Six Capital Insider: Your Monthly Review
Welcome to our April newsletter! There has been a lot happening in the world of Web3 and blockchain technology this month.
- MiCa Agreement
- The Shanghai Upgrade
- Gold on the blockchain reaches $1 billion
The European Union is working on regulations for digital assets and technologies such as blockchain to ensure their safety and fairness. They want people to have confidence in these new technologies and for companies to use them properly. In Europe, they are working on creating regulations that are the same everywhere, making it easier for companies to understand what they need to do.
The European Union is on track to become a leader in the world of digital assets and blockchain technology by creating rules that protect both innovation, safety and privacy. This is important because these technologies are rapidly changing and can have a significant impact on how we handle money and data in the future.
To achieve this, the EU is working with companies and experts in the digital assets and blockchain industries. By listening to their opinions and using their knowledge, they can create better rules that protect both the industry and the people who use these technologies.
One of the most important things the EU can do is create flexible rules. This means that the rules are not too strict so that companies can continue to grow and innovate, while ensuring that people can remain safe and maintain their privacy.
Ultimately, it is important for countries around the world to work together to ensure a good approach to digital assets and blockchain technology. By working together and learning from each other, we can ensure that these technologies are used safely and fairly, so that everyone can benefit from them in the future.
The Shanghai Upgrade
The Shanghai Upgrade is a change in the Ethereum network This change ensures that people who participate in the Ethereu
m network (strikers and validators) can access their money more easily. After the Shanghai Upgrade, these individuals can retrieve their deposited Ethereum (ETH) as agreed.
For people who have Ethereum but have not deposited it into the network, the Shanghai Upgrade has little impact, except that the price of Ethereum may change slightly during and after the upgrade. However, Ethereum users may notice lower fees, making it cheaper to perform actions on the network.
The upgrade could have an impact on the price of Ethereum, but for now, it is unknown whether the price will go up or down in the short term. In the long term, this upgrade is very positive because the network is now more accessible and cheaper to use. This makes the Ethereum network more accessible for (new) users and is promising for the next upgrades to the network.
Gold on the blockchain reaches $1 billion
Gold on the blockchain (Tokenized Gold) is a tokenized form of gold whose value is based on the price of gold. These tokens allow investors to own gold without having to physically store or move it, making it more attractive because it is easier and cheaper than buying and storing physical gold.
Tokenized Gold, like other digital assets, is linked to gold rather than money (such as dollars or euros). This means that the value of Tokenized Gold rises and falls with the value of gold. Recently, the value of gold has risen significantly, bringing the total value of all Tokenized Gold to over $1 billion, meaning that around 15 tons (in kg) of gold has already been tokenized.
There are two major types of Tokenized Gold: PAX Gold and Tether Gold. These coins are made by companies that own and manage this gold. When you buy Tokenized Gold, it means you own the purchased gold.
Tokenized Gold is interesting for people who want to invest in gold but do not want to deal with the challenges of buying, storing, and moving physical gold. Additionally, people with Tokenized Gold can also own small pieces of gold, which is more difficult with physical gold.
The value of Tokenized Gold can change based on the price of gold, as well as changes in supply and demand on the market for digital coins. It’s important to do thorough research before investing in Tokenized Gold so that you know what the risks and opportunities are.