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New IBM Stellar (XLM) blend could soon challenge Ripple (XRP)

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IBM has made an announcement regarding the Stellar blockchain technology, just recently. They will join forces with Veridium labs. This new project will allow for carbon credits to be traded as a token by means of the blockchain technology thus helping consumers and companies to manage their environmental impact better.

Carbon credits are not a new development at all, they’ve been around for several years already. They allow for carbon emissions to be offset among industries and companies so every firm can keep their industrial might up while, at the same time, carbon emissions are kept in check around the world.

The new development, in this case, is the use of the blockchain’s decentralized technology to trade in these credits. This could be a significant development as it will bring transparency to a market that needs it sorely.

This could be the first of many new projects that could be started, sponsored, and developed by IBM and partners using the Stellar blockchain to make all kinds of processes decentralized, safer and more transparent.

Just last October, the technology giant told the world that it was forming partnerships with several banks around the world to use the Stellar blockchain and network to provide international payment solutions that are faster, safer and cheaper than the current traditional transactions. 

Then, on April, IBM’s VP of Blockchain Technologies (oh yes, IBM has one) suggested at more to come.

Public but permissioned

This project will mark the first time in which IBM is coming up with an actual token over a public network. The network is designed to be public but not utterly open. 

It will still include features that will call for the right permissions to do transactions. A spokesperson for IBM stated that the network must be “public / permissioned” because there are regulatory elements in this kind of trade that require for the network to be restricted in some ways.

Stellar (XLM) is becoming increasingly relevant to IBM. And that could change the game for Stellar Lumen. They’ve been striving to contend with Ethereumm as the blockchain of choice for organizations that are implementing decentralization as their way to do business. IBM’s confidence on Stellar brings it credibility in the eyes of the world and the cryptocurrency community.

As thing stands right now, Ripple (XRP) is the most credible crypto coin for global transactions and payments. Their partnership with Banco Santander alone is quite impressive. 

That being said, the partnership between IBM and Stellar Lumen could change things for everybody very quickly. IBM is already one of the biggest companies in the world (and they’ve been the main force behind innovation many times before), so they already enjoy many partnerships with some of the world’s biggest players. It’s an excellent platform for Stellar.

But it’s not just good for Stellar. As IBM becomes involved with a public blockchain network and token for the first time they are forcing skeptics and neutral observers to take the whole crypto technology experiment seriously.

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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 Pxhere.com

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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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