Top-5 Newconomy Articles Week-in-Review from November 30 to December 7

 
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In the United States, December 7th is “a date which will live in infamy,” according to President Franklin D. Roosevelt back in 1941. To me, December 7th, 2018, is the Friday before Newconomy’s very first cryptocurrency and blockchain education conference, the Newconference, a free virtual online community-building experience. You really should make some time to attend, it’s going to be awesome. Now, it’s Friday! TGIF! But don’t go away because Newconomy publishes freshly-baked articles all weekend long. Here we go, our top-5 articles of the past week:

1) French Supermarket Chain, Auchan, Turns To Blockchain
French Supermarket Chain, Auchan, Turns To Blockchain

More companies are emphasizing traceability and accountability, and that certainly isn’t lost on the food sector. This simply isn’t just about fraud in the sector, but it also can help to prevent outbreaks, such as the recent E.Coli outbreak that has been linked to romaine lettuce. Auchan is a supermarket retail giant headquartered in France that is taking steps to utilize blockchain to implement TE-FOOD’s blockchain-based food traceability solution. The corporation has international branches in countries such as China, India, Italy, Iraq, Russia, Spain, Ukraine, Vietnam, and others. This follows an 18-month pilot period in its Vietnam branch, as well. Read More…

2) Nick Szabo Was on The Verge of Developing Bitcoin: Bit Gold, Inflation, Bitcoin – Part 2
Nick Szabo Was on The Verge of Developing Bitcoin: Bit Gold, Inflation, Bitcoin - Part 2

For the first time, Nick Szabo made a proposal to create Bit Gold in 1998, but publicly he explained his concept only in 2005. The idea of the cryptographer was partially based on previous attempts to create electronic money and combined some past approaches. The first property of Bit Gold was the algorithm Proof-Of-Work, a cryptographic technique involved by Dr. Adam Back in the Hashcash project. PoW provided the uniqueness and value of monetary units since it required computer calculations, that is, the cost of real resources. Read More…

3) Tom Lee Stubbornly Maintains $15,000 Bitcoin Price Prediction
Tom Lee Stubbornly Maintains $15,000 Bitcoin Price Prediction

There are many influential figures within the cryptocurrency and financial sector that have given Bitcoin price predictions, some with more success than others. Tim Draper, one of the most influential investors in Silicon Valley, famously predicted that Bitcoin would hit $10,000 within three years successfully back in 2014. Tom Lee, managing partner and head of research at Fundstrat Global Advisors, is unusually bullish, maintaining his price prediction that Bitcoin will hit $15,000 before the end of the year. Read More…

4) Grayscale Investment Trust Now Owns 1% Of All Bitcoin
Grayscale Investment Trust Now Owns 1% Of All Bitcoin

While there are many blockchain and cryptocurrency companies that are trying to reorganize under the bear market, there is one investment fund that has been quietly accumulating Bitcoin. The Grayscale Investment Trust now owns over 200,000 of the 17.5 million mined Bitcoin, meaning that they are holding about 1% of the total circulating supply of Bitcoin. Read More…

5) Satoshi Nakamoto’s Account on the P2P Foundation Website Has Come to Life
Satoshi Nakamoto's Account on the P2P Foundation Website Has Come to Life

Like Willy Wonka’s factory coming to life out of nowhere, 12 Hours ago, the Bitcoin creator Satoshi Nakamoto’s account on the P2P Foundation website published a post containing the word “nour”. He also added a friend, a man named Wagner Tamanaha, who appears to be a marketing specialist and lives in Sao Paulo, Brazil. He is around 50 years old according to his Bachelor’s degree in Advertising and Social Communication, graduating in 1986. Read More…

Happy Friday everyone! Don’t forget to register for the NewConference! It starts at 8AM on Monday, December 10, and runs through the 13th.