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Aeron (ARN) Takes Flight: Up Over 50% on the Day

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Aeron (ARN) caught air on some good news this weekend, soaring over 50% in a 24 hour period. Achieving a price of nearly US $.64 at its peak, this little-known altcoin led the fleet of cryptocurrencies available on Binance, showing the highest positive 24-hour percentage change on October 6th.

Ranking in at number 404 on coinmarketcap.com, you can forgive yourself for not knowing much (or anything) about this platform for improving flight safety. If you happen to be one of their lucky hodlers, however, you are likely flying high on the news of your investment finally getting off the ground.

With a circulating supply of 13 million coins, and a total market cap of US $7.7 Million, Aeron (ARN) shows a total trading volume of nearly US$17 Million in the past 24 hour period.

But what is Aeron (ARN)?

Quite simply, Aeron (ARN) is blockchain for aviation safety. While flying is generally considered among the safest ways to travel, there are still over 3,000 accidents in the industry each year, putting countless numbers of lives at risk.

Over 2 Million people fly each day on over 100,000 flights globally. Whether for business or pleasure, flying has become an indispensable mode of travel for the world’s population. The need for increased safety is paramount to the industry. And Aeron believes it has a solution to the largest factor creating in-flight accidents.

Flight records have historically been manipulated for various reasons. Forged logs can give a pilot an illusion of experience, or save maintenance costs on planes and equipment in need of service. This manipulation creates a bigger problem than you may think, and until now, there has been no easy remedy to this long-standing problem.

With Aeron (ARN) and blockchain technology, distortion or forgery of log data along with data loss, are eliminated. Pilots, maintenance organizations and fixed base operators can log their verifiable information onto blockchain. Transparent information is easily communicated to authorities and safety is improved.

So what caused the dramatic rise in price?

An important roadmap milestone was reached over the past day(s) involving Aeron’s (ARN) Aviation Authority portal development. After intensive discussions with aviation authorities in the European Union, electronic logbooks were established as a recognized tool for the industry. While paper logs are still deemed necessary, EASA/FAA compliant blockchain log entries as published by the Aeron (ARN) team were well received and found complete.

As a result of these discussions, the Aviation Authority portal (a company effort to balance privacy with permission access to flight records) is now under development. This important milestone marks another achievement of the Aeron (ARN) team, in line with the company’s ambitious roadmap.

The Sky is the limit.

Aeron (ARN) can be found on a number of exchanges, including Binance, Gate.io, KuCoin, and others. The ARN token is supported by an equal number of multi-asset wallets. You can join their communities on Twitter, Reddit, Telegraph, Facebook and more.

With confidence renewed, Aeron (ARN) has found the lift necessary to get their little plane off the ground. And with fair skies projected for the remainder of the flight, investors are free to unfasten their belts and roam around the cabin. While investors should take note of their exits and mind the instructions offered preflight by the steward/stewardess, the view from the little windows on this airborne altcoin must be spectacular from these heights… and the sky, as they say, is the limit.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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