Hey everyone! Its been a while since I've been posting about altcoin news but now seemed a better time than ever with some big adoption news coming up especially for the 8th largest cryptocurrency in marketcap; IOTA.
Oliver Bussman, the former $3 trillion money manager and head of technology at one of the largest banks in the world has recently joined the team behind IOTA. He served the Swiss-based global financial services firm UBS from 2013 to 2016. Since he left UBS he has been very involved with the world of cryptocurrencies and blockchain as the president of Crypto Valley Association since the beginning of 2017 and is the founder of an advisory firm, Bussman Advisory.
Founder of IOTA, David Sønstebø said:
We are thrilled to have one of the world's foremost financial technology thinkers and actors with such gravitas and senior experience from world leading companies join the project.
Bussmann will represent the Foundation throughout the world,
This isn't the standard advisory role, he will dedicate a significant amount of time to raising awareness about what we are doing through his massive network.
His tweet about joining:
On other IOTA News,
they are planning on opening office with Bosch in Chicago, their sensors will use IOTA for secure data protocol:
This is a great video I'd recommend users interested in this cryptocurrency to watch, The 3rd Global Blockchain Summit of 2017 in Shanghai talking about IOTA's production ready applications they want to go live with in early 2018, minute 8:25 in the video is relevant to Bosch also.
Since a lot of people seem to have difficulty to grasp the total supply of IOTA and think that the market may be way too overbought lately, I just wanted to remind you of this.
The 2,779,530,283 (that's 2.779 billion) current circulation supply are MIOTA's. Since people tend to think that 1 IOTA is the same as one Bitcoin Satoshi I want to let you know that compared to that where 1 Bitcoin is 1 hundred million Satoshis, 1 MIOTA is only 1 million IOTA's. So to compare the two a bit better in value, you'd have to take 100 MIOTA's which are valued at $56 now to bitcoin's $3750.
Coinmarketcap recently dropped under the top 400 sites used worldwide
As google trends are also spiking up in search word for "cryptocurrency", it is nice to see interest increasing overall.
Steemit.com is currently just over rank 2,000 and its safe to say that they both compliment eachother since Steem is listed on coinmarketcap on a strong #21 position. If prices of Bitcoin and the rest of currencies reach new heights soon, this could bring another big adoption boom to cryptocurrencies. We are living in truly exciting times.
I have re-recorded the interview so it can be embedded onto the platform, no adrevenue is gained from the video as ads are turned off on my youtube channel.
