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’ […]
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 […]
China to distinguish NFTs from the crypto sector using blockchain technology
China plans to create a clear distinction between cryptocurrencies and nonfungible tokens (NFTs), this is a reassurance that NFTs are legal in the country as opposed to their counterpart cryptocurrencies. According to the South China Morning Post, the Blockchain-based Service Network (BSN), a government-backed blockchain project in China, is developing infrastructure to help enterprises and […]
Legal expert claims UAE regulators pave way for crypto and blockchain adoption
While many nations simply prohibit Bitcoin (BTC) and other digital assets, the UAE is adopting a different approach. The government has been steadily implementing its ambition of becoming a blockchain capital by establishing frameworks to instruct crypto enterprises on how to comply with the rules. UAE’s crypto and blockchain adoption move The Securities and Commodities […]
Bahrain’s central bank pilots JPMorgan’s blockchain and token
Bahrain is the latest country to test JPMorgan’s blockchain technology. Onyx, a blockchain and cryptocurrency arm of JPMorgan , has successfully completed a digital payments test with the Central Bank of Bahrain (CBB). Bahrain’s successful test The trial also included two other key organizations, the Manama-based international bank ABC and Bahrain’s national aluminium smelter Aluminium Bahrain, or Alba. The bank ABC was able to conduct […]