Well, Bitcoin continues its downward trend dropping to its lowest level in a week but it still remains above seven thousand US dollars. In the last month, it fell to around six thousand. The cryptocurrency market is looking very well today. So, let's take a look at some of the biggest losers in the top of 100.
Wanchain suffered losses of more than 20% today and right behind it is Waltonchain and Waves suffering losses of more than 19%.
Now let's take a special look at IOTA as it hits the lowest level in a few months. IOTA architecture made more challenging for service providers like exchanges to integrate IOTA compared to traditional block chains. Well, today the IOTA Foundation announced its IOTA hub which they hope will solve some of these issues.
The hub offers a standardized open source solution to these issues using a simple G or PC API. This makes integrating IOTA simple for any kind of service provider. Using hub an exchange can be ready to support IOTA in weeks rather than months just by connecting the hub to their existing trading platform.
A large amount of training volume for iota comes from Bitfinex and Binance. The foundation also decided to make Dave de Fijter, the new IOT foundation member. He has been part of the IOTA community since November of last year and helps move the IOTA community from slack to discord when it grew too big for slack. Dave will also be involved in online community liaison at the IOTA foundation.
So, do you think this new hub will actually be able to make some difference and boost IOTA? Well, share with us your thoughts in the comments below and have a nice weekend you.