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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

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

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Aluna.Social
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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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CoinFlip
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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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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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