Connect with us

Blogs

IOTA (MIOTA) Makes it into the Auto Industry: Here’s Why

Published

on

IOTA
READ LATER - DOWNLOAD THIS POST AS PDF

IOTA is finally trading in the green while going up against the dollar as the market is finally showing some improvement. As of the latest change in the last 2 hours, the majority of currencies are going up, while MIOTA makes no exception. However, we are more interested in the list of all the partnerships IOTA has acquired during the previous period, realizing that all of the sealed partnership were actually strategic. So, after getting its own IOTA charging station for electric vehicles in the Netherlands a couple of weeks ago IOTA is now working on new goals.

IOTA and the Auto Industry

Going above TRON during the massive rebound in April, IOTA has reached the spot of the 9th-best currency in accordance with global coin ranking list and due to its market capitalization. During its rebound, IOTA even managed to have its first IOTA charging station for electric vehicles set up for active operation in the Netherlands, which contributed to the mass adoption and showcased one of the real-life purposes that match the technological capabilities of MIOTA’s network, Tangle.

However, this is not the end of the story of mass adoption and real-life use of decentralized ecosystems, as IOTA has made some remarkable partnership in the previous period, that way making its strategic move towards its next plan.

Having been partnered up with companies like Volkswagen and Porsche, which are both automotive magnums, IOTA is making room for having its technology reaching the industry of automotive and electric vehicles.

With Tangle, IOTA has a plan to enable easy and simple, cost-effective connectivity between machines, creating decentralized machine-to-machine communication which would be driven by MIOTA.

In this case scenario, machine-to-machine communication model would serve the purpose of connecting your vehicle to your computing system in order to achieve better driving performance and get the most out of your vehicle.

That way, IOTA can create decentralized applications that serve the purpose of preventing car crashes and accidents on the road, simply and easily by using the technological capabilities of Tangle, which is a superb and fast decentralized ecosystem, although with a different infrastructure when compared to other platforms.

With Tangle, IOTA goes beyond traditionally known blockchain- based platforms but makes up for its own industry while being connected to the Internet of Things, considering it the future model of business ventures and industry collusion.

IOTA, partnered up with massive auto companies, can even establish a transfer system that would serve the purpose of paying for different services and products, all through your vehicle.

This could be easily done with Tangle, given the fact that IOTA can successfully perform machine-to-machine communication, which is probably the main reason why these auto giants were interested in partnering up with IOTA in the first place.

Besides from Porsche, Volkswagen, and IOTA, 30 more companies related to the auto industry have joined the movement called Mobility Open Blockchain Initiative (Mobi), with the purpose of presenting connectivity resolutions for machine-to-machine communication in the auto industry, all supported by Tangle.

This alliance could most probably sky-rocket IOTA while presenting it to its real-life purpose.

How is IOTA doing at the Current Moment?

April was pretty benevolent to MIOTA as this currency managed to acquire a pretty smooth rebound, while it also launched first crypto charging station for electric vehicles and sealing very important partnerships within the auto industry.

With May 13th, the market trend also seems to be changing as we can see the majority of currencies moving up.

Holding onto the spot of the 9th-best currency, MIOTA is also going up against the dollar today while trading in the green.

Following the latest change in the market after a week-long trend of plummeting, MIOTA has gone up by 4.43% against the dollar in the last 24 hours.

In addition to collecting gains against this fiat currency, MIOTA is also going up against Bitcoin, while trading in the green and rising up by 2.40% against this crypto.

After the latest change in the market, MIOTA can now be traded at the price of 1.91$ per one unit. With this pace of growth, it is realistic to expect to see MIOTA reaching and breaking through the value of 2$ per one unit in the following days. However, this case might be postponed in case the market turns sluggish again.

IOTA made its record price of around 5.20$ per one unit back at the end of December of 2017 when it was predicted that the current year of 2018 would be THE year for cryptocurrencies, which isn’t far from the truth if you take a close look at how far certain assets have gone.

For the latest cryptocurrency news, join our Telegram!

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 Pexels

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

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,…

Continue Reading

Elite