ICO Ratings on ICOformula - Movers and Shakers of Week 15
A relatively stable weekend in the cryptomarkets with Bitcoin at $8150 and Ethereum at $515 today. A sizable majority of altcoins also in the green this morning presenting positive signs for the market overall and a good indicator the bears have had their day for the time being.
In Dubai, leading bank Emirates NBD has rolled out a blockchain solution to combat cheque fraud. “Cheque Chain” utilises unique QR codes printed on all new cheques issued by the bank which are registered on the blockchain enabling staff to validate authenticity thus reducing the risk of cheque fraud. Although a relatively simplistic application of distributed ledger technology, it is exactly what other banks and financial institutions should take note of when considering the arguments for blockchain technology in the sector (as opposed to burying their heads in the sand or manufacturing negative stories to fit their agendas).
Search engine giants Google have yet to make any significant public moves into the blockchain space to date, however a new community specifically for current and former staff at Google has been announced by 3 former staff responsible for some of the more prominent crypto projects to date. The founders behind the “xGoogler Blockchain Alliance (GBA)” include:
- Hitters Xu – Founder of Nebulas (NAS)
- Daniel Wang – Founder of Loopring (LRC)
- Andy Tian – Founder and CEO of Gifto (GTO)
The aim of the group is to capitalize on the experience of Google staff in a bid to incubate projects, share ideas and accelerate blockchain usage.
DNAtix have announced what they believe is the first successful transfer of DNA sequence over the Ethereum blockchain as a Proof Of Concept. Whilst this is a feat in its own right for the genetics sector, the achievement itself is substantial given the amount of data being transferred. DNAtix have apparently been able to create compression algorithms that are capable of reducing the sequence size by some 75% to date and aiming for up to 99% reduction using Python scripts. The primary take away of the achievement is it stands to open the doors for further development to enable more practical and cheaper solutions for blockchain technology in industries which inherently have large data files.
New Listings on ICOformula
Last week in the world of ICO Ratings on ICOformula:
The first chart shows us how the top 10 ICO’s by average position have changed over the course of the previous week:
The second chart shows the top 10 ICO’s by largest average position gain over the past week:
The third chart shows the top 10 ICO's by largest average position drop over the past week:
Caveat: Only ICO’s that have had the status of ICO are used in the data set for the full 7 day range are included in the following charts. ICO’s that either entered the dataset mid-way through the week, OR completed the ICO process and completed their sale/trading as tokens are not included in these charts.
Learn more about ICOformula ratings and how the Formulatron calculates them in our in-depth guide to how ICOformula rates ICOs.
Created: Monday, April 16, 2018
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