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ICON (ICX) Partners Up with Samsung Thanks to Chain ID

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ICON, one of the top 20 coins, currently ranked as the 19th-best coin in accordance with its market cap, has just acquired another important partnership. This time, ICX has managed to get Samsung on board, which is one of the leading companies in the domain of developing electronic devices. No need for the introduction of Samsung, as this company has managed to make a brand out of its name, but we are surely interested in analyzing what ICON is going to get out of this newly acquired partnership.

ICON Partners up with Samsung

One of the latest, most exciting news related to ICON, is the fact that the team behind ICX just partnered up with one of the leading brand names in the world of electronics, Samsung.

The main reason why ICX managed to get this partnership is the fact that Samsung will be using ICON’s own Chain ID for their new project called Samsung Pass.

The news about Samsung Pass and Chain ID broke out a couple of days ago, on May 11th, when the team behind ICX wrote on Medium about Chain ID, representing this project as the first blockchain joint authentication service.

The team managed to “forge” Chain ID out of loop chain blockchain system, and the mentioned authentication service will be used by Samsung for their latest project.

The entire idea of this authentication service started with South Korea wanting to regulate Certified Certificates, which is a centralized system of authentication. Wanting to answer the need of a more flexible method for personal authentication, ICX decided to use loop chain technology, that way creating a unique way of authentication with Chain ID.

Korea Financial Investment Blockchain Consortium has then become the technical partner, pairing up with ICON as their teams were working on Chain ID.

In the announcement, as published on Medium, the ICX representative stated that the mentioned project, Chain ID, was made almost a year ago and has been in use since October of last year.

However, now, Samsung found interest in this authentication service, wanting to use it for improving its own service, Samsung pass.

Samsung is currently using the bio-metric system for authentication on their mobile devices, but they are also planning on implementing Chain ID into their mobile devices, which is the main reason for partnering up with ICON.

This is, needless to say, a great deal for ICX, as its technology managed to find its way towards being massively used with the future designs of mobile devices that Samsung is planning on releasing, which is an amazing commercial use for ICON.

Partially driven by the latest partnership with Samsung, and in great way trading in the green, because the tables have turned in the crypto market, ICON is going up in its price today on May 13th.

How is ICON doing at the Current Moment?

The latest market trend dictates trading in the green with frequent rises, so ICX is no exception to the rest of the currencies.

In the period of the last 60 days, ICX did pretty well, although not among the top gainers of the mentioned period. During this time, ICX has risen for 43% against the dollar, while it managed to collect a rise of 60% in total against the dollar in the period of 30 days.

In the last two weeks, ICON didn’t perform as well as in the previously mentioned period of 60 and 30 days, which means that ICX was going down during this period, falling by -14% during the course of 14 days.

In the last seven days, the market was acting a bit sluggish, so we could see the majority of currencies going down while trading in the red. ICON was no exception, so we could see it losing -6.8% against the dollar in the last week.

However, today we can see a different case as the market has turned bullish again with having the majority of currencies going up while trading in the green against the dollar.

With the latest change in the market, ICON has gone up to 8.18% against the dollar, while it also went up against Bitcoin by 4.42%.

ICX is dropping in oppose to ETH by -1.95%, which means that Ethereum is doing slightly better at the current moment.

After the latest change in the market, ICX can be bought at the price of 4.14$ per one unit.

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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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