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IOTA News: IOTA Withdrawals Now Possible on Bitpanda

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IOTA News
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A new move by Bitpanda will now allow users to make IOTA withdrawals and deposits.

IOTA withdrawals and deposits are now possible on Bitpanda

Bitpanda’s new decision to add IOTA (MIOTA) now allows full withdrawal and deposit functionality. The platform’s decision to include IOTA in its portfolio dates back to June of this year.

However, back then, IOTA was only available within the exchange service’s inner wallet. Now, IOTA news claims that users will be allowed to move their tokens, or withdraw them entirely.

Bitpanda’s recent blog post states that the company is pleased with making this move. Additionally, they used the same blog post to announce their support for IOTA Hub — the project’s latest tech.

IOTA Hub is an exceptional new environment that allows developers to communicate with IOTA protocol in a more efficient way. Bitpanda managed to set it up with the help of IOTA’s own engineering team.

IOTA Foundation’s head engineer, Edward Greve, commented on the partnership by praising the Bitpanda team. He stated that the team is quick and professional and that very little support was needed actually to set up the IOTA Hub. This also means that the Hub itself is easy to understand and use.

While this IOTA news represents a big move for the project, Bitpanda is still only the second exchange to start using IOTA Hub. The first one to integrate it was Upbit, which is already running it.

The part of IOTA community on Reddit was more than curious regarding the implications of the integration. Especially since Bitpanda is still a relatively small exchange, especially when compared to others that are supporting IOTA.

IOTA Hub will make MIOTA easier to use

IOTA is known for being more difficult to use than most other digital assets. It especially poses an issue when it comes to new investors. While some believed that Trinity wallet’s launch might make things easier, this doesn’t seem to be the case. Still, the network’s main goal is to serve the IoT, which is one of the areas where IOTA has had a significant amount of success.

As for Bitpanda, this move seems to be only a beginning for IOTA Hub integration. IOTA expects that many other exchanges will be drawn to their new technology as well, in due time.

If this happens, it will likely drive IOTA volumes up by a significant amount. Using the Hub will likely make dealing with IOTA significantly easier than it was so far, which will also attract additional investors to the coin.

IOTA already has a massive use case, which has helped it grow already. Its growth has also given other exchanges a real incentive for listing the coin on their platforms. Apart from making partnerships with some of the largest carmakers, IOTA also seems to be ready to enter the insurance industry. With each new step, IOTA demands will increase, and some exchanges have already recognized its potential.

Additionally, with each IOTA news that features a new exchange listing, IOTA is getting closer to being considered, and maybe even actually added on the largest exchanges. Coinbase, for example, is the dream for every cryptocurrency out there, and if IOTA gets listed on it, its value would likely go up by several hundred percents.

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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.

Image courtesy of Lazare/Pixabay

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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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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coins
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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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