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Here’s The Latest IOTA Partnership News

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The IOTA foundation is further pushing their agenda for the use case of the Tangle in the Internet of Things through IOTA partnership with three firms. These firms are Volkswagen, Bosch and Fujitsu. The industrial applications of the IOTA tangle have been demonstrated on numerous occasions in collaboration with the three partners as shall be outlined below.

IOTA Partnership with Bosch

At the Bosch Connected World 2018 event, the advantages of IOTA were demonstrated as the cooperation between the two firms was emphasized. With IOTA, Bosch wants to influence the value chain in the automotive and Internet of things sector.

At the end of last year, Bosch introduced its new sensor XDK or Cross Domain Development Kit. This sensor, on the IOTA tangle, will take automation to a whole new level through Machine-to-machine communication.

IOTA Partnership with Volkswagen

VW presented a new proof of concept together with IOTA at the CEBIT 2018 event. This was a demonstration about the use of the tangle to secure software transfer. VW wants to integrate the technology into its products as we move into a future of autonomous vehicles. Cars can get data they need for certain updates and function as part of an evolving digital world.

2020 has been predicted to usher in over 250 Million networked cars with 75% of this number connected to the internet. Therefore, to abate security fears, the IOTA tangle would be best suited for the transfer of information to and from the vehicles on the road.

IOTA Partnership with Fujitsu

Fujitsu has an amazing global network of over 140,00 employees supporting customers in over 100 countries. Fujitsu, being an IT service provider, wants to use IOTA to test projects for its customers who are in the manufacturing and automotive industries.

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Leopold Sternberg, Program Manager of Fujitsu’s Industry 4.0 Competence Center, had this to say about the future of using the IOTA tangle:

“Fujitsu is well-equipped to introduce IOTA as the new protocol standard because we are both experts in IT services and manufacturing IT products.”

Summing it Up

These three large industrial partnerships will be the backbone of mass applications of IOTA. The IOTA foundation has plans to increase its partnerships with time, but the existing ones will serve as a litmus test for the problem-solving capability of the IOTA Network.

Market Performance of MIOTA

The fake news that the Goldman Sachs firm from Wall Street was shelving plans for a Bitcoin and Crypto desk, gravely affected the crypto markets. BTC is the backbone of everything, dropped from comfortable levels of $7,400 to current levels of $6,292 in a span of less than a week.

With the fall of Bitcoin comes the ripple effect to other less dominant coins such as MIOTA. The digital asset had recently recovered from the terrible levels back in August when it was valued at $0.46. At the end of August, MIOTA had managed to climb to $0.77. Those gains have since been eroded away as the digital asset is now trading at $0.55 due to the Goldman Sachs fake news.

The general short-term direction of the crypto markets is one of uncertainty. But 5 years down the line, we will be laughing talking about how a small market dip in 2018 made us panic.

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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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DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Can Tron (TRX) follow in the Ripple (XRP) footsteps?

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It’s no secret that the cryptocurrency markets have been in an overall slump, especially when you consider all of the bearish action for bitcoin, ethereum, and altcoins, in 2018, compared to the incredible bull run of 2017.

While many people believe that this is simple consolidation, others paint the narrative that many are unsure about real-world applications for blockchain technology and whether institutional money will flow into cryptocurrencies at all.

Ripple is undoubtedly changing that narrative, recently surging over 80% thanks to its developments and partnerships with financial institutions.

It even briefly took Ethereum’s spot as the number two coin by market capitalization, in a price rally that confirmed a trend reversal and stunned many investors and traders in the cryptocurrency community. The price eventually decreased as Ripple returned to the number 3 spot concerning market cap, but the price movement certainly made a statement.

There are those who have been wondering whether Tron could make a similar move eventually, considering it is a project that has decreased dramatically in market cap, and many consider the coin oversold.

The fact that Ripple made an 80% move that quickly gave hope to other altcoins, and comfort to the cryptocurrency community that may be in the red that not only was it possible to break even again, but all was not lost in the markets, and that they can begin hoping to profit, in the long term.

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Why ZCash (ZEC) Is Heading to $10k

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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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