Connect with us

Blogs

NEO Coin News: Two New Tokens to Expand NEO Ecosystem

Published

on

NEO Coin News
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the global insights every crypto trader must have, apply for Elite membership!

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

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

Continue Reading

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

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 Background

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…

Continue Reading

Elite