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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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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

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Altcoins

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)

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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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