Virtual Money Blog
Bitcoin news today (March 7): Look for signs of a breakout
After a little rebound yesterday, the price Bitcoin The past few hours and many other cryptocurrencies have increased slightly. The whole world of green digital currencies dominates.
Over the past 24 hours, the price of bitcoin has moved in a narrow, negligible range.
Today's bitcoin exchange rate (March 7) recorded at 10:30 at $ 9,128, up 0.64% from the previous 24 hours. The bitcoin market capitalization is maintained at 166.18 billion USD, the market dominance rate (market share) of bitcoin is at 63.2% – according to BTA's bitcoin exchange rate (https://blogtienao.com/ty-gia/BTC/bitcoin/)
On the market, there are 71/100 cryptocurrencies at market value appreciating compared to the previous 24 hours. The highest increase of 22.81% of Hedera Hashgraph and the strongest decrease is ABBC Coin with 8.20%
Among the top 10 currencies, 9/10 have gained compared to the previous 24 hours.
The total market capitalization of digital currencies recorded at 10:30 at 263.41 billion USD, an increase of 4 billion USD compared to the previous 24 hours.
24-hour trading volume on the market decreased slightly to US $ 137.14 billion, down US $ 3 billion compared to March 6.
Along BTA review the news available in the day, the content in the article will be updated as new news ..
1) China has the first official blockchain industrial park
Hunan Province of China has just approved the establishment of Wanbao blockchain industrial park in Loudi city. This is the first blockchain industrial park in Hunan Province, according to a local news site.
According to the 2019 Blockchain industrial park development evaluation report, Loudi ranks 17th in local blockchain industrial parks.
Loudi blockchain industrial park attracts many businesses in the industry such as Shareslink, Hyperchain, Incite Data and Shenzhen Defang Technology.
Hunan Province plans to build three blockchain industrial parks: Loudi City blockchain area, two other areas including jingkai district and Gaoxing district in Changsha city.
2) HTC launches a blockchain router that allows users to run both bitcoin nodes at home
Taiwanese electronics manufacturer HTC is making a blockchain router that allows users to run an entire bitcoin node at home.
The new device has an EXODUS 5G Hub, which is expected to launch in the second quarter of 2020. This device aims to enhance data security in the home by allowing users to hold private keys via a hardware wallet.
The goal of this device is to challenge the dominance of smart devices by large companies like Amazon Alexa, Google Nest, Facebook, … when these devices are vulnerable to attack.
“When you use the software key, this means that the key is on the system and the cloud company has access to it.”
This blockchain router allows users to run an entire Bitcoin node through Zion wallet, HTC's hard-coded advertising platform.
Users will be able to receive transactions independently of third parties. At the same time, each user also increases the security of the entire system by helping forward the transactions of other users.
3) Expand payment support for other cryptocurrencies
Bloomberg news agency said on Wednesday that Facebook and its Libra Association partners have abandoned their intention to make Libra digital currency the center of its digital payment strategy.
Instead, the Libra project's blockchain-based payment network will support storage and payment for both digital versions of sovereign currencies issued by central banks. on the side of the Libra cryptocurrency.
According to The Information, Facebook also delayed the launch of Calibra digital wallet. Initially, Facebook planned to launch Calibra digital wallet this summer. But now, Facebook has postponed its launch date in October.
The Libra project, first announced by Facebook in June last year, was a bold but risky ambition to revolutionize money transfer.
At the same time, Facebook and its partners are at the center of the digital payment industry based on blockchain technology.
The project consists of two parts: the Libra cryptocurrency, designed like other digital currencies like Bitcoin but backed by a strong currency basket to make it more stable and less speculative.
The rest is a blockchain network used to serve as the technical platform for Libra cryptocurrencies and act as a tool to verify Libra transactions and ownership.
When announcing the Libra project, Facebook expressed its ambition to build a single globally used cryptocurrency.
Accordingly, anyone, especially 1.7 million people without a bank account in the world, can use Libra electronic money to send money to anywhere in the world with very low deposit fees. .
Facebook had foreseen that the project would be subject to regulatory scrutiny, so the group created a non-profit organization called the Libra Association.
The organization is headquartered in Genava, Switzerland, with a list of members including Facebook and digital wallet Calibra, and more than 20 other companies including notable names such as Mastercard, PayPal, Visa.
The Libra Association is tasked with overseeing Libra's cryptocurrency development as well as the blockchain network that supports it.
Nine months later, when the project was met with strong protests, Facebook and the Libra Association sought to fix it, according to three Bloomberg sources.
They said Facebook was redesigning the Libra project as a payment network that could support many other cryptocurrencies.
This includes cryptocurrencies issued by central banks and backed by dollars, euros or other sovereign currencies.
However, if the Libra project becomes more like a payment network than a single universal universal currency.
It is not much different from the payment systems currently being operated by PayPal Holdings and many other financial technology startups.
Mr. Dante Disparte, Director of Policy and Communications of the Libra Association, issued a statement affirming: “The Libra Association does not change the goal of building a global payment network that complies with the management regulations and principles. the basic design principles to support that goal have also not changed ”.
4) updating …
Bitcoin news today (March 7): Look for signs of a breakout
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