NFT News Daily Today TheBitTimes.com

Bitcoin’s future price surge and mainstream adoption could happen independently of institutional adoption of the digital currency. The connection between Bitcoin and gold goes back to Bitcoin’s origin. While it is not mentioned in the Bitcoin white paper, Satoshi Nakamoto actually referred to gold’s rarity in a Bitcointalk forum post when introducing the first version of Bitcoin (BTC) in 2009. This was to emphasize the importance of a limited supply of 21 million coins. Bitcoin’s market value is frequently matched up against gold, which boasts a total worth of $12.8 trillion, and many crypto pundits often point to the approval of a gold exchange-traded fund (ETF) in 2004 as the catalyst for the asset’s price appreciation. Currently, Bitcoin encounters resistance at the $30,000 mark, and its inability to surpass this level could lie in how institutional investors perceive the comparison of BTC and gold as stores of value. Bitcoin’s present market cap of $570 billion outshines traditi...

This initiative aims to house all NYSC certificates on the blockchain, providing individuals with the means to easily verify and authenticate them. Kashifu Inuwa Abdullahi, who holds the position of Director-General at the National Information Technology Development Agency (NITDA), has disclosed that blockchain technology will be employed for the generation and validation of National Youth Service Corps (NYSC) certificates within Nigeria. The National Youth Service Corps is a program in Nigeria that requires university graduates under 30 years old to undergo a one-year period of national service involving community development projects and cross-cultural integration. This declaration took place at the Stakeholders’ Policy Dialogue centered around the execution of the National Blockchain Policy. The gathering was organized by NITDA in collaboration with the stakeholders from the Blockchain Association of Nigeria (SiBAN). Image of Kashifu Inuwa Abdullahi, the Director-General at NITDA a...