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CoinOtag 2024-06-11 21:11:07

ICBC Labels Ethereum (ETH) as Digital Oil, Bolstering China’s Support for Web 3.0 Innovations

The Industrial and Commercial Bank of China (ICBC) has recently labeled Ethereum as “digital oil,” marking it a significant endorsement for the cryptocurrency. This endorsement comes at a pivotal time as Ethereum continues to strengthen its smart contract capabilities and various applications. Notably, Ethereum’s technological advancements in security, scalability, and sustainability have drawn accolades from

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