In the latest cryptocurrency news, we are focusing on the topic of blockchain. However, instead of its mass usage in various industries and sectors such as shipping, tracking, logistics and so on, the latest use of blockchain is actually seen in water purifiers.
It all started when the telecom giant China Mobile decided to show everyday customers the value of blockchain and its simplicity – incorporating the technology into an ordinary household product such as the water purifier.
In fact, it was the company’s Internet of Things (IoT) division which developed a water purifier with a built-in chip and an IoT module, which collects data on user behaviour and exports it to manufacturers and suppliers.
According to Xiao Yi who is a product market director at China Mobile IoT, the smart appliance stands apart from the competition by giving the consumers something in return for their data – in the form of blockchain.
“Our goal is to also attract those who are not in the cryptocurrency or blockchain community, who may have heard of this technology but not necessarily understand it,” Xiao said, adding that “in order to embrace a more mainstream adoption, we need to turn something that appears professional into something that’s very ordinary.”
What everyone needs to know is that this water purifier is far from mass usage. Right now, it is available only through a one-month crowdfunding campaign on the eCommerce giant JD.com with a goal to raise 200,000 yuan or $30,000 by January 21st.
Russia Is Not Planning To Buy $10 Billion In Bitcoin
“This statement has no common sense. The Russian Federation — like any other country in the world — is simply not ready to combine its traditional financial system with cryptocurrencies.”Sidorenko reacted to the fake news reports from Telegraph where it was noted that Russia wants to invest $10 billion in bitcoin in order to mitigate the economic impact that is brought up from the US sanctions. The rumors emerged on Twitter where a particular user wrote that Kremlin has no choice but to invest in bitcoin and that it is the only way to avoid the harsh sanctions by President Trump. Ginko posted on Twitter and his post went viral after Telegraph wrote a story about it and lots of other websites just added their own touch to it. Ginko is known to the public for making such shocking tweets and comments after once saying that sham investment adviser Bernie Madoff is the real Satoshi Nakamoto. However, Sidorenko said that Ginko’s comments are absurd:
“Even if Russia wants to place its cryptocurrency assets now, it simply cannot do this. We do not have any mechanisms that would allow us to introduce a system: where these assets would be stored, which authorities would be responsible for it, which would be responsible for abuses and stuff.”However, according to Tota Kaliaskarova, the director of macroeconomic policy with the Eurasian Economic Union says that crypto could have a huge impact on the Eurasian economy.
Huobi Re-Launched As Fully Licensed Platform In Japan
$1 Billion In Transactions Reported For 2018 By BitPay
WordPress Is Launching A Publishing Platform With Blockchain Features
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- Russia Is Not Planning To Buy $10 Billion In Bitcoin
- Huobi Re-Launched As Fully Licensed Platform In Japan
- $1 Billion In Transactions Reported For 2018 By BitPay
- Third Audit Attestation Of USDC Stablecoin Reserves Released By Circle
- 21-Year Old Accused Of Stealing More Than $24 Million Worth Of Crypto
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