LibertyBits to be brought to Bulgaria

Sofia will host LibertyBits conference on April 24 with the focus on blockchain, free software and life off-the-grid.
11 April 2018   731

knowhow.company is organizing the first freedom and tech conference dedicated to blockchain, free software, privacy and life off-the-grid. Bulgaria capital, Sofia is selected to hold the event at Sofia Tech Park on April 24. The conference will provide the platform for sharing cutting-edge blockchain projects, privacy and networking with off-the-grid innovators.

Speakers will try to address such topics on the blockchain technology as the actual and future application of distributed (open) ledgers, purpose of cryptocurrencies and their value, cryptomining and its real worth.

Among the notable speakers there are Bitcoin Gold core developer Martin Kuvandzhiev, æternity representative Vladislav Dramaliev, Dr. Richard Stallman and others. The list of sponsors include Krypton Capital and Launchub Ventures.

Brazilian Central Bank to Issue Stablecoin

According to participants of the project, the issue of the BNDES coin will help restore public confidence in Brazilian state banks
17 December 2018   68

The state-owned Brazilian National Social Development Bank intends to issue a cryptocurrency token tied to the Brazilian real. It is reported by CoinDesk.

The pilot project for the production of a token BNDES based on Ethereum will start in January next year. At first, the coin will be used to finance cultural institutions. In particular, the bank will allocate a certain number of new tokens to the local cinema agency.

As the newspaper notes, the bank conducted experiments with steyblecoin throughout 2018. The consultant of the project for the release of a new “stable coin” will be the well-known Ethereum start-up ConsenSys.

According to representatives of the bank, the issue of the BNDES coin will help restore public confidence in Brazilian state banks, which are often criticized due to corruption scandals.

Also, the bank is confident that in the future, stablecoin can be used to finance organizations and projects from various fields.

Note that recently in Brazil there has been a trend towards liberalization of the regulation of cryptoindustry. For example, in October, the Brazilian Securities Commission allowed local investment companies to invest in a cryptocurrency ecosystem through the acquisition of derivatives and shares in foreign funds. It is noteworthy that at the beginning of the year the same financial regulator announced the prohibition of both direct investment in cryptocurrency and indirect investment through intermediaries in the person of foreign companies.