Category: IOTA news
The IOTA Foundation, the German organisation that oversees the IOTA virtual currency, has announced it is teaming up with Microsoft, Samsung and several other technology firms, to create a blockchain-based marketplace that lets them sell data such as weather and air quality data. This new marketplace is still in pilot phase.
As a result of the announcement, IOTA’s value has increased by 70 percent in a single day. IOTA has now taken over Dash and is now the fifth-largest digital asset by market capitalization.
According to David Sonstebo, IOTA’s co-founder and CEO, “IOTA’s seemingly ‘out of nowhere’ explosive growth can be traced back to the fact that it has been somewhat of a sleeping giant.”
Unlike most blockchain platforms such as Bitcoin, which use encrypted blocks to record transactions, IOTA’s open-sourcedigital ledger is blockless and allows users to make transactions on the network for free.
David Sonstebo added “At present, up to 99 percent of this precious data gathered is lost to the void. IOTA incentivize sharing of data through its zero fee transactions and by ensuring data integrity for free on the decentralized distributed ledger.”
“IOTA has resolved the three major issues of blockchain: fees, scaling limitations and centralization, and built up real-world partnerships and projects with world-leading companies since 2015. Unlike the overwhelming majority of projects in this space, IOTA has not done any paid promo, so now that there’s a steady stream of these large news stories the major technological advantages become known to the wider audience.”
He concluded: “I believe this is the reason for the rally, as well as the fact that IOTA just entered China and Korea, which are naturally huge markets, meaning a lot of new people buying.”
Posted in Bitcoin news, IOTA news
Trading 212’s app is currently the most popular trading app in the UK, from trading shares, commodities and now crypto-currencies. According to Trading 212, the contribution of crypto-currencies to its total business is significant.
Trading 212 is surfing the wave of the digital currencies market, which has increased from $10 billion to $170 billion in 2017.
Customers can already trade bitcoin, ether, bitcoin cash, dash, ripple, monero and neo. And before the year end, additional crypto currencies will be added, including ethereum classic, iota, eos, lisk, augur, zcash, qtum, omisego, cardano, ark, steem, stratis and waves. And for those who do not want to buy a full bitcoin, its Bitcoin Mini market quotes a price for 10% of the value of a bitcoin.
A key difference compared with most exchanges is that it uses contract for differences (CFDs). This may reduce the complexity and the risk of owning digital currencies but is banned in the USA.
The Trading 212 app also includes a real-time chat facility, educational tools and regular cryptocurrencies analysis.
A number of forex brokers also offer crypto-currency trading, such as InterTrader, Avatrade.com and Trade.com.
Posted in Bitcoin news, Cryptocurrency exchange news, Ethereum and Ether news, IOTA news, Monero news, Ripple and XRP news
The crypto-currency crash earlier this week was short lived: The crypto-currency market is now back in positive territory. After a sharp 25% correction, the market has recovered over $20 billion in just 24 hours.
The crypto-currency market appears to be as bullish as ever. Even the Chinese ICO ban announced on Monday could only make a temporary dip. It is likely that the annoucement from the Hong Kong Securities and Futures Commission (SFC) that ICOs will not be in violation of Hong Kong’s SFC regulations helped with the market’s swift recovery.
All the top 10 crypto currencies have been showing double-digit gains with litecoin, iota and monero leading the charge. And even the largest ICO tokens such as OmiseGo have also recovered quickly.
Posted in Cryptocurrency market news, IOTA news, LiteCoin news, Monero news