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IBM Partners with Stellar (XLM) to Release Carbon Credits

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IBM announced a new partnership with Stellar (XLM) following the beginning of yet another market recovery. The plan is to use Stellar’s blockchain technology to distribute carbon credits in the form of tokens. Through mutual effort, IBM and Stellar might help reduce the damages done by pollution, and another consequence might include Stellar pushing out Ripple (XRP).

The crypto market has seen yet another period of recovery that allowed cryptos to take a break from the constant fight to simply survive and stay relevant. Stellar (XLM) is doing especially good, and its situation might improve even more thanks to IBM’s recent statement where it declared the intention of partnering up with the popular crypto. There is no doubt in anyone’s mind that this will significantly improve Stellar’s position, but some believe that it might even be enough to allow XLM to replace Ripple under the spotlight.

IBM partners with Stellar

Blockchain technology is rapidly improving and is already being accepted and used for various purposes all over the world. Many have discovered its potential to provide a new approach to existing problems. One such example includes the distribution of carbon credit via blockchain, which is exactly what IBM plans to do with Stellar’s technology.

Stellar and IBM have been known to partner up in the past as well. However, Stellar has never been a major part of any of IBM’s previous projects. This is something that will change this time, and not only will the crypto become a part of the project, it will become one of the vital parts as well.

Both sides will be able to benefit from the partnership greatly. IBM will have Stellar’s blockchain at its disposal, while XLM will gain even more exposure thanks to IBM’s reputation.

IBM’s carbon credit project

Carbon credits are one of new means to deal with the pollution issue and will be used for mitigating large amounts of damage that corporations are doing to the atmosphere. This is a new approach which is possible thanks to blockchain technology, and its decentralization. Previous solutions had much bigger issues, including cost, centralization, as well as a lot of bureaucracy. The blockchain is capable of eliminating all of these issues, which will largely speed up the process.

Through the partnership, Veridium Labs will be able to establish the credits’ value, and the blockchain will serve as the ledger for the credits. On the other hand, IBM’s responsibility will include facilitation of the trading.

BloomX wants Stellar as well

Stellar will be able to catch even more attention thanks to the recent announcement from BloomX, as well. The recent statement says that BloomX wants Stellar to be the one who will process their payments. They also added that Stellar’s network is perfectly compatible with their needs, which is why this crypto was chosen.

Stellar obviously has a lot going on for it at the moment. First, it got an excellent increase against the dollar, which was around 1.11%, and then it was chosen by BloomX. With the latest partnership with IBM, this crypto might be able to actually push Ripple away and take its place.

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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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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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