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Stellar (XLM): The Big Bull Is Coming

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Stellar
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The Stellar (XLM) blockchain is been loved by many enthusiasts for its simplicity and its mandate to provide cheap financial access, literacy and inclusion all over the world. The Mandate of the Stellar Development Foundation is to expand worldwide through the numerous partnerships and in turn further push its chief goal of providing the said low-cost financial services through the development and maintenance of technology across the globe.

One of its major partners has just done that. This partner is none other than IBM that currently runs 9 stellar nodes to settle international payments around the globe.

In this case, IBM has just won a lucrative 5-year contract with the Australian government worth AUD $1 Billion or the equivalent of $750 Million. The new deal aims at making Australia a top 3 digital government in the globe by 2025 through the investing in blockchain technology, quantum computing as well as artificial intelligence. All these sectors of technology will be in constant research and development to guarantee Australia makes it to the top rankings of global technology as well as maintaining that position.

The exact details of the partnership have not been revealed but the Stellar blockchain is bound to be part of the agreement. This brings some renewed hope to the Stellar project and coin. The Stellar blockchain and coin are ideal for running the back-end payment settlement for the various Australian government agencies during regular times of operations as well as during emergency services. The fact that the Stellar blockchain has many features, such as a timing aspect on its smart contracts for disbursing funds, makes it ideal for recurring payments for a government. XLM will be used to source instant liquidity in the transactions.

Another project that the Australian government can tap the Stellar blockchain through IBM, is the current plans of the said government to start delivering social security welfare payments to its citizens on the blockchain. As earlier mentioned, Stellar is ideal for timed payments as well as micropayments due to its low cost per transaction. XLM can be used for these transactions hence increasing the demand for the coin and eventually its price. No wonder XLM fans are expecting the price of the coin to increase in value by 350%.

All these services in Australia on the Stellar platform will be more enhanced due to the recent acquisition of the fintech company of Chain by the Stellar Foundation. The reason for doing this, and using XLM as a means of payment for the acquisition, is to tap into the experienced pool of developers at Chain.

Summing it up, the fact that IBM has won a government contract in Australia makes the use of the Stellar blockchain and XLM highly likely for some of the government services. IBM has even tapped Stellar to track carbon emissions. This means the blockchain is ready for the challenge ahead as well as the coin to have more utility hence boosting its price.

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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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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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