USFCX_US Foundry Exchange

Bitcoin has become the most performing assets of the couple of years. The highest return generating the assets of ebbs and flows. Bitcoin witnessed almost a decade in value and popularity. The price of digital currency declines, the uncommon use of people use the word “crash” and “correction” interchangeably. The investor mistakes crash for a correction despite the two terms carrying different meanings. The entire crypto market including the largest cryptocurrency Bitcoin witnessed the growth of its value nearly in trillion times. It's been a bleak infamously volatile digital currency. The price was reduced by 30% when the China banking association issued the risk of digital currency.  

Farmers in Hau Giang province are growing lemons and grapefruits according to blockchain technology. The fruit tree is currently a commodity industry that plays an important role in the socio-economic development of the province. Farmers hope to meet export demands to the EU. Hau Giang Department of Science and Technology has supported farmers and cooperatives to build production models. The project has had the Ministry of Science Technology authorized local management, starting in 2022. M. Tran Ba Son, Director of the OCOP Bio-Fruit Cooperative, has been assigned to be the project manager. The project of Building scientific and technical application models to develop the green-skinned pomelo cultivation area meeting VietGAP standards in Long My district. The project started at the end of 2017 and has helped people change their production mindset, transform the crop structure and improve value. Green-skinned pomelo orchards in Vietnam have been awarded VietGAP standard certificates. Fa...

Governor of the Federal Reserve of the United States, Lael Brainard, lays out a number of reasons for the "urgency" of producing a US-backed digital currency. She claims that other countries, such as China, are going forward with their own plans. She added that a CBDC may also help with other issues, such as getting government payments to those who don't have bank accounts. "The dollar is very dominant in international payments, and if you have the other major jurisdictions in the world with a digital currency, a CBDC (central bank digital currency)offering, and the U.S. doesn't have one, I just, I can't wrap my head around that," Brainard told the Aspen Institute Economic Strategy Group. The Federal Reserve is gathering public input on the possible costs and benefits of a US-backed digital currency in preparation for a discussion paper to be released in early September. The review, according to Fed Chair Jerome Powell, is a critical step in the Fed'...

The price of bitcoin has continued to fluctuate dramatically over the last 24 hours. As the crypto market gains traction, the price of the currency has increased by more than 10%. The action comes on the heels of reports that Amazon is planning to integrate bitcoin payments into its platform. This appears to have been seized by the market and ran with it. As the weekend drew to a close, Bitcoin, which had remained relatively stable at $34,000 over the weekend, began to show signs of movement. A number of reasons appear to have led to the price increase. News ranging from Musk confirming his ownership of bitcoin, as well as his firms Tesla and SpaceX, appeared to be a stimulus for it. Then there was the Amazon. Elon Musk, the billionaire, appeared on The B Word conference alongside Cathie Wood, the CEO of Ark Invest, and Twitter CEO Jack Dorsey to discuss the digital asset. Musk stated that SpaceX and Tesla did actually have bitcoin on their financial sheets throughout this discussion. ...

Blockchain is the digital, distributed, and decentralized ledger representing the most virtual currencies. With real-time transactions, banks are left out of the equation entirely, presumably reducing transaction fees. The Dow Jones Industrial Average elements are testing out some of these applications in small-scale projects.  Here are the 10 effective applications of blockchain technology: 1.Money Transfer and Payment Processing 2Supply Chains Monitoring 3.Retail Programs Based on Loyalty Rewards 4.Digital IDs 5.Sharing of Data 6.Protection of Royalty and Copyright 7.Digital voting 8.Transfer of Real Estate, Land, and Auto Title 9.Food Safety 10.Unchangeable Data Backup  

  As early as October 1, the Central Bank of Nigeria (CBN) may begin testing its central bank digital currency (CBDC) called e-naira. CBDC will make cash more accessible and allow Nigerians to join in the country's burgeoning e-commerce economy. The enormous volume of remittances received by Nigeria also motivates the central bank. Nigeria has stated that a prototype phase of their e-naira will begin in 2021. It is the second country in West Africa to declare plans for a digital currency. By September, the Bank of Ghana will begin testing its digital cedi. India also announced last week that it may soon begin testing its digital rupee.

Digital currencies are built on blockchain technology, which Friedman believes has the potential to disrupt currency as well as other industries. “Blockchain technology, which is at the heart of digital money, has the potential to disrupt financial services by lowering transaction costs and increasing transparency,” he said. “Blockchain technology has far-reaching implications.” One of the most significant advantages, according to Bovaird, is that cryptocurrency cannot be counterfeited and that transactions cannot be reversed arbitrarily by the sender (as credit card chargebacks can). Additionally, cryptocurrency transactions are anonymous. Credit cards work on a pull basis, which means that the store recognizes the transaction and “pulls” the sale amount from the card. The “push” method is used in cryptocurrency. Digital currency, despite its popularity and strong market performance, is not without risk. Leading investors like Ray Dalio, the founder of investment firm Bridgewater, hav...