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IOTA: Partnering up with Volkswagen

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IOTA
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After a pretty rough patch that all major cryptocurrencies went through, IOTA, along with some other currencies, is slowly recovering from the devastating drops. With the new partnerships on the rise, Iota is looking forward to a bright future, slowly starting to deal in green again, although far from its all-time high. Let’s see what Iota has been up to these days.

IOTA and the New Partnership

It seems that the series of bad news about Iota didn’t affect the progress of their development team as they have managed to seal another great partnership. This time they have sealed the deal with Volkswagen.

The two have managed to connect at the Connected World conference where they discussed the future of decentralized platforms and smart cars. The reason for sealing the deal with Iota is the fact that the Volkswagen team believes that the future of smart cars might lie within the technological possibilities of decentralized blockchain-based platforms.

The fact that more and more companies and institutions are getting into partnerships with cryptocurrency projects, actually tells a lot about the influence digital values are set for years now. The partnership talk started out in January 2018 when it was finally concluded a couple of days ago, with the Volkswagen’s CDO being chosen as a part of Iota Foundation supervision board.

This concluded the partnership between Iota foundation and Volkswagen. It is expected that Iota will now start to slowly recover from the latest drops, looking forward to establishing a strong partnership with Volkswagen and their CDO.

How is IOTA doing at the Current Moment?

After a rough week that brought fall in price to many different tokens and coins, finally on February 25th, Iota started to recover. This currency was trading in green during the mentioned time with a new rise that brought the price up.

But, just when everything seemed to be “getting back to normal” for this coin, there was the latest change in price that wasn’t viewed upon with approval. The latest change in Iota’s price made its value drop for -4.62% against the dollar, although this currency traded at a raised price at over 5% up against the dollar.

The current price Iota is being traded under, is 1.83$ per one unit, while the previous price was a bit over 2$ per one unit. This coin is still holding onto the 10th place on the global coin ranking list, so it is expected to see at least a minor improvement in its price. IOTA is looking at another raise that occurred in the last 24 hours on the first day of March.

It seems that March started off on the right foot for Iota as this currency is now dealing at 1.97$ per one unit, after a rise of 2.74% against the dollar. In case Iota continues to grow at the current pace, it is no doubt that this coin could soon regain its previous all-time high price.

For everyone interested in investing in this currency, the right time for investing might be now as this currency is trading at a very affordable price.

We will be updating our subscribers as soon as we know more. For the latest updates on IOTA, sign up below!

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.

Image courtesy of Spanish Coches via Flickr

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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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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