Ethereum co-founder Vitalik Buterin calls Bitcoin Cash (BCH) "mostly a failure", contrasting his initial optimism as the coin faces long-term challenges due to a rebellious mindset. A few years earlier, Buterin wrote that he considers BCH a legitimate contender for the Bitcoin name.
Buterin's tweet
BCH was created in 2017 following a bitcoin fork, as a group of developers became dissatisfied with bitcoin’s overall scalability direction. As at Jan 3, BCH is trading at around US$442 apiece, down 88% from its all-time high of US$3,785.82 recorded Dec 20, 2017.
BCH 1-year price performance, credit: CoinGecko
See also: Digital Assets Association launches to connect tradfi and tokenised real world assets
In a new year’s open letter, president and representative director of Japanese video game conglomerate Square Enix Yosuke Matsuda detailed the company’s plans to invest more in blockchain gaming, among other key themes. By designing viable token economies into its games, the company will enable self-sustaining game growth, said Matsuda.
“If we refer to the one-way relationship where game players and game providers are linked by games that are finished products as ‘centralised gaming’ to contrast it with decentralised gaming, then incorporating decentralised games into our portfolio in addition to centralised games will be a major strategic theme for us starting in 2022,” he added.
Meanwhile, cryptocurrency exchange Gemini’s ex-Asia Pacific head Jeremy Ng as well as former head of business development for the region Eugene Ng is launching their own Singapore-based cryptocurrency venture, The Business Times reports. Further details will be shared at the end of Q122.
See also: Ex-Grab executive joins Winklevoss twins crypto firm Gemini as head of APAC
Gemini’s latest funding round values the company at US$7.1 billion. Singapore is its Asia Pacific hub, with more than 50 staff members. Gemini Digital Payments, its digital payment token exchange and custodian business in Singapore operates under the supervision of the Monetary Authority of Singapore and has applied for the Major Payment Institution License pursuant to the regulations set forth in the Payment Services Act 2019.
Photo: André François McKenzie/Unsplash
