How are blockchain products focused on agriculture doing?

There are many use cases of blockchain that can help advance the agriculture industry.

With billions of dollars at stake, are there any companies ready to push towards innovation?

Some projects have been working for years on the implementation of an idea, and based on crowdfunding, but still have not launched their product.

There is a lot of talk about the adoption of blockchain products in various industries; the agricultural sector and markets are no exception to this rule.

There are dozens of blockchain-based startups and initiatives that aim to advance agriculture. Among the most recent developments in this area is Singapore’s announcement of a contribution of $ 9 million to boost the use of blockchain in several sectors of the city’s economy.

As part of a particular partnership, Singapore’s blockchain innovation program will collaborate with agricultural startup DiMuto. The two parties aim to develop a project for traceability of agricultural products based on a blockchain system.

Blockchain is believed to help the agricultural sector in a number of ways including improving supply chain management, product authentication, inventory management, energy consumption, sustainability initiatives, and more. The question, however, is whether any of these ideas have been put into practice and how agriculture-focused blockchain products actually fare today.

Digitize data to prove the viability of agricultural products

To answer these questions, BeInCrypto called on Paul Ryan, executive director and co-founder of Aglive. It is a startup that deploys blockchain and Internet of Things (IoT) data to track products from creation to plate by digitizing the food supply chain. This Australian company has an active product and is already working with farmers.

According to Ryan, the market for agrotechnology is there, and it may enable “the ability to fully track and provide evidence for all data points in the supply chain visible to all, which has resulted in consumers the opportunity to get exactly what they bought ”. He added :

Food fraud is a major problem, costing up to $ 40 billion a year. The blockchain allows us to guarantee that our products are legitimate and safe. Families deserve to know that everything they buy is exactly what it says it says.

The agricultural industry could benefit greatly from the gradual introduction of blockchain technology. That said, one of the main challenges is that agriculture is an industry that often lags behind in terms of technological innovation, Ryan said. Many farmers continue to use paper records, which makes managing farm data difficult and time consuming.

In addition to tracking products from farm to fork, allowing for greater analysis, information sharing and improved procedures, blockchain can be used to ensure financial stability and subsidize those working in the field of agriculture.

According to Ryan, some farmers want to double the value of their income. They have no hope, however, unless they can raise capital for the farming community to protect their livestock from drought, improve their methods and equipment. To ensure the cash flow, you need banks that have confidence in agricultural practices. He also clarified:

Traceability makes it possible to titrate loans. If farmers have a steady cash flow from blockchain-based loans, they can focus on what they do best. This is a unique opportunity to connect the dots and strengthen the confidence of insurers and financiers. Data comes first: once you get it and it’s accessible via blockchain, you can turn the farming practice into a value-added service, because all the information is there and verified. The blockchain will boost investor confidence.

Wall Street Veteran Kickstarts Own Bitcoin Fund med $ 25 mio. Investering

Wall Street har været overalt i Bitcoin de sidste par måneder på grund af væksten i behovet for en inflationssikring og en relativ stagnation i guldprisen i forhold til andre aktivklasser.

Så meget blev bekræftet for nylig, da en Wall Street-veteran og tidligere medarbejder i Det Hvide Hus lancerede en BTC-fond med sin egen investering på $ 25 millioner, hvilket viser, at der er efterspørgsel efter det førende kryptoaktivt.

Scaramucci Kickstarts Bitcoin Fund

Ifølge Yahoo Finance har Anthony Scaramucci, grundlæggeren af $ 9,2 mia. Fund-of-Fund SkyBridge Capital, lanceret en Bitcoin-fond for at gøre det muligt for registrerede investeringsrådgivere (RIA’er) at investere i BTC.

SKyBridge, som vil drive fonden, indgav for nylig en formular D til Securities and Exchange Commission for denne nye fond. For at starte fonden og vise, at han har tillid til den, har grundlægger Scaramucci lagt 25 millioner dollars af sin egen kapital i fonden.

Han mener, at denne fond vil give et bredere antal investorer mulighed for at få eksponering for BTC. Spørgsmålet er, at mange institutionelle aktører eller endda detailhandlere har svært ved at investere i BTC.

Wall Street Support svulmer op

I et tegn på fortsat Wall Street-understøttelse af Bitcoin har mængden af mønter på børser været i et kraftigt fald. Med henvisning til diagrammet set nedenfor sagde Rafael Schultze Kraft, CTO i Glassnode, for nylig:

“#Bitcoin er i en forsynings- og likviditetskrise. Dette er ekstremt bullish! Og meget undervurderet. Jeg tror, vi vil se dette markant afspejlet i Bitcoins pris i de kommende måneder. Lad os se på dataene. „

En stor køber af disse mønter er MicroStrategy. Det amerikanske forretningsservicevirksomhed skrev i en pressemeddelelse, der blev offentliggjort tidligere på ugen, at det har købt $ 650.000.000 i værdi af BTC:

“TYSONS CORNER, Va .– (BUSINESS WIRE) –Dec. 21. 2020 – MicroStrategy® Incorporated (Nasdaq: MSTR) („virksomheden“), det største uafhængige børsnoterede business intelligence-selskab, meddelte i dag, at det havde købt yderligere 29.646 bitcoins til cirka 650,0 millioner dollars kontant i overensstemmelse med dets Treasury Reserve Policy til en gennemsnitspris på ca. $ 21.925 pr. Bitcoin inklusive gebyrer og udgifter. ”

Virksomheden mener, at BTC over tid vil sætte pris på at øge værdien af gælden, da den købte disse mønter med gæld genereret gennem salg af senior konvertible sedler.

The CME’s bitcoin futures open interest has made a new high at $1.47 billion.

Over the past week, in fact, it has grown by as much as 42%, from $1.03 billion in the previous week to nearly a billion and a half.

The previous all-time record was 1.13 billion, recorded at the end of the first week of the month, on December 6, so the one recorded last week is 30% higher than the previous record.

In fact, it was the entire crypto derivatives market that grew significantly as a whole, most likely driven by new all-time highs in the price of BTC.

Given that open interest is the value of outstanding contracts that have yet to be settled, the new record suggests that more money is flowing into this market, and that many traders are probably expecting increased price volatility in the near term.

Furthermore, since CME Bitcoin Revolution futures are traded on the Chicago exchange, they are derivative products for traditional investors and the new record shows that in the course of this 2020 the interest of traditional investors in BTC speculation has increased a lot.

Considering the crypto markets as well, the aggregate open interest of all bitcoin futures contracts rose to $8.78 billion, clearly revealing that the largest volumes generated by these contracts are traded on crypto platforms.

Bitcoin Future, open interest on the CME and other exchanges.

The single platform with the highest open interest in fact is OKEx, with 1.56 billion, followed precisely by CME with 1.47 and Binance with 1.4. In third and fourth position there are two other crypto platforms, Bybit and Huobi.

The aggregate open interest of ETH futures contracts also reached a new all-time high at 2.06 billion dollars.

In this case, however, these trades are all on crypto platforms for now, although in February they will also be launched on the CME.

Therefore the interest is not only growing on Bitcoin, but in general on the whole crypto market.

Moreover, the crypto derivatives market seems to be set to increase significantly in size in the near future, revealing that the interest of investors and speculators is following a long-term growth trend.

Robot Ventures, andra tillbaka ‚Crypto Stripe‘ Flexa i $ 6M Raise

Robot Ventures, andra tillbaka ‚Crypto Stripe‘ Flexa i $ 6M Raise

„Crypto Stripe“ Flexa Network har slutfört en ytterligare höjning på 6 miljoner dollar i en privat försäljning av sin AMP-token som släpptes i september, vilket totalt uppgick till 20 miljoner dollar, samt en översyn av infrastrukturen för sin kryptobetalningsplattform, som utvecklats tillsammans med riskkontoret. ConsenSys.

Flexa har ett uppdrag att få Bitcoin Up krypto direkt till handlare med sin digitala plånbok SPEDN. Appen tillåter användare att spendera flera kryptovalutor för försäljningsställen hos handlare som Nordstrom, Barnes & Noble, Express eller Lowe’s.

Flexas privata försäljning av sin AMP-token avslutades den 20 november. Nya avslöjade aktörer inkluderar Compound Finance-grundaren Robert Leshners Robot Ventures II, Starwood Capital-grundaren Barry Sternlicht, AlpInvest-grundaren Volkert Doeksen och Innopays grundare Douwe Lycklama.
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Flexa har tagit ett första handelssätt för att få kryptobetalningar mainstream, berättade Flexas grundare Tyler Spalding till CoinDesk i en Zoom-intervju. Starten planerar att gradvis decentralisera sin plånbokstjänst samtidigt som den tillhandahåller mer centraliserade programvarulösningar för handelspartner, säger Spalding.

”[Crypto] ligger utanför kärnbetalningsflödet, det är därför du inte ser Target eller Walmart eller Home Depot eller dessa andra killar accepterar de här sakerna, för det är inte en del av vad de verkligen gör. Vi har byggt detta med köpmän från början, säger Spalding.

Flexa konverterar FXC till AMP

Den nu out-of-favour Flexacoin (FXC) – som såldes under 2018 och 2019 privata finansieringsrundor – byts mot AMP mot bakgrund av en uppgradering av betalningsnätets backend, sa han. Flexacoin-innehavare kan migrera till den nya token på en-till-en-basis via den officiella portalen. Spalding sa att FXC ofta var felaktigt för sig själv som en betalningstoken. ERC-20-stiltoken är bara infrastruktur för Flexa Network.

Den nya modellen tillåter „villkorad“ insättning av AMP-token för säkerhetshantering utan att de behöver överföras från den ursprungliga adressen. Nätverket innehåller en funktion, transferByApproval, som möjliggör en mer dynamisk säkerhetsstyrning av externa konton. Spalding hävdar att funktionen är en ny Ethereum-adressfunktion som kräver tokenbyte. Projektets kod granskades av Trail of Bits och ConsenSys Diligence.

”Delningsstrategier kan användas för att systematiskt bevilja kontrollerliknande behörigheter till olika aktörer i ekosystemet. Detta gör det möjligt för AMP-avtalet att utföra vanliga implementeringssituationer för säkerhetsförvaltare, ”visar ett nytt tekniskt dokument tidigt för CoinDesk.

Kryptobetalningsleverantören släpper också Flexa-programvaran som en SDK med öppen källkod i januari, sa Spalding.

Alleen ‚Ethereum only‘ beleggers groeien, volgens Grayscale

De vermogensbeheerder zegt dat Ethereum’s massale aantrekkingskracht toeneemt.

Bitcoin (BTC) heeft veel beleggers verslaafd gemaakt aan crypto, maar het is Ethereum’s Ether (ETH) dat meer aandacht begint te krijgen, volgens Grayscale.

In een telefonisch interview met Bloomberg zei directeur Michael Sonnenshein dat er in 2020 een aanzienlijke toename is geweest van „Ethereum only“-investeerders, wat de groeiende aantrekkingskracht van de asset buiten de ontwikkelingsgemeenschap onderstreept.

Hij zei:

„In de loop van 2020 zien we een nieuwe groep beleggers die als eerste en in sommige gevallen alleen het Ethereum is. […] Er is een groeiende overtuiging rond Ethereum als activaklasse.“

Grayscale beheert een klasse van fondsen die beleggers een directe blootstelling aan de cryptocurrency markt bieden. Hoewel Grayscale’s Bitcoin Trust het meest populaire fonds blijft, heeft haar Ethereum Trust ook een sterke stijging van de netto-instroom gezien.

In het derde kwartaal bedroeg de wekelijkse instroom in de Grayscale Ethereum Trust gemiddeld 15,6 miljoen dollar. De netto-investeringen in de grotere Bitcoin Trust bedroegen gemiddeld $55,3 miljoen per week. De Grayscale familie van fondsen zag eind oktober een recordinstroom.

Eerder deze week kondigde Grayscale aan dat haar Ethereum Trust op 17 december een negen-voor-één-splitsing zou ondergaan, een stap die het fonds aantrekkelijker zou kunnen maken voor investeerders. Zoals Cointelegraph meldde, zullen de aandeelhouders vanaf 14 dec. acht extra aandelen ontvangen voor elk gehouden aandeel.

Een groot deel van de groeiende aantrekkingskracht van Ethereum is de explosie van decentrale financiering, of DeFi, die bovenop de blokketen wordt gebouwd. Bloomberg Inlichtingenstrateeg Mike McGlone zei dat Ethereum „de status van platformleiderschap lijkt te behouden“ in deze opkomende markt.

De prijs van de ether is tot op heden met meer dan 353% gestegen, maar blijft op minder dan de helft van zijn recordhoogte.

Sonnenshein sprak over de toekomst van Ethereum en zei dat het slimme contractplatform „in dezelfde lijn ligt als de blijvende kracht die Bitcoin heeft“.

Central Bank of Canada now wants to introduce

Central Bank of Canada now wants to introduce its own digital currency

The Corona crisis could accelerate the creation of a Canadian central bank digital currency.

Timothy Lane, Deputy Governor of the Central Bank of Canada and also the Head of Research in its Crypto and Fintech Division, says that a Canadian Central Bank Digital Currency (CBDC) could come to the market „sooner than expected“.

Lane made the relevant comments in an interview on Tuesday about Bitcoin Evolution the Bank of Canada’s strategy for digital payment systems.

According to Lane, the expected decline in cash payments due to the Corona crisis is progressing faster than expected. This, in turn, could lead the central bank to release its CBDCs earlier than originally planned:

„In February, we identified two possible scenarios for which we wanted to be prepared. On the one hand, a decline in cash use and, on the other, the rise of digital currencies. Over the last nine months, there have been developments that could make these two scenarios a reality much sooner than we had thought.

These statements at least indicate that the Bank of Canada is now positive about the introduction of its own central bank digital currency.

In October, the central bank had initially pointed out the dangers and risks of CBDCs in a report

From this, it concluded that the introduction and use of a CBDC must be carefully considered.

Meanwhile, Lane had said in February that he did not see good reasons for his central bank to introduce its own digital currency, as „the existing payment ecosystem is doing its job.

Although the Corona crisis is increasing the demand for cashless payments and China has already made massive progress towards its own digital currency, many countries still want to wait and see before working on a project of this kind.

PayPal: 65% of crypto users willing to use Bitcoin (BTC) for their purchases

The arrival of PayPal in the crypto sector had the effect of a bomb in the ecosystem. And it seems that the bet is justified, since the vast majority of users of the service would be ready to settle their purchases with Bitcoin (BTC).

PayPal users particularly hungry for Bitcoin (BTC) and cryptocurrencies

The crypto services of PayPal, which now offers the purchase of Bitcoin (BTC) and altcoins , had seen considerable and unexpected success . So much so that the payments giant had in haste opened the service to all users in the United States.

But a size limitation exists. PayPal crypto wallet users cannot send Financial Peak or altcoins outside of the platform . So that means they can’t use it to make payments. PayPal has also shown limited in trade , suspending an account that was used for trading , while he respected the terms of use.

Will PayPal unblock Bitcoin (BTC) payments?

Will PayPal’s limitations be sufficient to prevent new users from turning to these services? It seems not, according to a study by Mizuho Securities USA . 65% of crypto holders on PayPal would thus be ready to use Bitcoin as a currency, with the 28 million merchants connected to the service.

Notably, 17% of PayPal users have reportedly used their accounts to buy and sell Bitcoin in the past. And funds are important: PayPal users who have cryptocurrency do indeed handle a higher volume than fiat currencies. Half of them also report having used the PayPal application more since it enabled the purchase and sale of cryptocurrencies.

It would therefore seem that the limitations reported by users of PayPal’s crypto services will not therefore slow down a possible adoption , if the company unblocks the use of Bitcoin (BTC) as a means of payment. If this were the case, PayPal could carve out a substantial slice of the pie within the crypto ecosystem.

XRP-val flyttar 90 M XRP när BTC- och ETH-valar svärmar marknaden

Kryptovalutamarknaden bevittnade just en XRP-val som flyttade en enorm summa XRP-tokens mot en minimal avgift.

Först rapporterades av crypto Twitter bot Whale Alert, flyttade enheten nästan 23 miljoner dollar i XRP-tokens. Användaren betalade bara en transaktionsavgift på drygt fem dollar för den enorma transaktionen.

XRP-val på språng

En anonym XRP-val flyttade 89.999.980 XRP-tokens från sin plånboksadress till kryptovalutautbyte Coinbase. Transaktionen värt nästan 23 miljoner dollar kostade bara användaren en minutsumma på 5,04 dollar som transaktionsavgift.

Medan Twitter-bot rapporterade transaktionen som en flytt från en okänd plånbok till en Coinbase-adress, visar botens webbplats att flytten ägde rum mellan två plånböcker som ägs av samma kryptovalutabörs.

Whale Alert filtrerar bort fryslagringstransaktioner från börser, vilket innebär att XRP-valen sannolikt är en investerare som flyttar tillgångar för att handla dem på den öppna marknaden eller lagra dem någon annanstans. Om det tidigare uttalandet är orsaken till flytten kan vi se en kortsiktig baisseffekt på priset på XRP.

BTC- och ETH-valar svärmar också på marknaderna

Valar av Bitcoin och Ethereum har svärmat över marknaderna de senaste dagarna. Många stora Bitcoin Era transaktioner ägde rum den sista dagen, med den största rörliga BTC värd mer än 220 miljoner dollar mellan två anonyma plånböcker.

De flesta valtransaktioner var antingen mellan två anonyma användare eller investerare som flyttade tillgångar från kryptovalutabörser. Detta är en haussignal eftersom människor som vill sälja tillgångarna tenderar att hålla dem lagrade på börsen.

Ethereumhvalar å andra sidan visade en rörelse mot utbyten eller DeFi-protokoll. Dessa inkluderar den största ETH-transaktionen som ägde rum igår och flyttade över 21 miljoner dollar i ETH till Uniswap.

Under tiden är Ethereum Foundation fortfarande ganska långt ifrån att nå sitt mål att ha 524,288 ETH-insatser. Kontraktet har fått 50 849 ETH, med nästan två veckor kvar till deadline.

En Bitcoin-rebound fokuserer på $ 16.000, vil det ske?

De Bitcoin tyre holdt stand fast og forsvarede det nyligt etablerede støtte på $ 14.500 efter optagelse af nye årlige højder nær $ 16.000. Denne stigning blev tilskrevet den spænding, der opstod fra det amerikanske præsidentvalg på aktiemarkedet.

Det siges, at investorer har henvendt sig til Bitcoin og flere andre digitale aktiver, der søger afdækningsoptioner. Guld eksploderede også til $ 1950 pr. Ounce, da valget blev forsinket.

Bitcoin Uptrend

Stabilitet er vendt tilbage til bitcoin-markedet med kryptoen, der hopper af supporten til $ 14.500. BTC svæver i øjeblikket omkring $ 15.000. Mange forventer, at konsolidering har forrang i fremtidige sessioner, som det fremgår af det relative styrkeindeks (RSI).

På den lysere side kan bitcoin udvide prishandlingen over $ 15K, et træk der kan tiltrække flere købsordrer.

Dette vil øge medvind og trække bitcoin til nye årlige højder

Især for øjeblikket er den nærmeste support dannet ved 50 SMA for at undgå omfattende pristab, hvis en korrektion bryder støtten til $ 14.500. IOMAP-modellen fra IntoTheBlock siger, at prishandling vil være ret begrænset inden den kommende uge.

Når man vender opad, vil sælgernes overbelastning, der er dannet mellem $ 14.985 og $ 15.429, neutralisere det meste af købspresset. Den intensive nedadrettede støtte findes for at udholde, at bitcoin ikke falder til under $ 14.000 niveau.

Cryptocurrency Scam – They Steal $ 345,000 and Rub Their Hands… Before They Lose It All!

Failed exit scam – Scammers thought they had pulled off yet another bogus investment scam, but Binance put a stop to their project. Almost all of the funds have been blocked, and they will be returned to the victims.

A plan that (fortunately) did not go as planned

This November 4, the famous crypto exchange BitQT revealed on its blog that it succeeded in thwarting the exit scam plans of the (fake) crypto project called Wine Swap .

Wine Swap presented itself as one of the many AMMs ( Automated Market Makers ) very fashionable in the current trend of decentralized finance (DeFi).

Launched on October 13 via the Binance Smart Chain (BSC), the Wine Swap project received 19 different types of crypto from 119 separate addresses, totaling a value of $ 345,000 in the span of an hour .

It did not take more to satisfy the scammers, who immediately put an end to this fake AMM to pocket the cryptos on their wallets and leave with the cash register .

Centralized platforms do not only have disadvantages

Binance Security teams were quickly alerted to this attempted exit scam, and they closely followed the crypto transactions from Wine Swap.

The criminals made the mistake of channeling almost all of the funds through Binance Bridge , a service providing access to inter-blockchain liquidity. This is where, at first, the funds could be frozen by the centralized crypto-exchange, when they had already all been converted into stablecoins, BNB, ETH and LINK .

The next day, October 14, Binance Security teams contacted the scammers and, caught in the act , they “quickly cooperated” to return the stolen funds.

Thus, after a recovery process, 99.9% of the amount of the $ 345,000 in stolen cryptos could be recovered .

The Binance OTC (over-the-counter) team then helped convert these funds back into the original cryptos and amounts, with a view to repaying victims . The restitution should be completed within the next few days .