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 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 AG are now looking to prove the seriousness and honesty of their business model. The executives of both enterprises provided us with authentic documents, which confirm that the estimated resource deposits of the KaratGold held gold mine “Fort Dauphin” include several tons of precious metals and minerals, such as gold, silver and uranium.
According to received documents, Fort Dauphin is located in the South East city of Madagascar Tolagnaro, while the documents confirm that TSARAVITANA mining co., which is the current holder of the required operation licences for the area, grants the German company GSB Gold Standard Banking Corporation AG, and the Singapore-based KARAT GOLD corporation PTE. LTD full access to the mine and its surrounding area. This process was achieved in collaboration with Madagascar-based company TSARAVITANA mining co., which acts as a government-approved licensee for the area of the mine.
The document linked above further proofs that the area of Fort Dauphin holds even more precious resources than originally assumed during the ICO phase.
Aside from that, both companies are further securing their market leading position by launching several other projects in the blockchain space. For instance, KaratGold introduced the world’s first voice-over-blockchain smartphone IMpulse K1, the blockchain-powered payment solution K-Merchant, the hybrid cryptocurrency and exchange platform KaratBit, as well as several other blockchain solutions linked to gold.
Moreover, the plagiarism allegations against KaratCoin Bank Coin (KCB) and KaratGold Coin (KBC) continue to dissolve. Further documents provided by the management include a signed letter of the district attorney’s office of Stuttgart, which states that the investigations against a former collaborator are ongoing.
Karatbars Chairman of the Board Josip Heit and CEO Harald Seiz validated that the company stays on track with its upcoming plans for the company’s ecosystem. A quick look into reputable media outlets shows that this is not an individual opinion, since blockchain specialists from the prominent business magazine Forbes recently mentioned KaratGold Coin to be among the most interesting blockchain companies to watch in 2019.
It’s really a shame when promising projects get dragged down by unnecessary FUD. Unfortunately, this happens a lot in cryptocurrency through various publishing and social media platforms. This only further scores the importance of doing one’s own due diligence before making any trading decisions. Fortunately, KaratGold continues to prove its business by meeting all its goals and providing the necessary information when questioned. With blockchain and distributed ledger technology reaching mainstream interest, I am keeping a close eye on KaratGold’s next moves.
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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.
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
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.
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,…
CoinFlip Scores Big with BRD Wallet Partnership
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…
Can Libra help the crypto industry to reach new heights?
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…