CryptoMonday: Iranian Crypto And Cargill’s Hyperledger
An interesting weekend behind us. There was a cryptocurrency scam in Taiwan. Italy seems ready to legalize blockchain timestamps. Cargill looks for new blockchain-based developments. Also, Iran will unveil its crypto.
National cryptocurrency in Iran
Over a month ago, an Iranian official said that blockchain could boost the domestic economy. Now, we find out that this Middle East country can release its first state-backed cryptocurrency. It is the answer to the United States sanctions from November.
Cargill, the largest privately held company in the United States, has announced that it is trying to develop Hyperledger Grid. According to the announcement, the firm sees the opportunity to accelerate the open-source blockchain project that addresses pressing food and agricultural supply chain challenges.
The company works with Intel. They use the Hyperledger Sawtooth technology. Cargill has released a quick video on its YouTube channel concerning on this topic:
Blockchain legislation in Italy
On Wednesday, the Senato della Republica, the Senate of Italy, published a proposal concerning blockchain-related topics. The authorities want to add distributed ledger technology (DLT) and smart contract-related terms to Senate Act No, 989.
The Act passed in December 2018. The Senate committees of Constitutional Affairs and Public Works has already approved the amendment. Now, the proposal must be accepted by the Italian Parliament.
Last month, Italy, along with other six EU countries, signed a joint declaration to take the lead on blockchain to transform its economy.
Scams in Taiwan
Taipei Police have arrested 15 people for allegedly running a cryptocurrency fraud. Reportedly, the scam has
Has Wozniak sold all of his Bitcoin holdings?
Steve Wozniak, the Apple co-founder, had some interesting things to say at the Nordic Business Forum in Stockholm, Sweden. He revealed that he first had bought an undisclosed quantity of Bitcoin when the crypto had been at about $700. Wozniak did that because he wanted to experiment with it. He planned to travel around the world and pay for meals, drinks, etc. using Bitcoin.
However, Steve Wozniak stated that he had sold all of his BTC supply when the most famous cryptocurrency had been at its peak. He said:
“When it shot up high, I said I don’t want to be one of those people who watches and watches it and cares about the number. I don’t want that kind of care in my life. Part of my happiness is not to have worries, so I sold it all and just got rid of it.”
In June, Wozniak was convinced that ‘only Bitcoin is pure digital gold’. Then, he reaffirmed his belief in the cryptocurrency industry.
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