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NEO Coin News: Two New Tokens to Expand NEO Ecosystem

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NEO Coin News
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NGD (NEO Global Development) has released a monthly report for September on October 1st. The monthly reports are designed to inform NEO’s community regarding new events, progress, and development regarding the project.

Five NEO coin news in September

According to NGD’s report, NEO has had five noteworthy events in September. The first one includes the release of NEO-CLI v2.9.0. This is a full node program which represents NEO’s first client that allows the use of the actor model. I

ts refactored code is seen as a method of ‘setting the stage’ for block times with more stability. It is also expected to bring additional performance-based benefits for the entire blockchain.

The second NEO coin news of note in September includes the creation of two assets — CGAS and CNEO. These assets are expected to allow developers to transact GAS and NEO equivalents via smart contracts.

Next, NEO Global Development also launched its own bounty program. With an increase in a number of hacking incidents in the entire crypto world throughout the year, it is easy to see why NEO wants improved security for its blockchain. NGD promised rewards for flaws, with the size of a reward depending on the severity of uncovered flaws.

The fourth NEO coin news includes a competition for creative design of NEO website and icon. The contest is still on-going, and it will remain so for ten more days, ending on October 14. The prize for winning the contest is $30,000.

Finally, the last big event in September includes nine additional team members that NGD hired upon announcing job openings. Even though NGD already hired these nine individuals, it remains on the lookout for new talents, according to their recent announcement.

The report also mentions additional development, which includes a Swisscom consensus node that was added for NEO TestNet.

Past events regarding NEO community

NEO is a busy blockchain, with a lot of community events. These include hackathons, workshops, worldwide meetups, conferences, and alike. NGD participated directly in thirteen of these events during last month. The events were held in numerous countries, including Georgia, Singapore, China, Korea, Japan, Uruguay, and Malaysia.

Future events regarding NEO community

While NEO has had quite a lot of community events throughout September, even more of them are scheduled to occur in the following weeks.

One of them is the European hackathon tour, which is scheduled to begin on October 20th. The tour will start in Rotterdam and Delft, and from there, it is set to go to Berlin (October 26 and 27), and then Zurich (November 3 and 4).

Participants will receive a total of 4,050 GAS and 1,500 NEO in prizes. The prizes will be shared across three events during the tour.

On October 26, Berlin will also host NEO Meetup. Additionally, NEO has scheduled the fifth ‘Blockchain Open Course’, which is expected to be held on October 20th in Shanghai, China.

Those interested in reading the full NGD monthly report can do it by clicking HERE.

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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.

Image courtesy of Picman2/Pixabay

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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