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Here Are Today’s ICO Movers: iExec and Lisk

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We’re approaching the second half of the week and it’s time to take a look at the token market in an attempt to see which tokens are moving and – at the same time – to try and figure out why and what’s next for each.

So, here goes.

The two tokens in focus for the session on Wednesday are iExec and Lisk.

Let’s kick things off with iExec.

This one is currently trading at a 23% premium to its price just 24 hours ago and is up more than 42% since the end of October. Right now, the iExec tokens for around $0.63 a piece, up from their ICO price of $0.17 – a close to 270% appreciation since the company’s ICO date of April 19, 2017.

The idea behind this one is rooted in scalability. Basically, the team behind iExec has recognized that, while decentralized applications are almost certainly the future of pretty much every corner of global commerce and industry, the current ecosystem is not suited to scale.

In other words, the technology is there but the companies that are going to be harnessing the technology (the startups in the various sectors of industry that are using blockchain to change their respective sectors) are going to need access to a huge amount of computing power, space and storage – something that the current technology doesn’t allow for.

So, in order to solve this issue, iExec is set up as a sort of cloud processing power system, whereby a user can buy access to a large number of computers and – by proxy – processing power, on which to run their Dapps.

While we’ve labeled it as iExec, the actual token here is called RLC, which stands (aptly) for Run Lots of Computers.

So why is the token up right now?

Well, the company just hosted a stand at the C’17 (Super Computing 2017) event in Denver, which took place on November 14, 2017, and is drawing plenty of speculation on the back of its presence at this event.

And what’s next?

Chances are we are going to see some increased media coverage of iExec and RLC over the coming few days, with the company seemingly pushing out press releases related to its showing at the above-mentioned event. As such, and in line with this increased coverage, there’s a good chance we’ll see further strength heading into the close of the week.

Moving on, let’s look at Lisk.

Lisk is up 23% over the last 24 hours, 54% over the last seven days and a whopping 65% over the last 30 days. That’s a solid run for a token that’s been around since May 2016, so what’s driving the action?

Before getting into that, a quick introduction to Lisk is warranted. Lisk is a pretty interesting concept – it’s designed as a sort of blockchain based application platform on which developers and designers can build applications that are rooted in decentralized and smart technology.

Basically, a user signs up to the Lisk development ecosystem and can then employ the platform to build (practically) anything, from independent social networks, messengers, games and more.

The token that underpins the platform is LSK and it’s this that’s gaining strength right now.

So, back to the question, what’s pushing this one up right now?

Well, this one’s all about awareness and community growth. The company announced on Twitter today that the Lisk featured as a trending repository on Github, which basically means that there is a large number of developers accessing its code repository to find snippets they can use to create their own applications using the Lisk platform.

This implies increased usage and – in turn – increased demand for the LSK token that underpins the whole system.

Again, there’s a good chance this one will continue to run. Repositories don’t trend for no reason on Github and we think it’s a great sign of things to come for the company.

We will be updating our subscribers as soon as we know more. For the latest cryptocurrency news, sign up below!

Bitcoin

Blockchain technology outshines Bitcoin and Gold during global pandemic

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As the popularity of cryptocurrencies such as Bitcoin begins to level up with investments made in metals such as Gold, together they have both made significant advantages for investors who have taken a leap to invest in them.

However, thanks to the pandemic and the dynamic shift in investing and the economy, many investors have seen fluctuating losses and gains thanks to the uncertainty of the current business world. 

Many investors that backed companies who have exposure to blockchain technology have seen an approximate amount of 54% return on investments over the past year. This is even after considering how hard the global tech market and companies have been hit since the beginning of the pandemic.

What is blockchain technology?

Blockchain technology was first introduced as a supportive technology for Bitcoin. A blockchain is a simple, unchangeable and un-hackable digital ledger that holds transactions in little blocks attached to a chain. The transaction is duplicated and distributed across the entire network of systems on the blockchain, making it available for everyone on the network to see. 

Each block in the chain contains various transactions which are recorded on the participant ledger every time a transaction takes place. The database is decentralised and is managed by multiple participants known as Distributed Ledger Technology (DLT).

Although blockchain technology was birthed from Bitcoin and was widely adopted for the use of cryptocurrencies, the way it works and its security has made…

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Bitcoin

Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC

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The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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