..

Ethereum Without a Transaction Fee Starting in February

Written by:
Guest
Published on:
Jan/25/2018

Great news for investors in the cryptocurrency Ethereum as stock trading app Robinhood has announced it will no longer be charging transaction fees starting in February.

It remains to be seen whether cryptocurrency exchange Coinbase will follow suit.  Coinbase currently charges 1.5 to 4 percent fees in the US.

“We’re planning to operate this business on a break-even basis and we don’t plan to profit from it for the foreseeable future” says Robinhood co-founder Vlad Tenev. “The value of Robinhood Crypto is in growing our customer base and better serving our existing customers.”

From TechCrunch.com:

By essentially using crypto trading as a loss leader instead of its primary business like Coinbase and other apps, Robinhood could substantially expand beyond the 3 million users it already has. Simplifying trading and tracking could bolster Bitcoin and Ethereum. And by combining it with traditional stock, ETF, and option trading in a single app, Robinhood could further legitimize the cryptocurrency craze. The two trading worlds could cross-pollinate, dragging even more people into the crypto scene.

Currently Ethereum is one of the more popular cryptocurrencies used by online gamblers and accepted at such Internet betting sites as BetDSI.com.

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality. Ether is a cryptocurrency whose blockchain is generated by the Ethereum platform.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Rest in Peace Bitcoin?  Not Quite

Rest in Peace Bitcoin? Not Quite

Bitcoin ain't dead yet, nowhere near. Bitcoin is currently sitting at a $115 Billion market cap with each Bitcoin currently being worth $6,728.33.  The last time we saw a price point similar to this level was in early February, just 4 months ago. During that same month Bitcoin bounced back to over $11,000.

Inside the Cryptocurrency Revolution

Inside the Cryptocurrency Revolution

Vice News on HBO is set to premier a segment on the "Cryptocurrency Revolution", more specifically detailing Genesis Mining. 

Bitcoin Blockchain Acceptance Updates

Use of cryptocurrencies can be done anonymously.  Companies like JazzSports are leading the way by promoting anonymous accounts that only require a valid email account.  Payments are through a virtual wallet using the blockchain.  This means it no longer matters where the actual customer physically resides.

Bitcoin Purported Founder Craig Wright Says His BTC Fortune May Remain Locked

Bitcoin Purported Founder Craig Wright Says His BTC Fortune May Remain Locked

The man who claims to have invented Bitcoin and was ordered by a judge to surrender approximately $3 billion of his Bitcoin holdings says he can't, at least not any time soon.

Make Money as a Bookie

If you are looking to make money as a bookie then you will need two things, players that want to bet with you and a website where your players can make wagers on.

Syndicate