Crypto News Recap: Starbucks Brews Blockchain-Based Supply Chain

Published September 14th, 2020 - 06:10 GMT

Crypto Weekly Recap: Starbucks Brews Blockchain-Based Supply Chain

Starbucks wants to boost its customer’s experience by using blockchain to trace down coffee from beans to cup! (Shutterstock)

Highlights

Here are the markets highlights for the week

Last week, Bitcoin started a bullish phase, as traders managed to break above $10,200 resistance. According to crypto analyst Farmer Bluntz, the formation of an ascending triangle could bring Bitcoin's price to highs above $11,500.

looks to me like a lower timeframe ascending triangle breakout on $btc.

technically i feel we have to be bullish again here.

macro picture i'm unsure of now, just trading what im dealt. pic.twitter.com/4QJPCg8aGN
— ?‍?Farmer Bluntz?‍? (@SmartContracter) September 13, 2020

^{Source: coinmarketcap.com}

Gemini Exchange to Accept Deposits in PAX Gold

American Crypto exchange Gemini announced it will start accepting deposits in PAX Gold, PAX Gold (PAXG), Amp (AMP), and Compound (COMP) from September 15.

Tyler Winklevoss, Gemini co-founder, announced the news on twitter:

The #DeFi revolution is upon us. @Gemini is now accepting deposits for $AMP @amptoken, $PAXG @PaxosStandard, and $COMP @compoundfinance. Trading to begin on 9/15! https://t.co/2Yj2IoxpCY
— Tyler Winklevoss (@tylerwinklevoss) September 11, 2020

Pax Gold, which is the world’s first token issued directly by a regulated Trust company and fully collateralized 1:1 with USD in reserve bank accounts now is available on multiple exchanges as Binance announced the listing of the Defi coin earlier last month:

PAX Gold $PAXG is now listed on @binance and will be traded against $BUSD, $BTC, and $BNB starting tomorrow at 8AM ET! $PAXG is the only regulated digital #gold token available on Binance. Read more here https://t.co/NkYf6EQ3u6
— Paxos (@PaxosGlobal) August 25, 2020

Starbucks Deploy Blockchain Network to Trace Coffee Bean Production

The famous American multinational chain of coffeehouses and roastery, Starbucks, wants to boost its customer’s experience by using blockchain to trace down coffee from beans to cup!

US coffee giant Starbucks turns to blockchain for beans tracking https://t.co/eZhnQdH8jO #trackandtrust https://t.co/u36yzwN9sp pic.twitter.com/KGCkguGbNa
— Datarella GmbH (@Datarella) September 4, 2020

This new network, which will be launched with the help of Microsoft corp, is a game changer in the food service and retail industries.

Learn how @Starbucks ☕ is brewing a better customer experience with #AI: pic.twitter.com/TlVqRpfU4z

— Microsoft (@Microsoft) May 31, 2019

A Malaysian Firm Develops a Blockchain-based App for Islamic Charities

IBF Net, a Malaysia company is working on developing a new blockchain-powered app for Islamic charity payments; zakat, sadaqah, cash waqf.

According to the press release on the company’s website, the ecosystem will use Tezos platform to facilitate recurring and automated micro-payments.

Mohammed Alim, CEO, IBF Net says: “Given that the donors motivated by a specific cause may like to observe the impact of their donation or see the project cross-specific milestones in terms of output and outcome, there is need for an enhanced framework that permits multiple micropayments efficiently under a single precommitment”.

Renault Tests its New Blockchain Platform for Vehicle Parts Compliance

Groupe Renault is now testing its brand new blockchain-powered platform, XCEED (eXtended Compliance End-to-End Distributed), to certify the compliance of vehicle parts.

According to the announcement, the blockchain is ‘used to create a trusted network for sharing compliance information between parts manufacturers and vehicle manufacturers. The decentralised nature of blockchain technology means each party maintains data control and confidentiality, without compromising its integrity, while simultaneously increasing security and confidentiality.’

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