The volatile nature of Bitcoin and other cryptocurrencies sees them fluctuate according to market conditions. In this very week, the world’s leading cryptoasset traded above $8,320, but to our surprise, the digital asset is now falling to hit the $7,000 level.
A proposal dubbed “Document for Discussion” by Consob, a supervisory authority in Italy responsible for shielding consumers and investors from being overexploited by bad actors, to regulate initial coin offerings (ICOs) and all activities conducted by cryptocurrency exchanges deserves an in-depth analysis since the proposal carries a wide range of pros and cons.
Few token/coin issuers can boast an infrastructure necessary for its circulation. Often the digital asset remains inapplicable in daily life and soon adds up to the list of dead coins. A completely different approach was taken by the team behind KaratGold Coin (KBC), who came up with a number of software and hardware solutions for crypto users. One of them is a KBC-fuelled smartphone that utilizes a series of elegant solutions increasing the user’s security bar.
In an effort to have zero tolerance for fake Made in Italy products, the government, through the ministry of economic development (MiSE), 5 Star Movement (M5S) and other authorities, is exploring the potential of blockchain and distributed ledger technology.
New Zealand (NZ)-based cryptocurrency exchange Cryptopia Ltd recently appointed two liquidators, David Ruscoe and Russell Moore, from one of the globe’s biggest professional firms that offer assurance, tax and advisory services.
Blockchain solutions allow tracking goods through the entire supply chain. A large number of consumers in Italy are highly interested in knowing their origin, how these products are manufactured, handled, transported and other important processes being involved. Companies need to up their game to meet the demands of their customers.
The South Korean technology corporation Samsung announced its intention to build in a cryptocurrency wallet in a line of new budget smartphones, based on a prototype of Galaxy S10. The conglomerate has been actively popularizing blockchain and doesn’t seem to be stopping.
The Italian market for cryptocurrency and blockchain technology has positive changing aspects, according to the analysis of the Blockchain and Distributed Ledger Observatory of the Politecnico di Milano. Many individuals, companies, institutions, are waiting for the blockchain opportunities, while others are trying to acquire digital trainings, knowledge and skills to compete favorably in the market. There are interesting indications on the status and projections of Blockchain and other futuristic technologies in Italy.