Newsflash: IOTA Tangle deployment, Ripple adaptation, Trezor update and Bitcoin Bullrun

cryptonews

The IOTA Tangle holds great potential, and opportunities are being increasingly recognized by the industry. Decentral vehicle data platform carVertical has also released a new video showing the latest strategies for the implementation of the IOTA Tangle.

“An on-board diagnostic (OBD) device collects data from your vehicle and sends this data to the IOTA Tangle. When your vehicle is driving, it is constantly checked by GPS. Coordinates, engine status and battery level are stored as an IOTA transaction. If the vehicle stops in the paid parking zone, carVertical.CITY will automatically record the parking start time and the price in the zone. When you drive away, an app autonomously runs a new IOTA transaction, indicating that your parking is complete and defines the cost of the service.”

The following video shows the exact functionality:

Ripple’s collaboration with SEB

The RippleNet network has more than 120 active partners who use different software solutions from Ripple, xCurrent or xRapid.

SEB is a large Swedish financial group and Ripple’s long-term partner in using the xCurrent payment solution. Paula da Silva, Head of Transaction Services Company, states that development is overly positive:

“Last year, there was only one customer at that time. Now all SEB customers have implemented cross-company transfers between Sweden and the US on the ripple platform. So we have a couple of billions of them. We try to understand how it works and what we need to make it even better.”

 

Trezor adds 9 new cryptocurrencies

Trezor, the world’s second largest hardware wallet maker, added 9 new digital currencies to its wallet via system update. These include Monero, Cardano, Stellar, XRP, Tezos, Decred, Groestlcoin, Lisk, Zencash and Zcash.

Bloomberg sees opportunity for Bitcoin-bullrun at the end of the year

The reputed online journal Bloomberg sees positive signs for a potentially imminent Bitcoin bull run for the end of 2018:

“A technical index indicator capturing some of the largest digital currencies suggests that the crypto industry is ready to break out of its recent downturn and start a rally. The MACD (Moving Average Convergence Divergence) for the Bloomberg Galaxy Crypto Index has seen its first positive divergence in a month. This represents an upswing in Bitcoin, which accounts for around 30 percent of the fund.”

Lead eToro market analyst Mati Greenspan agrees with the report and is confident for the near future, although other experts such as Mike McGlone, a Bloomberg Intelligence analyst, disagree.

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