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ICON (ICX) is Moving Forward with Token Swap and New Partnerships

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ICON seems to be moving forward with acquiring new partnerships and leading a pretty successful token swap while carefully watching over a token migration. The ICX team launched their own main net back in January leaving the Ethereum chain and seeking ultimate independence, as seen with EOS, TRX and several more currencies including DeepBrain Chain.

Since then, ICX has been working on hosting a successful token swap that should meet its end by September 25th of the following year.

ICON and the ICX Token Swap

As more and more currencies are moving from shared chains to going forward with releasing its own main net, ICX has been on the train to this market trend since January of the following year of 2018 when ICON released its own main net, that way leaving Ethereum chain.

The team ICX has gone forward with updating the public with how the things have been going with the initial token swap that started back in January at the beginning of 2018 when over 90% of currencies have marked their record prices.

It isn’t a strange case to encounter problems during token swaps and main net migration (remember EOS and the tension revolving g around their main net launching/token swap), as sometimes directions come as partially understandable or unclear to those users who are not as tech-savvy.

However, it seems that the migration of millions of dollars in ICX has been going on pretty smoothly in accordance with the team, while the ICX holders have confirmed the mentioned announcement.

Although launched back in January, the initial process of swapping ICX for ICX tokens started off a couple of days ago, marking the official start of the token swap on June 20th.

At this point, the exchange platforms that are able to support this token swap are Bithumb, Binance, and Upbit, so all holders will be able to have their tokens swapped on the mentioned exchanges by September 25th, when the token migration should be officially concluded.

ICONex Wallet to Support the Migration

Beside from having the above-mentioned exchange platforms supporting the token swap of ICX, in order to support the migration of their tokens and make the swap as smoothly as possible, the ICON foundation will be using their previously released wallet, ICONex.

ICONex was presented to the public back in February, as a digital wallet designed for keeping ICON units alongside with other supported cryptos.

Besides from its main purpose of keeping the coins safe, ICONex will serve the purpose of supporting the token swap of ICX native tokens starting from June 25th.

As far as the supporting exchanges concerned, Upbit, Bithumb, and Binance have frozen ICX for withdrawals and deposits for ICX.

Binance has stated on this matter that the ICX deposits and withdrawals will be enabled once the new main net of ICON foundation is proven to be safe and secure for live operations with native ICX tokens.

The safe period on the mentioned exchanges should end with the token swap finish by September 25th.

ICON is Scoring New Partnerships

ICON has been working on acquiring new partnerships for the past 30 days, and that is how the team ICX has made some strategic moves towards getting support for their network as well as joining the prediction market with the Qtum-based Bodhi Prediction Market.

Besides from joining the Qtum based Bodhi prediction network that uses blockchain technology for creating predictions of all sorts, the team ICX has also joined hands with Deloitte at the beginning of June when the two parties signed the memorandum of understanding, which is another strategic partnership for ICON.

Deloitte has already worked with over 30 different blockchain projects, and their collaboration with ICX will be based on promoting, developing and commercializing blockchain technology and of course ICX.

Another company set to provide strategic support for ICON is Carboneum, which is another one of their newly acquired partnerships.

Carboneum is a blockchain-based social trading platform, and as such will provide the needed support for the further development of ICON.

At last, back in May, ICX partnered up with Line, which is an Asian-based social network for messaging. With Line, ICON foundation will be pushing the project called Unchain.

With Unchain, Line will be operating on the ICX based network where Line will reward their users by deploying decentralized applications, news feed, games, messaging and chatting, shopping and allowing digital payments.

With around 200 million users actively using Asian Line, this messaging social network makes up for a perfect strategic partner for a blockchain project like ICON.

ICON (ICX) Performance

With the new wave of drops, ICX is showcasing another round of trading in the red, this time dropping by over -5% against the dollar.

With the latest change in the market, ICX can be traded at the price of 1.77$, that way showing a better situation in the market in oppose to the case on June 22nd.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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