Category: Economy

The Agricultural Marketing Service of the USDA is proposing the use of blockchain technology to help trace the organic product supply chain. They suggest that DLT could play an essential role in making the supply chain of organic products more traceable.

USDA interested in blockchains

An August 5 report from the US Department of Agriculture (USDA)’s Agricultural Marketing Service (AMS) noted that electronic tracking systems like blockchain could play a key role in adding traceability to the supply chain of its organic products.

The report states,

“DLT can provide secure, verifiable, transparent, and near-instantaneous tracking at the item level in complex supply chains. Critically, DLT can also protect confidential business information and trade secret information by automatically restricting sensitive information to authorized entities.”

The agency also acknowledged that leveraging an emerging technology like blockchain will demand additional development and time before an adequate system can be established in the organic … Read more

XRP Price Prediction – August 10

The daily chart reveals that XRP bulls are fighting to stay above the crucial $0.30 level.

XRP/USD Market

Key Levels:

Resistance levels: $0.34, $0.36, $0.38

Support levels: $0.25, $0.23, $0.21

XRP/USD has found itself caught within a consolidation phase throughout the past few days as it trades just around $0.28 to $0.31. Since the initial pullback on August 7, XRP/USD has been struggling heavily to go back above $0.30. Just hours ago, the Ripple bulls finally managed to push the digital asset to touch $0.30 just before another crash towards $0.284.

Will XRP Break Through $0.30 Resistance Level or Reverse?

From the technical perspective, XRP is trading bullishly below the 9-day moving average in the daily chart and range is likely to sustain a short term sideways action. Meanwhile, this slightly positive picture coupled with the right trading volume could … Read more

ETH Price Prediction – August 9

ETH/USD path of least resistance is downwards but support is anticipated at $390.

ETH/USD Market

Key Levels:

Resistance levels: $440, $460, $480

Support levels: $350, $330, $310

ETH/USD for the first time this year made it above $400 even beating the last year high around $361. A new yearly high was formed at $415.09 but marked the end of the magnificent bullish move. Due to high volatility witnessed at the beginning of this month, a reversal took place sending the coin back to the support at $325.86.

Since the beginning of last week, ETH/USD has remained in the bullish hands but the price action has not been as rapid as seen in the last couple of weeks of July. Attempts to sustain gains above $400 have not yielded with Ethereum remaining pivotal at the same level.

What is Next for