Summary:
- Deutsche Bundesbank completed blockchain settlement trial with success
- Canadian Border Services Agency to test blockchain in supply chain tracking
- Bitcoin (BITCOIN on xStation5) leaves its consolidation
Crypto traders started Friday’s trading with rather upbeat moods as most of major cryptocurrencies have experienced some increases. Bitcoin (BITCOIN on xStation5) has risen around 0.3%, Ethereum (ETHEREUM on xStation5) has gone up nearly 1%. The capitalization of the whole cryptocurrency market stands a notch below the $210 billion handle whereas the most famous virtual currency accounts for 53.7% of the mentioned value. Today, we present the newsflow concerning Ripple’s financial results and a German central bank’s blockchain-based trial.
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BITCOIN jumped from below $6375 to above $6500 yesterday leaving its consolidation within it was trading. The most famous cryptocurrency is trading around the $6525 handle and moving clearly above the 8- and 33-period moving averages (yellow and purple lines) on the H4 chart at press time. Source: xStation5
Let’s start with the news from Germany where the Deutsche Bundesbank, the German central bank, and the Deutsche Boerse, the owner of the Frankfurt Stock Exchange, announced on Thursday that they had completed successfully the trial using blockchain technology in securities settlements. “The prototypes support the settlement of securities transactions, payments, interest payments and repayments at the maturity of a bond”, as they reported in a joint press release. “The tests showed that both prototypes are suitable for the productive operation of a realistic financial market infrastructure and can serve as a basis for further development”, they declared.
ETHEREUM has reached one of the best today’s results amid cryptocurrencies so far. Nevertheless, ETHEREUM, unlike Bitcoin, did not clearly break its consolidation range. The digital currency is fluctuating around the $200 handle at press time. Source: xStation5
Secondly, let’s move to Canada where the Canadian Border Services Agency (CBSA) is cooperating with the Port of Montreal, the Canada’s second biggest port, to test blockchain technology in supply chain tracking. As the Canadian Press reported yesterday, the CBSA and the Port of Montreal will be testing TradeLens, a solution created by IBM and A.P. Moller-Maersk Group. The trial is aimed to facilitate transport by digitizing paperwork connected with transport of goods.
RIPPLE has been rather calm since the midnight. The virtual currency is moving close to its 8- and 33-period moving averages (yellow and purple lines) on the H4 chart. Source: xStation5
