Golem enables users and applications (requestors) to rent out cycles of other users’ (providers) machines. Any user ranging from a single PC owner to a large data center can share resources through Golem and get paid in GNT (Golem Network Tokens) by requestors. It has a current market cap of over $94.8 million, a circulating supply of 959.8 million, and has traded over $34.7 million in volume during the past 24 hours according to CoinMarketCap.com.
GNT/BTC is looking to establish support just below 0.00001900 as the price attempted to stage a strong rally yesterday. A close above yesterday’s high of 0.00002190 could be confirmation of a larger move to the 61.8% retracement of the last down-move at 0.00002418. A potential stop could be placed 0.00000100 below the entry price and raise below each successive higher low.
News to Know
Bitcoin Black Friday 2018: Deals and Giveaways Spread Online as Cryptocurrency Hits 12-Month Low
The annual shopping bonanza that is Black Friday is almost here, and for the sixth year in a row, it’s also coming to holders of the cryptocurrency bitcoin. The unofficial start to the Christmas shopping period comes at a turbulent time for bitcoin, coming at the end of a week of dramatic price drops, though this hasn’t put off online retailers hoping to cash in on the cryptocurrency.
Saudi Arabia is Planning to Launch its Own Cryptocurrency Next Year
The Kingdom of Saudi Arabia is reportedly planning to launch its own digital currency next year, according to Mohsen Al Zahrani, the Innovation Center (SPARC) director at Saudi Arabia’s Monetary Authority (SAMA), the country’s financial regulator. On Monday (November 19th), Mubarak Rashed Al-Mansouri, the governor of UAE’s central bank, said that the state-backed cryptocurrency had already entered its design phase.
SWIFT to Experiment with Blockchain in India
SWIFT has signed a partnership with a fintech firm Monetago, through which it will experiment with blockchain applications in India, according to a press release. MonetaGo is a New York-based company which offers blockchain services to financial firms.
How Crypto Exchanges Remain in Profit Irrespective of market downtrend
The level of cryptocurrency awareness has increased a lot when compared to previous years. According to a Bloomberg report, it was recorded that cryptocurrency exchanges that are among the top 10 with respect to information available on cryptocurrency monitoring site ‘Coinmarketcap’ make at least $3 million daily in terms of revenue as at 2017.
Colorado Regulator Issued Orders Against 18 ICOs, With More on the Way
The U.S. authorities appear to have greatly increased their focus on initial coin offerings (ICOs). In addition to the big federal bodies that are going after them on a national level, projects are also being targeted by regulators in states such as Colorado, where another four were put on notice on Tuesday.
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