Tracking

Cryptocurrency companies and law enforcement agencies join forces to battle human trafficking. A new consortium of cryptocurrencies was launched in late April within the Anti-Human Trafficking Intelligence Initiative (ATII).

Since the launch of cryptocurrency and its underlying technology, blockchain, many were puzzled as to how it would revolutionize various sectors of the economy. Now, businessmen have found a new use case for blockchain technology in the sale of used mobile phones.

During the COVID-19 pandemic, the necessity to boost supply chain becomes critical, as shipment delays, especially if it concerns medical equipment, might cost someone’s life. Probably that is the reason for some organizations thinking blockchain technology could be the saviour of the ageing global supply chain infrastructure.

Many popular cryptocurrencies, including Bitcoin (BTC), have opened the week in the red and BTC has receded to a little bit over $7,000 after it touched $7,300 mark. However, the market prices are on the right track to rally.

The election to the National Assembly, which is normally held once every four years, is coming on April 15, and it has attracted a lot of people's attention. As previously it has been difficult to track electoral promises, now they will be recorded on the blockchain to make politicians actually fulfil them.

Italian energy sector is is exploring the potential of blockchain and distributed ledger technology for its potential to transform and improve the industry. The country starts a project that would allow Italians to pay utility bills with cryptocurrency.

Some tax experts in South Korea suggested that they first adopt low-level transaction taxes for the practical application of cryptocurrency taxation, and then gradually switch to applying capital gains tax. In the absence of a cryptocurrency-related bill, it is difficult to track all of the trading profits of investors, so it is reasonable to initially introduce a trading tax that proves only the existence of a transaction.

The breadth and complexity of the coffee supply chain globally makes traceability a pretty difficult principle to guarantee. The path of the beans is long and articulated: once they grow up they first reach the cooperatives, then move on to the export, shipping and import companies, face the roasting process, and then be managed by distributors and retailers, before reaching the end consumer.

Litecoin has made a convincing bullish move and it is approaching the overhead resistance. Despite its previous disappointing moves, the coin has proven every wrong right. Meanwhile, the coin is facing initial resistance at $46. LTC upward move may continue if price finds support after a retracement.