Polymath (POLY) and RChain (RHOC) Explained

New altcoins are emerging out of the woodwork every single day. Polymath and RChain are two top unknown coins that are top gainers today and probably unfamiliar to most – but why are they surging? Let’s find out. What is Polymath (POLY)? I’m sure at one point in time we’ve all seen the PolyMath ads on CoinMarketCap but what is it? Polymath is a securities token platform based primarily on the blockchain and it gives users an easier way to coordinate with potential investors of an Initial Coin Offering (ICO) and provides…

What Is A Blockchain?

What Is A Blockchain? From a bird’s eye view, blockchain technology might not look that much different from things you are already familiar with. So, what is a blockchain? With a blockchain, people are able to write entries into a record of information, and users can control how the record of information is updated and amended. Like Wikipedia, entries are not the product of one single publisher. In fact, no one person controls the information that is published. However, as you approach ground level, the differences that make blockchain technology…

Litecoin (LTC), Monero (XMR), & Dash (DASH) Top Coins Today

The cryptocurrency market is booming, as all but 4 coins in the top 100 are seeing gains today. Bitcoin (BTC), the original cryptocurrency, has just broken above the $9,000 threshold. Litecoin is among this morning’s biggest gainers with many others in the double-digit percentage gains category just shortly behind. Today’s spike in the market remains a mystery but it could be that individuals in the Western society might be buying crypto for their Valentines – maybe. Here’s an update on the coins. Litecoin (LTC) Source: CoinMarketCap Litecoin was the top…

NEO, EOS, and IOTA (MIOTA) Make Gains Today

NEO, EOS, and IOTA (MIOTA) are among the coins making gains today in the crypto sphere. In a massive turnaround from yesterday, the crypto market is on fire today, with more coins up than down. Polymath (POLY) is currently in the lead with a 34.14% increase in the past 24 hours. The good news keeps coming for crypto investors – all of the top ten cryptocurrencies are up today, and Litecoin (LTC) in particular has over 30% growth in the last 24 hours. This just goes to show that you can…

Bitcoin Price Watch – BTC/USD Recovery Continues, Rises Above $9,300

Bitcoin is back — the digital coin continued to recover and rose above $9,300 earlier today. BTC Now Up 12% Over Past Week Following yesterday’s run to $8,900, BTC recovered further today, surging past the $9,300 mark for the first time in two weeks. At the moment, BTC is priced at around $9,250, which is an approximate 12% gain over the span of one week. For the short term, BTC is holding down a major support at $9,120 (as shown in chart). It went on a big run earlier today…

Bitcoin Mining May Cause Energy Shortage In Iceland

While the Nordic island nation has become a hotbed for Bitcoin mining in recent months, a serious problem has emerged in Iceland: there now may be energy shortages for powering its households. The process of mining Bitcoin is an energy-intensive endeavor. According to reports; a single transaction uses the same amount of energy as the average U.S. household in a week. With an influx of miners looking to take advantage of Iceland’s electricity infrastructure, climate, and lenient regulations, the amount of energy consumed in these mining operations is unsurprisingly unprecedented for…

Ripple: Investors Confidence Soars, But Why Its CEO Paints a Bleak Picture

Ripple is on the verge of generating revenue to support the XRP price on cryptocurrency exchanges. Several payment services companies and financial institutions have already inked deals to use ripple’s products – which they believe will help in advancing the transaction times and lowering costs. The increasing payments services companies in RippleNet is giving market pundits and analysts more confidence in Ripple’s future. However, Ripple’s CEO has painted a bleak picture for cryptocurrencies; predicting the prices to crash shortly to zero. Why Is Ripple Boss Brad Garlinghouse Substantially Bearish? Brad Garlinghouse…

Cryptocurrency Mining Will Leave Iceland Without Power

Iceland has become the premier hotspot for cryptocurrency mining, more specifically Bitcoin, and the countries officials are now in a panic. With its cool temperatures, it makes it the perfect location to keep these hot data mining centers cool, without the need for extra air conditioning. While Bitcoin’s price has been on the decline within’ the past few months many companies have seen the island as the holy grail to mine the remaining digital tokens. They are equating it as the 21st century ‘gold rush’ as many companies have flooded…

Bitcoin Cash Price Watch – BCH/USD Downside Confirmed

Bitcoin Cash’s downside has been confirmed as it falls to $1,200. Key Highlights: Bitcoin Cash failed to maintain its price above $1,300 this week, falling back to the $1,200 range Currently, BCH is trading at $1,235, but it may decline back down to near $1,200, which is now a key support level BCH failed to hold above $1,360; in the short term, it should first test a resistance at $1,250 Bitcoin Cash — Short-term Downside Confirmed Last week, we established a major resistance level for Bitcoin Cash at $1,310, which…