The market feels confident about falling even lower: with the | Velvet.Exchange

The market feels confident about falling even lower: with the rarest exception, everything remains red. Bitcoin, the world’s flagship cryptocurrency by any measurement, lost another 5.0% and dropped below an important $7,000 mark to touch $6,900. Ethereum continued to fall with an even stronger pace (-5.5%), Bitcoin Cash stepped back -2.5%, and Litecoin fell as well -4.9%.

JPMorgan thinks blockchain can help it keep track of the automobile inventory it finances for car dealers – and prevent them from pledging the same cars for different loans. “The floorplan lending process involves periodically doing a physical inspection or audit of all the inventory on the dealership's lot," said Kevin Point, head of research and development at Chase Auto. "That means that a human being actually travels to the dealership, identifies the vehicles and then reconciles that inventory, if the loan's outstanding, on both the dealer's and the bank's accounting system.”