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IOTA (MIOTA) Partners Up with Norway’s Biggest Bank

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IOTA
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IOTA is among the top 10 coins, currently holding the rank as the ninth-best crypto on the global coin ranking list. What drives IOTA to stay on top is a strong capacity of its “blockless” technology called Tangle, alongside with the involvement of IOTA in the Internet of Things. Moreover, IOTA is one of the rare coins to have found its way towards a real-life purpose as well as the mass adoption of IOTA technology and MIOTA units. So, after the first charging crypto station for electric vehicles, IOTA is now taking everything to the next level by partnering up with Norway’s biggest bank.

IOTA signs an Agreement with Norway’s Bank DNB ASA

At the beginning of June, it was evident that IOTA won’t stop with having MIOTA charged electric charging station when it comes to developing the Internet of Things.

Besides from exploring the boundaries, or better aid possibilities in a borderless ecosystem of IoT, IOTA seems to be working on mass adoption as well, which has been going in its favor with the latest proof that the MIOTA charging station for electric vehicles stationed in the Netherlands is indeed functional and fast.

However, in the terms of developing and exploring the Internet of Things, IOTA has recently partnered up with Norway’s biggest bank.

The mentioned bank is called DNB ASA and it represents the largest banking service in Norway while it also represents one of the largest banks in the mentioned area.

Since DNB ASA banking service and IOTA share the same objective when it comes to the Internet of Things and machine-to-machine communication, the two parties have signed an agreement where both IOTA and DNB promised to work together on “innovation and co-creation in the space of citizen-centric innovation, machine economy and decentralized data marketplaces” as stated in the Medium post published on May 31st by the head of Biz Dev of IOTA.

IOTA’s Tangle to be Used for Research and Development of IoT

The two parties, DNB ASA, the largest Norway’s banking service and IOTA, have agreed to bring their forces together in order to explore and develop a new digital innovation landscape in which Tangle will be the main spinning wheel.

Norway’s largest banking service already has a history of working with decentralized blockchain-based technology, and will as of the most recent turn of events collaborate with IOTA in order to use Tangle for creating an innovation ecosystem for the Internet of Things, while developing machine economy and decentralized marketplaces.

IOTA makes up for the first and by far the only ecosystem that runs on a blockchain-based blockless system called Tangle, while being designed and launched specifically for the purpose of building the future of the Internet of Things. That is how IOTA becomes one of the first cryptos ever to get a chance to be used in real life machine-to-machine communication, powered by Tangle of course, which made the MIOTA charging station for electric vehicles as a true success as it was later demonstrated in front of a live audience.

That is how it is expected to see IOTA thriving towards mass adoption and radical development of the IoT-related ecosystems, economy, marketplaces and different projects that fit the requirements of machine-to-machine communication and IoT related systems, protocols and products.

IOTA has held a live demonstration of the crypto charging station for electric vehicles a couple of days ago, showing that charging your Tesla with MIOTA charged station that is driven by Tangle, is simple, easy and fast, while the payment is processed in a matter of seconds.

IOTA and the Market Performance

The market seems a bit shaky, once again showing signs of a sluggish return; however, some of the currencies seem to be rising up against the dollar although with minor gains.

That is how MIOTA is trading up in the green while climbing up against the dollar by a minor rise of 0.89%.

Ranked as the ninth-best crypto on the global coin ranking list, this asset can be traded at the price of 1.73$ per one unit with great odds of getting near the price of 2$ per one MIOTA.

Earlier in January, IOTA has set a record value of over 5$ per one unit, but due to its stability in the market, we didn’t see it go far off from its all-time high.

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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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