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

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IBM Stellar Ripple
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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

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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