PBOC Can Change Its Opinion of Crypto

Experts believe that the new head of the People's Bank of China (PBOC) can direct the regulatory policy of the agency in a different direction
20 March 2018   687

Yi Gang, who was "unexpectedly" appointed as Governor of the People's Bank, had already spoken about Bitcoin in a positive way. This is reported by Cointelegraph.

So, in 2013 he said that the major cryptocurrency cannot be legally recognized by the PBOC in the near future. However, at the same time, he recognized the transactional potential of Bitcoin, adding that, “ordinary people have the freedom to participate.”

In addition, unlike the deputy head of the People's Bank, who said last December that Bitcoin was destined to "die" Gang said that the crypto currency would attract public attention for a long time.

According to Tommy Xie who represents China in Singapore's OCBC Bank, for several years now the new governor has made a significant contribution to the country's economic reforms.

Currently, China's policy towards the crypto-currencies remains unchanged - the country is banned ICO and any exchanges.

Cardano Hardfork to be Announced

During the upgrade, aimed to update the Cardano consensus algorithm, the Ouroboros Bizantine Fault-Tolerant protocol will be implemented
21 January 2020   95

The head of the blockchain company IOHK, Charles Hoskinson, spoke about plans to hold Cardano hard fork in mid-February. He said this during a stream on YouTube.

Hardfork aims to update the Cardano consensus algorithm. During the upgrade, the Ouroboros Bizantine Fault-Tolerant (OBFT) protocol will be implemented.

What changes will occur after the implementation of OBFT, the head of IOHK did not explain. At the same time, he noted that the integration of Ledger hardware wallets with Daedalus wallet software will soon be implemented.

At this stage, the project is negotiating with exchanges, as well as checking the readiness of the infrastructure. Nevertheless, according to Hoskinson, "everything is going well" and they do not plan to postpone the hard fork.