#cryptooof

China President, Xi Jinping, wants to seize the opportunity to use the blockchain which seems both exciting and confusing to crypto advocates.  The thought isn’t from technical site of the President, rather than he is actually in a different mindset entirely: somewhere between corporate blockchain consultant and ICO scammer. Blockchains are attractive for many reasons like no need of third party, low cost, space to rely at the time of tradeoffs. Blockchain belongs to an impact that it shortly convinced traditional banks that back-office functions were trendy and worthy investing in and blockchain is known to be a social technology.

The project is backed by OneConnect, which is a leading Fintech SaaS provider of advanced technology-enabled business solutions to small and medium-sized financial institutions. The solutions of OneConnect are based on the world-class technologies including AI, Blockchain, Cloud platform and Biometric Identification. The platform has been introduced with the objective to make commercial banks lend funds to small businesses with more detailed and reliable profiles. It is because borrowing money from commercial banks is very expensive and a slow process indeed. Full News

The rate of Bitcoin was at the peak of $19,783,09 and the ether was at the peak point of $1,417,38 in December 2017. CryptoKitties were seen to run over the ethereum network indeed. Keeping pace with it many ICOs had launched with many dedicated crypto capital opened their doors. Be that as it may, after a timeframe those crypto reserves are beginning to close down. The cost of Bitcoin drifts around $3,500 and the cost of ether dove underneath $100.

Blockchain new businesses have taken an alternate course to advertise than the unicorns we know today, by crowd funding token creation occasions early. Web 2.0 new companies composed a ludicrous valuation around the series D. Web 3.0 new businesses get a crazy valuation laughable valuation on the very beginning. But truly to say that these two attempts to product-market fit.