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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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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

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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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)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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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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