Jaguar Uses Iota in Proof-of-Concept Demo for Tracing Car Energy

In a proof of concept demonstration, a Jaguar I-Pace uses Iota’s DLT to track and display the car’s energy source and usage to the public. Distributed ledger technology (DLT) company Iota partners with auto manufacturer Jaguar Land Rover for a proof-of-concept (PoC) demonstration for tracing car energy with DLT. Tracking energy source and usage Iota announced the news in an official blog post on Aug. 30. Per the announcement, Iota is partnering with Jaguar Land Rover and French energy R&D center Engie Lab Crigen for the demonstration. The demonstration aims…

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Bitcoin Miners Made $14 Billion to Date Securing the Network

There’s more money in the game for miners than ever before, as all-time revenue for Bitcoin mining tops $14 billion. All-time revenue for Bitcoin (BTC) miners has topped $14 billion, according to fresh data from Coin Metrics. As Yahoo! Finance reported on Aug. 30, despite the massive increase in the network’s hash rate — a factor that depresses the profitability of mining — there’s still more money in the game for miners than ever before.  Bitcoin miner revenue growing exponentially The report notes that as of the Bitcoin network’s inception,…

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Bitcoin Price Stable, Altcoins Send Mixed Signals After Fresh Gains

After seeing growth earlier today, crypto markets are trading sideways, with top-20 coins by market cap sending mixed signals and Bitcoin price stable. Friday, Aug. 30 — after seeing some growth on the day, crypto markets are trading sideways, with top-20 coins by market cap sending mixed signals. Market visualization. Source: Coin360 Bitcoin (BTC), which managed to climb over $9,600 earlier today, is now trading at $9,531, up around 0.1% on the day at press time. Bitcoin dropped below the $10,000 threshold earlier this month on Aug. 28 amid a…

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Bitcoin Price Back Above $9.5K as Fundamentals Reach Record Strength

Bitcoin’s technical health is increasing at odds with price, as hash rate and market cap continue growing exponentially. Bitcoin (BTC) price climbed back above $9,500 on Aug. 30 as the largest cryptocurrency continued to grapple with the fallout of this week’s sudden losses. Market visualization. Source: Coin360 Bitcoin traders brace for return to $8Ks Data from Coin360 showed BTC/USD staging a modest recovery on Friday, reaching daily highs of $9,590.  Markets had slid dramatically a day previously, dropping from $10,200 to hit a local low of just $9,350 hours later. …

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Supermarket Chain Migros Implements Blockchain-Based Food Traceability

Largest Swiss supermarket chain incorporates blockchain-based food traceability system using TE-Food’s platform. Switzerland’s largest supermarket chain and retailer, Migros is turning to blockchain to keep tabs on its supply chain for food. Migros announced the implementation of TE-Food’s blockchain-based food traceability system, Aug. 29. Whilst many retailers are incorporating such systems to provide transparent information to customers, Migros is looking to the technology to optimize processes and provide greater value. Optimization through deeper supply chain insight According to the announcement, Migros expects the new initiative to provide more benefits than…

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Super-Rich Indians Choose Bitcoin Over Altcoins for Investment: Poll

The super-rich in India prefer Bitcoin to altcoins as one in ten plan to invest in cryptocurrency, according to a new survey. High net-worth individuals (HNIs) in India are more likely to invest in Bitcoin than other cryptocurrencies, according to a new Huru India survey, FinancialExpress reported on Aug. 30. Digital currencies were the fourth most preferred asset overall, although almost half of the respondents didn’t know what cryptocurrencies are. One tenth of wealthy Indians plan to invest in crypto Of the Indian HNIs surveyed, around 10% said that they…

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Bitcoin Facts: Altcoins, Opinions and the Way Towards Progress

Over 10 years has passed since Bitcoin was founded by Satoshi Nakamoto. Cryptocurrencies slowly began to change the economic landscape of the world and showed the people that there is something other than the rigged debt-fueled economy which drags the world down. The crypto market has definitely had its ups and downs but has flourished in the past few years. Incredible heights and lows were reached back in 2018 and many new cryptocurrencies were introduced by startups, organizations and even banks. Worldwide, blockchain technology is having a field day with…

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