Trader’s Journal #12

News
28/05/2019
The team of “Lumi Wallet” announced the integration of EOS blockchain

Creators of the crypto wallet “Lumi Wallet” continue to develop their product. Recently, the team has announced that the new update of “Lumia Wallet” will support the blockchain EOS.

EOS is a popular and promising protocol for the application developers, which is used interchangeably with Ethereum and Tron. Integration with this blockchain means that now “Lumi Wallet” will support almost all tokens, based on EOS. The creators have already started to support DApps and add tokens to the wallets of different decentralized applications.

Lumi also actively cooperates with the whole ecosystem of EOS. Thus, the staff takes part in the life of the community, supports the projects based on the blockchain EOS and works in partnership with the mining pool “Minergate,” which seeks to dominate on the platform.

Users can download “Lumi Wallet” for IOS and Android or use the web version of the wallet. At the moment, Lumi supports BTC, ETH, BCH, and most ERC20 tokens. The application is considered safe, anonymous and has a simple interface.

Miners from Quebec will receive special conditions

Canada incorporates new approaches to the mining regulation. In this way, it is planned to create jobs for local residents and reduce the total electricity consumption.

The Canadian province of Quebec introduces the new rules of mining regulation. They were established by the local regulator in the power industry. Now, an additional 300 mW will be allocated for the needs of the company, engaged in the extraction of digital money. They will be provided by the state energy organization “Hydro-Quebec.”

The companies selected will have to comply with four requirements, which include the provision of jobs specifically for the residents of the province and the use of secondary heat to reduce total energy consumption by 10%. Thanks to that, “Hydro-Quebec” can preserve low tariffs for the consumers.

Facebook has to go to the electronic crypto commerce

According to the new report of “Wall Street Journal” Facebook interacts with tens of financial companies and e-commerce organizations to attract supporters for “Project Libra” (cryptocurrency payment service).

Later, the company has announced the launch of cryptocurrency, which will be used in WhatsApp. Presumably, it will be a stablecoin, linked to the US dollar in the ratio 1:1.

Now, the social media giant obviously expects that the partners of the project will start to accept cryptocurrency in exchange for its products and services.

Another idea in the development consists in using the tokens of “Project Libra,” which can be used to reward Facebook users for viewing advertisements. Earlier, the issue of paying the users for the provision of their personal data has not been raised. But now, it clearly brings considerable profits to the company.

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