Bitcoin is maintaining a level above $ 11,000 but analysts warn it could go down to $ 9,000 or as low as $ 4,000 soon. The biggest gains since the beginning of the year belong to small coins. Egretia, Clipper Coin, EDUCare, Quibitica, ChainLink.
Cryptocurrencies & Markets
Chinese Retail Interest in Bitcoin on the Rise In an exclusive chat with Bitcoinist, SMC Capital partner, Mik Mironov, explains why he believes weekend cryptocurrency trading has exploded over the last month.
A review of the crypto market cap in 2019 shows that many cryptocurrencies are in the red.
The five best performers are as follows: Egretia (EGT): +15,455%. It is a little-known Altcoin arrived started on January 1st’s at $0.000342 and climbing to $0.053200 now, which amounts to a gain of 15,455%, and places EGT 42nd in the world. It is an Ethereum-based token by Egret Technology, a Chinese publicly traded company.
Clipper Coin (CCCX) is the second best with +2,905% growth. It promises to bring professional financial services to the blockchain. That included setting up standardized objective project valuations for ICO launches. In the meantime ICOs have evolved into IEOs, but this hasn’t stopped Clipper Coin’s growth. It now is ranked 100th by market cap.
EDUCare (EKT) launched in January 2018 as a Chinese project, and it subsequently lost over 99% of its value throughout 2018. But, since the beginning of 2019, this Ethereum-based multi-chain platform has gained +1,567% ranking 88 in the general market cap list.
Qubitica (QBIT) launched in late 2018 and declined until the turn of the year. Since the beginning of 2019, it has gained +1,487%. It is a decentralized global community of developers, companies, and organizations. It shares innovations in the field of DAOs (Decentralized Autonomous Organizations), and you need QBIT tokens to participate in the community. It is 51st in the top one hundred.
Finally ChainLink (LINK) gained +1,416%. It was originally picked up by Google as a blockchain oracle provider. An oracle is a system for confirming real-world events inside or a smart contracts environment.
Banks, Financial Institutions & Stablecoins
Scams, Frauds, Hacks and Law Suits
Blockchain & Crypto Applications
Distributed ledger technology (DLT) is the driving force behind a new technological wave. Some of the industries and processes most dramatically transformed are: food, diamonds, securities, art, real estate, land, election technology, public investment, financial aid, cross-border settlements.
Blockchain and its secured distributed ledgers are virtually unbreakable, given the current state of computers.
A quantum computer uses the principles of quantum mechanics to perform calculations. Instead of using two possible states, 0 or 1, quantum machines rely on quantum bits that can mean both a 0 and 1 at the same time. This leads to exponential growth in computational power. The biggest quantum computer today, operated by Google, can use up to 72 quantum bits. Quantum computers can run decrypting algorithms much faster than any existing supercomputer. Blockchains will have to evolve to avoid being decrypted, but quantum computing technology will not probably threaten their existence.