A study has been published showing that issuing stablecoins such as Tether and Circle’s USD Coin (USDC), don’t cause the prices of other digital currencies like Ether, Ripple, etc. to surge. So far, there have been few sentiments in the cryptoasset industry that the connection between stablecoin issuance and digital currency price is large.
This week the crypto currencies outlook has divergence performance. Ethereum Classic and Monero are still making positive moves as the respective markets reach the overbought region of the daily indicators. The altcoins are presently retracing in the overbought regions. Meanwhile, Tezos, Stellar and LINK are presently in a sideways trend as the coins battle the overhead resistances.
For a large number of Italian Chief Procurement Officers (CPOs), Industry 4.0 technologies including blockchain or distributed ledger technology, cryptocurrency, internet of things, mobile devices, etc. will be of great impact: including Robotic Process Automation which will be crucial for 35% of managers. The purchasing sector, one of the key areas for employment in Italy, with more than 50,000 employees, is facing a crucial period of change. However, the country needs to focus on corporate reorganization and investment in skills.
The Indian government is planning to develop effective contracts using innovative technologies including blockchain. Agreement implementation is a main engine of an economy where all financial dealings such as transactions, are principally agreements among the participants, such as companies, governments, organizations, etc.
One of the requirements of the blockchain to change a chain lock is that this decision is validated by the majority of decision-making power. Nothing could be more democratic, one would say. That's why it was initially seen as a system without masters where everyone can participate, in theory. Many Italians doubt whether technologies including cryptocurrencies, smart contracts, etc. are secure or not.
Several investors are gradually withdrawing from the Bitcoin, cryptocurrency and blockchain industry. This year has been a good period for cryptocurrencies as some popular digital assets, such as Bitcoin (BTC), recording over 100% in Return on Investment (ROI). Albeit, funding has considerably condensed and investors appear to be backing off or considering to pull back. The big question however remains as to why this is happening at this time?
According to a recent study conducted in May 2019, it is clear that the number of people ready to invest in cryptocurrencies including Bitcoin, Libra, Ether, Ripple, etc. is growing rapidly. Since last year, the digital asset market has soared by over 45%, and if the trend remains like this, the American cryptoasset market is expected to expand further in the next one year.