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IBM to Issue Token On Stellar (XLM) Blockchain To Offset Climate Change

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Stellar

This week has been a beehive of activity in the crypto-verse beginning with the Consensus Summit currently ongoing in New York and is accompanied by news that popular South Korean exchange, Upbit, has conducted an internal audit exonerating the exchange from any wrongdoing. Also to note is that today’s markets are not too pretty in terms of gains. Everything is in the red, including Stellar (XLM) that should be basking in the news that IBM will issue a token on its blockchain to help offset climate change.

The current market analysis puts XLM at the value of $0.323 and down 12.24% in 24 hours. The rest of the market is also in the red. Bitcoin (BTC) is at the low $8,000 levels and currently trading at $8,248. Ethereum (ETH) is down below $700 and currently trading at $690. Ripple (XRP) is down 8% in 24 hours and currently trading at $0.68.

It is with this market background that Stellar might be moving to better days with the earlier mentioned announcement by IBM which has been known to being a Stellar partner for quite some time. The partnership was confirmed back in October when IBM and KlickEX chose Stellar to power the future of cross-border payments. IBM is currently running 9 stellar nodes for this purpose.

IBM will then use the Stellar blockchain, in partnership with an environmental fintech startup called Veridium labs, to tokenize carbon credits in a bid to track the pollution emitted from big companies and to attempt at offsetting these damages to the environment. Proceeds from the token sale will be used to reforest a 250 square mile piece of rain-forest on the island of Borneo in Indonesia. The new token can be redeemed and traded on the Stellar blockchain simplifying the carbon-credit process. Companies and institutional investors can buy the same carbon credits using the tokens on the Stellar blockchain, allowing for easier tracking and redemption on the blockchain.

A carbon credit is defined as a  permit which allows a country or organization to produce a certain amount of carbon emissions and which can be traded if the full allowance is not used. If a set amount of carbon is not emitted, the owner of the carbon credit can redeem it using the token.

With this news and the current ongoing Consensus Summit in New York, blockchain technology and cryptocurrencies will assist in mitigating the progression and finally the end of global warming. The pioneer crypto for reducing global warming will be Stellar (XLM). This mission is in line with the vision of the Stellar foundation in that it brings together two companies, IBM and Veridium, to help solve a real-life issue threatening our existence on this earth.

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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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Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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Blogs

How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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