Materials by tag Cryptocurrency

There is a clear green light for new experimentation with the application of blockchain and distributed ledger technology (DLT) in Lombardy, an administrative region in Italy. It will enable to track the checks conducted to protect customers on agricultural products especially beef and dairy product chains in two giant firms in the Valtellina.

Recently, the Minister of Agriculture in Italy, Teresa Bellanova, commented on innovative technologies such as cryptocurrencies, blockchain and distributed technology and their relevance to Agrifood products.

After more than a decade of blockchain being used only for Bitcoins (BTC) and other cryptocurrencies, Italy has finally realized that it can have countless applications. Now, the country is actively developing the technology-based solutions for agrifood suppply chain.

The Bank of England (BoE) has come out to embrace Facebook’s digital currency project Libra despite the recent criticism it has been facing from various financial regulators across the globe.

On July 18th, MixMarvel, the renowned global blockchain game publishing platform, announced a prospect of becoming a KLAY BApp Partner of Klaytn, the public blockchain project of South Korea internet giant Kakao. MixMarvel will be the first globally integrated Layer-2 technology Partner of Klaytn.

On Wednesday October 9, 2019, the United Nations International Children's Emergency Fund (UNICEF), an agency that provides emergency food and healthcare to people globally, declared its plan to create the UNICEF Cryptocurrency Fund with the aim of supporting open source technology.

Litecoin has been trading in a tight range for the past few days of October 2019. This implies that the selling pressure has subsided. Also, aggressive buyers are absent from the demand zone. As the market fluctuates between $50 and $59 price zones, buyers and sellers struggle to take control of price.

The Ripple cryptocurrency (XRP) is presumed to have reversed as its price rebounds recently at the bottom. Previously, the world cryptocurrency market was making a series of lower highs and lower lows. Today, October 10, 2019, XRP's price is attempting to break the $0.29 and $0.32 supply zones.

As of late, security and scalability have been the two hottest topics in the blockchain space.