newspaper
Alt coins,  Asia & Australia,  Bitcoin,  Cryptocurrencies,  Innovators,  Media

Must-reads for September 28, 2018: Walmart forces blockchain on farms, big Indian exchange shuts down, and crypto stuff to do in Scotland

Here are the crypto stories you should be watching today

Walmart, Sam’s Club tell suppliers to get on blockchain network (Computerworld)
Walmart has told suppliers of leafy green vegetables that they better tracking their produce on the blockchain in the next 12 months or else. The goal is to enhance food safety and find the sources of E coli when they happen. It would also mean that Walmart would be able to isolate problems and not have deal with the expenses of mass recalls. Besides, Walmart loves it when suppliers outsource thing to China.

 

Major Indian Bitcoin Exchange Zebpay Shuts Down Due to Banking Freeze (CCN)
Zebpay, one of India’s biggest crypto exchanges, is calling it quits. That means its millions of customers will have to find other places to put their coins. The Reserve Bank of India (RBI) has put the kibosh on cryptos trading for rupees in India, so business has been tough for exchanges. “The curb on bank accounts has crippled our, and our customer’s, ability to transact business meaningfully. At this point, we are unable to find a reasonable way to conduct the cryptocurrency exchange business,” Zebpay said on its blog. Hey, there are plenty of sketchy exchanges out there willing to accept Zebpay customers, so don’t despair. Well, except Cfinex. They just closed down, too.

 

Will More Retailers Start Accepting Crypto in 2019? Here’s What the Data Predicts (Blockonomics)
Kayla Matthews says we might see an increase in merchants willing to accept crypto. Who knew there were so many Alices and Bobs out there buying and selling coffee with bitcoin?

 

‘Bitcoin accepted,’ says listing for Chester County house (Philadelphia Inquirer)
A house in Pennsylvania is on the market for $744,900. The seller will accept bitcoins because, eh, why not? The listing agent, Michael Kelczewski, also sold the first house bought with bitcoins in Delaware. In that instance, the buyer paid 174 BTC (then worth $1.75 million). Today, those coins are worth just $1.16 million. However, at least the seller is no longer stuck with a house in Delaware so… win-win?

 

Italy to Enter European Blockchain Partnership, Local MP Confirms (CoinTelegraph)
The European Blockchain Partnership is a joint project of 26 countries to coordinate their blockchain policies. Now it looks like Italy maybe perhaps sorta might join. That means Italy has to come up with a blockchain policy so don’t hold your breath.

 

Artist Turns the Scottish National Portrait Gallery into a Museum of “Crypto Royalty” (Breaker)
If you show up to the Scottish National Portrait Gallery and download an app, you can see paintings by Trevor Jones of famous crypto types (Satoshi Nakamoto, Roger Ver, John McAfee) while you’re looking at paintings of Scottish royalty. Breaker’s Jessica Klein interviewed Jones. His paintings are nice but must we go to Scotland?

Lawrence Lewitinn, CFA is editor in chief of Modern Consensus. Disclosure: Lewitinn owns no cryptocurrencies in his portfolio.

Subscribe to MODERN CONSENSUS Newsletter