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 11^th 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

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 ...

How to cancel an unconfirmed Bitcoin transaction

Crypto Beginners Guide / Bitcoin Beginners Guide When sending Bitcoin , it can be easy to make a small mistake causing you to want to cancel your Bitcoin transaction. Oftentimes, funds can become stuck if the miner fee you enter isn’t high enough for any miner to confirm your transaction. Unfortunately, the steps to cancel a Bitcoin transaction are a little more complicated than just pressing an “Undo” button. In this brief guide, I’ll walk you through the process to cancel an unconfirmed Bitcoin transaction. Has your transaction been confirmed? The first step in canceling your Bitcoin transaction is to check whether or not it has any confirmations . When you made your transaction, you should have gotten a transaction ID that looks something like this: 240615b6ab59a5adb19ba52cb969aeb16ff82d2082b7a72cb2912c5d38c297cf Take your transaction ID and enter it into a block explorer. Blockchain.info is a great option. On the ...

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...

Gsbt

Search This Blog