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NEM (XEM) Gears up for an Upswing with Exciting Partnerships - Global Coin Report
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NEM (XEM) Gears up for an Upswing with Exciting Partnerships

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NEM
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With the crypto market touching $400 billion this year, the market has experienced a boom in the third generation decentralized applications (Dapps). Blockchain technology, which has made remarkable advancements over the past few months, has moved beyond Bitcoin and Ethereum. As the rival currencies soar in numbers, altcoins like NEM are renewing investors’ interest in the blockchain.

Functional since March 2015, NEM has recorded a steady progress. When compared to its peers, NEM’s performance has been consistent for the most part of the year. While big names like Bitcoin and Ethereum are the most vied-after investment options, they are frequently criticised for their security breaches, price volatility, and high transaction fees. Supported by top-notch security protocols and its unique Proof of Importance (POI) algorithm, NEM has cemented its place in the mainstream crypto space. The following segments explore the latest developments on the blockchain, which include some game-changing partnerships.

Multiversum Announces Partnership NEM and ProximaX

As a dynamic blockchain platform, NEM has made some interesting upgrades in the system, drawing thousands of investors around the globe. The blockchain, which released SDK Version 0.9.3 to support NodeJS 10, has announced XPOS implementation. Besides these upgrades, the blockchain network has anchored its position in the community with some influential partnerships.

Right after the New York Consensus in May, a partnership between Multiversum, NEM, and ProximaX was announced. As per the agreement signed by the founders of the three projects, the partnership aims to integrate Multiversum’s decentralized relational database with the NEM and ProximaX. Speaking of the prospects of the partnership, the Multiversum founder Andrea Taini observed, “Our vision is to develop together a set of tools to be integrated into a sort of Decentralized Operation System. A system that would meet every decentralized application needs. Multiversum provides a decentralized DataBase to secure data in the blockchain, ProximaX from its side provides a decentralized space system to store secure files and managing data streams, and lastly, NEM assists this integration with several tools, representing the engine of the decentralization. Thus, a perfect conjunction of knowledge and capability.”

NEM Ties up With BitPrime 

Among the more recent announcements, NEM’s partnership with BitPrime has become the talking point in the crypto space. According to the update released on medium, the Christchurch-based BitPrime platform will work with NEM Foundation to create a more secure and compliant digital platform to the New Zealand- based residents, enabling them to execute faster transactions with NEM tokens.

Recognised as one of the top retailer platforms, BitPrime is a trusted New Zealand-based platform, specializing in more than 50 cryptocurrencies. With both the teams making the partnership official, there will be a launch event in June to auspicate the partnership through an XEM airdrop and other important incentives. Regarding the announcement of the partnership, NEM’s expansion Director for Australia and New Zealand, Jason Lee reported, “Firms like BitPrime are a key part of the blockchain and cryptocurrency ecosystem. This partnership will signify a big win for both parties because of the shared commitment to help ordinary members of the public and enterprises to understand and trade cryptocurrency”.

Other Developments

The new partnerships, which are meant to bolster NEM’s global reach, mark the beginning of a new phase for the blockchain. The altcoin, which is on the rise, has made many other notable upgrades within its network. Tracing the developments on the blockchain, the tie-up between Tutellus, NEM, and Cryptonomos has created waves in the market. Besides this, other exciting developments, such as FreeMarket’s decision to utilize NEM Blockchain to solve volatility in smart contracts, created fresh interest in the blockchain.

Final Thoughts

As evident from the price charts, NEM has recorded a steady downtrend with occasional highs. Considering the general price trends of the major currencies, the downtrend can be interpreted as a temporary volatile phase. Going by the price movements, the coin dropped -$0.0183 or -7.07 on June 5. The coin, which ranks 15th by market capitalization, is available for trading at $0.250760 USD at the time of writing. Besides, the coin is making a great momentum with new development updates, and the enthusiasm is translated into a positive market response. Speaking in terms of numbers, the coin has moved up by 3.29% from its earlier position. With a market capitalization of $2,256,840,000 USD, NEM (XEM) anticipates making a fresh comeback in the market, while preparing for a massive bull run.

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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.

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VOLUM uncorks its track and trace platform for global alcoholic beverage producer ISBG

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VOLUM onboards global wine and spirits producer, ISBG, to simplify its supply chain process with a track-and-trace platform that digitizes and reduces traditional paperwork

 

ESTONIA — March 2019 — VOLUM, the blockchain ecosystem for enterprises, is announcing that ISBG, a global producer of alcoholic beverages incubator, is partnering with VOLUM to implement its platform into its sales and distribution process. The VOLUM platform digitizes and simplifies both traditional paperwork and the supply chain process, using its operational smart contracts.

 

A supply chain can be a difficult process to track and trace. A comprehensive system of organizations, activities, information, and resources have to be accounted for, not to mention the overwhelming amount of paperwork. So, what’s a large corporation to do, if it truly wants to accelerate its supply chain while cutting back on paper waste? VOLUM has developed a blockchain framework that allows enterprises to convert traditional paperwork into a digital process while safeguarding all transactions and steps within a company’s supply chain.

 

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Blockchain-Focused ETF Arrives on London Stock Exchange

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blockchain-focused ETFs
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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Jeff Bezos
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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

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