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NANO now accepted at Bitcoin Superstore, sees a hike of 43%

Anvita M V

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Nano now accepted at Bitcoin Superstore, sees a hike of 43%
Source: Unsplash

On 17th August, Nano [NANO], a global cryptocurrency company announced on their official Twitter page that the coin will now be accepted by the world’s only crypto store, the Bitcoin Superstore. The Bitcoin Superstore houses almost all retail stores worldwide, including stores like Amazon, Alibaba, and John Lewis. Customers can pay for their purchases through cryptocurrencies.



Currently, the store accepts Bitcoin [BTC], Bitcoin Cash [BCH], Dash, Ethereum [ETH], Litecoin [LTC], Nano [NANO], TRON [TRX], and XRP.

Nano accepted in BitCoin Superstore | Source: Twitter

Nano accepted at BitCoin Superstore | Source: Twitter

On 15th August, Nano also posted a mid-week update on their Twitter feed that said:

“Testing of v15 on the beta network has been going great. We’ve seen a drastic decrease in bandwidth due to the new Vote by Hash system. There are just a few days of testing left and we look forward to its release at the end of the week! $nano”

Earlier this month London Block Exchange [LBX], a cryptocurrency exchange announced on their official Twitter handle that they would soon be listing Nano on their platform. The partnership would mean the first Nano and British Pound [GBP] pairing.

Last month, the Nano community raised an amount of over 230 NANO from the users on the subreddit of Nano community. A user on Reddit explained the situation of the Venezuelan economy directly affecting the standard of living of the people. Initially, the user was only donated a small amount of 0.5 NANO. Later, a series of donations followed after a thread of the initial donation went viral in the subreddit of Nano. The amount accounted for a large sum when calculated in Venezuelan living standards.

Nicholas Merten, the Founder of DataDash on YouTube also a Redditor commented on the Venezuelan donation:

“When I saw what you all were doing for people in financially-torn Venezuela, it tugged my heart strings. THIS is what crypto has been missing. We’re at a time where a variety of  merging markets [Venezuela, Argentina, Turkey, etc.] are experiencing major currency crisis’s, and little to no one in crypto has taken upon the opportunity to share knowledge or some of their own crypto with citizens of these nations.”

He further said:

“It’s the only way to take this mainstream and see its true potential. I wish to see many more of these charitable events in the ecosystem, and will happily donate some of my Nano to contribute! It’s a great moral thing to do, and it helps people realize that there is an alternative.”

According to CoinMarketCap, at the time of writing, Nano was trading at $1.66 with a market cap of $220 million. In the past 7 days, the coin has seen a hike of 43.4%

Nano's price hike in the past week| Source: Twitter

Nano’s price hike in the past week| Source: Twitter

Other altcoins which have significantly risen in the past week are VeChain [VEN], Lisk [LSK],  and Ontology [ONT]. Reports indicate that the surge in prices of these Altcoins are a stark contrast in the bearish market, where the prices of all leading crypto coins have been displaying a downtrend for the past one week.





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Anvita Mysore Vadiraj is a full-time content writer at AMBCrypto. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies.

Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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