French President Urges Farmers To Use Blockchain Technology
He states that Europe is the epitome of agricultural technology and they should be able to track every product starting from the farms where they were grown, factories where they are process and retail markets where they are sold.
According to the French President the technology already exists and must be leveraged fully at the service of shared excellence and consumers.
He shared these statements at the International Agriculture Fair in Parish.
He also called for unity amongst European countries to counter competition from China, Russia and America.
His speech did not delve too much about blockchain technology but it must be noted that last year his administration announced to invest $700 million on blockchain tech, artificial intelligence and data mining.
It is his first major speech since the yellow vest protest that was against reforms that they view as only favorable to the rich and calling for Swiss style direct democracy.
German Exchange To Launch Crypto Derivatives
The German derivatives exchange, Eurex is considering to launch several cryptocurrency futures contract.
The exchange is operated by Deutsche Borse and will feature contracts for Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP).
It is the latest major financial institution in the country that is considering launching asset derivatives products.
This was revealed by an online cryptocurrency news outlet that cited several people familiar with the borse’s plan.
The source reported that the exchange has been meeting with market makers regarding the cryptocurrencies futures.
According to a representative of the exchange the firm has been eyeing to release a futures contract since 2018.
This comes six months after the Deutsche Borse announced establishing a division dedicated to cryptocurrencies and distributed ledger technology.
The newly formed division is headed by Jens Hachmeister who has been heading the company’s blockchain initiative since early 2018.
Microsoft Ventures In to Initial Coin Offering
One of the largest software companies in the world wants to establish itself as one of the major players in the new capital-raising model.
It is a move that seems to signal that the Initial Coin Offering (ICO) is not yet dead.
Cloud computing services Microsoft Azure have recently listed Statis in its products section.
It is a web-based application that enables initial coin offering projects to manage token distribution.
The platform facilitates a secure and convenient way to distribute tokens as well as manage receipt of payments for the ICO.
It enables users to purchase ICO tokens ahead of the initial allocations with the option of paying with Bitcoin and Stat, the native token of the platform.
It has also integrated with Changelly which allows the acceptance of other cryptocurrencies converted directly to Strat or Bitcoin.
The entry of Microsoft seems to quell concerns that the ICO is dead.
This is highlighted by the fact that despite the generally bearish sentiments investors are still investing into ICO.
Software giants like Microsoft gives the space legitimacy with its KYC friendly platform and the increasing scrutiny of the U.S.
Securities Exchange will ensure that the ICO market will continue to grow in the positive direction.
The First Car Ever Purchased With Bitcoin
It have been reported that the first ever car purchase using bitcoin was a Toyota Prius.
The purchase was made back in 2013 with 1000 bitcoins.
While this may seem to be an enormous amount of Bitcoin by today’s standard it must be noted that bitcoin was only valued at 10 USD then and he made the purchase when its value suddenly doubled to 22 USD.
According to its owner Michael Tozoni, he discovered Bitcoin back in 2011 and moves all of his saving totaling to $3,000 into Bitcoin.
He believe back then that bitcoin will eventually replace all money.
He reveals that he purchased the Prius from a dealer in Miami who transferred ownership of the car to him in exchange for 1,000 Bitcoin.
He also reveals that his perception of bitcoin has not change very much.
In fact Tonzoni has now switched entirely to bitcoin.
He shares that whenever he is tempted investing in any crypto scheme, he remembers his experience buying the Prius.
He also makes it a point of not investing in what he doesn’t know and understand.
Two New Ways To Value Bitcoin Unveiled By Texas Crypto Fund
US crypto fund Tuur Demeester of Adamant Capital has recently unveiled two new ways of determining the relative market value of Bitcoin.
This was revealed on a paper that was release earlier this week.
These are relative Unrealilzed Profit/Loss Ratio and the Holder Position Change (HPC) which measures investor sentiment and blockchain liveliness respectively.
As the name suggests, the first one measure the investor sentiment by computing the ratio of the profit and loss.
A higher number indicates a more positive market sentiment of the investor while a lower number indicates the opposite.
HPC is an interesting metric that measure movement of a particular blockchain relative to its lifespan.
According to the firm the liveliness can be used to weight market cap if comparing cryptocurrencies as it will be close to zero for currencies that have inflated market cap through pre-mined coins or wash trading of the same few units.
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