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IOTA surges 39% in a week, leaving Tron and Monero in a fierce competition

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The price of IOTA increased drastically by 39% in the last seven days after Fujitsu – a Japanese IT tech giant partnered with it. Before that happened, IOTA, TRON (TRX), and Monero had decreased in value following a big market dip that hit most cryptocurrencies in the crypto sphere.

IOTA fell out of its position – moving to the 11th spot, while TRON had moved down further to the 13th spot. But Ethereum Classic moved up to the 10th position immediately.

Following the recent growth on Monday, the price of IOTA got corrected and it moved to its no. 10th spot; Monero to 11th spot; Tron moved back to its normal position (12th spot) after getting a 6% increase on Monday.

MIOTA’s Current Price

MIOTA is the main token of IOTA blockchain; it surged on Monday, but in the last 24 hours, alongside almost of other cryptocurrencies, it has dropped to $0.69. The thing worth noting is, the token reached a peak of $0.7.234 on Monday – which the highest peak price it has attained in the month of August.

It is important to know that MIOTA was trading at $0.52862 on Sunday night, but on Monday morning (10:30 UTC), it peaked at 18%. MIOTA has been increasing by considerable percentages lately. As it seems, IOTA is trying to recover from its slip in the first week of August (of course, last 24 hours have changed the game again a bit).

At the time of writing, MIOTA has a market cap of $1,943,543,650, placing it at the number 10th position in the cryptocurrency market today. Additionally, MIOTA’s trading volume has reached $$77,403,494 so far (even after a 6% drop in the last 24 hours).

Nevertheless, even though MIOTA seems to have recovered, it dropped more than 30% this month (August), thus, making it one of the worst-performing cryptos in the cryptocurrency market. For a coin formally trading near $0.400 on August 11th and $0.468 on August 22nd, MIOTA has increased by a good value. Although, its low prices at those times were due to the overall market performance – and according to a news report, the price manipulation on Bitfnex may have caused it also.

Technology Giants, Fujitsu, decides to back IOTA

Fujitsu, a company based in Japan, has decided to make use of IOTA as its “new protocol standard” for its new services.

Leopold Sternberg, a program manager at Fujitsu, stated:

Fujitsu is well-equipped to help roll out IOTA as the new protocol standard as we are experts in both IT services and the manufacturing of IT products. Product quality is a critical success factor for the Manufacturing Industry. Assembled products can consist of hundreds of components and their production is based on complex processes. For audit trails in industrial production environments and supply chains, IOTA provides a single source of truth.”

IOTA has been dedicated to making sure its currency stays top. Even though IOTA has gotten lots of collaborations with top companies in the world today, it has also dealt with little controversies of its own.

IOTA aims to move higher than its current position and recently, it released the beta version of its Trinity Wallet. Consequently, IOTA’s Trinity Wallet enables users to have more than one account and it is compatible with PC’s and mobile devices.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Rodion Kutsaev on Unsplash

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CoinFlip Scores Big with BRD Wallet Partnership

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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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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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