BigQuery, Google’s fully-managed serverless data storage service, now offers support for 20 blockchain networks, including Polygon, Polkadot, and Tron. This and more news is in this handy daily digest to keep you up to date with the latest developments in the crypto world.
Google adds support for new blockchains
📍11 new blockchain networks have been integrated into the BigQuery data storage service. With this addition, BigQuery now supports a total of 20 blockchain networks and seeks to democratize access to data in the Web3 ecosystem.
BigQuery has integrated several of today’s largest and most in-demand blockchains, including Polygon Network, Polkadot, Tron, Arbitrum, Optimism, Fantom, Cronos, Avalanche, Near, and Polygon’s Mumbai and Ethereum’s Goerli testnets.
Google he highlighted that the addition of these blockchains will allow it to offer a more robust list of networks available through BigQuery, offering users new ways to access data on-chain and make it accessible off-chain for easier consumption and composability.
The integration of these new blockchains into BigQuery represents one of Google’s efforts to continue building on the blockchain industry.
Buterin calls CBDCs “front-end” systems for banks
📍Ethereum creator Vitalik Buterin said that the direction CBDCs are taking will lead them to serve as a front-end for the current banking system. During a interview On CNBC, Buterin said that about 5 years ago, he had high hopes for the development of central bank digital currencies, or CBDCs, as many banks were saying that these digital currencies would be developed to be blockchain-friendly and facilitate integration with the broader cryptocurrency and Web3 ecosystem.
However, during the interview, Buterin said that the current direction banks are taking with CBDCs won’t make them much better than existing payment systems, “because they basically end up being different front-ends to the current banking system,” he said.
In Buterin’s words, CBDCs are less private than fiat money and basically “break down all the existing barriers against corporations and government at the same time.”
During the interview, Buterin also highlighted that the blockchain ecosystem he helped build, Ethereum, is in the age of building and creating things that people use, referring to the need to connect people in low-income countries to the global economy. To do this, he noted that the crypto world must move further toward decentralization and facilitate a more seamless experience for everyone.
PancakeSwap integrates new payment options
📍PancakeSwap, a decentralized exchange based on BNB Chain, has integrated new payment options that allow users to buy cryptocurrencies using fiat money. The goal of the DEX, which is celebrating its third anniversary, is to make it easier for more people to enter the world of decentralized finance (DeFi) and Web3 through its new payment options.
Initially, if a user wanted to make use of the DEX, they had to deposit cryptocurrencies into the PancakeSwap wallet. However, the developers of this decentralized protocol have been working on making it easier for users to join and in their latest effort, they have integrated the Transak platform, to provide 20 new fiat payment options that will make it easier for PancakeSwap users to acquire cryptocurrencies and tokens within the platform.
Worldcoin: Demand for digital identity is growing
📍Worldcoin, the global identification system created by ChatGPT CEO Sam Altman, said demand for its digital identity protocol continues to grow since its launch. In a report In a recently launched report, Worldcoin detailed that in Chile alone it had registered more than 200.900 people in its digital identity system, which represents nearly 1% of the population of the South American country.
Worldcoin has added operations in Viña del Mar and Concepción to those in Santiago de Chile, the country's capital. According to the protocol, Chile is one of the most receptive and positive countries to Worldcoin and the innovation it represents.
Alex Blania, CEO of Tools for Humanity, said that Chile and Latin America have become “an explosive building ground for the next wave of innovation in this space.”
Sam Bankman-Fried to be jailed
📍Judge Lewis Kaplan revokes bail for FTX founder and former CEO. Judge Kaplan accused Bankman-Fried of violating the conditions of her probation, for which she was sentenced to prison. Bankman-Fried was arrested in the Bahamas last year a few months after FTX imploded.
During the recent hearing, Bankman-Fried was accused of communicating several times with public media outlets, such as the New York Times and the Washington Post, to share private information, which has compromised the development of the case, the judge said.
Continue reading: Brave Browser will integrate ZCash wallet and native private messaging
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