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EOS (EOS) Coin Story, News/Development and Future Price Prediction

EOS Story – Investment and Support Choice

It all started with a $4 billion raised offering that the developers behind the platform – Block.one initiated. The fifth largest cryptocurrency per time of writing by market capitalization very often is the center of the very bitcoin-centric cryptoverse ecosystem with news and development flushing in.

Long before the cryptocurrency phenomenon spread like wildfire, Peter Thiel was already famous for his investment picks. His $500,000 angel investment in Facebook turned into a post-IPO fortune, and he has had a hand in big names like SpaceX, AirBnB. Afterwards a major support from Mr. Thiel went towards the above mentioned platform.

His latest allocation and shift to EOS could reflect a serious directional change in strategy, and investors should take note. With a promise to build a better, more scalable protocol for blockchain, EOS is showcasing real competition for the contenders.

Recent Development and News

EOS has retained its top spot in the latest ranking of public blockchain projects released by the Chinese government. This latest ranking is the fourth since the index debuted at the end of May 2018.

For the third month in a row, EOS has maintained its number one spot atop the ranking. The delegated proof-of-stake (DPoS) blockchain project edged out Ethereum after the first rankings were released to gain the top spot since June 2018. Apart from topping the charts, EOS also occupied the top place in Technology index.

EOS Platform Rating

Underneath the news of Bitcoin ETFsRipple lawsuits [at its time] and Stellar being listed on Coinbase, EOS is slowly but surely attracting DApps (decentralized Applications) that were initially on the Ethereum platform as well as changing the minds of any that were planning to develop on ETH.

In a tweet a few hours ago, @MeetDotOne – an EOS-centric twitter handle and page – brought to our attention the list of DApps now available on the EOS platform. The tweet was as follows:

Future Forecast/Prediction

For the moment, the pair EOS/USD is experiencing the highest gain in the last 24-hours for the top 10 coins. With that, the token is battling supported by the bulls to stay above the major $5.00 as it is trading $5.03 per time of writing. However, bears are having their saying for the most part so lets wait to see the near term out-come which is very depended from this moment now.

The EOS token has already delivered 10x profits since its ICO and is expected to grow significantly as the development continues. If you are looking for a solid blockchain project to invest, EOS can definitely be an excellent choice.

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IOTA (MIOTA) Coin Story, Latest News/Development and Future Price Prediction

In the-almost last decade, block tech is attempted to overcome issues that mostly involves the financial industry. With that, it now provides P2P transactions fast without the inclusion of a third party dealing with major existing problems.

With that in mind, we instantly know that the transactions processes will be done at lower fees with almost equal to no digital-geographical borders. Accordingly, likewise in different tech related industries, there are systems competing with each other. One that is standing out by technology advancement is IOTA.

IOTA Coin Story and System

First things first, IOTA joined the crypto-world in 2015 with the work of David Sønstebø, Dominik Schiener, Dr. Serguei Popov and Sergey Ivancheglo who still are running the show in the most important parts of IOTA’s team.

Despite the fact that the concept and idea of blockchain in general is loved and much welcomed as it sums almost all up what the cryptocurrency ecosystem is made of – IOTA, like no-other, introduced a coin that is not utilizing blockchain tech to function.

It is designed to run on a network called Tangle by Dr. Serguei Popov, which brought to us a way to fix almost all existing issues that digital currencies of the first and second generation are facing. Various benefits are packed in the Tangle-package that has been delivered, like: very fast transactions, no limit to scaling, no-fees and secure data/info transfer.

For the system to function properly, there is no need for miners to complete transactions. The network is planned in that way that every time a new transaction is issued, it is confirmed by the next one as the present one confirms two prior itself being requested. Accordingly, the system-network Tangle can handle infinite amount of transactions at zero-cost.

Latest

Finding ways to implement the above system in real-world events and cases would be very efficient. It is almost immune to attacks even those run by quantum computers. That has made many giants like Audi ThinkTank choose IOTA and test it.

Caught on surprise yet very welcoming, At the CEBIT 2018 Expo Germany, Volkswagen presented its joined forces with the IoT focused platform and vehicle manufacturer to demonstrate a PoC on how IOTA network can be used.

The future of the Internet of Things seems to be on the way to global adoption. On June 9th, Johann Jungwirth, Chief Digital Officer (CDO) of Volkswagen Group published a tweet confirming the progress in the implementation of IOTA for the automotive industry:

In the terms of developing and exploring the Internet of Things, IOTA has recently partnered up with Norway’s biggest bank. The mentioned bank is called DNB ASA and it represents the largest banking service in Norway while it also represents one of the largest banks in the mentioned area.

“As Internet of Things (IoT) and Machine to Machine (M2M) communication and payment for microservices seem to escalate in the future, we think engaging in a Distributed Ledger based technology like IOTA gives us valuable experience and know-how on future revenue streams and business models. We are looking forward to dive into the IOTA space.” – Lasse Meholm, Head of Distributed Ledger Technology at DNB

Future Development

Looking at the above mentioned events, it does automatically give you a feeling that for the developments to impact the price and be really implemented it will take quite some time. Which is why if similar-to the previous year bulls return in ’18, the pairs MIOTA/USD could reach the potential $11.00.

The volatility in the cryptocurrency is on the side, if you’re willing to hold the cryptocurrency for a longer period of time, it will indeed become easier for you to have some beneficial returns. Also, in the current downturn, it is able to stabilize much quicker as compared to some of the other cryptocurrencies.

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TRON (TRX) Platform Continues to Grow its Crypto-Ecosystem Liveliness

Despite that the transaction count is still down, TRON (TRX) blockchain is moving upwards. With exchanges opening wallets the transactions per day are moving around 10,000. Still, it is much lower than similar contestants like the second in lead by market cap that counts 500,000.

TRON

Bittrex [Bittrex Exchange] has announced on July 12, 2018 that the TRON blockchain upgrade has been completed on the Main Network.

Proportionally, TRON’s platform has named its six Super Representatives that verifying the network. And more candidates are entering the scene to be elected.

One of the candidates running for a chair is Antpool. It is among the largest BTC mining pools that are connected to the ASIC producer.

However, the most likely to take a place is Skypeople with over 250 mil tokens in voting. Accordingly with the team’s roadmap, during the Guardian Phase – Guardian Representatives are named by the team who secure the network.

The Tron (TRX) Competition proudly organized by Binance has come to an end today. At the end of the competition, 31 TRX traders’ accounts were compensated.

Special Prize of 2,000,000 TRX was awarded to a single account who was the top trader, while 10 accounts won 200,000 TRX each, and 20 accounts won 50,000 TRX.

“The TRX Competition has now concluded. All TRX prizes have now been distributed to the winners’ accounts. You will be able to check the distribution record in User Center>Distribution History.”

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Saudi Arabia Partners with IBM to Use Blockchain for Better Government Services

The government of Saudi Arabia remains steadfast in its determination to rely on Distributed Ledger Technologies to strengthen the progress of its economy. On July 11, 2018, the ITP news portal reported that the municipality of Riyadh had partnered with IBM to implement a series of blockchain technologies in various administrative and economic areas.

This decision is based on the Saudi Vision 2030 program; a long-term development program that seeks to diversify the economy and promote the integral development of the nation.

One of the premises of the Saudi Vision 2030 program is the promotion of alternative industries to oil as a strategy to increase GDP and avoid the risks associated with high dependence on a market as volatile as the petroleum segment. To this end, a series of planned investments are proposed in sectors such as infrastructure, healthcare, tourism, education, as well as military spending and manufacturing.

Saudi Arabia Supports Local Industries

In addition to IBM, the Riyadh government will work with Elm, a local company that will be responsible for integrating the technology developed by IBM into the governmental system as a subsequent phase of IBM’s work.

Speaking with ITP Dr. Abdulrahman Al Jadhai, Chief Executive Officer of Elm said:

“We are proud of the partnership that will significantly enhance the methods and procedures of the services provided by the Municipality… The expertise of Elm will contribute to enriching customer experience, to build the best solutions for both public and private sectors and to contribute to the transformation towards an e-Government model, in line with the Saudi Vision 2030”.

AbdulRahman AlJadhai

Tarek Zarg El Aioun, Country General Manager, IBM Saudi Arabi also expressed the company’s enthusiasm and optimism about the challenge of creating blockchain solutions for major projects such as the one presented by the municipality of Riyadh

“Through the collaboration between Riyadh Municipality, Elm and IBM, we will be able to help the Saudi government reimagine and transform the way in which services are provided to citizens, residents, businesses, and visitors. It is a strategic step towards supporting the objectives of Saudi Arabia’s Vision 2030.”

Tarek zarg el aioun

A Blockchain Pioneer Country

The government of Saudi Arabia is one of the most dynamic and confident countries regarding using blockchains to promote its development. Unlike other states, several projects are already in the implementation phase:

During May, the Saudi Arabian government held a “Blockchain Bootcamp” to promote the creation of
dapps and Ethereum-based smart contracts to create a better digital environment for public policy enforcement.

However, perhaps the most promising and far-reaching adoption has been the alliance between the Saudi Arabian Monetary Authority (SAMA) and Ripple to make use of their platform as an international payment facilitator via xCurrent, challenging SWIFT’s presence as the ultimate solution for this type of transaction.

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Golden Opportunity to Invest in NEO as Predictions are Record Like

The bears have the clear saying above all in the second week of the 7th month of 2018. This Tuesday the red declining trend has taken the market as a whole. For some that are on the short term trading this might mean loss, but other that are longer in the game could find the movement as the best buying opportunity. Especially some altcoins that are taking heavy steps towards development.

NEO Opportunity to Step In

With the first half of the year gone, the crypto-verse both infrastructure and price wise has seen some drastic improvements and changes. Each team is trying their best to showcase their work potential.

See: Ethereum (ETH) Going Higher Security with the New Vyper Language Introduced

That is why in our opinion this time around could be the best to step in before the second part of the year hits hard. As the lead token BTC changed hands from $20,000 to $5,800 just a couple of days ago against the US Dollar, so did many altcoins drop.

During the bull run of late last year and early this year, NEO had peaked at levels of $187 on January 16th. The coin would continue holding its own against an ever dropping Bitcoin and also have a value of $144 in late February as the rest of the market was spiraling out of control. It bottomed at $27.00 seven days ago. However, with the potential seen last year, the rest of 2018 could be filled with new possibilities.

On July 4th, the platform commenced the election of a City of Zion consensus node into the NEO MainNetwork. The event has been named as the decentralization of its blockchain network.

City of Zion are an independent group made of translators, designers and developers with a global reach that have teamed up to back up NEO core and the network as a total.

For six months did the City of Zion ran on the network until it was made ready for election. According to the roadmap, the other ones are set for the end of 2018 to enter election:

  • First Concensus node – KPN – leading telecom firm in the Netherlands with 33 mil mobile subscribers in Germany, France, Netherlands and Spain;
  • Second Consensus node – In an announcement on the 5th of May, the NewEconoLabs (NEL) announced a partnership between NEO Global Capital (NGC) and Fenbushi Capital for Neo’s Name Service Project (NNS).

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NEO Price Catapults as its Network Decentralization Commences

It is a beautiful start of the day for any NEO crypto-enthusiast as its 24-hourly gain is shining green with 10.85%. The 11th largest cryptocurrency by market capitalization on July 7th has reached the level of $40.00 again, leading the BTC market by 8.84%.

Source: coinmarketcap

This morning price reversing could be the result of with the election of a City of Zion consensus node into the NEO MainNetwork. The event has been named as the decentralization of its blockchain network. To have it clear, the above mentioned City of Zion are an independent group made of translators, designers and developers with a global reach that have teamed up to back up NEO core and the network as a total.

Parallel with other consensus nodes that are running on the TestNet for a longer time now, the City of Zion did its job smoothly for half a year getting ready for the election. According to the roadmap, the other ones are set for the end of 2018 to enter election.

Two of the independent nodes are hosted by:

  • KPN – leading telecom firm in the Netherlands with 33 mil mobile subscribers in Germany, France, Netherlands and Spain; 6.3 mil fixed-connected telephone clients. Its target to host the node was announced in the first NEO gathering held in Amsterdam.
  • In an announcement on the 5th of May, the NewEconoLabs (NEL) announced a partnership between NEO Global Capital (NGC) and Fenbushi Capital for Neo’s Name Service Project (NNS). With respect to Fenbushi Capital, the firm was established in 2015 and is also a Venture Capital entity with a reputation for investing heavily in Blockchain projects.

Founder of NEO – Da Hongfei:

“We have to be very careful with decentralization of the consensus nodes, because the protocol of NEO is evolving very fast. We need those consensus nodes to act very quickly to upgrade, and if there is a bug or a security issue, we need them to respond very quickly. So we’re doing the decentralization process slowly, gradually and very carefully.”

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Mastercard is Investing Heavily in Blockchain

Mastercard keeps searching for ways to provide a better service, trusting in the blockchain to reach this goal.

The use of blockchain technology may provide a solution to transcend payment systems towards a more globalized and faster environment.

The rising number of fintechs and blockchain companies around the world is an important sign of the imperative needs to innovate on a market as complex and critical as the financial one.

With a large number of patents embracing Distributed Ledger Technologies, Mastercard relies on blockchain as a powerful business tool.

One of the most critical applications of blockchain technologies is identity verification systems. In an application published by USPTO it is easy to see that Mastercard seeks to combat false identities through a blockchain system that verifies information much eficiently and faster while avoiding irregularities.

The use of a blockchain for the storage of identity and credential data may provide for an immutable storage of such data that can provide an accurate verification thereof and also prevent the fabrication of such data.

The other important aspect in which its executive team has focused on is – obviously – the consolidation and processing of payments.

For this, sources close to the company had assured that they are studying the possibility of using a blockchain to facilitate interbank payments.

During 2017 the Mastercard team began experimenting with the Ripple network to process payments. The experience was satisfactory.

However, given the importance of this famous company, the margin of error must be close to zero. Perhaps this extreme caution is the main obstacle to using blockchain in transactions within the Mastercard platform.

It is also important to note that Mastercard recently started a recruitment process to create a section dedicated exclusively to the development of blockchain technologies.

Mastercard Has Competition

Mastercard is not the only company that has been enthusiastic about the use of DLTs to enhance the industry. VISA; its biggest competitor, has also made some progress in this area.

On late 2017, Visa announced a B2B solution that used Blockchain Technologies to improve efficiency and transparency on cross-border payments.

Courtesy: Visa

In an interview for Bloomberg, VISA’s CFO, Vasant Prabhu mentioned that VISA was “very excited” about Blockchain Technologies.

However, it is important to note that when it comes to cryptocurrencies, Mr. Prabhu’s opinion is completely the opposite:

Every crook and every dirty politician in the world, I bet, is in cryptocurrency.

Vasant Prabhu

A big number of criptocurrency-backed credit cards and exchanges used to rely on the Visa platform; however, Visa and Mastercard have used several tactics to discourage their clients to do so.

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NEO (NEO) Price Hoisted by the Bulls to 15% Gain: The Smart Economy

NEO or formerly known as Antshares is outstanding today in the cryptocurrency market with an increase of 14.91 percent in the last 24-hours which resulted with the price reaching above the major $50.00 for the second time this month.

NEO Value

Source: coinmarketcap

The price is battling to balance out above the $54-$50 mark buyers and sellers to create a new trading ground which is why staying on the lookout for that specific area if it holds will be recommended.

Most people may recall NEO is the new name for AntShares, a cryptocurrency project launched in 2014. Although the team has remained largely the same, the rebranding has elevated the coin’s value to new heights. As such, the current goal is to establish a smart economy using blockchain technology and cryptocurrency.

The project targets to make ownership of non-digital assets more verifiable, connected in general and more transparent:

-Digitizing, “real-world assets… enabling registration, depository, transfer, trading, clearing and settlement via a peer-to-peer network.” – based on the whitepaper.

Which means that the ownership of assets like vehicles, houses or any physical possessions willo be recorded on the blockchain in which case the ownership is given the opportunity to be connected to digital identities through smart contracts.

“NEO is an open network for a smart economy so it’s not just a platform for smart contracts. We’re aiming to serve the future smart economy, which we define as a digitized, programmable and trustless economy.” – Founder of NEO, Da Hongfei

The official monthly development report was released by the NEO council in which very highlighted was the Development Competition that was run in conjunction with Microsoft. In the data of the report it is noted out that around 500 projects were showcased, from which 50 were cleared at first check.

During the first-ever NEO Hackathon, the NEOspace project claimed first prize. The NEOspace project was a Smart Contract aimed at leasing office space to users but based on how much time one needed the space.

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Stellar Lumens [XLM] Growing its Partnership List as Confidence Raises

While the market is still under heavy sell-off and speedy buy-in, it is better than ever before to see positive news reach the community. With Bitcoin yesterday reversing in the green gaining zone, almost all cryptos followed the leader and attempted to re-establish the recovery path.

Since its lowest dip [March 15] $7,783, the pair BTC/USD has recovered around $300 reaching just above the major $8,000. As many analysts suggest, Bitcoin price affects all the other coins favorably and adversely – concluding with the very alike pattern.

BTC Invest

Source: coinmarketcap

A brand new report from Congress called 2017 “the Year of Cryptocurrencies” and calls for lawmakers and industry stakeholders to cooperate on the technology’s use. The 2018 Joint Economic Report, an assessment of the nation’s economic status and recommendations for the upcoming year, included an entire section dedicated to cryptocurrencies and blockchain technology. This is the first time the blockchain technology was mentioned in such a substantial way in the annual publication.

Riding the same positive news-wave, similar to Ripple who signed down partnerships with giants like the Japan Bank of Consortium, MoneyTap mobile, BBVA Compass and many more, Stellar connected close to IBM, KlickEx, LeFinance, Flutter Wave, ICICI Bank and Keybase.

Even that the market is not looking good for months now, the ground-creating development for the crypto-uses that the platform can find is not stopping and as it seems more events and movements will come this year. Additionally to that, a bright side is the community confidence in the coins as highlighted out below:

“If Stellar can partner with such big firms, I can see much growth in it. XLM has been constantly avoiding bearish zones, trying to get out of this whole resistance area nonsense. I can see so many coins struggle to get out of those. Only XLM has been doing its job right!” – Monish Mehra, Amazon employee

“No matter the FUDs, Stellar will fly to the moon! It is for sure.” – freelance coder.

Very worth to mention is the announcement that Ripple has made. With the purpose of increasing the use case for its XRP digital currency, Ripple has reported its idea of investing in startups. Ripple CEO – Brad Garlinghouse added:

“We, Ripple, would stay focused on solving that institutional use case, but we would certainly partner with companies that are looking to use XRP in lots of different ways.”

Ripple’s intention is to create closer relations with banks and financial institutions, by creating and developing digital currencies and transaction platforms that could be used by the ones mentioned above.

As noted out above, both the community and the teams behind the cryptocurrencies are flying the same flag of a better future for the technology and its development. Which is why, once the declining market trend ends – bullish setting will run again and it could be better than ever before.

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Tax-Free For Cryptocurrency Users: Germany

Peter Altmaier – Ministry of Finance [Germany] stated out that individuals that complete payments with the use of digital currencies will not be taxed. The news and shared information is very welcoming and warming coming form Germany in a time when several other countries are taking a much stricter approach towards cryptocurrencies.

The internal Revenue Service – In the United States do put down the leader – Bitcoin and following coins as property for tax purposes in which case any transaction of the digital currencies could be set on sale-of-property status making it subject to capital gains tax.

While in Germany, using a cryptocurrencies for purchasing services or goods of any form, the coin which the individual used is considered as a means of paying. The Bunderministerium der Finanzen followed a 2015 European Union Court of Justice ruling on value added taxes. The court ruling sets a precedent for EU nations. They are able to tax bitcoin but providing exemptions for certain type of transaction.

“Virtual currencies (cryptocurrencies, e.g., Bitcoin) become the equivalent to legal means of payment, insofar as these so-called virtual currencies of those involved in the transaction as an alternative contractual and immediate means of payment have been accepted.”

An article of the EU’s VAT Directive will add to the value of the token for a certain coin when the transfer is completed in the event of an individuals purchasing anything with BTC or any altcoin.

In the case when traditional fiat currency is converted to crypto or crypto to fiat, the transaction is names as a supply of services which concludes with the individual [party] taking place as an intermediary for the trading platform [exchange] is not put under tax – going and according to EU ruling.

And as an addition to all the above, the good crypto-miners that accept block rewards are also not to be taxed. Based on the document, the work and service that they deliver is voluntary. However, Crypto exchanges that are operating as a marketplace will be taxed and these who sell or buy cryptocurrencies in their own name will be exempted from taxes.