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Qtum(QTUM)

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$2.8076
(-0.91%)
0.00014657 BTC
Market Cap (Rank#122)
$292,985,217
15,296 BTC
Vol 24h
$3,634,443
189.74 BTC
Circulating Supply
104,353,323
Max Supply
107,822,406
45 days agocryptodaily
W3 Storage Lab Raises $3m in Pre-seed Round
Sunnyvale, CA, 18th August, 2022, ChainwireSoftware Developer to Create a Suite of Killer dApps that Leverage Next-Generation Protocol and Marketplace for Decentralized Storage W3 Storage Lab, a Web3 decentralized application company, announced that it closed a pre-seed financing round of $3M. The round was co-led by Draper Dragon and OKX Blockdream Ventures with major participation from Lingfeng Capital and participation from other investors. Proceeds from the round will be used to grow its global team and fund operations. W3 Storage Lab has co-developed a next-generation distributed storage ecosystem that is based on the public blockchain and cyfs:/. cyfs:// is a next-generation protocol that re-invents basic Web protocols – TCP/IP, DNS, and HTTP – to create the infrastructure necessary for the complete decentralization of Web3. It has been in development for over 7 years, practically eliminates latency in file retrieval – a huge problem with current decentralized storage solutions – and has infinite scalability. cyfs:// has recently been open sourced and is now available to the public. To facilitate a more efficient market for decentralized storage, W3 Storage Lab has also worked closely with the DMC Foundation as a major developer of the Datamall Coin ecology. The Datamall Coin is a cryptocurrency that has been carefully designed to accurately reflect the true value of decentralized storage, properly incentivize suppliers of decentralized data, stimulate demand for storing real data in a decentralized manner, and create a highly efficient market for buyers and sellers of decentralized storage. The DMC token is already on Testnet and will be released to Mainnet in the near future. W3 Storage Lab is developing a series of killer applications for both consumers and enterprises that will make heavy use of decentralized storage. These applications will leverage the unique capabilities of cyfs://, and will be announced in the coming weeks. “Web3 has a ton of promise. But other than speculative trading – of both coins and NFTs – very few Web3 applications have delivered meaningful value to everyday consumers,” said Xinglu Lin, CEO of W3 Storage Lab. “We’re going to change that. The cyfs:// protocol gives us a ton of power to design a series of applications that will deliver compelling and lasting value to online consumers around the world.” “We’re very excited to partner with W3 Storage Lab," said Richard Wang, Managing Director of Draper Dragon. “They’ve assembled a top-notch team with a clear vision on how they want to positively impact the internet and the world. They’re developing some real break-through technology, and the market desperately needs their solutions. Look for some more ground-breaking announcements from W3 Storage Lab soon.” “An effective and efficient decentralized storage system is a core infrastructure to sustain the next stage of growth and user adoption for the Web3,” says Dr. Ming Shu, partner at Lingfeng Capital. “We are thrilled by the prospect that W3 Storage Lab will be the player to deliver a series of products that take the user experiences to a new level.” The W3 Storage Lab team has developed technology that accounted for more than 50% of all global P2P traffic and has issued a combined total of over 15 blockchain tokens. Xinglu Lin, CEO and Co-Founder, was the co-founder of 2 highly successful start-ups in China and is a prominent name in the Chinese internet sector. Zhicong Liu, Founding Engineer, architected cyfs://. Victor Chen, COO and DMC Foundation Chair, was CTO of Unisplendour, an internet infrastructure provider, and previously worked in IBM Networking. Thi Thumasathit, VP Marketing, is an experienced builder of early-stage Silicon Valley start-ups with experience in B2C, enterprise SaaS, cybersecurity, and ad:tech, as well as consulting experience at McKinsey & Company. About W3 Storage Lab W3 Storage Lab is a Web3 decentralized application company headquartered in Sunnyvale, CA with operations around the world. Its mission is to leverage the power of Web3 to help people manage, control and protect their own data. W3 Storage Lab is led by an executive team with a highly unique blend of P2P networking experience, blockchain expertise, and entrepreneurship. It is funded by Draper Dragon Fund, OKX Blockdream Ventures, Lingfeng Capital, and other investors. For more information, visit https://w3storagelab.com. About Draper Dragon Fund Founded by Larry Li, Andy Tang, Bobby Chao, and Tim Draper in 2006, Draper Dragon is a cross-border venture fund that connects Silicon Valley and Asia. Draper Dragon has offices in Silicon Valley, Toronto, Shanghai, Hong Kong, Singapore, and Bangalore and has RMB, USD, and digital assets funds. Draper Dragon looks for early-stage companies that would disrupt and transform their industry landscape, and the fund and its partners have seeded and invested in many technology unicorns such as Microport Medical (HKSE: 0853.HK), Ledger, Yeepay, Coinbase (Nasdaq: COIN), Otter, 1047 Games, VeChain ($VET), Jing Jin Electric (SHA: 688280), IOTEX ($IOTX), QTUM ($QTUM), Oasis ($ROSE) among others. Draper Dragon is an active investor in the digital assets, IT, and healthcare space, and a core member of Draper Venture Network. Draper Dragon draws upon the substantial resources and capabilities developed over two decades of venture capital investing, and startup company building. About OKX Blockdream Ventures OKX Blockdream Ventures is an investment institution under the worldwide top trading platform OKX.com, which focuses on exploring the best blockchain projects on a global scale, supporting the most cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and focusing on long-term structural value investment. For more information, visit https://www.okx.com/blockdream-ventures. About Lingfeng Capital Founded in 2015, Lingfeng Capital is a leading venture capital investor focusing on global technologies that empower digital finance and digital transformation of the economy, primarily in Greater China, with targeted exposure in the UK/EU/ASEAN. Lingfeng Capital invests in high-impact applications of industrial Internet/IoT space and enabling technologies that drive the trend of industrial digital transformation, such as AI, blockchain, cloud, data, security, and high-performing computing. In May 2022, Lingfeng Capital launched Lingfeng Innovation Fund (“LIF”), a new fund dedicated to investing in global early-stage Web 3.0 ventures, and enabling Web2.0 elites with Web3.0 expertise, collaborating with Web2.0 and 3.0/Crypto leaders and reputable VCs. LIF is a thesis-driven fund run by the industry’s most frontlined investors and provides first-hand support to accelerate project growth.ContactsVP MarketingThi ThumasathitW3 Storage [email protected]
76 days agocryptodaily
QTUM, MKR stuck in bearish zone, Chronoly.io bullish run speeds up by 600%
The market has been unfortunate towards cryptocurrency enthusiasts in the last few months. Several projects have nosedived, sinking millions of dollars in investments. But this notion cannot be generalized to all the cryptocurrencies trading in the market. Some crypto projects have braved the current bearish market, and some have even posted positive growth. Quantum's QTUM, Maker's MKR, and Chronoly's CRNO are the three tokens that have garnered much attention in recent times. While QTUM and MKR have been showing signs of recovery, Chronoly has taken the crypto market by storm with its success. Chronoly's CRNO, in its pre-sale phase, has registered a value increase of a whopping 660%. Let's dwell deeper to analyze these three crypto projects. QTUM Seeks Stability In a Tumultuous Market The Quantum blockchain network has launched QTUM as a cryptocurrency that is a hybrid version of Bitcoin and Ethereum. The Quantum blockchain network combines different parts of Bitcoin and Ethereum to assist and entice application developers, particularly DeFi (Decentralized Finance) app developers. However, QTUM has been undergoing a disappointing phase as its prices have dropped significantly owing to the recent market slump. QTUM is the native token of the Quantum and can be used by the holders to avail services that the platform offers. But the token does not hold any real-world use, making its usability and value highly susceptible to market sentiments and speculation. Hence, the recent crypto market crash has reduced the overall use of Quantum's QTUM, causing a steep fall in its prices. The current price of QTUM, the native token of Quantum, is hovering around $2.89, a massive drop of 97.41% from its all-time high of $100.22. Maker (MKR) Trying To Find Balance MKR is an Ethereum token that facilitates the ecosystem of the Maker blockchain network. It is described as a utility and governance token. MKR is a smart contract created to maintain the stability of MakerDAO's DAI token, whose value has been pegged equivalent to a dollar. The unique selling point of MKR is that its holders are allowed to participate in the regulation and governance of DAI directly. However, Maker (MKR) has been trading in a bearish zone recently. It is because MKR is not linked to any real-world physical asset, and its price relies heavily on the trade volume, which, at present, is hurt badly by negative market sentiments. The current price of MKR is standing at $952.92, which is about 85% below its all-time high value of $6339.02. Besides, the token of Maker, MKR, enjoys the market dominance of a mere 0.19%; hence, its trade volume is also small. Chronoly Speeds Up Its Bullish Run Chronoly.io's CRNO has undoubtedly emerged as the most attractive token at this time when most crypto projects have fallen to the ground. Chronoly's CRNO token has registered massive gains and has been able to win the trust of investors. Its price has jumped from $0.01 to $0.06 since its launch. Moreover, analysts have predicted CRNO's price to reach the mark of $0.75 soon. Investors are quite optimistic that CRNO’s value can rise by 2500% before the end of the pre-sale. Chronoly.io is the world's first blockchain-based fractional watch marketplace. It allows people to make a fractional investment in the NFTs of rare collectable watches, starting from as little as $10. Chronoly also utilizes a lending protocol for users to loan out their NFTs. CRNO holders can instantly take out loans against the watch NFTs they own. The working principle of Chronoly.io is also first-of-its-kind. It first buys the physical version of luxury watches, such as Rolex, Patek Phillippe, and Richard Mille, and then mints their NFTs. Since the value of rare collectable watches is likely to appreciate over time, the NFTs minted against them are considered stable and secured for investment despite the prevailing market conditions. For more information about Chronoly.io Presale: Website: https://chronoly.io/ Presale: https://presale.chronoly.io/register Telegram: https://t.me/Chronolyio Twitter: https://twitter.com/Chronolyio Disclaimer: This is a sponsored pressrelease andis for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
78 days agocryptodaily
Create a Million Dollar Legacy by Investing in Uniglo (GLO), Mina Protocol (MINA), and Qtum (QTUM)
Sometimes, selecting your investment isn’t just about you. For many people, investments are for leaving something behind for their family and loved ones. As an area with strong earning potential, the cryptocurrency sphere would be an exciting place to start shaping the legacy you could leave behind. We’ve identified three cryptos with high growth potential that could augment your wealth faster than other digital assets. Uniglo (GLO) A newcomer to the cryptocurrency space, Uniglo holds strong earning potential. It adopts a hyper-deflationary token model, applying strict control over the supply of its token, GLO. This protocol will only supply 218.75 million tokens at the start. To preserve the price of GLO, it will also notably burn 2% of the tokens sold in the market. Uniglo is a protocol for asset acquisition and management as well. Token holders will indirectly benefit from the value appreciation of a range of assets acquired by Uniglo and placed in its vault. Multiple assets will, therefore, back the GLO token. The first presale phase of Uniglo will begin on July 15 and end after one month. Mina Protocol (MINA) Mina Protocol is another strong contender for building the legacy you wish to leave behind. Zero-knowledge technology powers the Mina Protocol, which means the network applies cryptography to verify data truthfulness without actually exposing any of that data. This approach offers scalability and privacy and could play a significant role in the future of Web3. Mina Protocol is also all about democracy and empowering its participants. It keeps things light by maintaining a 22 kB size regardless of transaction volume, removing the need for excessive computing force. The platform, therefore, is not limited to those users with massive computing capabilities and equipment. Over the last two weeks, the price of Mina Protocol’s token MINA surged 20%. This surge occurred after leading exchange Huobi Global announced it would be listing the token on its platform. Qtum (QTUM) Lastly, we have Qtum–a community project that connects the blockchain ecosystem with Bitcoin and Ethereum communities and the real world. Users can use its token, QTUM, to pay transaction fees and earn rewards. This network also combines Ethereum's flexibility with Bitcoin’s security. Qtum can theoretically process 70 transactions per second, faster than Bitcoin and Ethereum, respectively, by 16 and 7 times. As such, many users and developers are excited about the opportunities that Qtum presents in supercomputing and quantum processing. Final thought Cryptocurrencies are a solid bet for anyone wishing to build a million-dollar legacy for their loved ones. With the above three cryptos, however, it is worth noting that the legacy you leave behind could grow beyond millions. For More information: Join Presale: https://presale.uniglo.io/register Website: https://uniglo.io Telegram: https://t.me/GloFoundation Discord: https://discord.gg/a38KRnjQvW Twitter: https://twitter.com/GloFoundation1 Disclaimer: This is a sponsored pressrelease andis for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
129 days agocryptodaily
Binance Joins the Neo Council, Initiates Tighter Integration With N3 Infrastructure
Binance Staking, the crypto exchange's staking-focused program, has officially joined the Neo Council. To date, Neo N3's on-chain governance collective has 21 members working to maintain Neo's health and diversity as a network. Neo is an open-source community-driven blockchain platform that boasts the industry's most feature-complete blockchain platform for decentralized applications. From digitization to automation, the management of assets through smart contracts is rendered through Neo's native blockchain infrastructure which includes decentralized storage, blockchain oracles, and an active domain name service. Binance Staking will now take part in the on-chain governance of NEO tokens staked on the contract across a 5-13% APY for a minimum of 0.01 to 0.1 NEO staked, with variable yield based on a vault's lock duration. NEO tokens have previously been traded on Binance but the exchange has neither dealt with nor participated for N3's on-chain governance. As such, the token holders have largely been left out of the GAS rewards which have been distributed to NEO token holders for every added block. With this latest update, NEO holders on Binance Staking will now be able to receive passive rewards with GAS and gain voting power for on-chain governance parameters on N3. In effect, such a democratization of the protocol's on-chain governance will also result in better on-chain security and stability. “We are thrilled that Binance Staking believes in and sees the potential of Neo’s N3. Neo Council members play a key role in driving forward the future of both Neo community and the blockchain sector at large. Binance Staking’s new membership in the Neo Council is expected to bring new diversity to the Neo community and more cross-platform user engagement to both parties," shares Da Hongfei, the founder of Neo. The staking platform had already integrated with Ontology (ONT), Neblio (NEBL), and Qtum (QTUM) before this latest update. It remains to be seen if Binance will stake any other NEO-based assets in the near future. According to Neo, this integration will result in increased seamlessness and an improved symbiotic relationship between their smart token economy and Binance's network and product suite. In effect, this will also increase engagement across their staking channels, as well as for cross-chain transactions utilizing N3's interoperability and token utility. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
159 days agocryptodaily
Qtum Chain Foundation Donates $100,000 to Binance Charity’s “Trees Millions” Initiative 
Qtum blockchain leading development team, Qtum Chain Foundation, is partnering with Binance Charity to plant over 100,000 trees to reduce the carbon footprint caused by electricity used by the blockchain’s nodes. The initiative falls in line with the Earth month celebrations, which falls in the month of April. The latest initiative is the start for Qtum, with the community working on “going green” in the near future. “This is a very important initiative for us, and we are proud that we are getting the opportunity to do this with Binance Charity,” said Qtum co-founder Patrick Dai. “Not only does planting 100,000 trees negate our protocol’s carbon footprint, but it's also a cool initiative towards a greener and a cleaner future.” Qtum Chain Foundation Joins “Tree Millions” Initiative Announced Tuesday, the Qtum Chain Foundation will be joining Binance Charity’s initiative, “Tree Millions”, an environmental conservation effort aiming to plant over 10 million trees worldwide. According to the teams’ statements, Qtum Chain Foundation has donated $100,000 towards the initiative, aiming to plant over 100,000 trees across the world. Launched at the end of 2021, the “Tree Millions” is an NFT-based tree initiative that aims to plant over 10 million trees worldwide and protect the world’s forests. With over 46% of the forest cover already destroyed and over 80% of the flora and fauna on earth depending on forests, there was a growing need for the crypto community to contribute to restoring worldwide forest cover. "We’re celebrating April as Earth Month so this timely partnership acts as a reminder to double down on commitments to building a cleaner, healthier planet. Forests are a lifeline to 80 percent of the world's terrestrial animals and plants, and 1.6 billion people rely on them for their livelihoods,” said Helen Hai, Head of Binance Charity. As at launch, the Binance Charity “Trees Millions” initiative had 17 crypto partners, with a goal to reach 100 by March this year, a feat they have achieved. Qtum becomes the latest crypto partner in the initiative in their goal of becoming a completely climate-neutral protocol. Binance Charity also teamed up with Binance NFT, its native NFT marketplace, for the “Tree Millions” initiative to plant trees in theMetaverse to create the world’s largest virtual tree planting forest. Qtum Plans to Go “Completely Green” The Binance Charity collaboration is the first step by Qtum Chain Foundation to push its “going green” goal. The project can achieve this by planting trees to offset the emissions caused by the electricity needed to run Qtum nodes. Currently, Qtum blockchain has thousands of nodes connected to the network, which could approximately use devices that consume as little as 10 watts up to 60 watts. With Qtum Chain Foundation planting over 100,000 trees, the carbon emitted by these nodes will eventually be offset by the trees, making the blockchain carbon-neutral. “Binance Charity thanks the Qtum team for their commitment to helping vital reforestation efforts and we're thrilled to see our ambition of 10 million trees planted worldwide come one step closer.” Helen Hai added. Finally, Qtum became the latest signatory to the Crypto Climate Accord (CCA), a crypto-based alliance inspired by the Paris Climate Agreement. The CCA is a private sector-led initiative for the entire crypto community focused on decarbonizing the cryptocurrency and blockchain industry in record time. According to Patrick Dai, Qtum plans to achieve a completely carbon neutral platform before the earliest set goals for the CCA accord. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
191 day agocryptodaily
DAO Labs is Re-inventing Merit based Allocations
DAO Labs has recently announced its plan to launch Social Mining V2 to the cryptocurrency market. They feel Venture Capitalists benefit more than loyal community members. Stating that creating the actual value has become secondary. DAO Labs Statement Dao Labs is on a mission to create jobs by building a new generation of labor and allow everyone, no matter their status, an opportunity to become stakeholders with their individual share defined by the quality of effort and time spent forming the DAO. Social Mining will leverage a network of contributors bringing in their diverse skill sets. The team brings advocates for fair distribution of value to lift those up who find themselves at the bottom of the pit, those who are involved in manual contributions in making things happen but only get a small fraction compared to the Venture Capitalist. DAO Labs believes that the users in the trenches that add more value should receive bigger dividends. The narrative is that unfair treatment of users working hard on creating value alienates individuals with the potential to build good projects. DAO Labs strives to stimulate the rejuvenation and growth in the cryptocurrency industry through Social Mining V2. To this end, DAO Labs has proposed the following: An Initial Labour Offering DAO Labs will place users first in line for rewards for their loyalty to the project, time spent working on it, and the points they earned through Social Mining. These factors will influence future payments and token distribution. By implementing and constantly improving data-driven and time-tested metrics, the system effectively records time allocated to projects and interaction with the platform to decide payments. Value To Equal Rewards The more users engage in completing different tasks, the better the terms they get. The terms will be recorded in a RAFT, a Reserve Agreement for Future Token. So people will be able to leverage their abilities and plan their interactions on the platform. Rights to future payouts will be ordered according to time spent on the platform and points earned. Community Structure And Outlook Good cryptocurrency projects will always raise funds easily, said DAO Labs in their statement. They believe layer 2 projects, on average, do not need more than $1 million to run. However, there is now a proliferation of projects with no value, standing at around $100 million valuations. DAO Labs has had enough of corporate investors reaping all the dividends. They aim at building a structure backed by a strong community where the individual contributors will play a role in every facet, including marketing and development. Many known coins fronting a strong market cap support the Social Mining initiative. The most notable of these coins is Avalanche’s Social Mining. DAO Labs will oversee Social Mining with its team of experts who have worked on DAO Maker, NEM, QTUM, CELO, and other notable projects. DAO Labs has set many objectives for the first quarter of 2022. Notable milestones include DAO Labs Social Mining, QTUM Social Mining, and WAX Social Mining. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
263 days agocryptodaily
Blockchain Network Downtimes Are Stifling Growth; Can Alternative Ecosystems Provide a Reprieve?
The blockchain ecosystem is now over a decade old and a lot has changed since the first Bitcoin block was mined on January 3, 2009. This burgeoning technology has given rise to more blockchain communities, with notable innovations such as the Ethereum blockchain which introduced the concept of smart contracts. Today, innovators in the crypto ecosystem can develop decentralized applications (DApps), allowing anyone across the globe to access the featured products. However, it has not been a smooth ride for the upcoming smart contract blockchains; Ethereum, which leads the pack, is still trying to solve its scalability issues with the much-awaited 2.0 upgrade. Back in 2017, this leading smart contract blockchain experienced a major slow down following the crypto kitties craze which increased the number of transactions on its network by sixfold. Similar situations have befallen rival Layer-1 chains with notable downtimes on leading platforms such as Solana within the past few months. Though touted as ‘Ethereum killers’, one cannot ignore the fact that upcoming Layer-1 chains also face some network challenges. So, what could be the reason for the frequent downtimes on native blockchain ecosystems? The next section of this article will highlight some of the trends, featuring alternative solutions that could facilitate the mainstream adoption of cryptocurrencies. Not Yet Dawn for the Blockchain Ecosystem As mentioned in the introduction, the blockchain ecosystem has evolved significantly but is yet to reach its full potential. Last year saw the debut of promising Layer-1 chains such as Avalanche and Solana, both of which have attracted a large community of stakeholders. That said, these chains have experienced downtime at some point, with the most frequent ones being on Solana. Per the latest updates, Solana’s network went down as recently as January 4th, although it was back on within five hours. This was not the first time Solana experienced a downtime; the network suffered two distributed denial-of-service (DDoS) attacks, one in September and another in December. Notably, the September DDoS attack caused a 17-hour downtime, resulting in a backlash from some of the stakeholders in the crypto community. While one would have thought that Layer-2 blockchains are safe from similar downtimes, this has not been the case. Ethereum-based Layer-2 chain Arbitrum reported a downtime in its network back in September 2021. According to the medium blog post announcement, the 45-minute outage resulted from a bug that caused the Sequencer to get stuck during high period transaction times. “The root cause of the downtime was a bug causing the Sequencer to get stuck when it received a very large burst of transactions in a short period of time. The issue has been identified and a fix has been deployed.” read the blog. Looking at these developments, it is evident that blockchain ecosystems have a long way to go before they can accommodate mainstream adoption. On the brighter side, the path of innovation in crypto has always lived up to its fast-paced nature. Mainstream Adoption & Emerging Blockchain Networks With 2022 starting on a high note, crypto natives are optimistic that emerging niches such as NFTs and alternative blockchain ecosystems will attract more participation. Even better, the community is gradually moving away from the narrative of sticking to one blockchain ecosystem in favour of operating on the most efficient and user-friendly chains. This shift in sentiment is paving way for the adoption of alternative blockchain networks such as Qtum, an open-sourced blockchain public platform that combines Bitcoin’s UTXO model and smart contract capabilities. Unlike its counterparts, Qtum blockchain has never experienced downtime since it was launched in 2017. Check out the December Community and Development updates from the #Qtum team https://t.co/349MjRGXUB — Qtum (@qtum) January 11, 2022 Furthermore, the Qtum blockchain ecosystem features a business-friendly smart contract platform which means enterprises can build personalized networks. At its core, Qtum follows a Decentralized Governance Protocol (DGP), enabling the modification of particular blockchain settings through its underlying smart contracts. While Qtum is one of the few examples, the emergence of blockchain networks that can accommodate mainstream adoption is a significant game-changer for the crypto market. As the industry grows from being a small knit community, new entrants and especially corporations will be focused on fundamental value as opposed to the speculation narratives. Additionally, more stable blockchain ecosystems will prevent the loss attributed to downtimes. Smart contract developers and other innovators in the crypto industry will be able to build without fear of capital or client loss. This will spur the rate of innovation and crypto adoption as the industry prepares to go mainstream. Summary Like any nascent technology, blockchain is still in its early stages of development. What started as a revolution against the traditional banking ecosystem is slowly growing bigger than most would have imagined ten years ago. This being the case, it is not surprising that we have many upcoming blockchain infrastructures that are trying to solve the shortcomings of pioneer chains. Eventually, some of the existing blockchain networks will fade away while fundamental projects take over the market dominance. This may take some time given that most projects are yet to onboard similar numbers to the traditional financial ecosystem. Nonetheless, it will either be a winner take all situation or collaboration between the players which live through to see mainstream adoption. The latter is likely to produce a better result. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
322 days agocryptodaily
Apple CEO Announces Crypto Holdings, Is This A New Investment Opportunity?
The cryptocurrency world reacted strongly to the news that Tim Cook, CEO of the largest company in the world, Apple, owns “some cryptocurrencies”. The crypto community went ballistic on the news as speculations on which cryptocurrencies he owns erupted over the course of the next 48 hours despite the crypto market facing a short drawdown. However, the crypto market capitalization hit a new all-time high of $3.4 trillion, on Tuesday. Following his latest revelation, Cook joins the army of executives in multinational companies who have publicly stated they’ve invested in cryptocurrencies. From Elon Musk, Paul Tudor Jones, and Micheal Saylor, the list of global company leaders joining crypto has gradually increased over the past years as the industry finally goes mainstream. Apple CEO joins the crypto bandwagon In an interview at the NYT Dealbook Conference aired Tuesday by Andrew Ross Sorkin, Apple CEO, Tim Cook revealed he has already invested in some cryptocurrency. While not exclusively stating which crypto he owns, Cook stated that it is “reasonable to own it as part of a diversified portfolio” when asked if he owned any Bitcoin or Ethereum. “I do. I think it’s reasonable to own it as part of a diversified portfolio,” Cook said during the interview that aired Tuesday. “I’m not giving anyone investment advice by the way.” He added that he has had an interest in the new technology and had researched it for a while before making the investment. The only question that remains is how much crypto he owns from his billion-dollar empire and which coins he owns. All the same, this rare insight shared with the public shows the strides that crypto has taken to reach mainstream levels. Despite the regulation and volatility shouts from naysayers, Bitcoin skyrocketed to a new all-time high following Cook’s statement recording a 7.8% gain from its previous all-time highs to settle at $68,000 on Tuesday. Nonetheless, Cook denied any reports of Apple directly buying crypto with corporate funds as an investment. “I wouldn’t go invest in crypto, not because I wouldn’t invest my own money, but because I don’t think people buy Apple stock to get exposure to crypto,” he said. However, Cook is one of the many global executives who have switched their opinions on crypto and blockchain in the past few years. Individuals, corporations, and governments are gradually easing the stance on Bitcoin and crypto - welcoming the industry as a new chapter to finance. Corporates moving towards digital finance The recent rise in crypto prices has witnessed a swarm of public figures and corporates entering the digital finance market. From investing company funds to purchasing NFTs, previously skeptical global executives gradually switched to crypto as the market experienced a wild bullish run across 2020 and 2021. Top of the list is Jamie Dimon, CEO of JP Morgan. After years Of bashing Bitcoin (and the crypto market in general), Dimon finally gave props to digital assets, praising the strides governments are placing on launching digital currencies and the growth of the stablecoin market. While his comments on Bitcoin remain unchanged, he stated that JP Morgan would be willing to support clients who would wish to invest in Bitcoin and crypto “I personally think that Bitcoin is worthless. However, our clients are adults, they disagree, that’s what makes markets, so if they want to have access to buy yourself Bitcoin, we can’t custody it but we can give them legitimately, as-clean-as-possible access.” Another billionaire on the cards who entered the crypto mania is hedge fund billionaire, Paul Tudor Jones, who announced he has invested about 1%-3% of his fortunes in cryptocurrencies. In an interview with CNBC’s Squawk Box, Jones stated cryptocurrencies offer a better hedge to inflation than gold, following the industry’s exceptional performance across 2020. “It would be my preferred one over gold at the moment,” Jones said during the interview. “Clearly, there’s a place for crypto. Clearly, it’s winning the race against gold at the moment.” Finally, PayPal Ex CEO Bill Harris has been an antagonist to the rapid adoption of Bitcoin. Speaking in 2018, Harris claimed cryptocurrencies are a “colossal pump-and-dump scheme, the likes of which the world has never seen”, adding that the industry “has no value”. Three years on from the interview, PayPal introduced support of cryptocurrencies allowing users to purchase, send and deposit Bitcoin, Ethereum, Litecoin, and another host of cryptocurrencies on its platform. While adoption from billionaires and influential global executives shows the explosive growth of crypto, mainstream adoption is also picking up with institutional and retail clients demanding crypto to be added to their portfolios. All the same, newer investors find themselves locked in to “dinosaur coins” or “meme tokens” to make a quick buck and run. A new way of investing: Meme vs ICO boom? Ever since Robinhood investors flocked to buy Gamestop (GME) and AMC shares, the investing world has transformed into a retail-driven market. The cryptocurrency world is finally catching up, with communities purchasing their tokens to massive mega runs - as seen with the case of SHIBA INU, a meme dog token derived from the popular Japanese dog breed, Shiba Inu. The rise of Shiba Inu was catalyzed by Dogecoin’s (DOGE) explosive run at the start of the year as communities try to send these tokens to a “mythical price” of $1. The juicy part of these tokens lies in that they are completely useless and there’s a massive circulation of the tokens but communities rally around them hence the price boost. The meme token culture kicked off in April when Elon Musk tweeted he owned some Dogecoin, leading to a frenzy of retail buyers trying to copy the billionaire's strategy. Shortly after the Shiba Inu craze died down, investors quickly rushed to “dinosaur coins”, or the ICO boom coins, such as Cardano, QTUM, XRP, Omise Go, Loopring, etc. Once ridiculed for the lack of momentum as Bitcoin (BTC) and Ethereum (ETH) pumped, the 2017 ICO boom tokens showed up strongly in 2021. Unlike the meme coins, these tokens actually hold utility and value to their holders. QTUM, one of the best performers in 2021, experienced a 700% gain in price over the past year, to settle at $16.27, as of writing. The project is a decentralized and open-source smart contracts platform and value transfer protocol. Qtum uses proof-of-stake consensus and rewards node operators for validating transactions. As a decentralized governance protocol, users can stake their tokens, make proposals, and vote on proposals using the token. All in all, the rise of meme and ICO boom tokens have welcomed the mainstream population to try their hand at cryptocurrencies. With the next few months looking more bullish and more investors entering the fray, these tokens could witness even more gains heading into 2022. The future of the cryptocurrency market The main question on every crypto investor’s mind is: ‘How far can the market go in the next decade?’ According to experts, Bitcoin could soon replace gold as the number one hedge against inflation given the impressive returns of the asset over the past decade. Notwithstanding, the crypto market capitalization could reach an unprecedented $5 trillion mark by 2022 with the upcoming Bitcoin ETF launch in the works. According to Micheal Saylor, chief executive of business intelligence software company MicroStrategy, if the ETF is approved “trillions could be pumped into the cryptocurrency market”. Nonetheless, most of the tokens today are worthless and the market could witness a correction that may well wipe out 90% of the projects. For now, influential people like Tim Cook joining the crypto bandwagon only strengthens the global adoption rates and introduces the mainstream population to the future of digital finance. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Qtum

The live price of Qtum (QTUM) today is 2.8076 USD, and with the current circulating supply of Qtum at 104,353,323 QTUM, its market capitalization stands at 292,985,217 USD. In the last 24 hours QTUM price has moved 0.0004 USD or 0.00% while 3,784,285 USD worth of QTUM has been traded on various exchanges. The current valuation of QTUM puts it at #122 in cryptocurrency rankings based on market capitalization.

Learn more about the Qtum blockchain network and how it works or follow the price of its native cryptocurrency QTUM and the broader market with our unique COIN360 cryptocurrency heatmap.

Qtum is a blockchain platform designed for application creation and maintenance. The Qtum cryptocurrency combines the security of the UTXO MODEL with the contributions of many virtual machines, including EVM and x86 VM. The Qtum coin is based on the PoS consensus mechanism and Decentralized Governance Protocol (DGP). This combination allows you to change the individual settings of the blockchain using smart contracts. For example, the size of blocks in Qtum can be increased without having to go through the tough process of a hard-fork. Qtum also provides business-focused solutions for enterprise causes. At press time, the price record of Qtum coin is 94,67 USD. The price peak was reached in January 2018, when the Qtum market capitalization also reached its maximum, being over 6,9 billion USD. Check out the latest price of the Qtum coin on Coin360.com.
Qtum Price2.8076 USD
Market Rank#122
Market Cap292,985,217 USD
24h Volume3,634,443 USD
Circulating Supply104,353,323 QTUM
Max Supply107,822,406 QTUM
Yesterday's Market Cap296,939,100 USD
Yesterday's Open / Close2.8452 USD / 2.8456 USD
Yesterday's High / Low2.8681 USD / 2.8175 USD
Yesterday's Change
0.00% ( 0.0004 USD )
Yesterday's Volume3,784,285 USD
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