Over 15% of ETH Supply Locked in Smart Contracts, BTC Dominance Declining


The rapid growth of decentralized finance (defi) protocols is contributing to the increasing proportion of ETH supply that is now locked in smart contracts. More than 15% of the total ETH supply is now locked, compared to 11.5% from a year ago. This growth led to the inevitable decline of...

Global Digital Industry Group Launches Mining Business Bitworld


The UAE cryptocurrency giant, Global Digital Industry Group (GDIG), has established its mining subsidiary Bitworld and will invest $50 million in the company by 2021 as it works to build the company’s presence in the Middle East bitcoin and Ethereum mining industry. GDIG has appointed...

60% of Firms in Blockchain Sandbox City Don’t Know What Blockchain Is


The Gwangandaegyo or Diamond Bridge in Busan, South Korea. Just a year ago, Busan, the second biggest city in South Korea, was celebrating after it was granted the nation’s first blockchain regulatory sandbox status – with grand plans afoot for implementing tokenized business plans...

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