In a letter to shareholders, BlackRock CEO Larry Fink spoke about the opportunities that the digital asset space is bringing to developing countries and capital markets. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
The opportunities of tokenization, according to Larry Fink
📍The BlackRock CEO appreciates the important developments in the cryptocurrency and digital asset industry. Larry Fink, CEO of the world's largest investment fund manager, friendly to Bitcoin and cryptocurrencies, published a letter to shareholders revealing his vision on the opportunities that the digital asset space is offering.
In her letter, Fink expressed that asset tokenization could drive efficiency in capital markets, shorten value chains, and improve cost and access for investors. Likewise, the CEO of BlackRock highlighted how cryptoassets are helping underdeveloped countries advance economically.
Fink highlighted that countries with emerging economies, such as India, Brazil and parts of Africa, are making dramatic progress in optimizing digital payments. The developments taking place in the digital asset space are helping these countries reduce costs and advance financial inclusion.
On the contrary, Fink notes, many developed countries and markets around the world, including the United States, are lagging behind in this innovation.
Europe approves the use of ZK in digital wallets
📍European Union parliamentarians have approved a bill focused on digital identity privacy. According to a report by The Block, a bill supported by MEP Romana Jerkovic proposes the inclusion of zero-knowledge (ZK) technology within digital wallets in order to protect and guarantee the security of the digital identity of the users.
This bill was approved by the majority of MEPs, with 418 votes in favor, 103 votes against and 24 abstentions.
MEP Jerkovic highlighted that the implementation of ZK technology will give European citizens more control and autonomy over their personal data and how it is handled.
Ethereum's Shanghai successfully goes live on Goerli
📍Ethereum's next upgrade, Shanghai, is live on the Goerli testnet. Ethereum developers are in the final stretch in the race for Shanghai, the next Ethereum update that will allow its validators to withdraw their staking ethers from the Beacon Chain.
Shanghai implement successfully in Goerli last Wednesday. Although the developers had some difficulties at first, the deployment of the blockchain update on the testnet was completed, bringing the developers and the crypto community even closer to the expected staking withdrawals.
Ethereum lead developer Tim Beiko said on his Twitter account that staking ether withdrawals are being processed on the testnet. Goerli is the latest stop for the Ethereum development team, which has now set a mid-April date to deploy Shanghai to the mainnet.
Doodles evolve on the Web3
📍Doodles, a project that was born as an NFT collection, is becoming a Web3 media brand. One of its creators, Jordan Castro, known as Poopie on his social networks, has made it clear that NFTs will remain in Doodles' DNA. However, the project aims to become “a leading media franchise” in the long term.
Chile analyzes the advantages of the Metaverse
📍The Chilean government perceives social and economic opportunities in the Metaverse. During an international seminar dedicated to the Metaverse, the Chilean Senate analyzed the possible advantages that the virtual world offers for the country's development. The president of the Chilean Senate, Juan Antonio Coloma, pointed out the improvements in the health, education and security sectors, in addition to the economy and other social areas.
Coloma highlighted that the Metaverse is an important technological innovation that can lead to development and growth.
Due to the interest that the Metaverse has generated in recent years, the president of the Chilean Senate stated that the legislative organization will give priority to the debate and discussion about the Metaverse and that it hopes to be one of the first countries to propose a legal framework that allows the development of its potential, as well as mitigating possible risks.
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Main image from New York Post
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