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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

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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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