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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

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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