CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Ports in Abu Dhabi and Belgium plan to develop a blockchain-based pilot project

09:32 22 October 2018

Summary:

  • Abu Dhabi’s and Belgium’s ports to build a blockchain-powered pilot project

  • Gates Foundation starts to cooperate with Coil , the blockchain company from California

  • Cryptocurrencies begin the week quite flat

The cryptocurrency market has started the new week quite calmly as major virtual currencies have not shown any more noticeable price movements. Over the past 24 hours, Bitcoin (BITCOIN on xStation5) went down around 0.5%, and Ethereum (ETHEREUM on xStation5) experienced a 1% decline. On Monday morning, the capitalization of the whole market stands a notch below the $210 billion handle whereas the capitalization of the most popular digital currency sits slightly above the $112 billion mark.

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BITCOIN is trading within a broad range between $6740 and $6140. In recent hours the price has bounced off the resistance placed at $6450 and therefore a downward move at least toward $6320 is on the cards. Source: xStation5

Firstly, Maqta Gateway, being a subsidiary of Abu Dhabi Ports, announced that it started implementing a blockchain-based supply chain pilot project in cooperation with the Port of Antwerp (Belgium). The project called Silsal is considered as the first “blockchain-based solution to be developed locally by an Abu Dhabi local entity”, as Abu Dhabi Ports reported. According to the press release, the new solution provides “seamless and secure link between stakeholders across the trade community using the electronic ledger system”.

ETHEREUM, like other major coins, has been moving flat recently. The virtual currency is trading around the $200 handle. Source: xStation5

The second piece of news concerns another partnership of the Gates Foundation. Miller Abel, the principal technologist and deputy director of the foundation, announced that it cooperates with Coil, the California-based blockchain company, and Ripple. The cooperation is probably aimed to increase financial access for some communities. The lack of basic financial services makes serious problems for many countries and communities. Nevertheless, there are more and more initiatives focused on this area, and the cooperation of the Gates Foundation with Coil and Ripple may be one of the most significant projects in this field.

RIPPLE is fluctuating just slightly above the price levels seen on Friday. The price is currently moving below the short-term trend line. If a corrective move occurs, one may count on an extended pullback toward the 78.6% retracement. The nearest resistance might be found in the vicinity of the 61.8% retracement or $0.49. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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