China to distinguish NFTs from the crypto sector using blockchain technology
China plans to create a clear distinction between cryptocurrencies and nonfungible tokens (NFTs), this is a reassurance that NFTs are legal in the country as opposed to their counterpart cryptocurrencies. According to the South China Morning Post, the Blockchain-based Service Network (BSN), a government-backed blockchain project in China, is developing infrastructure to help enterprises and […]
Cryptocurrencies cannot become a means of payment – Bank of Thailand’s Governor
In order to reduce risks and safeguard investors, the government of Thailand is working on a new legal framework that will set to identify “red lines” for cryptocurrencies such as Bitcoin (BTC) and the crypto industry at large. In a Dec. 14 interview with The Bangkok Post, Governor Sethaput Suthiwartnarueput stated the Bank of Thailand […]
Elon Musk claims Dogecoin beats Bitcoin when it comes to payments
Elon Musk stressed that Bitcoin is better suited as a store of value, which is why investors prefer to hoard it rather than sell it or use it for transactions. BTC, according to Tesla CEO Elon Musk, isn’t as good for everyday payments as the meme-based cryptocurrency DOGE . In a Time Magazine interview shortly […]
MicroStrategy now holds almost $6 billion worth of Bitcoin after recent purchase
MicroStrategy has recently purchased $82M worth of Bitcoin, which amounts to an additional 1,434 bitcoins at an average price of $57,477 per Bitcoin. Its holdings are valued at more than $5.9 billion. MicroStrategy, a business analytics consultancy, has added 1,434 Bitcoin to its account after purchasing the cryptocurrency at an average price of $57,477. MicroStrategy […]
Polygon plans to dedicate 250M MATIC to deal with zero-knowledge tech
Sandeep Nailwal, Polygon’s co-founder, remarked that “Polygon plans to focus on ZK cryptography as the end game for blockchain scaling.” A scalability solution for Ethereum Polygon has announced that it will commit up to 250 million MATIC tokens ($627.5 million) to a partnership with Mir, a zero-knowledge cryptography business. Polygon’s Plan External validators can verify […]