ZB Academy: India Government Considers Blocking the IP Addresses of Cryptocurrency Exchanges
On March 22, according to Indian media Business Standard, as part of the upcoming cryptocurrency ban, the Indian government is considering blocking the IP addresses of cryptocurrency exchanges. The Indian government has listed the cryptocurrency and the 2021 Official Digital Currency Regulation Bill in the ongoing parliamentary meeting,which will end on April 8. The bill has not yet been formally submitted, and India has not yet made it clear whether it will block all international exchanges.
Affected by such bad events, the total market value of global cryptocurrencies fell to US$1.57 trillion on the evening of the 23rd, evaporating US$80 billion. Among them, the total market value of BTC is about 1 trillion U.S. dollars. The lowest price of BTC in the last 24 hours is 55,189 U.S. dollars and the highest price is 57,166 U.S. dollars, a single-day drop of over 3.5%.
On the same day, the US “Time” plans to participate in the blockchain digital art movement by auctioning three NFTs, inspired by the magazine’s most iconic cover in decades, with the theme “Is ___ Dead?”. These three NFTs will be sold individually or as a series on the encrypted art platform SuperRare on March 24.
Another piece of news about NFT is that robot artist Sophia’s first artwork will be auctioned on March 24. Sophia (AI) said that her work was inspired by humans, and she is willing to collaborate creatively with humans in the future.
On March 23, another bad news for BTC was that Federal Reserve Chair Jerome Powell said: “Crypto assets are more like gold than U.S. dollars. Crypto assets are highly volatile and speculative. Crypto assets are more used for speculation rather than as a means of payment,and the regulation of global stablecoins is not yet in place.” Powell’s remarks have caused a certain amount of panic in the current relatively volatile cryptocurrency market.
In the field of blockchain applications. James Cunha, the project leader of the Boston Federal said that, officials at the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology have been developing prototypes for a digital dollar platform, and related research results will be announced as soon as July，but did not disclose specific details! And some relevant people believe that this is a crucial step for the Federal Reserve in the layout of the blockchain.
In the field of blockchain in China, DBS Bank (China) Co., Ltd. official announced that the bank has successfully issued 2 billion yuan of Tier 2 capital bonds, and the raised funds will be used to replenish the issuer’s Tier 2 capital with an interest rate of 4.70%.
In this bond issuance process,, DBS China, together with the Shanghai Pudong Development Bank and the China Central Government Bond Depository and Clearing Co., Ltd. for the first time used blockchain technology to support bond bookkeeping and filing. Compared with the traditional methods, the application of blockchain technology can effectively reduce the information asymmetry in the issuing process, prevent the risk of data tampering, realize the traceability of the issuing data, and the process can be audited, and improve the efficiency and security of bond issuance.
In order to ensure the smooth issuance of the bonds, DBS by Shanghai pudong development bank of China and as the bond market infrastructure central clearing company jointly build chain alliance, both business and technical teams, focus on information disclosure and placement results link chain node set up multiple blocks, success will block chain technology used in the process of the bond issue.
About ZB Group
ZB Group was founded in 2012 with the goal of providing leadership to the blockchain development space and today manages a network that includes digital assets exchanges, wallets, capital ventures, research institutes, and media. The Group’s flagship platform is ZB.com, the industry leading digital asset exchange. The platform launched in early 2013 and boasts one of the world’s largest trading communities.
ZB Group also includes ZBG the innovative crypto trading platform, and BW.com, the world’s first mining-pool based exchange. Other holdings include wallet leader BitBank.
Industry intelligence and standards are headed by the recently launched ZB Nexus who embody the core values of ZB Group and open-source their reports and analysis for the public.
Learn more about ZB Group by visiting www.zb.com
