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Civic (CVC) Just Secured a Brand New Partnership

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Civic, although ranked below the top 100 list, has become known as one of the digital assets that aim to democratize blockchain technology and crypto-based transactions. That is because, although without a price that matches its potential, CVC is finding a way to make blockchain technology more accessible for individuals who are not particularly tech-savvy.

CVC represents a coin with a great potential. Some of that potential was spotted in the unique features of CVC revolving around identity services that are thought to be highly unique and extremely functional. That is how Civic just got closer to democratizing blockchain technology as it acquired a brand new partnership that can be deemed as a potential booster for CVC in the following months.

Civic Partners up with Enkidu: Two Blockchain Projects Collide

Although seemingly just another partnership in the line of several that CVC has acquired during the past few months, Enkidu represents more than just a partner. Besides from sharing the same idea with Civic, being a blockchain based platform, Enkidu is based on collaboration while the main objective of their technology is to bring people together.

Civic has a similar idea, as it wants to democratize blockchain technology, bringing people closer while making blockchain understandable and global payments fast and safe.

One of the main goals behind the team CVC ideology is to have blockchain based payments integrated into social networks, that way making blockchain technology closer to masses while being more available and easily attainable.

Besides from working on democratizing blockchain technology, CVC is known for some unique identity features, which is the exact thing that brought Enkidu to Civic, that way enabling these two foundations to start a promising collaboration.

The main objective of the project Enkidu is to enable smooth business collaboration that would include payment and team split, that way solving common collaboration problems that often appear in business.

Enkidu claims that their blockchain platform will revolutionize the way the companies are collaborating.

However, in order to do so, Enkidu will have to work on some improvements first and that is how CVC came into the game.

Apparently, Enkidu has some issues with providing a foundation for their idea, so their project is unable to see any sign of progress as there is generally a lack of trust and the feeling of safety on the platform, considering the fact that users are not offered appropriate solutions.

KYC the Key to Partnership with Civic

Some of the common problems that Enkidu was having troubles with was setting up joint accounts, ID verifications, and small projects turn out to be very expensive with their collaborative model. Enkidu then turned to blockchain technology, but still their registration process while creating your company with Enkidu is still said to be pretty much repetitive and unnecessarily lengthy, which affected the trust of their users as a consequence.

That is how Enkidu decided to provide their users and all potential clients with a trustworthy solution, and as CVC had a perfect solution, Enkidu will be using their KYC features in order to improve their services and provide better user-end experience.

Civic mobile application will be able to secure data as well as securing Enkidu users by creating a safe ecosystem with biometric sensor features all backed up with distributed ledger technology which will consequently diminish the need for re-importing data and personal info of Enkidu users.

The new KYC service features will then consequently make creating a company with Enkidu less repetitive and more convenient for interested clients, which was all brought by Civic/Enkidu partnership.

The CEO of Enkidu added that civic makes up for a perfect partner given the fact that the new KYC services make up for a reusable solution that will successfully establish a secure environment for Enkidu platform, that way enabling the further progress of collaborative solutions and blockchain networks.

With providing security for Enkidu platform, Civic’s CEO didn’t lack praise for Enkidu, stating that they are happy to announce the initial partnership. The CEO of CVC also added that Enkidu makes up for a promising blockchain project in more than several areas, that including smarty contracts.

He concluded his statement by adding that as one of the promising smart contract platforms Civic is happy to become a crucial part of security on Enkidu platform, as KYC makes up for a very important factor when it comes to smart contract adoption.

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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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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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