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December 2015

Cryptocurrency Witnesses Better Returns than Equities This year

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cryptocurrency

cryptocurrency

Good days may be ahead for cryptocurrencies. The sentiment of digital assets is improving slowly after witnessing a bear trend in 2018. The total cryptocurrency market cap has increased considerably by over $50 billion USD since the beginning of 2019. Many digital assets are outperforming the market when compared to the largest indices worldwide.

CCI30 Increases by 40%

Since the beginning of this year, the CCI30 (Cryptocurrency Index 30) has gained as much as 40%, reversing the initial downtrend. Cryptocurrencies like Bitcoin (BTC), which witnessed a drop in the middle of February 2019, have recuperated losses and slowly moved up. Bitcoin, which has a considerable effect on the CCI30, has increased by 20% since the first of this month.

BTC Bull Run

It is time for the cryptizens to cheer because the price of Bitcoin has surged to a 4-month high of $4,900 USD, at the time of writing, and looks to be continuing to grow. The price of BTC increased by almost 17% in just 30 minutes today. The reason behind the surge may have to do with investors going long on this cryptocurrency. It appears to be the start of a bull run for Bitcoin. According to speculators, the price of Bitcoin is expected to reach $50,000 USD.

>> Coinbase Jobs Rank in LinkedIn’s Top 50 US Employers List 2019

According to the billionaire and bitcoin enthusiast, Tim Draper, everyone will use Bitcoin for daily remittances, even for buying a coffee, by 2021. Tesla founder and fanatic of cryptocurrency, Elon Musk, said Bitcoin is better for transferring money when compared to current processes.

NASDAQ Gearing to Launch Bitcoin Futures

The biggest stock exchange, NASDAQ, is geared to unveil Bitcoin futures in 2019. Bakkt, a digital asset platform, mobilized funds of $182.5 million USD. This is set to launch in the latter half of 2019. The firms currently supporting Bakkt include Boston Consulting Group, Pantera Capital, and Galaxy Digital.

Featured image: DepositPhotos @ iqoncept

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Bitcoin (BTC) Suddenly Tumbles Below $7K Mark

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Bitcoin

Bitcoin

The first six months of the year were a remarkable time for the crypto space, as Bitcoin (BTC) went on a rally that was reminiscent of the one that had taken place in 2017. However, times have proven to be a lot tougher since then, and over the past few weeks, the world’s biggest cryptocurrency has experienced plenty of turbulence.

In a new development that will likely create more panic among BTC traders, there was a massive selloff in the crypto market. Consequently, the BTC price crashed as well and went down as much as $250 in a few minutes on most exchanges.

Broader Sell-Off

As a matter of fact, the price of each Bitcoin token plunged below the psychologically important level of $7,000, and it ushered in another period of extreme volatility in the crypto sphere. In this regard, it is also important to point out that the selloff had taken place across the whole crypto space, and it was not only BTC that got burned.

Other major crypto tokens like EOS, Ethereum, Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), and Binance Coin recorded deep losses as well, as the selloff continued to hurt. According to reports, billions of dollars worth of value was wiped off from the crypto market owing to this selloff.

>> The HEX Controversy: Bitcoin.com Listing Despite Community Hesitations

Over the course of the last 24 hours, BTC declined by as much as 5.50% to hit $6,713 per coin. On the other hand, the other main crypto tokens, such as XRP, Ethereum, Bitcoin Cash, and Litecoin, recorded declines in the 6% to 10% range.

Over the years, it has been seen that cryptocurrencies often go on a rally towards the end of the calendar year, and it remains to be seen if BTC can make a comeback over the remaining days. However, the past few days have been particularly difficult not only for Bitcoin but also for the wider crypto space.

Featured image: DepositPhotos © timbrk

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Blockchain Supply Market to Grow to $9 Billion

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Blockchain Supply Market

Blockchain Supply Market

Blockchain supply is poised to become a multi-billion dollar market. A study by market research firm Allied Markey Research indicates the size of the market could reach highs of $9 billion by 2025, representing an 80% growth from 2018 levels.

Key Growth Drivers

Blockchain is the underlying technology that powers an array of decentralized digital assets, key among them being Bitcoin and other cryptocurrencies. Increased usage of the technology to enhance transparency and improved security in supply chains is one of the catalysts fuelling the blockchain supply market.

The retail sector, which is in dire need of supply chain solutions that are able to ensure efficiency as well as increased security levels, will be the biggest contributor to the total market size. Healthcare is another sector in dire need of supply chain solutions that ensure high levels of security, poised to have a significant impact on the market size.

Manufacturing, food, and beverage industries also remain well positioned to be one of the biggest contributors to the blockchain supply market. The aerospace and automotive sectors also continue to absorb a good amount of blockchain solutions with the blockchain market poised to hit highs of $20 billion by 2029.

>> Altcoins Join the Bitcoin Rally: Ethereum, Litecoin, Ripple

 Growth By Region

Allied Markey Research has also pointed out that North America remains the most advanced market when it comes to blockchain infrastructure and technology adoption. However, the Asia Pacific region is not lagging far behind as it continues to register one of the highest growth rates at 90.4% in the blockchain supply market.

Spending in blockchain innovations, as well as research and development, is poised to hit highs of $2.9 billion by the end of the year. Most of the spending will go towards manufacturing and distribution services at $653 million and $642 million respectively.

Increased spending on the blockchain does not come as a surprise. The technology has so far proved to be reliable in enhancing security when it comes to transfer and storage of data in addition to ensuring high levels of privacy given the decentralization aspect.

Featured image: DepositPhotos © nils.ackermann.gmail.com

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LiteLink Expands to East Coast and Enters Agriculture And Produce Industry Through Strategic Partnership with Pommes Ma-Gic Inc

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VANCOUVER, British Columbia, Nov. 19, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B), a key player in digital freight & logistics platforms as well as payment solutions, is pleased to announce that it will be expanding to the east coast and bring its 1SHIFT Logistics platform to the agriculture and produce industry through a commercial agreement and a partnership with Pommes Ma-Gic Inc. (“Pommes Ma-Gic”).

Under the commercial agreement, LiteLink will provide Pommes Ma-Gic with a trial of the 1SHIFT platform for services such as:

  • managing produce freshness logistics,
  • tracking and tracing shipments,
  • route optimization to get produce to consumers as fast as possible,
  • capacity planning, manifest digitization, and geofencing; and
  • streamlining delivery from field to buyer.

The goal of the platform is to provide any farm or producer with the ability to deliver their product as safely and quickly as possible. 1SHIFT will help Pommes Ma-Gic to demonstrate the best path was taken to maximize freshness and quality.

Pommes Ma-Gic and LiteLink have also entered into a partnership that will permit LiteLink to open an east coast office at the Pommes Ma-Gic headquarters in Rougemont, Quebec.  Recognized for many years as “Capital of the Apple”, Rougemont is strategically positioned in the heart of Quebec’s produce industry. Under the terms of the partnership, Pommes Ma-Gic will provide cold room storage facilities as well as trucks and trailers for LiteLink to use as a research and development lab for temperature and moisture monitoring. LiteLink will also be using this facility to test their IOT & 5G sensors and devices through different conditions.

“We are very excited for this partnership,” says Pommes Ma-Gic President and General Manager, Sébastien Alix. “I’ve been through tons of logistics solutions and technologies, and the 1SHIFT platform was chosen because of its ease of use, solid cost savings, and technology enablement.”

 Sébastien added that he relies on innovation and partnerships to continue developing his company and he is glad to be turning challenges into opportunities with the 1SHIFT platform.

Through the partnership with Pommes Ma-Gic, LiteLink will gain access to a network of prolific produce growers, shippers, and distributors.

“We select our partners very carefully. Sébastien and his company have 100 years of proven history, the trust of the largest retailers in North America, and the same passion to deliver the best produce using next-generation technology,” says LiteLink CEO, Ashik Karim. “Not only will we gain important R&D capabilities and position ourselves in the heart of Quebec’s produce industry, Pommes Ma-Gic will enjoy real-time shipment visibility, including the ability to monitor product freshness in transit to enrich their service and customer experience. Quebec and the rest of Canada are rich with agriculture, and the industry is hungry to find value through technology. We have our sights on being a part of their ecosystem as well as lowering the cost and wastage found in spoilage.”

LiteLink has broken ground in the freight brokerage and nursery industries across Canada and the US over the last six months. Expanding to the agriculture and produce market segment is a natural progression in its product offering, complementing its business logic logistics platform paired with next-generation IOT sensors.

About Pommes Ma-Gic Inc.

Located in Rougemont, Quebec, Pommes Ma-Gic has been part of the Canadian produce industry for more than a century. Through four generations, President and General Manager Sébastien Alix and his family have helped innovate the agri-food sphere by introducing the Collatio brand and cut-apple production to Quebec. Pommes Ma-Gic works with Sobeys, METRO, Loblaws, and other food retailers.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time.

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain certain forward-looking statements and information (together, “forward-looking statements”) within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “will”, “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information.  These forward-looking statements or information may relate to the nature of the business of LiteLink, the intended success or results of the commercial and partnership agreements with Pommes Ma-Gic, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties.  Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements.  LiteLink does not intend and does not assume any obligation to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

Please visit the company’s website at litelinktech.com. For a free report on LiteLink Technologies Inc. (CSE:LLT)(OTC:LLNKF)(FRA:C0Bvisit cryptocurrencynews.com.

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