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IOTA News: IOTA Gains Support on New Hardware Wallet

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IOTA news
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According to recent IOTA news, MIOTA has now officially integrated with Ledger’s hardware wallet. The announcement, which came via blog post and Twitter, states that the wallet is also compatible with Romeo wallet, as well as Trinity wallet.

The integration is vital due to the fact that it allows users to isolate their private account seeds from their devices such as smartphones and computers. As a result, the security is enhanced, and a chance of a third party gaining access to these accounts is reduced.

The collaboration will focus on security

Eric Larcheveque, Ledger’s CEO, stated that both IOTA and Ledger aim to provide their users with the security of the highest level. IOTA news that announced the collaboration between the two sparked development of a compatibility feature that would allow users to store, access, and manage their tokens on Ledger’s wallet.

The Ledger Nano S hardware wallet is created with an operating system called BOLOS. This is a system that is integrated into a secure chip. A lot of people are already familiar with this type of chip, as this exact one is used for passports, credit cards, and alike.

The final product is a platform resistant to tampering, and capable of providing a secure environment for data and various apps. Considering that hacking the secure chips is a very difficult process, devices are additionally secured. The fact that hardware wallets are usually used as cold wallets increases the security level even more, and this is what has allowed Ledger to develop such an excellent reputation as a strong, secure wallet in the first place.

IOTA’s co-founder, David Sonstebo, also commented that the team is excited to work with Ledger, but also proud of the community that has made the collaboration possible.

Ledger started off in 2014 as a security and infrastructure solution for blockchain and crypto. Since then, it had groundbreaking solutions that allowed it to rise up to the position of this industry leader. It has headquarters in San Francisco and Paris, and it employs over 200 professional developers and experts for various products and services.

The IOTA news that announced MIOTA being supported by Ledger came only a few weeks after Ledger adopted two other coins — Waves and EOS. In addition, Ledger also works on expanding its Ledger Live app, which is available on Linux, Windows, and Mac, and it serves as an all-in-one app for its users.

As for IOTA, the coin has yet to show any serious price jump caused by the new development. At the time of writing, IOTA is trading in red (by a fraction), with a price of $0.5029 per coin, and a 0.75% decrease in the last 24 hours. IOTA has made significant progress in 2018 when it comes to entering various collaborations. While the newest one is with Ledger, the biggest ones include different car makers who plan to use IOTA’s network for connecting new vehicles via the blockchain technology.

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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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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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