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Civic (CVC) Finding Its Way around the Tough Crypto Currents

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Civic has had its ups and downs over the time since this currency as launched. Although CVC traded near one dollar price two months ago, in January with the beginning of 2018, this currency has dropped to almost three times since then, in the course of a two month period. How is Civic doing at the current moment and does this token has any chances to get to that “so-near-but-so-far” one dollar price by the end of the year of 2018?

A Little Reminder about Civic

Civic is all about promoting safe and secure identities. The main goal of this token is to provide individuals and small and medium business with fully protected identities.

Civic makes it pretty easy to trust a decentralized platform as it has separate programs for developers and business owner, so you can take advantage of the scalable ecosystem that offers fast decentralized transactions without any type of third parties involved. In order to protect and keep all user identities safe and secure, Civic is using Secure ID feature, reusable KYC, and ID Theft Protection. With Secure ID feature, you can make sure that you will be using spam-free websites that are listed as CVC partner websites and all the included services. This feature somewhat works as parent control for the internet: that case when you can limit website addresses your child is using. Only this feature is a lot more sophisticated given the fact that Secure ID is operating within a blockchain-based ecosystem.

With CVC Reusable KYC (Know Your Customer) tool, you can easily verify your identity per your request. This feature allows all users to easily scan personal documents like driving license or passport and upload all information needed for creating and verifying their identity within their account. In order to use this tool, you need to pay a pretty fair fee and you need to own a CVC wallet.

Once you have submitted all the info needed, the tool will create your identification that will exist within the Civic blockchain ledger. CVC will share your information only with the chosen parties and solely on your demand. All your information remains fully private as Civic is all about the security of identities and ultimate privacy. This tool comes as pretty handy for crypto services within the platform and beyond, traveling, applying for dating sites, lending money via smart contracts and more. With this feature, all your information is being verified in real time and it can be reused any time upon your permission. Instead of having to verify your ID every time you need to prove your identity, you can use this tool for easy and simple verification that guarantees privacy and safety.

At last, thanks to the CVC ID protection, the level of privacy you get with this token is backed up and additionally improved your safety. With this tool, you can make sure that CVC is doing everything to prevent identity theft. Starting off with monitoring and monitoring alerts, this tool will notify you in case anything suspicious that could jeopardize your identity comes along. In case anyone has used your identity you own through CVC, the credit bureau will send you alerts, protecting you during, before and after the ID theft.

To make sure you are additionally backed up, CVC has set up a fraud support that is constantly on the lookout and working on providing you full support 24 hours a day and 7 days a week.

In case your identity does get stolen, you will be provided with a new address, a new wallet and you will be able to get back into the game. Very soon, this tool should get a tone of improvements. One of those improvements is a money refund, so in case your funds would get stolen with your identity, you would be able to retrieve your funds in accordance with the limit that has been previously set to your acknowledgment.

There will also be a feature that would get involved with monitoring the dark web hackers who are involved in buying identities for different purposes. CVC will protect you from that harm and let you know if anything suspicious comes along.

How is Civic doing at the Current Moment?

After trading near one dollar value only two months ago, a lot has happened to CVC since. Civic truly had its ups and lows as it also suffered from the latest massive drop in price that all major currencies went through during the third week of February 2018.

During March 4th, CVC dropped by -3.20% against the dollar. At this time, Civic was being traded at 0.28$ per one unit.

With the latest change in its price, on March 5th, CVC managed to bounce back up a bit while experiencing a rise of 1.51% against the dollar within the period of 24 hours. After the latest positive change in its price, Civic can now be bought at the price of 0.28$ per one token.

Given the fact that Civic does offer an unquestionably strong privacy and safety for all its users, CVC should probably get back to its old all-time high pretty soon. In case Civic would continue to grow at the current pace based on the latest change in its price, it is possible that this token could reach the one dollar goal by the end of the year and even sooner, going even beyond the price of a dollar per one unit.

We will be updating our subscribers as soon as we know more. For the latest updates on CVC, 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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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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7 Steps to Recovery from a Crypto Trading Loss

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Whether you are a newcomer to the crypto market who mistakenly invested a large amount into the wrong coin, or a professional that made a well-researched decision and something still went wrong, the result it the same — you lost your money to the crypto market. This is a big problem, but also a problem that every crypto trader faces at some point.

The reason may be anything, from simple bad luck to the lack of research. Add to that the fact that the crypto market continues to be extremely volatile, and it is clear that not all of your trades are going to end up successfully.

Whatever the reason is, the fact remains that you experienced a loss and that this is a problem which can affect more than your funds. It can also affect your mind and feelings. Since every successful trade that you have the potential to make in the future depends on you, you have to recover first, and only then should you worry about the funds.

The road to recovery is different for everyone, and it will take a different amount of time and effort. However, there are a few general steps that you can take to recover from a crypto trading loss.

Step 1: Stop and calm down

You have just suffered a major loss. It may have been your mistake, or…

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