Quick Take
- Most of the projects with the highest market caps show very little on-chain activity
- Other than Bitcoin and Ethereum (and perhaps TRON due to Tether), there is very little evidence that other L1 chains are getting meaningful traction
The government-backed foundation is funding research and development of commercial use cases for blockchain technology.
The proof-of-concept issuance of tokenized bonds was carried out on a blockchain platform built by Standard Chartered’s fintech investment unit.
All three of Thailand’s tax departments reportedly aim to improve tax revenue collection using blockchain technology.
Kaga, Ishikawa Prefecture, is looking at blockchain tech to solve problems in the city, starting with an e-voting system.
Singapore’s government has launched a new SG$ 12 million (about US$ 9 million) program to strengthen the country’s blockchain ecosystem.
The post Singapore government to invest $9 million toward blockchain research and adoption appeared first on The Block.
A working group wants to create some best practices for decentralized finance in an effort to improve adoption while warding off potential regulations.
Crypto Long & Short: Why Some Investors Get Bitcoin So Wrong, and What That Says About Its Strengths
Bitcoin may be rooted in blockchain technology, but it’s evolved into something much more than code. That’s why it’s not easy to replicate.
PBOC’s Digital Currency Institute and the HKMA are discussing the technical pilot testing of using e-CNY form making cross-border payments.
Nearly 11% of revenue came from fees, down slightly from October.
