Binance’s First Quarterly Auto-Burn Removed Over 1.6B BNB
Binance intends to replace its native token’s quarterly burn with a new mechanism called BNB Auto-Burn. The burn took 1,684,387.11 BNB, according to a Binance blog post. That’s $798,887,962 in tokens at the time of writing. Through the Binance Pioneer Burn program, which counts BNB delivered to dead wallets, 6296 of those coins were ‘effectively’ […]
Malaysia’s Central Bank is actively considering CBDC options
In 2021, Malaysia collaborated with South Africa, Australia, and Southeast Asian neighbor Singapore to develop a proof-of-concept CBDC pilot. Malaysia has joined a growing list of countries looking at the benefits of researching and implementing a central bank digital currency (CBDC). While a decision on how to proceed with a CBDC has yet to be […]
Pakistan’s president calls for more training in emerging technologies
According to a Chainalysis analysis from October 2021, Pakistan was third in crypto adoption after Vietnam and India. While meeting with a group of blockchain technology specialists, Pakistani President Arif Alvi advocated for more training in new technologies such as blockchain, artificial intelligence, and cybersecurity. Alvi said Pakistan’s talent pool should be ready to fulfil […]
Tether Freezes Over $150 Million Worth Of USDT
Tether has been one of the most perplexing aspects of cryptocurrency in recent years, and this hasn’t altered as use has increased. Decentralization has been a big issue, and while the term isn’t used once in Satoshi Nakamoto’s Bitcoin whitepaper, it has been a primary identity associated with bitcoin, and crypto in general, from its […]
Binance Now Allows Direct Ethereum Layer 2 Withdrawals
Binance appears to have begun making direct withdrawals to Layer 2 Ethereum Networks. Lark Davis, a well-known crypto analyst, was the first to notice the change, posting a screenshot to his Twitter account. Oh boy…… Binance just enabled direct withdrawals to layer two #ethereum!!!! HUGE NEWS!!!! pic.twitter.com/4B2t2nV9OB— Lark Davis (@TheCryptoLark) January 14, 2022 Binance has already […]