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Stellar Lumens Set to Host the First Token by IBM on the XLM Blockchain Network

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IBM
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Despite the bear trend in the cryptocurrency market, the world has been paying more attention to Blockchain technology with more acceptance of this revolutionary technology set to come to fruition in the near future. After all, the fact that it’s an open source technology has whetted the appetites of industry-leading entities that are looking for a technological solution to better their service delivery. In fact, there is a growing concern that with more adoption of Blockchain technology and cryptocurrencies from banks and governments, the original principle of decentralization will be a thing of the past as more of these institutions dominate the Blockchain space.

Introducing accountability in Carbon credits through Blockchain

Among the world leading entities that are looking to adopt Blockchain technology and cryptocurrencies is IBM. Reportedly, IBM has plans underway to issue its first ever cryptocurrency token on a public Blockchain.

The project to launch the new token is in partnership with Veridium Labs Ltd (a carbon credit startup) and will lead to the creation of the “Verde” token which will be hosted on Stellar’s Blockchain. The purpose of the token will be to give companies that cause pollutions an opportunity to offset their pollution effects by attaching carbon credits to the token such that companies can gain by supporting environmental conservation efforts on a patch of Indonesian rainforest.

IBM’s new solution to an old problem

Granted, there is nothing new about carbon credits, however, the token will provide a means of tracking every detail that will reveal the full extent of the pollution caused by each company. By this virtue, there will be a means of accountability with the funds used to replenish the environment.

According to Jared Klee (the newly appointed IBM token initiative manager), IBM is,

creating a fungible digital asset, a token which part of the goal is to create a market where people can buy, sell, trade and then redeem it for the underlying credits. By having a liquid market you open up a world of possibilities.

He also added that a vibrant market could be the eventual result of the project and a much larger audience would be involved. Thanks to a series of smart contracts on Stellar’s Blockchain the Verde Carbon credit token will be able to account for the entire process of a company’s carbon emissions, therefore, allowing for a convenient and efficient way of offsetting pollution.

This new move by IBM will be the first ever public involvement by IBM in the token issuance space on a public network.

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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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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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