While the market made minor gains yesterday, it was once again pushed back to the same level over the last few hours. Top 10 cryptocurrencies, accept Bitcoin are in red right now. However, altcoins beyond that continue to enjoy anonymity from Bitcoin. The market initially added nearly $1.5 Billion. However, $1 Billion was wiped out over the last couple of hours and the total market cap is at $140.15 Billion right now.
In other news, on March 19 Bitcoin mining hash rate reached 52 quintillion hashes per second, the highest in the last 4 months. As hashrate increases, the Bitcoin mining network gets more secure. With the mining difficulty remaining almost flat for a month, new miners are entering the market. Over the next few days, this difficulty is set to increase significantly due to the recent surge. Also, Shenzhen, a popular Chinese region known for technology and manufacturing has announced a partnership with tech conglomerate Tencent to promote transparency in the transportation system. It involves a digital invoicing system that uses blockchain. The entire metropolis could use the solution, and it makes every invoice checkable, verifiable, reliable and traceable.
1) According to an announcement by Jack Dorsey through a tweet, Square is planning to hire three or four engineers and a designer to work on the company’s Bitcoin initiative. According to the payment startup’s spokesman, these engineers and a designer would work full time on open source contributions to the virtual currency and crypto ecosystem. According to the startup’s CEO, Dorsey, the new hires would concentrate on the best interests of the crypto community and would be paid in Bitcoin. (Read More)
2) After Binance and Bittrex, cryptocurrency exchange Gemini has announced the launch of its token sale platform. Called ‘Huobi Prime,’ some coins will be offered at a discount before their launch. These coins will be selected by Huobi based on the quality of the product and team, the financial backing, as well as whether it was listed on any other major exchanges. The platform is set to launch on March 26 and each listing will involve three rounds of sales that would last 1 hour each. The tokens will only be sold for Huobi Tokens (HT), and users will be capped at 2,200 HT (approx. $1,000) per sale. (Read More)
3) On Wednesday Endless Game officially launched on IOST Mainnet and the decentralized application (dApp) surpassed 100 million in transaction volume in just 5 hours. Endless Game is the first (dApp) to officially launch on IOST mainnet and all dApp users and IOST supporters are encouraged to visit iost.endless.game. IOST price also appears to be reacting positively to the increased transaction volume. (Read More)
