldman Sachs’ global head of commodities research, quoted "I think the Bitcoin market is beginning to become more mature. Volatility and those risks that are associated with it are common fo...r nascent assets."
Read the full article 👇

https://cointelegraph.com/news/goldman-sachs-says-bitcoin-is-on-the-path-to-maturityShow more >

Could Brave search become the new Google search? The privacy-focused browser is closer to making this a reality.

https://cointelegraph.com/news/brave-acquires-search-engine-in-bid-to-offer-alternative-...to-google-search?fbclid=IwAR3La39e4bcgTDFG0XytGYqm7yIxxtpqn_x4FAgbtNaReNvK3bcHa-ARp4wShow more >

Huge amount of dollars has been invested in Bitcoin by the Twitter owner.

SCOOP: Mastercard plans to give merchants the ability to accept crypto payments: source.

https://www.coindesk.com/how-bitcoiners-should-watch-the-us-federal-reserve-meeting-on-wednesday

What to watch for at tomorrow's Fed meeting.

SCOOP: Mastercard plans to give merchants the ability to accept crypto payments: source.

Buying MicroStrategy shares to play bitcoin can be a very, VERY expensive way to own crypto. CoinDesk's global capital markets managing editor Lawrence Lewitinn explains the MicroStrategy premium: https://trib....al/ki8mhLeShow more >

We are heading for the launch!
Besides Ethereum, Ethereum Classic will also be added. Stay tuned and hang tight! You are not ready for this.

Do you dare to play #nerve?
Download our dapp now. ...Available for iOS and Android - Nerve GlobalShow more >

Your computer must have at least 4GB of main memory (RAM) and the operating system must be 64-bit. If your computer does not meet these requirements, considering getting a VPS (virtual private server) for minin...g.

Download STHCOIN wallet

Download from https://github.com/sthc/sthcoin/releases/download/v0.17.1.1/sthcoin-0.17.1.1-win64-setup.exe 6.

Double-click the downloaded wallet and install it.

Details you can find here

https://oracle.soothing.center/t/sthcoin-mining-for-dummies/459

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This could be a momentous week of change and chaos for the United States as the election polls close on 3rd November. What might happen to Bitcoin? It has started this week at $13,500: will it hold its strong p...osition, or will we see some volatility?
Cointelegraph has identified five things that might influence the crypto markets, including the latest lock-downs in Europe.

Presidential elections are the kind of event that has a huge impact on all markets. The market makers will be considering what the new president’s policies will be at a time of global instability due to the pandemic. It is believed that whatever the result, there will be a rush towards safe haven assets, such as gold and Bitcoin.

In Europe, the outlook for the markets is bleak due to the various lock-downs. Cointelegraph says, “Amid fresh warnings of contractions in economic activity due to the measures, markets began shrugging off even bullish signs in favor of reducing potential election fallout.”
Furthermore, the European Central Bank (ECB) is printing more money. One trader called MMCrypto, told people on Twitter to reduce their investment in fiat currencies: “The crazy news is that the businesses which have to close will get up to 75% of their revenue in freshly printed money.”

Other things to keep an eye on include “yet another so-called “gap” to open up in futures markets.” Zack Voell said, “CME Bitcoin futures opening with a gap up for the fourth consecutive week. That’s pretty bullish.”

Also, analysts remain bullish over Bitcoin’s monthly close, with institutions seeing the monthly close figure as an essential tool for reinforcing bullish sentiment. Let’s not forget that Bitcoin began October trading at around $10,750.

Lastly, there is a shake up happening in mining. Cointelegraph says, “Difficulty, a measure of the competition and economic health of miners and an essential part of Bitcoin’s self-maintaining ecosystem, is set to drop by the most since March on Tuesday.”

...

https://lendoplatformltd.medium.com/watching-bitcoin-in-the-week-of-the-us-elections-cc1559a96e41Show more >