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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.

UEFA involves in system using blockchain

10:37 17 August 2018

Summary:

  • UEFA has completed a trial of mobile ticketing app based on blockchain

  • UPS, the US-based delivery giant, has applied for a blockchain-related patent

  • Nvidia experiences decreasing GPU sales from crypto miners

On Friday, cryptocurrency bulls are continuing their moderate attack. Over the past 24 hours major cryptocurrencies were increasing, and RIPPLE led this competition with above the 7% gain. The capitalization of the whole market stands slightly above $210 billion whereas the Bitcoin market capitalization sits subtly above $110 billion. Today’s newsflow concerns the new patent of American delivery giant, the trial of UEFA’s blockchain-powered concept, and the Nvidia’s earnings for the second quarter.

Football is definitely one of the most popular sports all around the world. Therefore, nobody should be surprised that blockchain is more and more famous also there. UEFA, the European football body, has announced that it completed the trial of a new blockchain-powered system. The mobile ticketing app, built on blockchain technology, was tested at the UEFA Super Cup match (between Real Madrid and Atletico Madrid) in Tallinn, Estonia. The European football authority wants the new ticketing system to make ticket sales process simpler and safer. What’s more, UEFA claims that the blockchain-powered system will probably support future events.

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At press time, BITCOIN is trading around the $6450 handle hence it has clearly pulled back from this week’s low localized a notch above $5850. BITCOIN has broken the 8- and 33-period moving average on the H4 interval (yellow and purple lines on the chart), and the cryptocurrency is probably moving towards the key $6500 level. Source: xStation5

Let’s move to America! UPS, the famous American delivery company, thinks that  blockchain could improve the streamline package delivery logistics. According to United States Patent & Trademark Office release, United Parcel System (UPS) wants to patent a system using blockchain and distributed ledger technology to route packages “through one or more transportation networks corresponding to one or more carriers”. The American behemoth is another one in trying get the most out of blockchain. Let us recall that we already wrote about Walmart’s blockchain-related delivery concept some time ago.

ETHEREUM has experienced some increases recently. The virtual currency sits a notch below the $300 handle, around the 33-period moving average on the H4 interval (a purple line), at press time. Source: xStation5

Last but not least, the California-based technology company Nvidia has published its earnings for the second quarter. Nvidia recorded a “substantial decline” in revenue due to lower GPU sales to crypto miners.  May it herald decreasing popularity of cryptocurrencies? It could be the case given a steady slump of cryptocurrencies’ prices which undercuts mining profitability.

RIPPLE has recently recouped part of previous losses. The cryptocurrency has jumped from below $0.25, and it is trading in the vicinity of $0.31 at the time of preparing of this analysis. 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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