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Qtum (QTUM) is Finally Launching the Qtum X86 Virtual Machine

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Qtum
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Qtum has finally announced the date of the long-awaited project, known as Qtum X86 Virtual Machine. QTUM is considered to be one of the biggest “opponents” to Ethereum network, given the fact that this digital asset represents a smart combination of Proof-of-Stake, Ethereum Virtual Machine smart contract based on the principle behind the first original coin, Bitcoin. Thanks to this superb combination, the team is now presenting one of the greatest achievements of the QTUM team – Qtum X86 Virtual Machine.

Qtum Sets the Date for the Launching of Qtum X86 Virtual Machine

Qtum makes up for one of the most prominent representatives of the blockchain technology. Designed into an incredible combination of Ethereum Virtual Machine smart contracts, Bitcoin’s principle, and Proof-of-Stake protocol, this crypto is considered to be a direct opponent to Ethereum platform.

Qtum additionally stirred up the market with the latest announcement they have made about the upcoming Virtual Machine that should be live presented tomorrow, on May 23rd.

The country of choice where the project will be presented in is South Korea.

After its main net has been out and running for quite some time now, the next step was creating its own Virtual Machine. This project should further on revolutionize the way smart contracts are being operated with, meaning that it should change the way decentralized apps are being created and deployed.

What is Qtum X86 Virtual Machine?

Qtum X86 Virtual Machine is a smart contract operating software that is designed to enable easily deployable decentralized applications.

What makes this smart contract software superior in oppose to its peers is the fact that  X86 allows developers to work in numerous different programming languages, that way supporting more programming languages than any blockchain-based virtual machine by far.

The machine will allow developers to make contributions to the blockchain community in many different languages, which included Python, C++, Rust, Go and many other.

This way, Qtum is making the deployment and design of decentralized applications more available to developers, given the fact that it supports more programming languages, that way enabling a greater number of developers to make contributions by creating Dapps.

So, now, besides form having QTUM as a highly scalable platform which is able to make faster transactions in oppose to the majority of its peers, including Ethereum, Qtum has made Dapps and Dapps deployment easily available to a wide range of developers that would be soon able to use Qtum X86 Virtual Machine for creating all sorts of decentralized applications.

The initial project will be presented live in Seoul in South Korea, on Wednesday, May 23rd, and this event is planned to be an invite-only event where only a handful of chosen will get to see the Qtum Virtual Machine in action for the first time ever before it is officially launched for the public.

The presentation will be held as a part of a meetup scheduled for the mentioned date.

How is Qtum doing at the Current Moment?

Ranked as the 20th-best currency on the global coin ranking list Qtum makes up for one of the top coins both in the market according to its market cap, and by its technological capabilities.

Following the latest trend in the market, we can see that the majority of currencies trading down against the dollar while going down in the red zone, with QTUM making no exception.

For the past two days we could have seen the majority of coins dropping against the dollar, however, it seems that Qtum has gone down in the red in most of its charts, including 60-day, 40-day, and weekly charts.

That is how we can see QTUM going down against the dollar by -21% in the period of the last 60 days, while it can also be seen dropping against the dollar by -20% over the period of the last 30 days.

During the course of the last two weeks, QTUM has gone down by -28% while it traded in the red during the last week where it dropped by -14% against the dollar.

We can see QTUM dropping today as well, following the most recent market trend, while dropping against the dollar by -5.27%.

Following the latest change in the market, QTUM can now be traded at the price of 15.62$.

Qtum is currently way out of the range of its previous all-time high that was set back at the beginning of January when QTUM was traded at the price of around 103$ per one unit. It is pretty clear that Qtum is still pretty far from its all-time high, even though it is clearly moving forward from the technological point of view.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

HODLing Stellar Is A Good Plan For 2019

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HODLing
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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Altcoins

Reasons To Invest In Electroneum In 2019

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Electroneum
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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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Bitcoin

SEC Postpones Bitcoin ETF Decision Once Again

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Bitcoin ETF
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The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

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