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Grayscale Adds Ripple XRP, Litecoin, Ethereum, & BCH To Its Investment Trust

Exciting news for those tempted to invest in cryptocurrencies, as Grayscale Investments – founders of the much-lauded Bitcoin Investment Trust – has recently announced that it has launched an additional four trusts, which has effectively doubled the number of products it provides that are specifically aimed at the would be crypto investor. Grayscale already had trusts in place for Bitcoin, zCash, and Ethereum Classic, as well as an investment fund for multiple altcoins (the company’s Digital Large Cap Fund). To this foundation it has now added trusts for Bitcoin Cash, Ripple, Litecoin and Ethereum. Of course, Grayscale has already had...

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Litecoin Price Action Mirroring Bitcoin, Break Out Soon?

A graph has recently been making the rounds on Twitter, Reddit, and the like showing the rise and fall in price of Litecoin. There’s nothing new in that: if you follow the right groups you can see dozens of similar graphs covering all of the major (and not so major) cryptocurrencies. freestar.queue.push(function () { googletag.display('cryptodailyuk_300x600_160x600_300x250_320x50_320x100_Right_2'); }); What is interesting, however, is the similarities between the most recent Litecoin price graph and that of another altcoin – the biggest of them all, Bitcoin. YouTube analyst Tyler S recently compared the latest price graphs for both of the digital currencies and discovered...

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Will SegWit Save Bitcoin?

freestar.queue.push(function () { googletag.display('cryptodailyuk_300x600_160x600_300x250_320x50_320x100_Right_2'); }); Bitcoin transaction fees are at the lowest they have been in months, and this is all because of SegWit. This relatively new improvement to the Bitcoin network, aims to solve two major problems that are currently affecting Bitcoin at the moment, and these are the transaction fees and the scalability problems. SegWit is not intrusive or destructive and is what is known as a soft fork. It decreased the byte size of virtual currency transactions, helping to decrease fees by a huge amount. This is all achieved at the same time as it increases the...

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Tariffs To Create Ripple Across US Economy

President Donald Trump’s decision to introduce tariffs on steel and aluminium imports to the United States has caused a chain reaction across the US economy. Traders are worried that the tariffs could bring an end to the economic growth that the US and much of the rest of the world has enjoyed over the last few years and create a tit for tat trade war that could severely damage most major economies. The impacts could be many and varied. In this article, we’ll take a look at what they could be. freestar.queue.push(function () { googletag.display('cryptodailyuk_300x600_160x600_300x250_320x50_320x100_Right_2'); }); A boost for US...

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Bitcoin To Replace The Dollar And Gold?

The recent market excitement around Bitcoin has slightly detracted from one of the factors that attracted many people to cryptocurrencies, namely their decentralised and egalitarian setup. Unlike the US dollar and other government-backed currencies, no one person or organisation has control over Bitcoin. This makes the currency very appealing to libertarians and others who believe strongly in small government and personal freedoms. Recently, speculation has been building that Bitcoin may one day replace the US dollar or other reserve assets such as gold. In this article, we’ll examine each of these ideas in turn and discuss how likely they are...

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