Facebook has big plans for expanding in the world of financial services. Its upcoming digital wallet, Novi, will be built upon the still-pending stablecoin Diem to supplant established players like PayPal in the process. The social network’s Novi division will be “a next-generation digital wallet” built upon cryptocurrency that will be nothing short of a…

The study of Fidelity has shown an increased appetite of institutional investors for Bitcoin and crypto, while a lack of understanding still is a barrier for wider adoption. The 2021 Institutional Investor Digital Assets Study published by Fidelity Digital Assets tracked institutional investor’s behavior amid the uneasy situation on traditional markets in the past year….

Over 310,000 ETH worth over $1 billion has become unusable since Ethereum implemented its “London Hard Fork” system upgrade six weeks ago. The “burning” process began on Aug. 5 when the Ethereum London Hard Fork upgrade was deployed and with it the long-awaited EIP-1559. The upgrade altered the transaction fee mechanism to do away with…