RATE Group | ICON (ICX) Jumps 25%, ICONLOOP Gets Government Recognition
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ICON (ICX) Jumps 25%, ICONLOOP Gets Government Recognition

27 Aug ICON (ICX) Jumps 25%, ICONLOOP Gets Government Recognition

Posted at 10:02h in Ethereum News by

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Cryptocurrency markets have been pretty flat over the weekend with no major movements for the top two, Bitcoin and Ethereum. A couple the altcoins have done very well however and one of them is ICON.

Often dubbed the Ethereum of South Korea, ICON has been making some big moves over the past week. ICX has been one of the best performing altcoins over the past couple of days. According to an ICON Foundation medium post its recently rebranded technology partner, ICONLOOP, has been selected to participate in ‘Cultivating Innovative Youth Talents 2018’ supervised by the Korea Ministry of Science and ICT (MSIT) and the Korea Institute for Information & communications Technology Promotion (IITP).

It is a large-scale government backed public project which aims at strengthening national competitiveness in technologies and solving the unemployment problem through the cultivation of youth talent. With around $100 million in government funding expected over the next four years the news is…

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