Blockchain technology is a watershed of trust in Italy not only from the available data but also from the increasing sensitivity towards the certification of the goods and services, and this has led to the surfacing of robust consumer attention.
Facebook, JPMorgan and Netflix are now in for the innovation game. Several giant institutions have entered the businesses related to blockchain and cryptocurrencies and this has given the industry a big boost. In the same sense, retail investors have also benefited since huge funds, derivatives plus many other monetary instruments are now accessible by the public.
Police detectives in the Chinese City of Zhenjiang recently confiscated about 4,000 bitcoin mining computers. According to the police, the miners illegally connected their mining machine to the Electricity grid. Further report indicates that electricity worth more than $3m was illegally used for mining.
A new project for solid waste collection management was recently launched in Italy. The blockchain-based initiative was implemented by Partitalia, a company that develops innovation based on artificial intelligence (AI), blockchain and wearable to simplify and improve people’s lives.
Italy is at the forefront of the Belgium-based distributed ledger technology (DLT) initiatives to test the use of blockchain technology systems and their prospective significance.
Professional United States football team the Miami Dolphins has made the decision to adopt the Litecoin cryptocurrency for purchasing tickets. This move has made Miami Dolphins to be among the first football teams to adopt cryptocurrency. In an important effort toward conventional adoption and appreciation, the Litecoin Foundation revealed that this teamwork will bring a significant configuration between Litecoin and Miami Dolphins.
Turkey plans on creating its own virtual currency and deploying blockchain into government systems. The government financial authority has included a central bank-issued cryptocurrency in its new 2019 –2023 strategic economic roadmap.
Samsung, the leading multinational electronic conglomerate based in South Korean, has launched a new software development kit (SDK) based on the Ethereum blockchain, The Block reports.
Electronic giant LG plans to expand its presence in the blockchain space. The company recently applied to register a new brand name to handle its activities. The new subsidiary will be charged with handling e-wallet for cryptocurrencies. Furthermore, the company’s IT subsidiary recently announced plans for adding food distribution services to its Monachain blockchain.
Blockchain Technology applications in cyber security range from data protection, decentralization, resistance to attacks among others. General digitization is associated with a heap of risks that developers and entrepreneurs need to be aware of. Although the full potential of the technology is yet to be explored, it is already preventing many cyber crimes across the world.
South Korean global electronics conglomerate Samsung adds Bitcoin (BTC) support for their blockchain Galaxy 10 smartphone. The Galaxy phone which supports cryptocurrency was officially launched back in March. Since then, the digital currency community has been seen increasingly purchasing the handset so as they can start trading and using the supported cryptocurrency through the Blockchain Keystore App installed in the phone.
A recent Kaspersky report shows that ignorance is slowing down Bitcoin, cryptocurrency and blockchain technology adoption in Italy. Around 84% of the Italian people have never bought or used cryptocurrency. The citizens fear that cryptocurrencies have no strong security, considering the losses users and exchanges have made since the Bitcoin inception.
A giant firm offering investment management services such as mutual funds, annuity management and fund platforms to both private and institutional investors, Fidelity International, is trying to explore Bitcoin, cryptocurrency and blockchain technology further, and this could see Bitcoin gain a lot of traction.
The Republic of India, the seventh-biggest nation by area geographically located in South Asia, has shown much disbelief in the new cryptocurrency owned by Facebook known as Libra aka GlobalCoin. In fact, the coin will not be allowed to operate in the country.
The world’s second cryptocurrency by market cap (MC), Ethereum (ETH), is bearish against the US Dollar (USD) and more downbeat against the leading digital currency by MC, Bitcoin (BTC), due to the fact that, a few weeks ago, ETH/BTC was seen almost breaking a major support. The support has been held for quite a long period and if it is broken now, we might see some dire significances, such as becoming a strong resistance: explicitly and implicitly.