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Here Are Today’s ICO Movers: Quantum Resistance Ledger (QRL) and Tierion (TNT)

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We’re closing in on the start of the US session on Wednesday and it’s time to take look at some of the movers in the token and ICO market over the last twenty-four hours. It’s been a pretty active week so far and – despite the fact that the more traditional asset markets in the US are set to close out for a couple of days for the Thanksgiving break – there’s a strong chance we’ll see a continuation of the high volume and subsequent volatility in the crypto space heading into the weekend.

So, here goes.

The two tokens we’re looking at for the session today are Quantum Resistance Ledger (QRL) and Tierion (TNT).

We’ll kick things off with QRL.

This one is an ICO that is trying to answer a long-standing problem in the bitcoin and cryptocurrency space – that the blockchain verification and mining processes are vulnerable to quantum computing. Basically, given its power, a quantum computer could carry out the calculations required to solve bitcoin’s hashing process incredibly quickly and could, theoretically at least, render the technology useless.

Quantum computers are still a long way off, but the risk is real and if the problem is going to be overcome, it’s likely going to have to involve something like what Quantum Resistant Ledger is doing.

So, QRL, the token that underpinned the ICO, is up 76% over the last twenty-four hours and 87% since last week. The run comes on the back of a couple of fresh reports out of the technology space outlining the race to create a quantum computer and the progress of a couple of the main players in the space – IBM, MIT, and Google.

There’s also the pending release of what the company calls its MainNet, which is the actual platform on which the entity’s technology will run (right now, the tokens are set to be traded for a MainNet token as and when the platform is in place).

The initial target for MainNet implementation was August/September but the company missed on this goal. As such, it could happen any day now and markets are likely buying up on the token in anticipation of a near-term report detailing action.

So, moving on, Tierion.

Tierion had something of a rocky start to its ICO based on the fact that, prior to the company’s current iteration, CEO Wayne Vaughan was something of a prankster in the space.

Since then, however, he has built Tierion into a premium blockchain based data verification service that allows users to verify pretty much anything, from a piece or collection of data, to a file, an image or even a business process.

The company has grown well and the ICO was initially pretty popular but – over the last few months – has suffered a bit. The Tierion token, TNT, currently goes for $0.073 – up $0.001 on its ICO price of $0.072, which happened back on August 27, this year.

In the wake of some weakness, however, things have picked up for the company over the last 28 days or so.

The token has run to the tune of 57% over the last twenty-four hours and this number dips slightly to 53% when the timeframe runs to both one week and the last 28 days.

So what happens going forward?

We think this one looks set to continue to appreciate near term, closing out on some of the gap that it experienced early to mid-October. It’s not going to take much to get the token moving as we’ve seen over the last couple of days and with data verification very much a hot topic right now, there’s probably some further upside on offer heading into the weekend and beyond.

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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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