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Cardano Paving The Way For Blockchain In Agritech

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Cardano
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By the end of 2018, Cardona will most likely be one of the few Blockchain startups in the agritech sector courtesy of a recently signed MOU between Cardano’s parent company (IOHK) and the Ethiopian government.

Reports about the newly signed agreement were first reported on Cointelegraph in a matter of hours right after a tweet from the CEO and founder of Cardona Charles Hoskinson was published:

Just signed an MOU with the Ethiopian Ministry of Science and Technology to explore training blockchain developers and use Cardano in the Agritech Industry

—– Charles Hoskinson

In his tweet, Hoskinson verified the announcement much to the amazement of the Cardano community with some followers even requesting the CEO to work towards developing a similar Blockchain venture with Ethiopia’s neighboring country Kenya.

What the partnership entails

The move to partner with the Ethiopian government will result in the Ethiopian Ministry of science and technology working together with Cardano’s African Operations Department (led by John O’Connor) towards the realization of an agritech platform on Cardano’s Blockchain. If the reports are anything to go by, plans for the platform’s development are set to be complete by the end of the year.

The partnership will also include training of Ethiopian developers on the utility of Blockchain technology, a move that was commended by the Cardano community on Twitter as a move in the right direction not only for Cardano and the Blockchain revolution but also for Ethiopia as a country.

Cardona making big leaps

With Cardano realizing a growth of over 200 percent since its beginning in September last year, the move to partner with Ethiopia comes at the most opportune time considering a recent move by Binance (a leading crypto exchange) to partner with Crypto Savannah (Uganda’s leading Blockchain organization) in order to facilitate East Africa’s economic support and development.

Furthermore, Cardano has established its position in the market with a top ten ranking position since its launch not to mention a market capital around the 9 billion mark according to CoinMarketCap. Apart from the fact that Cardano operates on its own Blockchain (unlike most cryptocurrency startups that are forked from Bitcoin or based on Ethereum’s Blockchain) Cardano also utilizes a proof of stake protocol that proves to be more efficient than a proof of work approach.

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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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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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Altcoins

Top 3 Coins to Buy Before They Go Big

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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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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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