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How Recent NEM Updates Will Impact Its Future

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NEM
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North America has control over a large number of global industries like insurance sector, financial sector, pharmaceutical and healthcare sector, supply chain management and the showbiz industry which includes sports. These sectors need a cost-effective way to handle and substantiate volumes of data in a safe and indisputable way. All conglomerates operating in these industrial sectors are projected to be playing a crucial role in integrating blockchain technology in the next few years. Thus the question arises regarding which blockchain technologies are likely to become the leading contenders for adoption by corporate enterprises.

NEM blockchain technology

NEM enjoys a huge competitive advantage over other cryptocurrencies. NEM is equipped with the technology to make this possible since the platform it operates on, is just perfectly conducive for business transactions. Thus NEM is the most convenient and secure blockchain network for corporate developers and organizations. NEM’s blockchain platform of NEM was coded and designed to facilitate both speed and scale. The private blockchain offers superlative transaction rates for internal ledgers. The modular Smart Asset System that NEM uses helps business enterprises to establish a remarkable array of real-world applications. Businesses use the inbuilt features of NEM to define and connect their Smart Assets, thus enabling the representation of any system of business transactions on the blockchain. The NEM Foundation is slated to announce collaborations with leading American companies which will be backing the steadily expanding community of developers and partners of NEM.

NEM to develop a partnership with Blockfolio signal Beta

On 25th June, NEM announced a collaboration with Blockfolio. Blockfolio is one of the most prominent cryptocurrency portfolio trackers. Anyone following XEM in Blockfolio will be receiving real-time updates and notifications starting from news and product updates to weekly proclamations from the interim president of the NEM Foundation, Kristof Van De Rock. NEM plans to make crucial announcements in the future through Blockfolio such that the level of awareness and activities elevates not just in the NEM community but throughout the entire cryptocurrency community. As per the request of NEM, Blockfolio is incorporating a localization feature. This feature would enable you to get updates and real-time notifications translated in the language of whichever region of the world you are in. This is an important step for the NEM community since the majority of the NEMembers is based in Japan, Philippines, and other Southeast Asian nations. The number of members of the NEM community is rapidly growing in areas like Russia and South America as well.

The integration and implementation of blockchain technology are projected to rapidly surge over the following year, thereby opening several opportunities and avenues with it. NEM is cashing in on these opportunities now by consistently collaborating with key partners like Blockfolio and making investments in regions like North America. Blockfolio will play an instrumental role in enhancing communications within the NEM community. However, Kristof Van De Reck aims to take further steps in escalating the flow of information within the NEM community. Hence he is initiating the launch of a new weekly blog post every Friday in the NEM Forums. These blog posts will be emphasizing on crucial announcements coming from the NEM foundation.

Participation of NEM team at the United Nations

Very recently, the NEM team participated in the blockchain for impact event held at the United Nations in New York. This event witnessed the participation of leaders from governments, industries and technology enterprises in the exploration, innovation, co-creation, and promotion of blockchain technology. The objective of this event was to put emphasis on solving real-world problems and come up with initiatives that would have deep and positive impacts at a social level. NEM’s team represented the technology of the cryptocurrency and gave insightful inputs regarding how NEM can contribute and add value to these social programs. Major agendas were announced at the United Nations for the adoption of blockchain technology and DLT (Distributed Ledger Technology) as a means to initiate and provide support to sustainable development within the year of 2030. NEM team is confident that the crypto will play an instrumental part in attaining this goal.

Conclusion

As of 27 June, NEM is trading at a price of 0.150290 USD, with a market cap of 1,352,610,000 USD. It is currently ranked 18th as per coinmarketcap.com. Currently, there are too many cryptocurrencies and technology platforms competing within the blockchain industry. The demand for blockchain technology is increasing at a staggering pace across a wide spectrum of industries. Hence the potential market of blockchain technology, especially of coins like NEM, is huge.

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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.

Image courtesy of Shiratski via Flickr

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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