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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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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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