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China focuses on Crypto development, brings 50,000 developers to its state-run blockchain
đ China strategic push into Web3 is gaining momentum! The Ministry of Science and Technology recognizes the industry's potential, emphasizing resource support, tech supervision, and international cooperation. Leading tech giants like Ant Group, Baidu, and Huawei are pivotal players, with over 50,000 developers engaged in the state-backed Chang'an Chain.
đ The government, embracing blockchain, fosters innovation through policies, standards, and local programs in Beijing and Shanghai. This marks a significant shift from previous crypto bans and mining crackdowns.
đ€ Yet, concerns linger around China's digital yuan. While touted as an advanced payment mechanism, it raises eyebrows due to its potential for surveillance and control. The balance between innovation and state authority continues to be a topic of debate. #Web3Wallet #ChinaTech #digitalcrypto #Blockchain #BTC!đ°
đ China strategic push into Web3 is gaining momentum! The Ministry of Science and Technology recognizes the industry's potential, emphasizing resource support, tech supervision, and international cooperation. Leading tech giants like Ant Group, Baidu, and Huawei are pivotal players, with over 50,000 developers engaged in the state-backed Chang'an Chain.
đ The government, embracing blockchain, fosters innovation through policies, standards, and local programs in Beijing and Shanghai. This marks a significant shift from previous crypto bans and mining crackdowns.
đ€ Yet, concerns linger around China's digital yuan. While touted as an advanced payment mechanism, it raises eyebrows due to its potential for surveillance and control. The balance between innovation and state authority continues to be a topic of debate. #Web3Wallet #ChinaTech #digitalcrypto #Blockchain #BTC!đ°
UK Bill Recognizes Digital Assets as Personal Property Under New Law
#UKGovernment #digitalassets #digitalcrypto
#Binance #BTC
The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law.
Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better protection for owners in fraud cases and disputes.
It also positions the UK as a leader in global digital asset regulation, boosting its economy and legal services.
#UKGovernment #digitalassets #digitalcrypto
#Binance #BTC
The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law.
Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better protection for owners in fraud cases and disputes.
It also positions the UK as a leader in global digital asset regulation, boosting its economy and legal services.
Sui Name Service Goes Decentralized
Power to the Community!
đ Sui Name Service (SuiNS)! đ
đ Embracing decentralization, SuiNS is evolving into a decentralized protocol! This move aims to enhance accessibility and transparency, empowering the community with decision-making through the $NS token.
đ What is SuiNS? Similar to Ethereum Name Services, SuiNS offers user-friendly names for the Sui ecosystem, replacing complex wallet addresses with simple identifiers like @James.
đĄ Governance Mechanism: Holders of $NS tokens will wield voting power on proposals, ensuring community-driven governance. No token usage by the foundation guarantees community control and transparency.
đź Looking Ahead: With a commitment to openness and user input, SuiNS is poised to revolutionize digital identity in blockchain. Stay tuned for more updates and join us on this decentralized journey!
#SUIđ„đ„đ„đ„ #Decentralization #Blockchain #CryptoCommunity #digitalcrypto
Power to the Community!
đ Sui Name Service (SuiNS)! đ
đ Embracing decentralization, SuiNS is evolving into a decentralized protocol! This move aims to enhance accessibility and transparency, empowering the community with decision-making through the $NS token.
đ What is SuiNS? Similar to Ethereum Name Services, SuiNS offers user-friendly names for the Sui ecosystem, replacing complex wallet addresses with simple identifiers like @James.
đĄ Governance Mechanism: Holders of $NS tokens will wield voting power on proposals, ensuring community-driven governance. No token usage by the foundation guarantees community control and transparency.
đź Looking Ahead: With a commitment to openness and user input, SuiNS is poised to revolutionize digital identity in blockchain. Stay tuned for more updates and join us on this decentralized journey!
#SUIđ„đ„đ„đ„ #Decentralization #Blockchain #CryptoCommunity #digitalcrypto
$HFT #HFT hasn't experienced a pump yet, so it's worth keeping a close watch on it... đ§
@BreakOut_Expert #crypto2023A #btcusdt #DeFigoesMainstream #digitalcrypto $BNB $ETH
@BreakOut_Expert #crypto2023A #btcusdt #DeFigoesMainstream #digitalcrypto $BNB $ETH
China's Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals
#China #digitalcrypto #digitalassets #Binance #BTC
Chinaâs digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the Peopleâs Bank of China (PBOC).
Trials for the Chinese central bank digital currency (CBDC) have been conducted in 17 different areas, accumulating a total transaction value of 7 trillion yuan (close to $1 trillion).
In addition, China is working with several nations on a cross-border digital currency project, aiming to enhance global payment systems.
#China #digitalcrypto #digitalassets #Binance #BTC
Chinaâs digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the Peopleâs Bank of China (PBOC).
Trials for the Chinese central bank digital currency (CBDC) have been conducted in 17 different areas, accumulating a total transaction value of 7 trillion yuan (close to $1 trillion).
In addition, China is working with several nations on a cross-border digital currency project, aiming to enhance global payment systems.
đTop Project From Recent Funding Round đ° Holonym đ
đ Holonym has just secured $5.50M in its latest funding round! đ
đčAbout: Holonym Crypto Project is an innovative initiative focused on enhancing digital identity security for the decentralized web. Founded by the Holonym Foundation, it recently secured $5.5 million in seed funding led by Finality Capital and Paper Ventures. Holonym aims to provide a global digital personhood through its unique âHuman Keysâ technology, which transforms biometric data into cryptographic keys. This approach shifts the ownership of digital assets from random seed phrases to human biometrics, ensuring a more secure and user-friendly experience. The project includes three core protocols: Mishti Network, Zeronym, and an Actively Validated Service (AVS) on Eigenlayer. These protocols leverage advanced cryptographic solutions to offer robust data privacy and security. Holonymâs vision is to empower individuals with self-sovereign identity, enabling them to own, govern, and selectively share their data with strong privacy guarantees. By integrating these principles, Holonym aims to bridge the gap between Web2 and Web3, making decentralized applications more accessible and secure. This project represents a significant step towards a more decentralized and privacy-focused internet. đ
đč Lead Investors: Arrigngton XRP Capital, Draper Dragon, Daedalus, Paper Ventures, WAGMI Ventures and many more.
đč Total Raised: $5.50M.
đč Project Category: Web3, Digital Identity.
đIf You find this post useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha đŠđđ»
#web3 #ArtificialInteligence #digitalcrypto #Binance #bitcoin $EDU
$CYBER
$XAI
đčAbout: Holonym Crypto Project is an innovative initiative focused on enhancing digital identity security for the decentralized web. Founded by the Holonym Foundation, it recently secured $5.5 million in seed funding led by Finality Capital and Paper Ventures. Holonym aims to provide a global digital personhood through its unique âHuman Keysâ technology, which transforms biometric data into cryptographic keys. This approach shifts the ownership of digital assets from random seed phrases to human biometrics, ensuring a more secure and user-friendly experience. The project includes three core protocols: Mishti Network, Zeronym, and an Actively Validated Service (AVS) on Eigenlayer. These protocols leverage advanced cryptographic solutions to offer robust data privacy and security. Holonymâs vision is to empower individuals with self-sovereign identity, enabling them to own, govern, and selectively share their data with strong privacy guarantees. By integrating these principles, Holonym aims to bridge the gap between Web2 and Web3, making decentralized applications more accessible and secure. This project represents a significant step towards a more decentralized and privacy-focused internet. đ
đč Lead Investors: Arrigngton XRP Capital, Draper Dragon, Daedalus, Paper Ventures, WAGMI Ventures and many more.
đč Total Raised: $5.50M.
đč Project Category: Web3, Digital Identity.
đIf You find this post useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha đŠđđ»
#web3 #ArtificialInteligence #digitalcrypto #Binance #bitcoin $EDU
$CYBER
$XAI
Qatar Unveils 2024 Digital Assets Framework
#Binance #BinanceSquareFamily #CryptoNewss
#digitalassets #digitalcrypto
Qatar has launched a new framework to regulate digital assets, aiming to create a secure and transparent ecosystem. The framework is expected to attract domestic and international players and support the development of a thriving financial services sector in Qatar.
#Binance #BinanceSquareFamily #CryptoNewss
#digitalassets #digitalcrypto
Qatar has launched a new framework to regulate digital assets, aiming to create a secure and transparent ecosystem. The framework is expected to attract domestic and international players and support the development of a thriving financial services sector in Qatar.
