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Exploring the Intersection of BRC-20 ($MUBI & $ORDI)
What are BRC-20 Ordinals? BRC-20 can be considered as the Bitcoin version of ERC-20 (similar but still different). It was introduced in 03/2023 by an anonymous developer known as Domo. The technology behind comes from Bitcoin’s SegWit soft fork (2017) and Taproot Upgrade (11/2021), which enabled Ordinal Inscriptions. How are Ordinals created? Ordinals are “inscribed” […]
Thailand’s central bank is proposing an increase in banks' investments into the financial technology (fintech) sector. At the moment, banks have a limit to invest 3% of their capital funds in fintech, except in digital assets. This restriction will be set to change in the near future. Assistant governor to the Bank of Thailand (BoT) […]
Early in the second month of 2022, India announced plans to launch its own digital currency by 2023. India joins the likes of China as one of the few countries to start experimenting with its own digital coin. The Indian government also announced plans to move closer to recognise cryptocurrencies as legal tender. The proposal […]
Zuckerberg’s Cryptocurrency Venture to Unravel
February 27, 2022
The Diem Association (formerly Libra), oversees Zuckerberg’s high-profile project on a new stablecoin venture that was set out to grow Facebook into Meta. The venture ‘failed fast’ as it took the company less than three years to close the project off. Diem’s innovative goal was to create an interconnection between users of the world to […]
Stronger Correlation Between Cryptocurrency and Stock Prices
February 20, 2022
The emergence of digital assets like cryptocurrencies has certainly shaken the world’s financial system. The market value of these assets rose from $620 billion in 2017 to $3 trillion nearing the end of 2021. Amid soaring popularity and adoption of crypto assets, analysts have concluded increasingly greater correlations between crypto assets with traditional holdings like […]
Digital Asset Payments To Become A Standard
February 13, 2022
The widespread adoption of cryptocurrency has shaped various segments of the financial markets. From revolutionizing the speed of cross border payments, to transparent blockchain technology, digital assets are moving fast in today’s modern age. The journey to mass adoption is still considerably long, but positive encouragement from cryptocurrency enthusiasts have enabled the rise of such […]