Cryptocurrency has been at the forefront of the progression of currencies in the world. And Bitcoin is the first and leading crypto in the market. Most investors and traders prefer Bitcoin as their first choice to invest in. This can be credited to its popularity, higher value and the sentiments of crypto leaders.
Bitcoin is not managed by a central bank or administrator i.e. it is decentralized. This adds to its appeal among those who do not trust the central banks or governments with their money.
It has been under the radar of many governments and regulators but they are realizing its potential. Characteristics such as borderless, anonymity and security etc are attracting people towards it.
Let us look at some of the latest updates and trends in Bitcoin.
An earn while you learn platform BeNative has recently announced that it will give Bitcoins as incentives to its English learners. Under its program “Learn English, Earn Bitcoin”, the firm will reward Bitcoins to those who learn English from its platform and participate in organized events. It was previously giving out XP or Experience Points to its users. And now will also reward it newly launched BeNative Voucher or BNV.
The adoption of the combination of XP, Bitcoin, and BNV will result in an overall positive impact on Be Native. One can currently avail of its premium subscription at a discounted price till 31st December 2019.
Bitcoin is Not the World’s Most Used Cryptocurrency
Bitcoin is the most famous cryptocurrency and holds 70% of the world’s market value of digital assets. But if you think that it is the most used one then it is not. The world’s most used cryptocurrency is Tether.
The market capitalization of Tether is 30 times smaller than Bitcoin but Tether also has the highest daily and monthly trade volume. Tether is beating Bitcoin’s monthly trading volume with approx. 18%. Hence, it would be enough to say that it is the most important coin in the crypto world.
Traki Introduces Venezuela’s first Bitcoin ATM
Venezuela’s largest retail chain, Traki has announced to open the first Bitcoin ATM. Venezuela is making all efforts to become a leading crypto state.
Traki is first in the country in terms of adopting crypto as a means of payment. Now, it announced that Bitcoin ATM has successfully been installed and gone live in one of its stores by CriptoTraki. CriptoTraki is a division of the retail chain that is in charge of all crypto things for the business.
The crypto ATM will be managed by VEINTE ( Venezolana de Intercambios ), the Venezuelan exchange platform. Currently, the machine is unidirectional. Here, unidirectional means that from the machine, customers can only buy Bitcoin and other cryptocurrencies at present but cannot trade them for cash. The ATM supports the cryptos Bitcoin and Dash and accepts US Dollars as fiat currency.
Drop-in Bitcoin and Altcoin Prices But XRP Stays Stable
The cryptocurrency market is seeing a downward fall with Bitcoin and Altcoin prices dropping. But even with the fall, Ripple’s XRP token shows stability.
This turns out to be good news for those who want to invest in Bitcoin or any other cryptocurrencies. Bitcoin is currently trading at $7,824.37 and Ether is trading at $169.83. Ripple’s token XRP is up by a small percent and is trading at $0.254.
As the prices have fallen down of Bitcoin, Ether and other altcoins, it is a good time for traders and investors. Bitcoin, Ether, and XRP can be traded on cryptocurrency platforms such as PCEX. PCEX offers more than 7 cryptocurrencies which can be used for trading and investing.
So, in this article, we learned about what is Bitcoin. We also saw the latest trends and happenings taking place with Bitcoin and the cryptocurrency world. The ups and downs and development in cryptocurrency and how cryptocurrency is helping in the development can be noted as well.