Changpeng Zhao says it’s ‘inevitable’ for China to build a BTC reserve
The former Binance CEO said that the Chinese government’s lack of transparency overall made it difficult to predict any crypto policies.
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‘Breakthrough’ as Lightning Uses Web’s Forgotten Payment Code
Lightning Labs has published its draft specification for Lightning Service Authentication Tokens (LSAT) — a protocol standard that promises to redefine online payments through employing a little known HTTP status code.According to a March 30 blog post authored by Lightning Labs CTO Olaoluwa Osuntokun, LSAT facilitates automated logins and payments using cryptographic credentials — doing…

Zanzibar’s new blockchain sandbox aims to drive tech startup growth
The semi-autonomous region of Tanzania is taking advantage of a sandbox regulatory framework adopted in July.

Time Magazine will hold ETH as part of Galaxy Digital partnership to support metaverse newsletter
Mike Novogratz said the partnership was part of a move to “bring readers, creators, and the curious into the metaverse.” 1005 Total views 17 Total shares Time Magazine, the media company that has been an American institution for almost a century, is partnering with Mike Novogratz's Galaxy Digital in an effort to allow its readers…

Decentralized finance yet to pose ‘meaningful risk’ to stability — EU regulator
The European Securities and Markets Authority argued that DeFi was still too small to pose any sizeable risks to overall financial stability, but should be monitored. 108 Total views 3 Total shares Decentralized finance (DeFi) is yet to pose a meaningful risk to overall financial stability but does require monitoring, according to the European Union’s financial

Switzerland Denies $103 Million of COVID-19 Relief for Crypto Valley
Blockchain firms in Zug have very few options. 1757 Total views 53 Total shares The Swiss government has denied a 100 million franc request by the Canton of Zug for use in keeping local crypto companies afloat, according to local newspaper Tages-Anzeiger. Zug’s finance director Heinz Taennler initiated support for the financial package earlier in…

How EOS and ETH DeFi Made It Through Market Turmoil
On March 11 at 4:56 p.m. UTC, Tedros Adhanom Ghebreyesus, the director of the World Health Organization, stated that COVID-19 can be characterized as a pandemic. Industry experts consider the global uncertainty around this respiratory disease — from travel bans imposed by governments across the globe to the continuing global market turmoil — to be…

Here’s how the Metaverse enables inclusivity for genderqueer people
In the wake of the rising popularity of games like Fortnite, Roblox and Minecraft and the concept of the Metaverse, the ability of “avatars” to escape unpleasant realities, or simply have fun, is emphatically relevant. It warrants a discussion on digital citizenship and the “inclusivity” of individuals and their identities in the virtual realm, and…

Bank of China: Retailers must offer digital yuan payment option
In the short term, the e-commerce platforms can integrate the CBDC through QR codes. 467 Total views 4 Total shares While China’s central bank digital currency (CBDC) goes through technological and business model upgrades, the market should provide an opportunity to include it in all online retail payment options, according to a statement made by Changchun Mu