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

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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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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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