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2022-04-14 16:58:22 Cardano Creator Says Bitcoin Didn’t Go Far Enough

In a recent tweet, Cardano founder Charles Hoskinson opined that Bitcoin hadn’t gone too far with its UTXO model due to its limited programmability. He sees the Extended UTXO (EUTXO) accounting model as “the logical next step.”

Ethereum, which is currently the leading force in the decentralized finance (DeFi) space, uses the account-based model, which represents assets as balances. Hence, users are able to partially use their accounts instead of spending the whole thing.Vitalik Buterin, the co-founder of Ethereum, opened for the account-based model instead of the UTXO because he became frustrated with Bitcoin’s limitations.

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2022-04-14 16:58:22 Binance receives in-principle approval to operate in Abu Dhabi

The in-principle approval from the Abu Dhabi Global Market allows Binance to operate as a broker-dealer in digital assets including cryptocurrencies.Binance, the world’s biggest crypto exchange in terms of trading volume, received in-principle approval to operate in Abu Dhabi, marking its third regulatory approval in the Middle Eastern region after Bahrain and Dubai.

The in-principle approval from the Abu Dhabi Global Market (ADGM) allows Binance to operate as a broker-dealer in digital assets including cryptocurrencies — marking yet another milestone for the crypto exchange, which envisions to operate as a fully-licensed firm.ADGM serves as an international financial free zone within the capital of the United Arab Emirates, which historically has played an important role in regulatory and supervisory oversight of the financial services provided within its jurisdiction.

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2022-04-14 16:58:22 Crypto-Friendly Special Economic Zone in Honduras Adopts Bitcoin as Legal Tender

A crypto-friendly special economic zone in Honduras has adopted bitcoin as legal tender, allowing the cryptocurrency to be used to pay taxes and fees. In addition, bitcoin bonds can be issued within its jurisdiction using “world-class standards for AML and KYC.”

Próspera, a special economic zone located on the island of Roatan in the Western Caribbean and the Northern Corridor of Honduras, announced Thursday that it has adopted bitcoin as legal tender. Referring to Próspera as “crypto-friendly,” the announcement details, “Bitcoin and other cryptocurrencies effectively operate as legal tender within its jurisdiction.”

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