Blockchain

Blockchain was therefore one of the main topics even in presentations

Just in time for the implementation of stringent new regulatory requirements, some of the largest banks in the world have revealed a pilot designed to simplify compliance using ethereum.

Banking giant UBS announced Monday it has united with Barclays, KBC, SIX and Thomson Reuters to advance the MiFID II data collection project. MiFID II is a revamped version of the Markets in Financial Instruments Directive, which is intended to offer greater protection for investors. MiFID II officially comes into force Jan. 3, 2018.

On November 23, Ethereum price reached a new all-time high above $400 barrier, currently trading at $400.84 nearly 10% from yesterday, according to the CoinMarketCap.

With its recent surge in price, the market valuation of Ethereum has moved closer to the $40 billion mark, a market cap that is larger than seven of the 10 largest cryptocurrencies in the market combined, with the exception of bitcoin and Bitcoin Cash.

Billionaire trader and legendary hedge fund manager Mike Novogratz says that the bitcoin price will reach $10,000 before the end of the year.

Speaking on Bloomberg TV, Novogratz, who has been bullish on Bitcoin throughout the year, said Bitcoin would yet hit the magic number before the new year, and also predicted $500 per coin for Ether (ETH) within the same period.

Another Bitcoin split is in the works, with a group of developers planning to establish an off-shoot called Bitcoin Gold (BTG). On October 25, Bitcoin Gold (Bgold) will split off from Bitcoin to create an ASIC-resistant cryptocurrency. A few weeks later, a significant group of Bitcoin companies wants to hard fork according to the SegWit2x plan as defined in the “New York Agreement” (NYA), which will probably result in yet another new coin. According to Bitcoin developer Jimmy Song, the aim is for BTG to become “a better gold than Bitcoin”.

The need for food is universal but the production and distribution chain is not as technological yet as it should be

One event this week shows why digital currency markets still have a long way to go before they’re safe enough for large-scale trading. The digital currency Ethereum experienced a "flash crash" on Wednesday, with the price falling from about $296 to a low of 10 cents in a matter of minutes.

The most widely-used exchange, Coinbase-owned GDAX, operates like a traditional stock exchange, and lets traders buy stock on margin and place so-called "stop loss" orders-an automated instruction to sell if the price falls below a certain point. Adam White, the vice president of GDAX, wrote in a blog post on the company’s site that an unusually large sell order caused the crash.

Cryptocurrency is not only Bitcoin: when Ether was announced in 2015, it seemed like a very ambitious project. By this time, bitcoin had already established dominance in the cryptocurrency industry, but it had been created with a different purpose that would diverge from bitcoin’s primary use as a cryptocurrency.
Ethereum would build a network, much like bitcoin, which was based on blockchain, but Ethereum would allow other apps to be created on it. The idea being to allow companies to take advantage of blockchain technology and run their own stuff. In return, Ethereum users would earn ether for keeping the network running. After receiving funding, Ethereum users were rewarded with ether, whose value was about $3.