Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
BSN
China-Backed Blockchain Service Network To Integrate Ethereum
Blockchain Service Network (BSN) is China’s national blockchain backed by the nation’s State Information Center, China Mobile, UnionPay, and others. Reports have it that BSN, sponsored by the Chinese government, is moving to initiate the integration with public blockchains such as Ethereum and Nervos Network. This is coming after it was noted last week that BSN is using Chainlink Oracles towards the enhancement of the speed and security of transactions taking place on-chain. It appears that this new development bodes well for…
5 years ago
224 Blockchain Ventures Approved By Chinese Cyberspace Regulators
According to China’s Office of the Central Cyberspace Affairs Commission (OCCAC), the third round of blockchain projects towards approval by the Chinese regulators is taking off. The latest addition to the commission’s registry is 224 distributed ledger technology (DLT) ventures and it includes leading technology companies Alibaba, Baidu and China Mobile. It seems that the news was first revealed by a Twitter user AliceolaCrypto on April 26: “#China has just announced the 3rd batch list of #blockchain filings, 224 projects approved…
5 years ago