BTC keeps falling, Uruguay to track cannabis with the help of blockchain, the UK police to sell off confiscated BTC

BTC dropped below $8,377

The continued dropping of the main crypto coin’s price has negatively affected the price of altcoins which on average fell by more than 15%.Today bitcoin costs $8,377, having dropped by 13,8% in 24 hours. As a result of the slump, the amount of open position on BitMEX crypto platform dropped by almost $200 million just in several hours. Before that, similar values were recorded during the slump in the middle of May this year.

ETH has dropped by 14,8%, having reached the mark of $167,7. BCH, Bitcoin SV and EOS fell by 22%, 23,2% and 22,1% respectively.

Bitcoin Cash currently costs $221. Analyst Peter Brandt thinks that this is not the limit, and that the coin may reach the level of $127.

Uruguay to track cannabis via aeternity blockchain technology

Decentralized application (DApp)-focused blockchain Aeternity will be used in order to track the supply of medical and recreational marijuana produced in Uruguay.

On September, 25 Aeternity stated that it is working on a supply chain management platform for the manufacturer, combining the Internet of Things and DApps. Pablo Coirolo, Aeternity Americas CEO said:

“We want to be the first to offer a business-level solution in partnership with leading technology providers and cannabis producers, processors and distributors. […] æternity technology is ideal for tracking the entire cannabis production process […] which ensures consumer safety while complying with regulations.”

The new blockchain-based tracking solution will be launched in October this year. The country aims to achieve full implementation of the system by mid-2021.

British Police auctions off seized BTC worth of $600,000 BTC

The UK police are auctioning $621,400 worth of confiscated Bitcoin on September, 25.

The cryptocurrency is said to have been seized from a hacker who provided his services for BTC, stole and sold personal data.

It is for the first time in the UK that the country’s authorities will be selling confiscated cryptocurrency.

Besides BTC, the police are also selling-off cars, jewelry and a Rolex watch that used to belong to the hacker.

The auction will launch online today and will be finalized on September, 26.