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Cryptocurrency Daily Roundup - Jan.17


A summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.

Blockchain use to secure IoT data, services, devices doubles last year: Study

The adoption of blockchain technology to secure Internet of Things or IoT data, devices, and services has doubled in a year, according to a study conducted by digital security company Gemalto. In its report titled The State of IoT Security, Gemalto noted that blockchain is emerging as a potential technology and an IoT security tool. The use of blockchain has doubled to 19% from 9 percnet in the last 12 months.

Bankrupt bitcoin miner Giga Watt forced to cease day-to-day operations

Bitcoin mining firm Giga Watt Inc., which has voluntarily filed for bankruptcy, announced that both access and power to its facilities have been closed to the company, and the day-to-day operations have stopped. In a note to its clients, the company said that its operations had continued until now after filing with the Bankruptcy Court in November 2018, seeking debt relief and reorganization.

WWF Australia Launches Blockchain-powered Tool to Track Food Supply Chain

Australia's World Wildlife Fund (WWF) launched a blockchain-powered tool called OpenSC to track food supply chain. The tool has been jointly developed by WWF-Australia and BCG Digital Ventures, a Boston Consulting Group (BCG) business unit, OpenSC tracks a product from its point of origin, such as the moment a fish is caught at sea. Data is added on to it as it moves along the supply chain, which the end consumers can verify.

Binance launches EUR/GBP Fiat-Crypto Exchange

Popular digital currency exchange Binance launched a platform where euro and pound can be converted into cryptocurrency. The EUR/GBP fiat-to-crypto trading exchange, named Binance Jersey (Binance.je), was opened in the British Crown dependency of Jersey. Online trading in BTC/GBP, ETH/GBP, BTC/EUR and ETH/EUR trading pairs are now open.

News Industry consortium to develop blockchain-powered news publishing platform

A news industry consortium is looking to develop an advanced open-source publishing and revenue-generating platform for digital news startups. The platform to be called Newspack by WordPress.com will be developed on WordPress.com's cloud-based platform. The platform is expected to many smaller news startups that struggle with the complexities of technology selection, development, maintenance, hosting, and security, which in turn can be an obstacle to effective revenue generation.

Current Prices

As of this writing, Bitcoin is down 0.84 percent or $30.43 at $3590 on Coinbase. Ethereum is declining 2.21 percent or $2.71 to trade at $119.90.

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