Summary:
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UEFA has completed a trial of mobile ticketing app based on blockchain
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UPS, the US-based delivery giant, has applied for a blockchain-related patent
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Nvidia experiences decreasing GPU sales from crypto miners
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.
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
