Designing Scalable Blockchain Architectures: Building for the Future
The phrase “building for the future” has long stood as a testament to the changing face of technology and innovation. When it comes to blockchain technologies, the emphasis on future-oriented design could not be more pronounced. With concepts like decentralization, transparency, and security taking center stage, blockchain has emerged as one of the most revolutionary […]
DeFi Liquidity Protocol Symbiosis adds Support for zkEVM rollup Linea
Decentralized finance liquidity protocol has added support for Linea, a Consensys-developed zkEVM-based scalable solution for cross-chain swaps. Linea is a developer-ready zkEVM roll-up type, according to a statement from Symbiosis. This means it is Ethereum-compatible and allows developers to reuse a significant amount of existing infrastructure when constructing multi-asset-based solutions. Linea includes over 100 protocols, […]
UK Denies Proposal To Treat Crypto Like Gambling
The United Kingdom government has rejected a proposal by the U.K. Treasury Committee to regulate crypto retail trading in the same manner as gambling, emphasizing its “strong disagreement” with the Committee’s position. In a report issued on May 17 by a House of Commons Committee, British legislators called for the crypto market to be regulated […]
Kuwait Bans All Transactions Involving Crypto, Virtual Assets
Kuwait is the most recent nation to prohibit virtually all transactions involving cryptocurrencies such as Bitcoin. However, securities and other financial instruments regulated by the Central Bank of Kuwait and the CMA are exempt from the ban. The Capital Markets Authority (CMA), Kuwait’s primary financial regulator, issued a circular on the supervision and issuance of […]
Binance Burns $480 Million Worth of BNB
Following its 24th quarterly burn, Binance destroyed 1,99 million BNB tokens. The Auto-Burn system executes this burn to maintain the 100,000,000 BNB token supply. The market value of the burnt tokens is $484,160,000. This is a Binance initiative to reduce the number of BNB tokens circulating. The burn is carried out by an Auto-Burn mechanism, […]