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Cardano (ADA) Partnering Up with SIRIN LABS

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Cardano
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Emurgo and SIRIN LABS had announced in February 2018 that they will partner up with the cryptocurrency Cardano (ADA) to expand the ecosystem of its blockchain.

Cardano was launched on 29th September 2017. Even if the cryptocurrency is comparatively new, it has had a remarkable journey. Charles Hoskinson, the CEO and founder of Cardano and its other developers had developed the blockchain by keeping both regulation and end-user gain in mind. Cardano is currently in the process of developing a smart contract platform that promises to surpass the previously developed protocol. Cardano proudly claims that its blockchain is the first to develop from a scientific philosophy and a research-first driven approach. As of 15th March 2018, according to coinmarketcap.com, Cardano is at the 6th position.

A Little about Emurgo

Operational since 2017, Emurgo is based in Japan. “Emurgo develops, supports, and incubates commercial ventures and helps integrate these businesses into Cardano’s decentralized blockchain ecosystem.” (As described on the company website) Emurgo identifies and invests in early-stage blockchain companies that develop applications on the Cardano stack.

A Little about SIRIN LABS

SIRIN LABS is strictly concerned about user security on the smart devices. The aim of the company is to provide security to the users such that have are protected at all times. FINNEYTM devices have been designed to run on the open-source operating system of SIRIN LABS, SIRIN OSTM. It can support inherent blockchain applications, for instance, a crypto wallet. It provides secure exchange access and features encrypted communications and a peer-to-peer resource sharing environment for payment and apps that are supported by the SRN token. FINNEYTM smartphone can also be used as a cold storage of crypto coins.

The Partnership

The announcement about the partnership between the two giants is all about the integration of the Cardano ecosystem into the mobile devices.

“We are incredibly excited to be able to work with Emurgo on implementing the Cardano protocol into SIRIN OS and our upcoming FINNEY™ family of devices. The availability of the ADA token will undoubtedly enhance the user experience and utility of the FINNEY™ smartphone, to both crypto enthusiasts and mainstream users.”

  • Moshe Hogeg, CEO of SIRIN LABS

“It’s very exciting that we can work with SIRIN LABS to expand the blockchain industry. Also, it’s great news for the Cardano community that such an innovative smartphone will support ADA.”

  • Ken Kodama, CEO of Emurgo

The FINNEYTM device will also sport an exchange that will enhance the user experience, way beyond the abilities of the regular smartphones now available in the market. Currently, the Cardano protocol is in the development phase and it is conducted by the Input Output HK engineering company.

The Relevance of the Partnership

As a result of this partnership, FINNEY’s cold storage wallet will hold Cardano’s token ADA and the Emurgo team will be working with the SIRIN LABS R&D team such as to incorporate the FINNEY smartphone and SIRIN OS with the Cardano protocol.

The cold storage wallet of FINNEY is being designed to effortlessly interact between coins and tokens that are supported by the wallet. The next step is to create a DApp store and to offer the cryptocurrency and blockchain developers an SDK that will remarkably increase the number of DApps in existence. The partnership has many highlights. It will bring ADA support and features to the DApp store. This means that if the user wants to buy an app from the DApp store, then they can use ADA to purchase it. This is possible because all the transactions will be performed in SRN. The features of the wallet allow for an automatic and seamless exchange of ADA for SRN. The users have to first approve the transaction for the appropriate amount of ADA and only then will the phone conduct the transaction.

The partnership between Cardano and SIRIN LABS will thus bring the blockchain into the hands of every smartphone owner.

We will be updating our subscribers as soon as we know more. For the latest on ADA, sign up below!

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

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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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