Crypto Daily: DigiFinex Invested in Korean Crypto Wallet Startup CoinUs; Square Is Hiring New Crypto Engineers, and Wants to Pay Them in Bitcoin.

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DigiFinex recently invested in the Korean blockchain project CoinUs and reached a strategic partnership. The two companies will collaborate in sales, marketing and technical service operations.

CoinUs is one of the largest decentralized wallet service providers in Korea, offering mobile wallet services for BTC, ETH, ERC20 tokens and EOS, and is the new champion of the Korean blockchain competition- Allbit Project 5.

CoinUs will help DigiFinex develop international market, and provide new services.

DigiFinex co-founder Kiana said: “CoinUs is a cryptocurrency wallet service provider focused on convenient crypto management and user security. We believe that CoinUs has great potential to become a market leader, and we look forward to their new dual-coin (CNUS / BNUS) structure, this feature will be used for airdrop, trade and micropayment services.”

In case you have been wondering why Jack Dorsey (Twitter, Square) has been publicly annoucing his purchase of Bitcoin lately. Here could be one of the reasons:

[coindesk] Payments startup Square plans to hire a number of engineers and a designer to work on its crypto initiatives, according to tweets from CEO Jack Dorsey.

Dorsey, who also founded and runs Twitter, announced Wednesday evening that Square plans to hire three or four engineers and one designer “to work full-time on open source contributions to the bitcoin/crypto ecosystem.” A Square spokesman said there was no additional information to share beyond the tweets.

Perhaps more notably, these new hires have the option of being paid in bitcoin, Dorsey said.

All work will be open source, and according to Dorsey, the new hires will not be focusing on Square’s own commercial interests, but rather, “on what’s best for the crypto community.”

Dorsey has long been a proponent of bitcoin, repeatedly saying he hopes that bitcoin will become the internet’s — and the world’s — single native currency in the far future.

In Wednesday’s tweet thread, Dorsey added that improving the crypto ecosystem seems to be “the most impactful thing” Square can do for the community, going on to say:

Square has taken a lot from the open source community to get us here. We haven’t given enough back. This is a small way to give back, and one that’s aligned with our broader interests: a more accessible global financial system for the internet.”

Square’s Cash App already supports bitcoin purchases and sales, and Dorsey previously announced that it would support the Lightning Network, a layer-2 solution aimed at facilitating small, fast transactions.

[ambcrypto.com] Bitcoin growth received a major boost, after its hash rate recorded its highest level in 4 months, on 19 March.

According to data released by Blockchain.com, Bitcoin’s hash rate data surged to 52 quintillion hashes per second. The hash rate last reached similar levels in November, when the hash rate crossed the 54 quintillion mark. The highest hash rate ever recorded was around 62 quintillion hashes per second, in August 2018.

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Bitcoin Hash Rate graph | Source: Blockchain

Bitcoin mining is an important aspect of the token’s crypto ecosystem, and Bitcoin’s hash rate is the computation of Bitcoin miners’ performances. The hash rate measures the performance and efficiency of miners who secure the crypto network. Higher the hash rate, more the number of resources required to successfully mine Bitcoin.

Hash rate is a crucial indication of the mining community’s sentiment. Rising hash rate implies that there is a build up of confidence in the miner’s minds, indicating a more secured Bitcoin network.

Rising hash rate also indicates that more and more miners are joining the network. The present rise in Bitcoin’s hash rate suggests a completely different story than the one last year, when a lot of miners quit the coin’s mining network.

Disclaimer: The Daily Crypto Report is curated by DigiFinex for your reference only, it is NOT an investment advice.

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