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IOTA [MIOTA]: IOTA partners with French Agtech startup as prices surge

Rishi Raj

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IOTA [MIOTA]: IOTA partners with French agtech start-up; prices surge
Source: Pixabay

A French Agtech startup, OKP4, is using IOTA’s “Tangle technology” to obtain and exchange information on temperature and yields of farms. OKP4, abbreviated as Open Knowledge Platform For…, aims to use an open-source platform in the agricultural sector as an information hub, while exchanging data with sensors placed in fields.

Using a decentralised open-source protocol to exchange data and virtual money, the startup is trying to encourage the collation of agricultural big data independently, without having to contact a third person. IOTA enables this since it consumes low energy for the exchange of information, something which is advantageous for farmers.



As reported by a French news daily, Co-founder and CEO of OKP4, Fabrice Francioli said,

 “IOTA will allow us to multiply connections to other systems and move from data economy to knowledge-based economy. With the utility of tokens of cryptocurrency associated with IOTA, we can reward farmers according to the information that bring to the entire community.”

In the middle of partnerships such as these, IOTA saw a price rise of 6.71% over the last 24 hours, putting the price at $0.38. IOTA is ranked 16th with a market cap of $1 billion.





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Binance Coin [BNB] registers ATH as it surges by over 16,000% since inception

Namrata Shukla

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Binance coin [BNB] registers ATH as it surges by over 16,000% since inception
Source: Pixabay

The cryptocurrency market continued to register massive growth, as the prices of most major cryptocurrencies soared. However, the late entrant to the list, Binance Coin [BNB] is posing to be tough competition for other coins in terms of performance. BNB which entered the crypto market in July 2017, breached its all-time high and was trading at $28.79, at press time.

Source: Trading view

Source: Trading view

Binance Coin started out in July 2017 with a value of $0.1927 and marked its all-time high on May 18 at $31.91, according to the Trading View chart of the coin on Binance. BNB noted the growth of a massive 16,458.31% since 2017. However, until the beginning of 2019, BNB was valued at $6.59, after which the coin noted a surge by 384.15% and peaked at $31.



Source: CoinMarketCap

Source: CoinMarketCap

In the month of May, BNB noted a 28.16% growth, and the coin was valued at $28.66, with a market cap of $4.04 billion. The 24-hour trade volume of the coin was reported to be $551 million as it spiked by over 10% in a day. In the past seven days, the coin grew by 35.97%, but slipped by a minimal 0.25% in an hour.

BNB was highly traded on its native exchange, Binance via the BNB/BTC and BNB/USDT pairs. The BNB/BTC trading volume noted on Binance was $140 million, while the volume reported on the BNB/USDT pair was $132 million. The third place was taken by BKEX via the BNB/USDT pair as it registered a trading volume of $72 million.





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