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Google (NYSE: GOOGL) to partner up with Cardano (ADA) soon?

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Cardano
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Cardano (ADA) is a blockchain technology that was founded by Charles Hoskinson. After inviting Justin Sun, CEO of Tron (TRX), to design the most exceptional blockchain tech in the world, there seem not be a stopping point for Hoskinson as he went to meet Google in London for possible partnership talks to foster cryptos and blockchain technology.

Cardano (ADA) potential partnership with Google

The meeting hosted Hoskinson and his IOHK team; it gave Google teams all over the globe the chance to put up questions about Cardano through conference calls.

It is important to know that IOHK is the company in charge of the coding aspect of Cardano platform and the company was invited by Google’s London office to give answers to the queries concerning the crypto’s next-generation protocols and also to explain the plan to outdo Ethereum. The details of the meeting will be made known for every enthusiast of Cardano (ADA) soon, according to Hoskinson.

Regarding Cardano meeting with Google, Hoskinson started with an introduction of what Cardano is, and how it functions. He further went ahead to explain the blockchain’s algorithm. Hoskinson, also the CEO of IOHK, further emphasized that the team is presently correcting the faults that their network has. As a result of the meeting in London, there may be a possible partnership between these two companies shortly.

Cardano is an open source blockchain technology that plans to solve the problem that most Ethereum users face which are, security, PoS consensus mechanism, and scalability. Cardano plans to give these solutions in a bid to outdo Ethereum through its algorithm called Ouroborus.

During the meeting, Hoskinson talked about Cardano’s and cryptocurrencies future, and a Crypto enthusiast raised a question on how Cardano plans to overtake Ethereum – Hoskinson answered by saying this:

“So many Java, C++ or Go developers are writing codes on Ethereum? You can’t, Ethereum doesn’t support any of these languages. They can’t even run a single viral app on the platform. If you look at the top 10 languages, none of them works on the system, so, by definition, all those developers aren’t developing for the system, they have to go and learn new tools and new stuff. With Cardano, first off, we’re backed-compatible, 100%, we’re running an EVM.”

It is evident that the blockchain has developers at heart due to its compatibility with different programming languages. These programming languages can be used by developers to develop smart contracts and decentralized applications on the blockchain.

Cardano (ADA) plans ahead

Cardano’s network called KEVM testnet is active at the moment, but Google employees asked Hoskinson on the first stride they aim to achieve this year, and he answered by saying this:

“Our goal is to release the next major version of Cardano sometime this year, called Shelly. We are really working really hard towards that. It might slip, but the odds are that it won’t… In parallel, we are releasing testnets for smart contracts. The first one will be released at the end of the month, and this is done with something called KEVM.”

Finally, it is important to note that Google is a company that has banned cryptocurrency ads, but its interest in Cardano’s blockchain project is quite intriguing. We hope to see a possible partnership between these two companies very soon.

And, of course, Google asking Cardano questions about blockchain and cryptocurrencies in general, refers to the fact that the search giant might be weighing the water before jumping into the crypto-river.

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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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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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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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