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IOTA (MIOTA) Boldly Developing with Volkswagen

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IOTA
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IOTA represents one of the most unique assets in the market mostly due to its revolutionary blockless blockchain inspired system called Tangle. Thanks to this unique blockless technology, IOTA is able to showcase all the potential contained in the Internet of Things, promoting IoT as the economic ecosystem of the future.

Although being a pioneer in the mass adoption of digital assets and block technology with having the first crypto charging station for electric vehicles that went live months ago in the Netherlands, MIOTA seems to be having a rough time in the market for the past two months.

Despite the recent drops and the rough time in the market, IOTA seems to be doing great in the terms of taking steps towards further technological improvements, while presenting one of their most recent achievements that came out as a product of IOTA Foundation/Volkswagen partnership – autonomous cars.

IOTA and Volkswagen Present Autonomous Cars

Volkswagen partnership that IOTA has acquired not that long ago maybe stands for one of the strategic moves of the IOTA Foundation that could be marked as crucial for the further integration of Tangle into the real-life purpose.

Volkswagen has recognized a great potential in IOTA’s Tangle, given the fact that MIOTA’s network is based upon DAG, which allows this network to function without the need of blocks or miners.

Volkswagen and IOTA have most recently announced that they will be demonstrating Proof-of-Concept, otherwise known as PoC or even as Proof of Protocol, in order to demonstrate the power of this protocol.

The purpose of PoC on this occasion will be focused on enabling autonomous cars as powered by the network Tangle.

The live demonstration was held at Cebit Expo which was held in Germany a couple of days ago, where Proof of Concept by IOTA’s Tangle showed to be an efficient model for enabling the concept of connected cars with available smart apps that run on a blockless solution as provided by IOTA.

The demonstration showed as truly a success, so Volkswagen stated that they are very positive about using IOTA’s technology in order to create smart autonomous carts that are connected to the Internet of Things.

Volkswagen further added that they will be working with IOTA in order to bring the smart car economy to life, where it is expected to have approximately 250 million vehicles that are to be connected through this process in the course of the next two years.

More from IOTA and Volkswagen

Besides from working together with Volkswagen to enable the development t of the smarty car economy where over 250 million cars are expected to join the project by the end of 2020, IOTA is said to be working on more projects with this company.

Being one of their crucial partners while promoting Tangle as the premium solution for the autonomous car industry, Volkswagen should have IOTA joining Mobile as a Service, otherwise known as MaaS.

Although the project has been confirmed, it is not yet certain when the initial start of the project will occur or when the finishing “product” will be available for the public.

What is known for now is that IOTA might be used as integration for MaaS where its technology would be used for different smart car services that would include making payments, bookings and more.

IOTA’s Citizen Card to come out in 2018

If you take a look at MIOTA’s charts for the last two months, IOTA doesn’t seem to be doing pretty well in the market with having -26% against the dollar in the course of the last two months while losing -36% of its value during the course of the last 30 days.

However, although timid in the market, IOTA seems to be working on new developments full steam. That is how it was announced yesterday on June 15th, that IOTA will be releasing ID Citizen Cards during the current year of 2018.

It was announced earlier this year that the capital of Taiwan, Taipei, will be joining forces with IOTA in order to bring a new system for identification into the use.

With the most recent updates, it has been stated that the citizen cards with a newly developed identification system should become available for the citizens of Taipei during the current year.

The identifications system will be using IOTA’s unique protocol as powered by Tangle, and it will at the same time mark a cornerstone of another successful integration of crypto technology into real life purposes, making identification process simpler and easier.

Taipei is aiming to become a smart city powered by blockchain technology (in the case of IOTA, blockless technology), so in collaboration with BiiLabs, IOTA is working on developing settlement and forensic systems in addition to already having a project called Air Box, which should work on regulating the quality of air in Taipei. Air Box is going to be made in form of a small device that would be installed in multiple homes across Taiwan’s capital.

IOTA Gets another Listing

IOTA has been acting sluggish in the market for the past couple of weeks, but even despite that, this promising asset just got another listing.

As announced by BitPanda and IOTA, the asset has become available for live trading on the mentioned exchange on June 14th.

As stated by BitPanda exchange, IOTA earned its spot as per the request from the users of the exchange platform.

Currently ranked as the ninth-best currency, BitPanda makes one of the 12 exchanges that had MIOTA listed.

During the last 24 hours and despite the latest developments and the most recent listing, MIOTA is still seen dropping against the dollar today by over -5%, while being traded at the price of 1.20$.

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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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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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