5 news from the crypto world - May 1

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  • The Chinese nuclear industry is tentatively looking at proposals to adopt blockchain technology. Nuclear power officials in China noted the fact that national energy companies, electric vehicles, and liquefied natural gas providers have implemented various smart contracts powered by blockchain, supply chain financing, billing, and solutions related to credit.

  • The Government of the Cayman Islands has proposed a framework for virtual asset service providers to advance their financial technology capabilities while complying with recently adopted international standards established by the Financial Action Task Force (FATF). A virtual assets bill and amendments to four other bills were released this week and will be presented by the Minister of Financial Services at the next Legislative Assembly meeting. The framework would provide oversight of individuals and entities that facilitate virtual asset activities as a business, the islands' government said.

  • Chinese trading conglomerate Tencent has launched a blockchain accelerator program . In the announcement, Tencent says it wants to listen to startups that provide blockchain solutions at the industrial level, those looking to develop blockchain-related infrastructure, and those looking to create new services and applications that make use of blockchain technology.

  • OKEx Pool , a mining pool built on the OKEx exchange, is now among the first batch of mining pools to join the Ethereum (ETH) 2.0 Topaz testing network as a validator. OKEx Pool and OKEx will generate traffic and attract the attention of users and development teams, while working with the ETH network will allow mining groups to grow together and share future dividends.

  • Nasdaq , the second largest stock exchange by market cap, has entered into a long-term, non-exclusive partnership agreement with business blockchain software company R3 . Nasdaq will leverage R3 enterprise blockchain software Corda to support new institutional-grade assets used by Corda Enterprise and manage the entire asset lifecycle for new and existing market infrastructure operators.

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I had said it that blockchain technology will definitely be the next producer of billionaires in the world. With organisation like NASDAQ partnering business block chain, this is a boom for the cryptocurrency world.

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