Create account Try a Demo

Seven EU countries establish group promoting blockchain

10:03 6 December 2018

 

Summary:

  • 7 southern European countries to promote use of blockchain

  • Four blockchain companies create European blockchain association

  • Bitcoin (BITCOIN on xStation5) gains 2%, unlike its major peers

The cryptocurrency market has begun today’s trading with a fall. However, there is one exception as Bitcoin (BITCOIN on xStation5), unlike other major cryptocurrencies, has risen around 2%. On the other hand, Dash (DASH on xStation5) has experienced nearly a 9% drop. When we take a look at the crypto market cap, we could observe another slight decline of that value compared to that seen yesterday - the capitalization of the cryptocurrency market stands a notch below the $123 billion handle this morning.

Bitcoin (BITCOIN on xStation5) saw a 2% uptick, but the cryptocurrency still trades close to the late-November’s lows. Source: xStation5

Mediterranean countries to promote blockchain technology

Seven European countries, including France, Italy, Spain, Portugal, Malta and Cyprus, established a group, named “Mediterranean Seven”, which will promote the use of blockchain technology in their region. The countries in the joint declaration, signed on December 4 in Brussels, point to some advantages of distributed ledger technologies for southern European countries. The participants believe that blockchain technology could help their economies. They believe also that “Distributed Ledger Technologies, along with other emerging technologies like 5G, Artificial Intelligence and Internet of Things could be a strong contributor that will help Southern European countries transform”, as the joint document reports.  

Dash (DASH on xStation5) has been one of the worst performing major cryptocurrencies as it’s experienced a 9% decline. As we could observe in the chart, recent weeks generally have not been positive for this cryptocurrency. Source: xStation5

Ripple and others create a blockchain association focused on Europe

Four blockchain companies - Ripple, NEM, EMURGO/Cardano and Fetch.AI - created a blockchain association, called “Blockchain for Europe”. The lobbying group aims to represent the mentioned members as the association on the Old Continent. Four founding members “share a common vision of Europe becoming the global frontrunner in blockchain technology”, as the press release reports. Further, we could read in the document that “Blockchain for Europe looks forward to engage in conversations with policymakers, relevant industry players and academia”. All founders of the association are companies whose businesses have their origin in blockchain and distributed ledger technologies.

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 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. X-Trade Brokers Dom Maklerski 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.

Back

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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. 79% 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. 79% 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.

×