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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

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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