The Ethereum Foundation struck a deal with the Russian Development Bank Vnescheconombank (VEB) for a long-term and effective partnership in the implementation of projects using blockchain technology of the Ethereum platform. One of the main tasks is to become better informed in the technology and to start training people to develop more with it.
This is one of the first deals where the main consumers of its services are domestic state-owned companies and government bodies which makes Russia an really important player in the adoption of blockchain technology.
There has been some controversy about the history of the bank VEB but all in all I think this will only be one of many that are stepping foot into the technology and looking to further develop and use it in many different aspects.
At the same time the Moscow Stock Exchange is currently preparing to trade cryptocurrencies starting with Bitcoin and I doubt it will take long until Ethereum gets added as well from recent partnerships and the well known meeting of Ethereum co-founder Vitalik Buterin and Russian President Vladimir Putin.
The stock exchange is currently working on creating the infrastructure to enable the trades but will also be adding dervatives and exchange-traded funds (ETF's). This is a great announcement for the adoption of cryptocurrencies as a whole and a good first step after Russia wanting to regulate Bitcoin as a financial asset.
For those who don't know much about this particular exchange, it is one of the biggest exchange groups in Russia. It operates trading markets in equities, bonds, derivates, foreign exchange markets, money markets and precious metals. Adding cryptocurrency to it will be a giant step in adoption and will enable a lot of bigger hands to get in on them.
OmiseGo continues to adopt real world use and recently confirmed a new relationship with the CEO of McDonalds of Thailand for collaboration. What exactly this entails is still unclear but the markets seem to already have started moving on this piece of news alone.
A couple weeks ago Vitalik Buterin also went and met with the Central Bank of Thailand to discuss the future of the Thai economy and its adoption of OmiseGo. For those who don't know much about this currency, its a network connected to the Ethereum mainnet allowing anyone to conduct financial transactions such as payments, remittances, payroll deposits, B2B commerce, supply-chain finance, asset management and trading services in a completely decentralized and inexpensive way.
They want to use OmiseGo to further enhance the country's existing banking systems and financial platforms.
For those that have been following my altcoin recommendations lately and are eagerly awaiting for more - I wanted to add these at the end of these posts so I don't flood your Feeds with too many posts. I also wanted to add one coin which I think is a sleeper and waiting to increase in value short/medium-term.
Keep in mind though that there is always the risk of investing in alt-coins that you might miss out on Bitcoin pumps, especially with the way adoption is growing lately and Bitcoins limited supply - one can never know how quick it might move up in the near future. But for those who know me know that I rather risk not holding anything in Bitcoin at all cause I see altcoins and always have as bigger potential gains. This image here represents my train of thought pretty well.
Here is first a list that I will add to each post and update how its been doing since I first recommended that currency.
| Coin recommended | Date | Price then | Price now | Change |
|---|---|---|---|---|
| StorJ | 21st July | $0,52 | $0,94 | +80.8% |
| IOTA | 21st July | $0,26 | $0,89 | +242.3% |
| NEO | 24th July | $8,50 | $33,50 | +294.1% |
| TenX | 24th July | $0,90 | $4,24 | +371.1% |
| Sia | 24th June | $0,019 | $0,0082 | -128.9% |
| Asch | 14th August | $0,80 | $0,80 | +0% |
| Ark | 14th August | $1,20 | $2,43 | +102.5% |
| Steem | 14th August | $1,17 | 1,51 | +32.5% |
| district0x | 16th August | $0,13 | $0,12 | -7.6% |
| Aragon | 16th August | $2,45 | $3,01 | +22.85% |
| Ethereum | 20th August | $291 | $389 | +30.58% |
| Monero | 20th August | $52 | $138 | +165.4% |
For todays recommendation I want you all to take a look at Factom
This has been a coin going strong for a long time and hasn't seen all that much movement in the recent surges. Here is its chart for the past year.
Its last all time high has been at $35-36 and if the volume picks up again like it did in June I can see it going above $50-60.
Disclaimer
Never invest more than you can afford to lose. Before investing make sure to re-search the currencies yourself and not follow advice blindly.
Having said that, I am not getting paid by these currencies to advertise their names and won't be going too much into detail about them as to not try and sway you into placing in a big amount of value. Also remember that this is usually not a short-term trade and past performances or advice does not mean it will turn out the same way in the future. If I am ever doing a promotion post for these I will make it clear that it is promoted content.