December 2

“Led by the State Information Center (SIC), a think tank affiliated with the National Development and Research Commision, China’s highest central planning agency, the network is planning to offer infrastructure services for any Chinese or international entity that uses blockchain. 

BSN was originally created by six institutions, including SIC and state-owned tech giants China Mobile and China UnionPay, the country’s answer to VISA and Mastercard. 

The network would be tested in 54 cities across the country as well as Hong Kong and Singapore for projects such as smart city management.


“The spec, Stratum V2, could significantly change how bitcoin mining functions and would add security and efficiency to mining pools.

Instead of mining pools deciding what transactions go into blocks, miners decide which ones to include. This also means that miners, not mining pools, will be able to vote on protocol upgrades to bitcoin if Stratum V2 is adopted by mining pools.

At the same time it’s important to mention that a pool that would ‘intentionally’ perform such censorship would not allow its users to negotiate their jobs.”


The website for cryptocurrency Ponzi scheme OneCoin has finally ceased operating, months after United States authorities indicted one of its founders for fraud. The domain’s registry, confirmed to the publication that the website was offline due to the criminal proceedings against OneCoin.”


Over 60% of the total Bitcoin (BTC) in circulation has not left its wallet in more than a year, highlighting demand among investors. According to the data, the amount of dormant BTC as a percentage of the total supply has sharply increased in recent years. 

Such a trait fits Bitcoin’s characteristics as hard money: a currency with a fixed supply and emission schedule which no central authority can manipulate.”


“Japanese holding company SoftBank has introduced a new debit card featuring a built-in cryptocurrency wallet. Currently, the card is available exclusively in Japan, however, SoftBank plans to roll out the product in Southeast Asia, South Korea, the United States and Dubai in the future.”


“Giancarlo recently called for the creation of the digital dollar with former LabCFTC head Daniel Gorfine, warning that not doing so while other central banks experiment with blockchain technology and digital currencies could result in the greenback being replaced as a global standard.

Giancarlo said he plans to continue advocating for the digital dollar’s development, as well as for an American replacement to the London Inter-bank Offered Rate (LIBOR).”


“Microsoft, major game developer Eidos and gamebook firm Fabled Lands are jointly developing a blockchain card game based on a 1980s best-selling gamebook. The game’s title will be “Arena of Death” and its players will fight in fantasy-themed card battles with features from the original gamebook series.

The company plans to use non-fungible tokens (NFT) on the Vechain blockchain.”