News
SEC
SEC chairman Jay Clayton has stated that Bitcoin is not a security!
Coinbase
Coinbase is on track to operate a regulated broker-dealer so it can offer blockchain-based securities, under the oversight of the SEC.
https://blog.coinbase.com/our-path-to-listing-sec-regulated-crypto-securities-a1724e13bb5a
Altcoins
VeChain
The official VeChainThor Wallet is coming soon.
https://twitter.com/vechainofficial/status/1003994875216343040
- vechainofficial
ICON
The Korea Customs Service hosted an MOU with eight other organizations to create a “Blockchain based Customs Clearance Platform” which will be utilizing loopchain, the underlying blockchain technology used by ICON.
Companies that adopt loopchain will use the ICON network to be able to interconnect.
https://twitter.com/helloiconworld/status/1003922904025894913
- helloiconworld
Siacoin
Ledger wallet support might be coming soon.
https://www.reddit.com/r/siacoin/comments/8owmyi/ledger_support_incoming_maybe/
News
Ledger Roadmap
Legder added VeChain and Quantum Resistant Ledger (QRL) into their support roadmap.
https://trello.com/c/2rwsTHtK/100-vechain-support
https://trello.com/c/OzaQOUfs/101-qrl-support
Introduction
Internxt (pronounced /internext/) is a tech services innovation company based in California that currently aims to disrupt the cloud industry.
Problem
A major issue with traditional cloud services, like Dropbox and Google Drive, is security and data centralization.
Data stored in these cloud services are far susceptible to leaks or loss due to hackers or storage incidents.
In addition, this gives companies the power to abuse their position and violate users privacy rights. Not long ago, companies like Google and Facebook were on the spotlight due to their business model which conflicts with users data rights.
Solution
Internxt wants to tackle these problems with the development of their first service, X Cloud.
X Cloud lets users store their files in a decentralized, secure and private manner where all data is end-to-end encrypted and never stored in a single place, but split into pieces and distributed across the network.
Although there’s already solutions like Storj and Sia, Internxt focus goes beyond just having a superior technology; X Cloud is being built and designed to provide a seamless and easy-to-use user experience with mainstream adoption in mind.
A special version will also be offered to businesses which have legal requirements.
The backbone of X Cloud and the core of Internxt’s products and services is X Core.
X Core is a peer-to-peer (P2P) network which allows users to become network hosts by donating their computer resources, like storage, and earn passive income.
INXT token will be used as a means of payment for all Internxt services.
Development
Roadmap
X Cloud's and X Core’s Alpha versions have already been published early this year so anyone can check their code and the prototypes.
X Cloud’s Beta service is expected to be released in Q3 2018, and its commercial version in Q4 2018.
The waiting list for the X Cloud’s Beta is already open and Internxt is currently giving the chance to win 50 INXT tokens a week by signing up.
2019 will mainly focusing on growing and improving X Cloud’s service, like the X Cloud mobile app expected in Q1.
Partners
Internxt has partnered with Civic to use their identity verification services for user authentication to prevent, for example, the host of illegal content on the network, thus encouraging the correct and intended use of Internxt services.
Market
INXT ran a small crowsale in September 2017 where investors paid around $1 per token.
All unsold token were burned, resulting in the circulating and max supply of 629,610 tokens.
INXT is currently low ranked coin in coinmarketcap with a $3.5 million market cap, being traded at $5.70 per token.
The current price per token is already close to 600% over its ICO price and if it reaches or surpasses its competitors then gains between 30 and 150 times are realistically possible, making this token very undervalued at the moment.
INXT is currently listed on exchanges like CoinExchange, Yobit and IDEX.
INXT can also be bought on Internxt website.
Conclusion
Data storage decentralization, which benefits security and privacy, is much needed and blockchain can definitely be the solution, also allowing users to monetize their available storage space.
Internxt’s X Cloud solution have mainstream adoption in mind and if they can truly deliver a seamless product and experience then it can become the preferable decentralized cloud solution.
INXT has some high investment returns potential at the moment with Q3 not far off, considering that other projects only have product release exceptions next year, making Internxt a company to definitely keep an eye on.
