After yesterday’s crash, the market made a surprise recovery today. The total market cap added nearly $6 Billion in the last 24 hours. As Bitcoin was expected to fall further below $3,900, there was a sudden increase in volume from the bulls which pushed its price back above $4,000. Bitcoin is once again testing its resistance at $4,000, and it stands a good chance this time with the added momentum. The market has posted great profits, that all of the top 100 cryptocurrencies are flashing green right now. Some of them like EOS and Cardano have even posted double-digit gains.
In other news, IBM recently announced a new partnership with Evernym which will focus on accelerating the adoption of blockchain based decentralized identity methods. This is not the first time the two companies have collaborated together, but this announcement of an extended partnership “will also allow IBM and Evernym to continue delivering successful pilots with early adopters similar to the Job-Creds project between Workday and ATB Financial.” Also, Hershey Company, a leading American chocolate production company, has announced that it joined the AdLedger blockchain advertising consortium. Hershey has joined French media group Publicis Media and The Global Audience Based Buying Conference & Consultancy (GABBCON) in becoming the newest members of the consortium that develops shared ledger technologies for the digital advertising market.
1) Kraken has launched a futures trading platform. The cryptocurrency exchange Kraken recently made the following announcement on their Twitter feed: “Experience next-level trading with cryptocurrency futures! Kraken is the first & only crypto exchange to offer both spot and futures trading to clients. See our blog post for information on how to get started today!” According to their blog post, the new offerings come following the acquisition of Crypto Facilities, which is now known as Kraken Futures. (Read More)
2) Huobi Prime has completed its first initial exchange offering (IEO) and the “selective token sale” of TOP Network was conducted in three price limited rounds which ended in less than a few seconds. The offering sold all of the predetermined TOP tokens and the project was able to reach its hard cap in seconds. 1,500,000,000 TOP tokens were sold and this amount represents exactly 7.5 percent of the total token supply. The token quickly gained about 250% but as one would expect, members of the crypto community expressed major concerns over Huobi Prime’s inability to handle huge demand. Huobi Prime had a few hiccups during the auction and users complained that each round ended in mere sections rather than the 20-minute allotment This left a large portion of those wishing to participate without the opportunity to purchase tokens. (Read More)
3) As the IOST team continues to expand its userbase following the launch of its MainNet, the following message was posted on their Twitter feed: “You can now play #Dapps directly on TokenPocket! @TokenPocket_TP also supports node voting, and trading of iGas & iRam. Over 23,000 wallets already created, have you made yours yet? #iost #crypto #blockchain.” Now users can stay in the safety of the TokenPocket app when using their favorite dApps or participating in IOST governance. (Read More)
