Binance burns $444M more in BNB
The periodic burning of BNB by Binance is a purportedly deflationary technique that the exchange utilizes to lower the overall quantity of its coins and increase demand for them. Binance, a cryptocurrency exchange, has revealed that the 20th quarterly burn of its native coin, BNB, has been successfully completed. According to a statement on the […]
South Africa plans to regulate cryptocurrencies as financial assets
The central bank of South Africa wants to implement regulations on the sector and control cryptocurrencies as financial assets within the next 12 months. Deputy Governor of the South Africa Reserve Bank (SARB), Kuben Naidoo, suggested that bitcoin and other cryptocurrencies have several benefits for the financial system. However, he asserted that the sector is […]
Survey finds strong crypto use and penetration in Saudi Arabia
According to a recent KuCoin report, Saudi Arabia is a sizable market for digital currencies due to the nation’s good legal environment, huge user base, and rising interest in cryptocurrencies. Saudi Arabia is a significant market for digital currencies due to the strong penetration and adoption of cryptocurrencies there, showing the MENA region’s potential for […]
NFT volume drops in June, but first-time buyers remain consistent
The numbers behind the market’s initial bearish cycle are brought into sharp focus by Nansen’s NFT analysis. The nonfungible tokens (NFTs) market dynamics and quantitative performance over the past three months are displayed in Nansen’s NFT Indexes Report for the second quarter of 2022. The primary drivers of the well-documented NFT bear market are identified […]
UK Treasury Committee launches investigation into cryptocurrency sector
The public has until September 12 to provide evidence, which the Treasury committee may consider in its report to parliament on the risks and opportunities associated with cryptocurrencies and distributed ledger technologies. The Treasury Committee of the UK House of Commons has requested information from the general public regarding the risks and opportunities associated with […]