Binance burns about $1M worth of Terra Classic (LUNC) tokens
Binance cryptocurrency exchange on October 10, burnt approximately 3 billion Terra Classic (LUNC) tokens which were estimated to be worth about $1 million. Binance delivered more than 2.99 billion Terra Classic (LUNC) tokens to the burn address. The transaction cost is 35.91 million LUNC in addition. The total supply of LUNC tokens has dropped to […]
UAE’s Crypto Oasis reportedly hosts thousands of organizations
The United Arab Emirates (UAE) Crypto Oasis is rapidly growing to become one of the locations for Web3 projects as reports show that 65% of 1,450 Web3 organizations are based on its native blockchain technology. The Web3 platform Crypto Oasis Ecosystem recently released a research report that demonstrated the dominance of the UAE in the […]
BNB Chain launches incubator program to boost European Web3 startups
BNB Chain has unveiled an incubator program dubbed “innovation incubator” which is set to target European -based Web3 startups and developers. BNB Chain, which powers the Binance cryptocurrency exchange and BNB, has announced its newest development-focused project with a focus on European developers . Program participants in the three-week online “innovation incubator” must have at […]
PayPal retracts misinformation clause in Acceptable Use Policy
Despite the retraction from Paypal, the crypto community argued the policy shows why decentralization and self-custody are crucial. PayPal, an online payment network, has backtracked on a contentious policy that could have resulted in customers being fined $2,500 for disseminating “misinformation,” stating the policy update was made “in error.” The now-retracted disinformation section in PayPal’s […]
Dapper Labs restricts Russian accounts amid EU sanctions
Dapper Labs was told to restrict these accounts because its “payment processing and stored value service partner is subject to EU rules.” Following the implementation of additional restrictions by the European Union (EU) against Russia and its citizens, Flow blockchain developers Dapper Labs have blocked Russian accounts. The most recent round of EU sanctions on […]