Skip to main content

Golem Market Cap Blows Past Factom and Steem, Now Sits at $32 million

Golem’s initial coin offering raised $8.6 million dollars in just 29 minutes, making it the third largest ICO behind Ethereum.  After last night’s 100% run, the momentum has carried its market cap to rank 11th on CoinMarketCap at a whopping $32 million. Golem now sits ahead of Factom and Steem, poised to break the top 10, later this month.

Experts expect the price to rise substantially as more exchanges gain access to Golem

Golem Super Computer

Fundamentally Golem is a decentralized supercomputer, with ability to connect through the cloud computers to computers around the world. Through Golem, users will be able to buy and sell processing power on the open market for purposes such as scientific research, graphics rendering, data analysis, cryptocurrency mining among other things.

Decentralized Computing Market

“If you have a powerful gaming computer that you aren’t using all day, or a PC that you leave at the office each night, you can rent your unused computing power to help someone else who may need it for rendering graphics or developing complex applications,” says Julian Zawistowski CEO and Founder of Golem. Experts claim, “It’s just the beginning. The long-term prospects are promising because of the big problem and big market they are taking on. Short term they will be launching their first product around April/May so I expect the price to be much higher than it is now leading up to that time.

Comments

Popular posts from this blog

Soaring Bitcoin Price Leads $159 Billion Crypto Market Recovery

Bitcoin  Well, somebody bought the dip. Just as critics were rushing to proclaim that the bitcoin bubble had burst, the markets staged a $159 billion recovery. The rally was headlined by the bitcoin price, which rebounded from its sub-$10,000 fling and is currently flirting with $12,000. Several other top-tier coins, meanwhile, returned single day increases in excess of 40 percent. Source: CoinMarketCap Altogether, the  cryptocurrency market cap  clawed its way back to $574 billion, representing a 38 percent recovery from Wednesday’s intraday low of $415 billion. Bitcoin Price Eyes $12,000 Wednesday served as a trial-by-fire for recent bitcoin investors, some of whom had purchased the flagship cryptocurrency for $19,000 at the height of the rally in mid-December. Bitcoin Price Chart The correction forced the  bitcoin price  below $10,000 for the first time since early December, but Thursday’s rally enabled bitcoin to regain a bit of the ground it had lo

Bitcoin Laundering” Study: Where Do Criminals Turn to Mask Illicit Cryptoassets?

A recent study ( PDF ) from the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance and blockchain analytics company Elliptic explored the “bitcoin laundering” ecosystem. In the study, Elliptic’s forensic analysis of the Bitcoin blockchain and other publicly available data were used to track the flows of illicit funds from 2013 to 2016. “This study aimed to identify where individuals turn in order to cash out or transmit bitcoins (BTC) acquired from illicit entities and to discover typologies for criminals ‘laundering’ bitcoins,” the report says. The study describes bitcoin laundering as a special type of money laundering that exists within the Bitcoin network where a user moves some bitcoins to a new address in a manner that obscures the original source of funds. The conversion of bitcoins into fiat currency on exchanges that lack adequate anti-money laundering (AML) and know-your-customer (KYC) policies can also fall under the category

Bitcoin Brokers Reviews for Learning Trustworthy Brokerage Firm

When you are trading the cryptocurrency it is necessary to have accessibility to a relied on brokerage company. Though there are lots of brokerage companies available that can be counted upon, figuring out the one that can additionally ensure you attractive returns are essential. Undeniably with Bitcoin brokers’ testimonials you could do it fairly precisely. Bitcoinbrokers are services provider that allow you to buy Bitcoin anonymously for buyers, and also market Bitcoin at a premium. For customers of Bitcoin you will be provided a financial institution account with name, account number and directing information. You transfer loan right into the account to obtain Bitcoin in return. This is lot even more easier now than a pair of years ago. It goes without saying delving into Bitcoin profession is not as very easy as it seems. You require to do research, have an enough understanding of how the profession goes. Additionally, you should understand the sort of people that you are going