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Google thrusts towards blockchain, is Google Coin in the making?

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Google Coin
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We all know Google was not precisely ‘open’ to the crypto world. In fact, not so long ago the giant company decided to follow the lead of Facebook (which has changed its mind already now) and Twitter while banning crypto ads on their site. However, as it seems, the unfavorable perception of the company may be changing now, and this is something that can be read crystal clear with the latest crypto advertising acceptance and the adding of several cryptocurrencies to their crypto-to-cash converter that occurred just a couple of days ago.

Moreover, one of the most surprising facts is that Google made all of the latest decisions without making any announcements, which of course, let us think that there’s something big going on there. Is it possible that Google is planning to start a crypto revolution? Could we be speaking of a ‘Google coin’ appearing in the cryptosphere any soon? Let’s see all the reasoning behind and the latest moves of the search giant.

Google cloud services and the blockchain technologies

Google is one of the few cloud services that as of now hasn’t still given an approach to the blockchain technologies to refresh the service and provide an update to the way it functions. Let’s recall that not so long ago, this year, Amazon Web services announced the launch of the dubbed ‘AWS Blockchain Templates’, a project designed with the intention of supporting its users in the creation of their very own blockchain projects by using Ethereum and Hyperledger.

Similarly, Microsoft communicated as well the employment of the blockchain with the intention of providing blockchain-based solutions to enterprises, and this was followed by the launch of a project dubbed ‘Coco,’ a blockchain-based framework constructed to work on enterprise systems. Like this, it was just a matter of time before Google would intend to make a similar move, and apparently, that time has come already.

It was clear that this was going to happen at a certain point. In fact, the co-founder of Google and president of Alphabet, Sergey Brin, recently stated that they “probably already failed to be on the bleeding edge” by not adapting to the new technologies, and evidently, this adaptation didn’t take so long. This Monday Google announced its partnership with the company Digital Asset, a startup business that seeks to deploy and deliver tools in regards to the construction of blockchain-based applications.

In this matter, the head of the Financial Services at Google, Leonard Law, declared that they are,

”delighted to innovate with Digital Asset in the distributed ledger space. DLT has great potential to benefit customers not just in the financial services industry, but across many industries, and we’re excited to bring these developer tools to Google Cloud.”

In addition to this, another partnership was also announced with BlockApps, which is nothing less than another startup that seeks to aid the construction of DApps, so as it seems, no matter how late Google may be, they’re right on track to conquer the crypto world as well.

Conclusion

The possibilities of the latest announcements are enormous. For the one part, many of us may speculate about the creation of a ‘Google coin’, and this actually doesn’t sound that crazy considering the many uses that the search giant can give to this coin. On the other hand, no one knows better what we want than Google, so we could be speaking of the creation of blockchain-based projects that satisfy our deepest needs… A ‘Google wallet’ perhaps?

What Google is really attempting to do with this stills remains a question, for the moment we only have to wait and see how the giant will surprise us. Hold tight, stay tuned.

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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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