Austrian gin makers to use blockchain to guarantee bottles’ rarity

The Stin, an Austrian-based gin distiller, is set to use ICON (ICX), South Korea’s largest public blockchain project, to transparently track its supply chain. An Austrian blockchain firm, block42, will be combining near-field communication (NFC) technology with the ICON blockchain to maximize the security of the tracking system. NFC chips and devices function as electronic …

5 things to watch in Bitcoin this week

Bitcoin (BTC) starts a new week still looking for $11,000 support as macro markets wobble over coronavirus and banks’ criminal activities. Cointelegraph highlights five factors that could shape BTC price action in the coming days. Banks face money laundering deluge While central banks grappled with dramatic shifts in United States economy policy, fresh leaked files …

Profit taking Bitcoin miners won’t stop the next bull run: On-chain analyst

Historical data shows that some miners began to sell Bitcoin (BTC) at the end of July, leading to increased selling pressure in the cryptocurrency market. Eventually, the dominant cryptocurrency fell steeply from mid-August, recording a 13% fall and since then BTC has struggled to retake the $12K mark. Bitcoin selling by miners from 2017-2020. Source: …

The emergence of cryptocurrency hedge funds

I started exploring Bitcoin first in 2012 and, still today, I am fascinated by the opportunities and future potential digital assets pose as an emerging alternative asset class. One of the most relevant recent developments, which is often not covered, is the emergence of crypto hedge funds. Compared to the early days of crypto assets, …

Blockchain-secured land entices real estate investors

In the “real” world, real estate has historically been seen as a viable investment. Individuals and corporations usually purchase land and property either for development or to sell at a higher price in the future. With the world becoming increasingly digitized, it appears that the trend of ascribing significant value to land and property has …

Ethereum Classic partners with ChainSafe and OpenRelay to prevent more 51% attacks

As it grapples with multiple security breaches, Ethereum Classic Labs has partnered with ChainSafe and OpenRelay in hopes of increasing its defenses against 51% attacks.  In a post, Ethereum and its Core Dev Team will work with both ChainSafe and OpenRelay to develop and test security responses.  James Wo, founder and chairman of Ethereum Classic …

Stamping out corruption with blockchain tech

Some of the main functions of government institutions include redistribution of resources and maintaining official records. These are precisely the domains where blockchain technology — with its focus on facilitating secure, traceable transactions and maintaining immutable records to build trust — is well-positioned to make a strong impact. A recent report by Denmark’s Ministry of …