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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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