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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.

Image courtesy of Adam Rose 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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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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