Daily Mining Bytes Observations (Nov. 6, 2019)

DeFi/FinTech

According to cryptocurrency and blockchain publication Coindesk, China is going to remove Bitcoin mining from its technology band list. Furthermore, the Hong Kong Monetary Authority (HKMA) confirmed it had signed a Memorandum of Understanding (MoU) with a subsidiary of the People’s Bank of China (PBoC) which looks to release a financial electronic trading platform. This is an important step in China’s Belt and Road Initiative or BRI because with a digital payment system, China can control trade if BRI is successful throughout Eurasia, Europe and Africa. 

Coindesk Article: Chinese Agency Scraps Plan to Eliminate Bitcoin Mining Industry

Cointelegraph Article: China Signs Agreement With Hong Kong Central Bank for Blockchain Push

Inter-Blockchain Communication is here?

IBC is here

Israeli blockchain start-up, LiquidApps has released LiquidLink which allows a smart contract to communicate with multiple blockchains such as EOSIO, Ethereum and Bitcoin. LiquidLink seems to be the first layer-two solution to implement inter-blockchain communication.

LiquidApps Medium Post:  LiquidX Brings DSP Services To All EOSIO Chains and dApps

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