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Crypto Exchange Expert: The Coin that Enthusiasts are Overlooking

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Andrew Wong, an executive from International Digital Currency Markets, one of the world’s leading crypto exchanges, believes that Stellar’s potential is being overlooked by enthusiasts and investors.

Andrew Wong, who works as a managing partner at International Digital Currency Markets, has argued that Stellar network, along with its Lumens coin (XLM,) can comfortably handle 90 percent of a user’s requirements for smart contracts. He also claimed that it can process 100 times more transactions than Ethereum can every second – and all of this is achieved at a lower cost.

Reflecting on the state of the industry right now, Mr. Wong thinks it could be many years before market-leading tokens begin to emerge.  He forecasts a “free for all” until then, meaning there’s an opportunity for a new coin to sweep in and establish dominance.

He believes that major growth in the crypto world is far from over, and predicted that this will be the case for at least five more years. The executive believes that current big players such as Ethereum and Bitcoin will still be around 2023, along with the so-called altcoins that are trying to gain popularity among users.

Challenges to overcome

For all of the promise that cryptocurrency brings, Mr. Wong believes there are some big challenges ahead for the industry.

First, he pointed towards usability – and predicts that mass adoption of cryptocurrencies would be at least a decade away.

Mr. Wong says that this is, in part, because of the scalability issues that constantly threaten blockchain and crypto – slowing down the time it takes to complete transactions acts as a massive barrier to entry for businesses concerned about whether the digital economy would be able to support their growth. Another reason is due to crypto’s accessibility –  digital tokens are often viewed as being too difficult to use for the population at large.

He does, however, believe that certain coins hold a lot of promise and potential – and outlined two that he keeps his eye on as big players for the future: the Dero Project and Ravencoin (or RVN for short.)

Market changes

Of course, the crypto world has never been good at sitting still – and Mr. Wong says that businesses and consumers should brace themselves for some big changes in the coming years.

Primarily, the IDCM managing partner believes that regulation is going to play a larger role in the industry going forward. However, he stressed that extra rules and oversight do have the potential to be a good thing as long as “it is not suffocating innovation.”

Mr. Wong thinks that, when it comes to regulatory matters, the opposite will happen. He is upbeat about countries around the world starting to compete ferociously through favourable policies designed to entice capital and talent to set up shop in their country.

Whatever happens, he predicts that initial coin offerings (ICOs) will soon face greater oversight, while centralized exchanges are going to face tighter controls when it comes to the “know your customer” checks they carry out on new users.

Looking ahead

Overall, Mr. Wong says that this is still a good time to be in crypto – especially for entrepreneurs who are looking to start their own venture. With strong projected growth, he views the current market conditions as conducive for developing practical applications and laying the groundwork for a lasting business.

Mr. Wong worked for seven years as a trader at JP Morgan before he joined IDCM. One of the world’s top crypto exchanges in terms of trading volume, IDCM promises to offer deep liquidity and a safe and stable infrastructure thanks to its dedicated cold storage solution. It supports withdrawals in US dollars and Hong Kong dollars and supports leveraged trading and algorithmic strategies for more advanced investors.

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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How Cryptocurrencies Will Change Online Gambling in the Future

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Anyone who has followed online gambling since the beginning can tell you that things don’t stay the same for long. One of the reasons for this is that technology improves at such a ridiculously fast pace, and innovators in this industry are able to match up with those technological changes pretty quickly.

An innovation in technology that the Internet gambling industry has really learned from is cryptocurrency, with bitcoin in particular leading the way. We’ve seen it emerge as an alternative banking method, but it’s going to change the industry as a whole in ways that people can’t quite understand yet.

A Post-Legality Era

Something that has eluded online gambling since its inception is the idea of a global governing body. As it stands right now, each individual country (and smaller units of jurisdiction) have their own governing bodies that oversee in the industry. A lot of these laws are tied to banking laws, and that’s where the legality of playing in bitcoin casinos becomes such an interesting topic.

In the present, we’re seeing country-based regulatory bodies from places like Malta, Gibraltar and the United Kingdom start to work together and recognize each other’s licenses more and more. That’s taking serious steps towards having a global governing entity, and once that happens, the role of bitcoin is going to be even larger than it is now because it’ll…

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VOLUM (VLM) Announces Commencement of Token Generation Event

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ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.

Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.

The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.

“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…

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How to Secure Yourself in Relation to Bitcoin: Top VPN Services

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Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.

Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.

What is a VPN?

Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.

Security

While the connection to the ordinary Wi-Fi networks, a user usually gets access to the Internet directly, thus he becomes vulnerable to the hackers and the malware attempting to steal his personal data. On the other hand, applying VPN one transmits and gets data in encrypted form which makes it protected.

Anonymity

Generally, isn’t hard to trace an Ip-address of any user and to identify his location with sufficient accuracy. With the help of VPN, the attacker will only get the address of the removed computer. Undoubtedly, the safeguard…

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