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Apple’s Steve Wozniak Gives His Crypto Predictions

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One of Apple’s co-founders, Steve Wozniak, stated recently that he would join up a new crypto startup. He also spoke about cryptos in general, stating that he is excited about their future, and explained why.

Steve Wozniak excited about the future of digital currencies

In a recent interview, Apple’s Steve Wozniak, who is a well-known computer engineer, as well as one of the company’s co-founders, stated that he likes to keep up with modern technological advances. This is the reason why he was initially drawn towards cryptos. Later, when he uncovered the new and interesting aspects this technology, and Bitcoin in general, his interest was peaked even more.

Bitcoin doesn’t have a known creator, nor is it controlled by a centralized authority. It is entirely based on mathematics, which is one aspect that impressed him in particular. To him, math is like nature, and he trusts it completely. While people can make things up, control them, manipulate them, and alike, math is always true and honest, which is something that can be said for Bitcoin as well.

Steve Wozniak is known to have been the right-hand man of Steve Jobs himself, and the two founded Apple through shared effort. They founded the company back in 1976, when Jobs was handling the entrepreneurial part of the project, while Wozniak was in charge of the tech-related aspects. They continued to work on the company and got it through the first five years that were critical for its survival. By 1985, Wozniak left the company and had focused on other things like philanthropy, various investments, and he even became a host for pop music shows. Eventually, the world started to view him as an early computing world’s ambassador.

Cryptos are like the early internet, says Steve Wozniak

As such, the crypto world was anxious to hear what he thought about the crypto world and cryptos in general. As a very reputable and respected figure in the world of technology, many believed that his words on the matter might even dictate the future of this technology. If nothing else, his perspective was invaluable to them. Eventually, he decided to speak about them, and he did so at the Chainxchange blockchain convention.

He seemed more than excited about cryptos, as well as Bitcoin itself. It would seem that the biggest impression on him was left by the independence that cryptos have expressed so far. He even compared them with the early days of the internet itself. He stated that technology behind cryptos is amazing to him, and what was even more amazing that almost every branch of business these days either already uses some of the crypto products, or they are considering using them.

He also said that he sees value in this technology, which is not something that everyone is capable of. The current state of cryptos reminds him of the early internet in this regard as well. Finally, he briefly touched upon the new crypto investment group, going by the name of Equi Capital. He mentioned that he will be involved in the group and that this would be his first project of this kind.

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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.

Image courtesy of Gage Skidmore via Flickr

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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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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