Cryptocurrency Markets Seem To Lose Some Volatility Over Easter Weekend
Scroll DownThe week ending on Easter Sunday was generally positive for major digital currencies such as Bitcoin and Ripple. In the case of BTC/USD traders looking for a rally this year, the good news is that volatility seems to be tapering off while longer positions are increasing, thus resulting in a $5,600 exchange rate that seems to enjoy relative support. As for XRP/USD, the path towards $1.00 this year remains uncertain because this established token is not appreciating as fast as many would like it to; Ripple has settled around $0.32 for most of April, and this situation may continue for a few more weeks. Aside from BTC and XRP price action, here are some other interesting cryptocurrency news this week:
Cryptocurrency Tokens Accepted for Notre Dame Cathedral
After the terrible fire that collapsed the spire and destroyed the historic interior of Notre Dame Cathedral in Paris, the cost to rebuild this structure has been estimated at around a billion dollars, and digital currency tokens are being accepted in this regard. The Binance exchange platform has set up accounts to accept donations, and the BlockShow annual conference has done so as well.
Blockchain Project Set Up to Track Mashed Potatoes
When you take your smartphone to Carrefour supermarkets in Europe, you will be able to scan a Quick Response (QR) code printed on the packages of instant mashed potatoes to gain substantial information about this food item. This is part of a blockchain project being developed by IBM for Nestle, and it intends to track the entire process of food manufacturing from the produce farms to the packaging labs and from the distribution centers to the stores.
More Fortune 100 Companies Are Getting Into Blockchain
Forbes magazine recently published a list of major global enterprise players actively engaged in blockchain development, and the list includes names such as Amazon, Facebook, MasterCard, and Microsoft. Most of these companies are choosing to develop variants of the Ethereum blockchain, but it is not clear if they intend to use established cryptocurrencies in the near future. MasterCard will likely develop its own digital tokens pegged to the United States dollar; however, this company has also tested the viability of Ripple for this purpose.
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