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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.

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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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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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