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Civic (CVC) Gets a Crypto Charged Beer Vending Machine: Enables Blockchain ID Verification

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Civic (CVC) has just become another crypto to get its vending machine, and although not the first digital asset to achieve this, Civic has found its purpose in real life. We all remember that IOTA got its own crypto charging station for electric vehicles, which is based in the Netherlands, with the plan to expand to other countries as well. With this achievement, IOTA has become the first crypto to have its own vending machine, however, Civic followed up soon afterward after partnering up with Anheuser-Busch InBev.

Civic Gets a Beer Vending Machine

Weeks ago we were able to witness IOTA becoming the first currency to get its own charging station for electric vehicles that is driven by IOTA’s network Tangle, that way making IOTA the first crypto to get its own vending machine.

However, IOTA is not the only crypto with this title, as Civic just joined it as a product of the recently sealed partnership with Anheuser-Busch InBev.

Thanks to this partnership, Civic has got its own beer vending machine that is operating on CVC units.

Moreover, Civic has stepped up its game by enabling a feature that allows the vending machine to recognize the age of the user by using blockchain-based information, that way preventing a minor to use the vending machine and buy alcohol illegally while using Civic.

This is pretty important for Civic as well as for regulatory purposes of blockchain-based assets, as although Civic allows transparency, safety and anonymity with transactions, it shows that it doesn’t support lawbreaking, so the feature of age recognition is a pretty neat addition to the system of this vending machine.

At the same time, with this move, Civic showed that this digital asset owns the technology needed for mass adoption and applied blockchain technology for real-life purposes, also demonstrating the functionality of blockchain-based technology.

The vending machine was presented at the Consensus 2018 that was held during the last week and the announcement about the beer vending machine running on crypto came out around May 13th.

At the Consensus, investors could go ahead and try the beer vending machine. The team behind CVC claims that the vending machine could be easily modified to respond to Bitcoin and other digital assets as well.

The team behind Civic stated that they also wanted to change the fact that “we trust our ID verification to people who are often unqualified”, they wanted to change that and since they have enabled the feature of age recognition, Civic stated that they have enabled anonymous blockchain-based ID verification.

How Is Civic doing at the Current Moment?

The market is once again adopting a sluggish trend so we can see the majority of currencies going down with the market trend while trading in the red.

CVC is not an exception, so we can see it dropping against the dollar as well.

During the course of the last 60 days, CVC has shown a positive move in the market as we can see it rising up by 22% against the dollar in the period of the last two months.

However, the period that followed afterward didn’t do so well to Civic so we can see CVC dropping against the dollar in the period of the last 30 days while trading in the red by -13%.

Likewise, we can see it dropping on its weekly charts, including the chart during the last 14 days where CVC is seen dropping against the dollar by -24%.

In addition to trading in the red in the last 14 days, CVC is also dropping against the dollar in the period of the last seven days so we can see it trading in the red with a drop of -16%.

Following the latest change in the market and with the majority of the currencies going down in the red, Civic is also dropping at the end of May 21st and the beginning of May 22nd.

After the most recent change in its value, CVC has gone down by 4.69% against the dollar, while it also going down against ETH and BTC.

During the last 24 hours, CVC has dropped against BTC by over 3% while trading in the red against ETH by over 1%.

Civic can now be traded at the price of 0.322$ per one unit, which is still far from its record price of around 1.33$ per one CVC as set back in January.

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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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