⛓️ BNB chain gets adopted by the government (of Kazahkstan for now, though)

⛓️ BNB chain gets adopted by the government (of Kazahkstan for now, though) 🚓 UK police says it trains to investigate crypto crimes, but struggles with capacity and retention issues ✨ Vitalik: crypto is the "better bet" compared to gold

Good morning, $VEMP kings.

Hope y'all are prepared for a restful weekend to be ready to conquer next week like the true bosses that you are. Let's make it a good one, folks! Keep hustling and never give up.

⛓️ BNB chain gets adopted by the government (of Kazahkstan for now, though)

🚓 UK police says it trains to investigate crypto crimes, but struggles with capacity and retention issues

✨ Vitalik: crypto is the "better bet" compared to gold

BNB chain gets adopted by the government (of Kazahkstan for now, though)

The BNB Chain is ready to make its mark on the world stage, and first step on the list? Helping a country launch a central bank digital currency (CBDC).

CZ has recently announced that Binance will be playing a role in Kazakhstan’s CBDC efforts. In a twitter post, he boasted about the team’s dedication to pushing global adoption of cryptocurrencies.

Recently, Kazakhstan ran a CBDC pilot with real consumers and merchants in order to test its viability. CZ stated that he is looking forward to Kazahkstan National Bank preparing CBDC use cases so that they can see how it could be integrated into BNB Chain. This would bridge the gap between traditional banking and the crypto ecosystem. Kazakhstan is utilizing a two-tiered system for their CBDC, which entails the central bank managing the entire network while smaller banks open digital wallets where users can exchange and redeem digital currency, as well as make interbank transfers.

Even though CBDCs are government-issued digital currencies, they still rely on blockchain technology. And what better way to showcase the power and potential of blockchain than by assisting a nation in launching their own digital currency?

But it’s not just about showing off the technology. This move also strengthens Binance’s position as a leader in the crypto space and solidifies their role in shaping the future of finance.

So while some may see this as just another project, we see it as a chance to make history.And Binance seems to be ready for the challenge. Granted, we're talking about Kazahkstan here, not exactly the most exciting country in the world. But hey, it’s a start. Who knows where we’ll go next? The sky’s the limit.

UK police says it trains to investigate crypto crimes, but struggles with capacity and retention issues

UK police have the ability to investigate economic crimes related to cryptocurrency, but not enough officers to do so.

That’s according to Andy Gould, the detective chief superintendent for the NPCC, who spoke at the debate on the UK Economic Crime and Corporate Transparency Bill. He said that UK policemen have been trained in crypto crime investigations. And boy, did it cost a pretty penny too - £100 million to be exact. Not a small chunk of change by any means. But even with all that training, the police are still facing challenges. For one, private sector jobs offer better pay and benefits, making it difficult to retain trained IT specialists. And keeping up with the constantly evolving technology can also be a struggle.

The truth is, we all know that government institutions all over the world have the digital crime-busting capability of an old Nokia flip phone, but hey, at least they're trying.

It's naive to think that criminals will be scared by this news. If we want to put a stop to crypto-related crime, we need some changes in the crypto world starting with improved education for users and focusing more on security, among other things. But let's not get ahead of ourselves, baby steps first. Soon enough the crypto-space will be a safe-haven for investments and funds, but until then - stay safe and secure out there.

Vitalik: crypto is the "better bet" compared to gold

ETH founder Vitalik Buterin may have just crowned crypto as the new king of investments. In a tweet, he boldly declared that crypto is "the better bet" when compared to good old gold. He even went as far as saying that gold has less adoption than crypto.

He did aknowledge gold's value as a store of value, but called it "incredibly inconvenient" and difficult to use when dealing with strangers.

This all happened on Twitter, where else, Vitalik's favorite platform for sharing his thoughts on all things crypto, he was replying to The New York Times bestselling author Zach Weinersmith who asked about the benefits of crypto over gold.

The debate over crypto vs. gold isn't new, but Buterin's bold statement is bound to stir up even more discussion among investors looking for the best safe haven asset. Exposing your portfolio to both may not be a bad idea, as they both have their own unique benefits and drawbacks. Gold has been around for centuries, so we couldn't have been around to invest in it during its early stages. But with crypto, we have the opportunity to hop on board a potentially revolutionary asset at its infancy. No one knows what the future holds, but one thing's for sure - it's going to be a wild ride.