Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 17th Jan 🚨 🔥 Binance BNB Chain Burns Over $500M in BNB Tokens! 🚨 (Less/Reduced) Supply = More Demand 💪🏻 Ethereum Validator count surpasses 500,000
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17th Jan 🔥 Binance BNB Chain Burns Over $500M in BNB Tokens! 💥 Ethereum Validator 500,000

🚨 (Less/Reduced) Supply = More Demand BNB Chain Burns Over $500M in BNB Tokens Since the introduction of BEP95, over 145,000 BNB has been burnt under this mechanism Official info via Binance blog here https://lnkd.in/d3tEE_KE

⚡ CoinDesk article states Over 100 million BNB or half of its total supply, is intended to be removed from circulation through a burning process and to eventually keep only 100 million BNB in circulation. Article here https://lnkd.in/dRdgTP3p provides useful information on how the burning mechanism works for Binance BNB chain

❓ Can Central Bank Digital Currencies use the Burning mechanism to better manage inflation?

👀 Georgia is ready to launch its CBDC called “Lari Pilot” in the First Half of 2023 Bitcoin.com states The National Bank of Georgia (NBG) is going to release a ‘digital lari’ whitepaper Deputy Governor Papuna Lezhava explained in an interview with the Rustavi 2 TV channel. Article here https://lnkd.in/dR-4P6Br

❓ A cheaper, more secure & faster means of Payment! But at what cost?

🎧🎙️ Check out Blockchain DXB’s episode on CBDC where we highlight this issue. Episode links below: Spotify https://lnkd.in/d5dZt3fP Anchor https://lnkd.in/dTZiw-63 Apple iTunes https://lnkd.in/dzYS__Ua

💪🏻 Ethereum Validator count surpasses 500,000 ahead of upcoming Shanghai Hard Fork. The number of Ethereum network validators on the Beacon chain exceeded 500,000 as of Jan. 12, 2023

👁️‍🗨️ Consensus Layer Meeting 101 on YouTube here uploaded on the 12th https://lnkd.in/dWFTAfDp discusses a new testing network for the Shanghai upgrade, a hard fork that’s anticipated to happen in March 2023 Bitcoin.com article states The developer’s new testing environment is called “devnet 2” as it follows “devnet 1” released in Nov. 2022. The new testnet was discussed briefly during the All Core Devs (ACD) meeting held on Jan. 5, 2023.

💨 DailyCoin has reported that The Californian cannabis nursery Mendocino Clone Company turned to blockchain technology for assistance in keeping track of plant traits, ascertaining authenticity, and marking clones with unique batch certificates. The batch certificates provide a unique identifier block for each plant, which is stored on Ethereum’s blockchain. https://lnkd.in/d5sEBrHG The article also discusses EMTRI Project in late 2022. This is claimed to be a decentralized cannabis supply chain community, dishing out crypto-related rewards for enthusiasts. We strongly feel there are limited use cases of Block + Chain technology and the information is only as good as the input.

💥 Two UAE news: (Slides written entirely by chatGPT) ⚡ DMCC (Dubai Multi Commodities Centre) to boost Mena region’s $32 billion e-commerce sector ⚡ Cheung Kong Graduate School of Business launches first global unicorn programs with the first stop in Dubai

For slides click here: https://tinyurl.com/27zxdfpt

LinkedIn Profile: https://tinyurl.com/569zh78j

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