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Newsflash: IOTA Tangle-use, Ripple adaptation, Trezor Update and Bitcoin Bullrun

Newsflash: IOTA Tangle-use, Ripple adaptation, Trezor Update and Bitcoin Bullrun

Home News Newsflash: IOTA Tangle-use, Ripple adaptation, Trezor Update and Bitcoin Bullrun

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Marcel Knobloch –
09.11.2018

The IOTA Tangle has great potential, its opportunities of the industry are increasingly recognised. Also, the decentralized farzeug data platform carVertical has released a new Video that the latest strategies for the implementation of the IOTA shows Tangles (freely translated):

An OBD device (On-Board diagnostics) collects data from your vehicle and sends this data to the IOTA-Tangle. If your vehicle is moving, it constantly checks by GPS. Coordinates, motor status and battery level, as a IOTA-transaction, are stored.

If the vehicle stops in the paid Parking zone, characterized carVertical.CITY automatically, the Parking start time, and the price in the Zone. If you leave, a App autonomously a new IOTA-transaction, indicating that their Parking is complete, and the cost for the Service is defined.

The following Video shows the exact scope of the function.

Ripple’s cooperation with SEB to bear fruit

The network RippleNet has more than 120 active partners, the different software solutions of Ripple, for example, xCurrent, or xRapid.

The long-term Partner of Ripple SEB, a large Swedish financial group, draws a positive conclusion about the previous use of the xCurrent-payment solution. Paula da Silva, head of the company for transaction services, explains that the development is driven forward (freely translated):

Last year, only one customer was there at that time. Now all SEB customers, enterprises have implemented cross-Transfers between Sweden and the USA on the Ripple platform. We have a couple of billion. We try to understand how it works and what we need to make it even better.

Trezor adds 9 new crypto-currencies

The second-largest hardware wallet manufacturer in the world, Trezor, has implemented update 9 new digital currencies by the system. To do this, Monero, Cardano, Stellar, XRP, Tezos, Decred, Groestlcoin, Lisk, Zencash, and Zcash.

Bloomberg sees a Chance for Bitcoin Bullrun at the end of the year

The prestigious Online journal, Bloomberg sees positive signs for a potentially upcoming Bitcoin Bullrun for the end of the year 2018 (freely translated):

A technical indicator for an Index that captures some of the biggest digital currencies, suggests that the crypto industry is ready, from its recent descent to break out and start a rally.

The MACD-Index (moving average convergence divergence) for the Bloomberg Galaxy Crypto Index entered its first positive divergence since a month. This corresponds to an upward trend in Bitcoin, which accounts for around 30 percent of the Fund.

The conductive eToro market analyst, Mati Greenspan agrees with the report and is for the next time confident, although other experts, such as Mike McGlone, Analyst, Bloomberg Intelligence are of a different opinion.

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