Bitcoin price rises as startup uses blockchain to protect wine

According to Huobi.com, as of 7:00 am Beijing time on December 15, the price of Bitcoin was 5,440 yuan. Today, the opening price of Bitcoin on Huobi.com was 5,399 yuan, the lowest price was 5,390 yuan, and the current highest price was 5,457 yuan.

The price of Bitcoin on Huobi.com rose from the lowest price of 5351 yuan to the highest price of 5475 yuan yesterday, but the price fell back last night, and the lowest price reached 5370 yuan, which is only 19 yuan away from the lowest price of 5351 yuan. Currently, the price of Bitcoin has started to rise again, with the highest price climbing to 5457 yuan, which is only 18 yuan away from the highest price of 5475 yuan yesterday. The trading volume has shrunk, and the price has been fluctuating between 5350 yuan and 5500 yuan. Once the price breaks through the current highest price of 5535 yuan, it will continue to rise, but if it falls below the current lowest price of 5351 yuan, it will continue to fall.

Bitcoin market screenshot from Huobi.com

According to a survey conducted by Huobi Blockchain Research Center, British blockchain startup Everledger has protected the first bottle of wine on the blockchain. Emerging technology company Everledger is the first organization to protect the origin of a bottle of wine on the blockchain.

The 2001 Margaux red wine is protected and traceable in the Chai Wine Vault system, a joint initiative between Everledger and world-renowned wine expert Maureen Downey to transform wine provenance tracking within the wine industry.