ETC

The Asia region is known for its contradictory relationship towards blockchain technology plus cryptocurrency and its decentralized nature. Some countries such as China, Japan, Singapore, Hong Kong, South Korea, etc., embrace it for its innovativeness and disruptive potential, while others try to strictly regulate or even ban it.

In an effort to fight modern slavery in supply chains, major companies are exploring and experimenting with blockchain and distributed ledger technology (DLT). Ascertaining whether products especially minerals including cobalt, gold, copper, etc., are obtained and produced decently is very hard when it comes to supply chains since it is a complex process.

California-based e-commerce platform eBay is expected to pave the way for the creation of a favorable cryptocurrency environment. Their new ad hints that the giant might be preparing to accept digital currencies such as Bitcoin, Ethereum, Ripple, etc. on its website.

Blockchain technology has played an important role in boosting the sharing economy’s technological infrastructure and developing innovative services in Italy since it is seen as the most suitable solution to major issues including security, privacy, transparency and interoperability.

In an effort to improve the situation on the roads, U.K-based car manufacturer Jaguar Land Rover (JLR) is experimenting with smart wallet technology that will enable auto enthusiasts to be rewarded in the form of IOTA cryptocurrency for various actions like reporting traffic jams, potholes, accidents etc. to responsible local authorities.

Because of far-flung use cases of blockchain and cryptocurrencies, a lot of Italians and other people globally have been asking how to securely invest in this nascent technology. Here are the main tips and factors investors in Italy need to understand before investing in the crypto, blockchain and distributed ledger technology sector.

Giant Singapore-based crypto exchange DragonEx announced on Tuesday March 26, that its platform has been attacked by anonymous hackers who escaped with a weighty amount of user funds. The overall amount of stolen funds is not yet known.

Ethereum Classic (ETC), a byproduct of the globe’s second most famous cryptoasset, has been hit by several big attacks on its blockchain technology network. Anonymous hackers vanished with over $1.5 million (approx. £1.2m) by conducting a 51% attack on Etereum Classic’s rudimentary technology. At the time of press, ETC is exchanging hands at $4.68 USD (-7.15%).

Blockchain technology adoption is growing highly in several nations all over the world, many of which are looking to support its establishment for government use while nations such as the UK, Japan, US and South Korea etc. are trying to regulate the sector to batten security of users.