Blockchain Interoperability, Ethereum Classic to Upgrade + More News

Source: Adobe / New Africa

Crypto Briefs is your daily bite-sized summary of cryptocurrency and blockchain-related news – examining the stories that fly under the radar of current crypto news.

Blockchain news

  • Accenture and Fujitsu laboratories develop a blockchain interoperability solution together, per press release published by Asahi. The project is called Hyperledger Cactus, and the masterminds say it will be an open-source blockchain project able to link public and private blockchain networks. Accenture says it started the project last year and has since welcomed the Japanese company’s development input.
  • Ethereum Classic Labs (ETC Labs) and the ETC Core development team have announced that Ethereum Classic (ETC) will undergo a system-wide network upgrade called “Phoenix”. According to according to the press release, this will happen at block 10,500,839, estimated at June 3, 2020. Phoenix is ​​the result of a consensus among stakeholders – it will enhance the capabilities of EVM (Ethereum Virtual Machine) and Ethereum (ETH) and Ethereum Classic make it fully compatible for the first time, the team says.
  • A Chinese government agency has unveiled a white paper on the use of blockchain technology in the country’s energy and petrochemical trading sector. Per the China Economic Network, the central People’s Bank of Chinaministries and financial regulators are now studying the proposal, which has been drawn up jointly by a number of logistics companies, banks, shipping companies and R&D institutions. The parties suggest that the commercial application of blockchain technology could “open doors to the Chinese commodity market” for both international and domestic partners.
  • A large Chinese bank, the China Zheshang Bank, is talking about its new blockchain-powered supply chain solution. Per the Beijing News, the bank, ranked in the top 100 global banks in terms of assets by media outlet The Banker in 2018, says the new solution will allow it to restore cash flows to companies whose revenue streams have been disrupted by the coronavirus pandemic.

Exchanges news

  • Crypto companies in Mexico are teaming up for a joint drive for crypto donations that they say will deliver food parcels to people in the country most affected by the COVID-19 pandemic. Per Heraldo de Mexico, leading crypto exchange Bitso and crowdfunding platform Donadora have collaborated with the Mexican Food Bank to raise money to feed the most vulnerable families in the country. The packages, the parties say, will contain about $ 6.50 in food, enough to “feed a family of four to six weeks.” The campaign runs until the end of May.
  • London-based digital asset infrastructure provider Buyer has announced the launch of ClearLoop, a tool for investors to settle off-exchange crypto transactions. Per In the press release, the ClearLoop Application Programming Interface (API) is already integrated into crypto exchanges Deribit, AAX, Bitfinex, CoinPass, Deversifi, and Xena.

Libra news

  • The Libra Association, the member organization developing Libra Coin, has announced three new members: the investment company in Singapore Temasek, as well as San Francisco-based crypto investment firms Paradigm and Slow businesses.

Crypto Adoption News

  • Pillar project, an open source provider of cryptocurrency and token wallets, has launched its Smart Wallet with a built-in private payment network and a “meta token” intended to improve the usability and scalability of cryptocurrency payments. According to the press release emailed, via the Pillar Payment Network, which acts as a sidechain network for the main blockchain and enables transactions, users can make payments using the meta token PLR, which is automatically converted to the token of the merchant of your choice.

CBDC news

  • Only one in 46 central banks surveyed said they would consider using blockchain to launch a central bank digital bank (CBDC), Central Banking reported last week, citing their inaugural CBDC survey in February. 65% of respondents were actively researching digital currency at the time, saying they would consider using distributed ledger technology (DLT) to create a CBDC. Blockchain is just one of the possible forms of DLT.

Crime news

  • In Australia, a 52-year-old woman has been charged with allegedly exchanging money for cryptocurrency illegally, reported 9News. She’s been accused of being part of a syndicate benefiting from the illegal exchange of bitcoin (BTC), and yesterday, police seized $ 60,000 in cash and BTC 3.8, the report added.

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