Today we have a Daily Token Review and three really awesome cryptocurrency news segments to share with you. If you’re interested in understanding how Brave can revolutionize how people can surf the internet, make sure you stick around to the end.
As seen on CoinMarketCap, we’ve got a mixture of greens and reds on the market, with the Bulls struggling to maintain their momentum, overall. The world’s flagship cryptocurrency, bitcoin (BTC) has increased by 0.23 percent. Ether (ETH) still maintains its “second in command” status, falling by 0.26 percent. Ripple’s XRP maintains the number three position, and it has increased by 2.93 percent. Other considerable movements in the market include Bitcoin Cash and Stellar. The former has decreased by 2.29 percent, while Stellar is gaining by 0.44 percent.
Now, if I scroll down to the top 20, we also have a minor bear market across the board. But WOW, guys Tezos is really gaining hard with their 10.96 percent increase. It looks like the Coinbase Staking Service must have had a really strong impact on Tezos!
Now onto the news! According to a Bitcoinist report, three countries across the globe, including Afghanistan, Tunisia, and Uzbekistan have officially revealed they are seriously planning to issue a sovereign Bitcoin bond, in a bid to raise capital for economic growth.
Specifically, Afghanistan is interested in issuing a bitcoin bond backed by its $3 trillion Lithium industry and also use the digital asset to circumvent international sanctions.
Notably, Afghanistan’s Central Bank governor, Khalil Sediq has reportedly said that the nation could use Hyperledger’s blockchain platform to create a first-of-its-kind financial instrument that would enable the country to access international markets.
Interestingly, unlike some central bank governors and heads of traditional financial institutions who see nothing good in blockchain technology and cryptocurrencies, the newly-installed Tunisian central bank governor, Marouane El Abassi, has made it clear that the country has already put in place a dedicated working group to study the feasibility of a Bitcoin bond. It is also worth noting that Tunisia is planning to create a central bank digital currency (CBDC).
On the other hand, Uzbekistan, which is the sixth largest producer and 11th largest exporter of cotton, is looking to back its Bitcoin bond with the abundant natural resource, according to the country’s Ambassador to the United States, Javlon Vakhabov. While the Managing Director of the International Monetary Fund (IMF), Christine Lagarde firmly believes in the potentials of cryptos and distributed ledger technology (DLT), the highly reputed woman has also urged the world to handle the nascent technology with caution.
“Above all, we must keep an open mind about crypto assets and fintech more broadly, not only because of the risks they pose but also because of their potential to improve our lives,” said Lagarde in a recent blog post.
Now, onto the second news item for today! Per a report by U.Today, Cardano (ADA), the blockchain network that powers the 10th largest cryptocurrency in the world, has reached another significant milestone in its much-talked-about transition from the Byron era, which is like its adolescent stage, to the Shelley era which is its maturity stage.
Specifically, the Cardano team have successfully released the formal specifications that would make the Byron to Shelley transition a smooth and frictionless process. Charles Hoskinson, the CEO of IOHK, one of the firms in charge of the Cardano project, took to Twitter to express his excitement over the network’s latest project. In his words:
“The soul of Shelley is out iohk.io/blog/new-shell…” The Shelley specifications released by Cardano deals extensively with the design for the delegation and incentive mechanisms, the Cardano ledger rules and more. If all goes as planned, the Shelley update could go live in the coming months, and it would further strengthen the Cardano project and potentially send the price of its native ADA altcoin to the moon!
Importantly, earlier in March 2018, leading hardware cryptocurrency wallet maker, Ledger, added support for ADA, and Cardano has also inked several partnership deals of late. At this rate, there is no doubt whatsoever that the future is bright indeed for Cardano (ADA) and it’s hodlers.
Now, onto the third news item for today! According to a Cryptoslate report, Internet Archive, a non-profit digital library offering users across the globe, access to free books, movies, music and more, has revealed that since becoming a verified Brave Browser publisher, it has received a whopping $2,500 (over 9,000 BAT) in Basic Attention Token (BAT) as tips from visitors of its site.
Now, what does this mean for Brave, the cryptospace and the Internet in general? According to data available on BatGrowth, Brave Browser now has more than 87,000 verified publishers. This means that in the near future, as more content creators latch onto the cryptocurrency movement via the Brave Browser project, publishers will no longer have to rely on ads to generate income from their content.
Though some observers have argued that Brave still has a long way to go before publishers on the platform will be able to start generating huge revenue like content creators on centralized platforms such as Facebook, Google and others, the fact still remains that Brave Browser has proven it has all it takes to revolutionize the internet and give the masses absolute control over their personal data.
“This was an unexpected windfall. It was also proof that the current web, the one that’s driven by ads that know our every move, doesn’t have to be the web of the future,” declared Internet Archive on its blog.
So what are your thoughts on this situation?
Are you confident that Bitcoin is mature enough to back real-world assets? And what are your thoughts about the Cardano (ADA) Shelley update? As for the Brave Browser, Will it gain mainstream adoption and moonshot the price of BAT?
Let me know what you guys think below. If you liked the content, please subscribe and watch our latest videos.
It’s Cindy with CryptoPig, Catch you guys around!
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Disclaimer: Cryptopig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing. Cryptocurrencies are a very risky investment, never invest more money than you can afford to lose.