WWF Uses a Blockchain to Eradicate Illegal Fishing and Slavery

According to an announcement from the organisation the transparency of the distributed ledger will prevent consumers from purchasing tuna from illegal, unreported, and unregulated fishing in the Pacific Islands. Additionally, it will help to eradicate human rights abuses. This is just another example of how the blockchain is being widely applied to different industries and not just the financial sector.

As part of the innovative initiative, WWF-Australia, WWF-Fiji, and WWF-New Zealand have teamed up with global tech innovator ConsenSys, information and communications technology implementer TraSeable, and tuna fishing and processing company Sea Quest Fiji Ltd. to deliver the project.

Reference: https://www.ccn.com/wwf-uses-the-blockchain-to-eradicate-illegal-fishing-and-slavery-in-the-tuna-industry/

Robinhood-Fueled Rally Stalls, Bitcoin in Red

Cryptocurrency prices went south on Monday after Japan’s Financial Services Agency (FSA) announced that it may conduct on-site inspections of domestic cryptocurrency exchanges in response to Coincheck’s $530 million hack. The Bitcoin price led the retreat with a five percent decline, and most other top-tier coins followed suit.

As a rule, Japan has been very welcoming to the nascent cryptocurrency industry, and favorable regulatory policies have enabled the country to become one of the ecosystem’s central hubs.

Reference: https://www.ccn.com/bitcoin-price-slips-into-the-red-as-robinhood-fueled-rally-stalls/

UK Bitcoin Traders Robbed

According to a report in The Mail on Sunday, four men wearing balaclavas kicked down the couple’s door and took the couple’s baby outside while they forced Aston and Jay to transfer their cryptocurrency holdings. Aston, 30, had reportedly executed more than 100,000 trades under the pseudonym “Goldiath,” and he and Jay, 31, jointly owned Aston Digital Currencies, a company they operated out of their home. “No one was seriously injured during the incident,” the publication cites a Thames Valley Police spokesman as saying.

Reference: https://www.ccn.com/uk-bitcoin-traders-robbed-gunpoint/

Unlocking bitcoin’s next rally is to observe Google search

Colas is not the first analyst to make the connection, with ARK Invest’s Chris Burniske previously pointing to a BTC/USD exchange rate that clearly reflected Google search trends. Burniske referred to it as “a virtuous Satoshi cycle,” evidence for which traces back to at least August 2017. Incidentally, today, a Google search of “bitcoin” yielded me 341 million results.

Fewer people have been searching bitcoin, and that waning interest is being reflected in the bitcoin price, which is currently trading in the $10,000 – $12,000 range compared to nearly a $20,000 bitcoin price in December. Colas concludes that interest levels as determined by Google searches show definite support for bitcoin’s “breakouts” and “pullbacks.”

Reference: https://www.ccn.com/the-google-effect-and-bitcoin-parallels-persist/

Cryptocurrency Watch : Bytecoin

Bytecoin (BCN)

Bytecoin is a private, decentralized cryptocurrency with open source code that allows everyone to take part in the Bytecoin network development. Privacy and security come naturally from using Bytecoin. The best solution for those who want to keep their financial privacy.

Instant private transactions are provided all around the world by the Bytecoin Network, they are totally untraceable, and they don’t require any additional fees.

Fiat currencies are assigned to specific territories while Bytecoin is bound to the Internet and therefore is international by default.

Current Price: $0.002626 USD
Website: https://bytecoin.org/
Type: Coin
Market Cap: $482,724,246 USD
Circulating Supply: 183,807,423,448 BCN
Total Supply: 184,470,000,000 BCN

Crypto Currency Market News