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

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ICON
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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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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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crypto credit cards
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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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