BLOCKCHAIN

 


Blockchains incorporate several important features such as immutability, encryption and distributed storage, which combined makes secure peer-to-peer transactions possible and in turn has created the means to end human dependence on credit and thus credit intermediaries. Due to these features, blockchain has been referred to as ‘the Trust Machine’ and is forecasted to transfer the trust from agencies and institutions which are enforced by law to machine-based networks guaranteed by technology and mathematics.

Local Officials Set Ambitious Targets for Digital Yuan Transactions
In 2022, the e-CNY processed $50.5 billion in municipal transactions.
Despite the attacker borrowing 100 million BEUR
Damage estimates were $120 million.
Hopes Dashed for India's Crypto Community
The Indian crypto community was upset that the budget did not address crypto, hoping for a 30% tax decrease.
Binance's New Blockchain Platform Aims to Build Web3 Infrastructure
BNB Chain stores storage metadata, while third-party storage providers store data.
Cardano's New Algorithmic Stablecoin DJED
ADA, Cardano's native token, backs the algorithmic stablecoin, which is tied 1:1 to the US dollar.
Tesla's $140 Million Bitcoin Loss Shows the Risk of Crypto Holdings
Q1 2021 Tesla spent $1.5 billion on Bitcoin.
Ethereum to Launch Zhejiang Public Withdrawal Testnet
Staked Ethereum is frozen until the Shanghai update.
Secret Network Validator Smart Stake to Shut Down Nodes
Smart Stake will no longer provide validator services to the Secret Network in light of an internal leadership conflict and transparency concerns.
The launch of a nonfungible token protocol on the Bitcoin mainnet
On Jan. 21, Bitcoin introduced "Ordinals," an NFT-like programme. However, meme-inspired JPEGs are filling Bitcoin blockspace.
Digital Asset Investments Surge to $117 Million
Last week, digital asset investment products experienced record inflows and volumes.

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