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…

The level of digital transformation in payments in the UAE has changed consumer behavior, showing the growing appetite for crypto and blockchain, claimed John Hensel, co-founder and CEO of Securrency, an Abu Dhabi-based technology firm. In a survey conducted by The National News two months ago, half of UAE citizens said they plan to use…

On Friday, Cardano’s official commercial arm EMURGO announced Astarter, a joint venture with China-based technology firm BlockChain4A, to build decentralized financial (DeFi) services infrastructure on Cardano blockchain protocol. The joint venture will combine EMURGO’s technical expertise of Cardano’s founding entities, coupled with Blockchain4A’s experience in DeFi technical infrastructure development. After Cardano’s Alonzo hard fork successfully…

Almost everyone at his point knows what “decentralized finance” is. However, generally speaking, the DeFi sector has not yet reached the mass adoption stage. In terms of attitude to it, the situation with DeFi now resembles the situation with cryptocurrencies at the very beginning of 2017. Bitcoin rising to $ 50,000 per token and Ether…

El Salvador announced the country is looking to exempt foreign investors from taxes on Bitcoin profits to encourage foreign investment. While “over half a million users” have registered in the country’s Chivo Bitcoin wallet, President Nayib Bukele said. According to Javier Argueta, the legal advisor to El Salvador’s President, the policy aims to encourage entrepreneurs…

Search engine giant Google partnered with Canadian blockchain firm Dapper Labs to help bolster Web 3.0 development, including blockchain gaming and the NFT marketplace. The blockchain company’s CEO Roham Gharegozlou tweeted about the deal on Tuesday, noting that the firm was “amped to welcome Google to the Flow blockchain.” According to Forbes, Google Cloud will…