Bitcoin Daily: China Debuts Blockchain-Backed Subway eInvoices; Bitcoin’s Crypto Market Majority On The Decline

Bitcoin Daily

Bitcoin’s share of the total cryptocurrency market is close to falling below 50 percent for the first time in over seven months.

CoinDesk reported that the crypto currently accounts for 50.9 percent of the market’s total capitalization, falling to a low of 50.54 percent on March 17. Before 2017, bitcoin held more than 70 percent of the market — but that was before new cryptos came on the scene.

In other news, China issued its first blockchain-based electronic invoice for a subway ride.

The invoice, which was issued at the Futian Station of the Shenzhen Metro, was developed by the Shenzhen Municipal Taxation Bureau with the help of Chinese tech giant Tencent, according to Coin Telegraph.

The system has already issued more than one million electronic subway invoices totaling up to 1.33 billion yuan (around $200 million).

A hacker is attempting to sell more than 26 million user records on the dark web for $5,000 worth of bitcoin.

According to The Next Web, this is the fourth data dump posted by the hacker, who goes by the name Gnosticplayers. Before this incident, Gnosticplayers had already dumped more than 840 million records since mid-February.

This new data includes files from companies including Indonesian eCommerce site Bukalapak; game development platform GameSalad; Estante Virtual, a Brazilian book store; online task manager Coubic; Notebook app LifeBear; and YouthManual, an Indonesian student career site.

And four companies presented real-world blockchain demos to the U.K. Parliament on Monday (March 18).

At an event organized by the All-Party Parliamentary Group on Blockchain (APPG Blockchain), IOTA, Oracle, Everledger and Lloyd’s of London gave live presentations explaining how blockchain can be used in real-life applications in supply chains for olive oil and diamonds (Oracle and Everledger, respectively), international trade (IOTA) and insurance claims and transactions settlement (Lloyd’s).

“This is a pivotal moment for the U.K., which could define our future leadership in governance, commerce and competition,” said Fernando Santiago, blockchain research and project manager at Big Innovation Centre, according to CoinDesk.


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