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ICON (ICX): The Big Bull Is Coming

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The excitement around Bitcoin (BTC) has resurfaced with the talk of institutional investors such as Blackrock and Goldman Sachs expressing their interests in blockchain technology and cryptocurrencies. The way things are going, 5 to 10 years to the future, the early birds who got into crypto investing during this time period, will be telling stories of how they trusted their guts in buying the numerous digital assets available in the crypto markets.

One such digital asset is ICON ICX and good times are knocking for the digital asset that has a very impressive past in the crypto markets. ICX is currently trading at $1.40 at the moment of writing this. The last time this value was seen, was back in early December last year before all hell broke loose and BTC was valued at $20,000 by the 17th of the same month. ICX would later peak at $12 in early January. The way the markets are looking with a resurgent Bitcoin, ICX could just be ready for another ride as the last one we saw in January.

Another thing that could lead to a bull run is that the ICX project recently completed a token swap that was spearheaded by the Binance exchange. Both the TRX and ICX token swaps were completed on the same day on the exchange signifying that both digital assets are now on their own blockchain networks and can be officially referred to as coins. We all know that this is a great step forward for both TRX and ICX. Keen investors love seeing progress in projects that have kept promises from their roadmaps. ICX has done just that. Therefore, there are investors watching from the sidelines and some are buying more of the digital asset. Which one do you want to be?

Thirdly, the ICON project is backed by numerous financial institutions, insurance firms, hospitals, and universities. One such strategic partner is the Korea Financial Investment Association (KOFIA) which is a network of 26 financial institutions in South Korea. There is also an unconfirmed partnership with SBI Ripple Asia and plans of furthering cross-border payments between Japan and South Korea. These are all amazing developments that mean that the coin will be on its way to a Moon Landing very soon.

Summing it all up, with a resurgent Bitcoin, comes the need to diversify our crypto portfolios with worthwhile digital assets backed by functional projects with a good team and results. ICON (ICX) is one such project and coin. The digital asset is at its lowest value this year and ripe for the buying.

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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.

Image courtesy of Elizabeth Oliver via Flickr

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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