The OweMe, a blockchain-based platform, has raised $1 million in funds through a seed funding round. The pi Ventures also invested in the blockchain platform. The OweMe aims to equip its product and human resource with the raised funds. The company, based in London, is registered with the Financial Conduct Authority (FCA), a U.K. regulatory body.
Ethereum trading cap had rose from $870 to $1,260 over a week. It is now traded at $1,180 with notable increase of 35%. Ripple had dropped by 35% overtime and had shed $50 billion. This contributed to the change in market capitalization chart on which Ethereum secured the second position pushing Ripple beneath it.
Being the popular ‘tipping system’ as quoted on its website; the Dogecoin broke to $1 billion on market capitalization. It was brought out by mining Bitcoin genesis block together by Billy Markus, the programmer, Jackson Palmer, the project manager and data analyst at adobe. There were 112 billion Dogecoins in circulation and now the market cap of the coins carry value similar to 72,423 bitcoin.
The altcoin TRON (TRX) which is official addressed as TRONIX had gained popularity in the market today. The share price of TRX was at $0.00215 in December which is now traded at $0.276378. The market capitalization of the coin had grown six fold from $2.8 billion to $18.7 billion. TRON is expected to enter into partnership with public listed companies sooner.
According to CoinMarketCap, the capitalization of cryptocurrencies jumped up to $770 billion. The Ethereum token had hit $1000 for the first time after attaining $900 in the previous trading day as broadcasted by CoinDesk’s Ethereum Price Chart. Notwithstanding the fact that the price has outdid, Ethereum still remains the third largest cryptocurrency.