The world of blockchain and crypto moves real fast. New developments are being made at a very fast pace in this world. Here are some of the major recent happenings of this world that you probably need to be aware of.
Brazil and Crypto
A stablecoin is about to be launched by the Brazilian National Social Development Bank which will be pegged 1-to-1 with the Brazilian real, as reported by a news source. The pilot for the bank’s token “BNDES” will be launched in coming January. The framework will run on the ethereum blockchain. The well-known development studio of ethereum ConsenSys will be helping the bank during this process.
In the pilot drive, BNDES tokens of several hundred dollars worth will be issues to the National Film Agency, El Cine, in order to promote movie production and script related stuff in the country.
The data that will be gathered from this experiment can then be used to find future use-cases of this technology. It sure seems to be an interesting move to keep an eye on. Let’s see if it establishes a positive image of the blockchain technology or not.
Trouble With the IPOs
Chinese mining spearheads are facing a bit difficulty in getting themselves listed on the Hong Kong Stock Exchange (HKEX). The companies are trying to convince one of the world’s well-renowned stock exchanges that their business models are mature enough and it is now plausible to sell the companies’ shares on the exchange.
Bitmain and Ebang have not yet been able to get listed on the exchange despite having a good financial record over the past few years. According to a news source, the HKEX and the Securities Futures Commission are reluctant to give them a green signal owing to the issue of volatility that is attached to this world.
This fact can not be denied that the uncertainty associated with this nascent world of cryptos is in fact pretty big.
Blockstream & Space
A new lightning network API is being introduced by the blockchain firm known as Blockstream. Besides this, the project is expanding its satellite services to the regions of Asia-Pacific as well. With the help of these expansions, users of the project will now be able to send bitcoin and bitcoin-linked data using a solution built on layer-2.
The services offered by the project are aimed at making the transfer of bitcoin easier for individuals who have limited access available to the internet.
The lightning network API will also help the users to send bitcoin-related data.
SEE ALSO: Blockchain to Blockborder? Crypto & Blockchain Recap – 16th December 2018
