American parliament building

Back in 2014, the Internal Revenue Service declared that it would consider bitcoin (and other cryptocurrencies) as a kind of property for tax purposes. Any profits made when selling or exchanging a cryptocurrency triggers a capital gains requirement.

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Vietnam peace sign

Although nothing has been decided yet, the Vietnamese government is taking positive steps surrounding cryptocurrencies. The Prime Minister of Vietnam, Mr Nguyen Xuan Phuc recently announced that he plans to review policies surrounding cryptocurrencies.

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Bitcoin Cash

Bitcoin Cash had a rocky start. There was little hash power for the new cryptocurrency. Additionally the profits for mining the coin were pitiful in comparison to Bitcoin. However things are improving for the new cryptocurrency. According to Coin Market Cap, It is currently the third biggest crypto on the market with Bitcoin and Ethereum remaining as the market leaders. The price as of writing this was $665.42 with an 11.43 % price increase over the previous 24 hours.

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China

China has been rocked by food scandals in the recent years, including fake food and tainted food. Major players in the retail game are looking for ways to combat this. Blockchain is the answer for 2 big companies in China and many more globally.

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Bitcoin

Bitcoin prices are skyrocketing, at the time of writing this Bitcoin was $4338. Just over a week ago the cryptocurrency was $3382, rising over 30%. Bitcoin’s current market value is sitting at $64 billion, which means that the value has gone up about $10 billion in the last week.

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Grassroots Farming Cooperative Trials Using Blockchain

Arkansas based Grassroots Farming Cooperative trials using blockchain in order to have total transparency in their supply chain. The cooperative is just one of many in the agriculture industry looking to increase transparency in their supply chain. . Agriculture is the perfect industry for this technology. It is an exciting time to see where this technology will take us and the effect it will have on the food industry.

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