BANK OF CHINA AND HONG KONG CENTRAL BANK WORKING ON JOINT BLOCKCHAIN PROJECT

BANK OF CHINA AND HONG KONG CENTRAL BANK WORKING ON JOINT BLOCKCHAIN PROJECT


Sophia the Robot chimes in on cryptocurrency, and the Chinese are working with the Central bank of Hong Kong on a blockchain project. Let’s start the show. Welcome back to crypto global news, please make sure you like share and subscribe to the show. Also, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. Enjoy today’s episode. The cryptocurrency exchange and wallet service Coinbase recently said that it has expanded access for staking the cryptocurrency Tezos (XTZ). They announced that the platform is now introducing staking rewards for all Tezos holders on Coinbase, so that each eligible U.S. customer can earn interest on their XTZ holdings for depositing and holding the token on the platform. How will this affect the growth of Tezos and also coinbase? The Nervos Network, which is an open-source public blockchain project, has announced the launch of its mainnet dubbed “Lina.” In an announcement on Nov. 6, the Chinese blockchain network founded by the creators of Spark Pool, which is the largest Ether (ETH) mining pool, stated that its mainnet is now fully developed, so miners and developers will be able to utilize the network starting Nov. 16. Nervos Network opened its token sale via CoinList on Oct. 16, and has since raised $72 million, exceeding its initial goal of $67.2 million. What is the future of this new blockchain project? Just a reminder, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. And now, back to today’s episode. The robot named Sophia returned to the Web Summit stage, where she was asked many questions from participants and journalists, including questions about blockchain technology and cryptocurrencies. When asked about crypto she said, she knows what cryptocurrencies are but she does not use them. Even though this caused a bit of a stir among crypto enthusiasts, she also said that she does not use money at all. It is an interesting idea though, what will a true AI say about blockchain and cryptocurrency? In recent days the Hong Kong Monetary Authority (HKMA) confirmed it had signed a Memorandum of Understanding (MoU) with a subsidiary of the People’s Bank of China (PBoC). The deal aims to create a Proof-of-Concept for a trade finance platform from Q1 2020, linking two existing projects: the Hong Kong Monetary Authority’s eTradeConnect and the People’s Bank of Chinas Trade Finance Platform. With this push by the chinese and now Hong Kong into the state backed blockchain space, is the far east leaving the rest of the world behind? The global crypto exchange Binance is set to collaborate with Ukrainian authorities to establish cryptocurrency-related legislation in the country. According to the announcement, the Ministry, Members of Parliament (MP) and commercial companies are planning to finalize the relevant bills and introduce them to the Ukrainian Parliament, the Verkhovna Rada, by the end of 2019. Binance is setting the pace across the globe so far as the growth of their platform. Now that they are helping governments write legislation, are they poised to be the worldwide exchange leader for years to come’? Many thanks for tuning into today’s episode, please make sure you like share and subscribe to the show, And please remember to go check out our new website at cryptognt.com where you can find all the latest news from the world of cryptocurrency. You can find a link to the site in the show notes below. For crypto global news I’m Edward, until next time you take it easy.

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