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OVR Upgrades Its Token Economics
12.11.2021
OVR has decided to upgrade its token economics to make its own tokens more rare and valuable. Last May, the OVR team burned about 1 million OVR tokens to celebrate the first six months of the project. Now it is announcing an exciting decision to make token burn an integral part of its token...
Ether Inferno: Ethereum Network Burned Over $2.4 Billion Worth of ETH in 87 Days
31.10.2021
87 days ago, the Ethereum network successfully implemented the London hard fork upgrade, and ever since then over 700,000 ether has been burned, or more than $2.4 billion using today’s exchange rates. 702,886 Ethereum Burned Since the London Hard Fork Data from Dune Analytics indicates that...
Binance Smart Chain Devs Propose Ethereum-Like Gas Fee Burning Mechanism
23.10.2021
Developers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that...
ShapeShift hopes to create 'rarest and most historical' NFTs with 80% trading card supply burn
15.10.2021
According to the exchange, it plans to retain 16 cards from the blockchain-based game Spells of Genesis to sell before 2022 and give 16 to its DAO
Ethereum miners are hoarding a record $70B in ETH following EIP-1559 activation
30.9.2021
The Ethereum block producers accumulated $6.1 billion worth of ETH tokens after the Aug. 5 network upgrade
$1.2B in Ether withdrawn from centralized exchanges in record daily outflow
17.9.2021
More than $1 billion worth of Ether has been withdrawn from centralized exchanges within a 24-hour period. It's the second time this year and the price went vertical last time
Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion
16.9.2021
On August 5, 2021, the Ethereum network and its participants successfully completed the highly anticipated London upgrade, which saw the implementation of the Ethereum Improvement Proposal (EIP)-1559. Since then, 303,681 ether worth more than a billion U.S. dollars have been burned. More Than 300K...
Protesters burn Bitcoin ATM as part of demonstration against El Salvador president
15.9.2021
The Chivo machine could be seen defaced with anti-BTC logos and a sign saying “democracy is not for sale.”
Iranian Ministry of Industries Denies Power Shortages Are Caused by Illegal Crypto Miners
2.9.2021
Iran’s Ministry of Industries, Mining and Trade has rejected claims blaming illegal cryptocurrency miners for the continuing electricity shortages in the country. The department believes the state-run utility company, Tavanir, has overestimated their role in the power deficit. Illegal Miners...
Ethereum Burns $432 Million ETH — Ether Burned Could Buy 2,000 Medium-Sized Homes
30.8.2021
Approximately 25 days ago, the Ethereum blockchain implemented the London hard fork and a number of features were added to the ruleset. One of the most anticipated changes was EIP-1559 which makes the crypto asset ether deflationary by burning a fraction of coins. Since August 5, over $432 million...
SOL burn? Solana price hits $100 for the first time after mysterious 'Ignition' event revealed
30.8.2021
Traders push their SOL/USD bids higher after Solana teases the community with "ignition," a mysterious feature that will go live on Aug. 31
Ethereum network congestion temporarily shuts down crypto gaming casino
12.8.2021
FunFair Technologies-owned KingTiger Casino is now on the lookout for new solutions for hosting “a new range of features and games” for its participants
Ethereum supply flips briefly into deflation as gas fees spike
11.8.2021
A spike in gas fees and ETH burn rates has produced almost 800 deflationary blocks so far
Ethereum’s Vitalik Buterin Says EIP 1559 ‘Most Important Part of London,’ Network Is Burning $16K in ETH per Minute
6.8.2021
The Ethereum blockchain has completed the highly anticipated London upgrade on Thursday and ether fans have been discussing the protocol’s burn rate with great fervor following the fork. 5.9 Ether Is Burned Every Minute, Vitalik Buterin ‘Confident’ About the future after London...
Vitalik: ‘More confident about the merge’ following ETH’s successful London upgrade
6.8.2021
The London upgrade has been a success, and now eyes are on the even more eagerly awaited merge with Eth 2.0
Ethereum network burns $395K ETH per hour after London upgrade
6.8.2021
At current burn rates, 2.3 ETH per minute, or $6,600 is going up in smoke
Dark Mode in One Line of Code!
19.7.2021
Dark mode has seemingly become the desired visual mode for websites and mobile apps alike. Dark mode is easier on the eyes, especially for those like me who like to burn the midnight oil by coding and reading tutorials. Unfortunately not all websites offer dark mode, so it’s up to me...
Binance burns $390M worth of BNB tokens
19.7.2021
Binance has destroyed $400 million worth of BNB in its 16th quarterly token burn event, but the markets don’t seem to care
Infinity Nodes: Proof-of-Burn Time-Variant Reward System for Data Storage
30.6.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
In June 2019, SINOVATE released the first-of-its-kind technological feature which exploits the power of the Proof-of-Burn (PoB) mechanism called Infinity Nodes. In 2020, the AURORA release pushed...
Iran to Shut Down Licensed Crypto Miners in Peak Hours of Power Consumption
23.5.2021
Citing a need to maintain a stable electricity supply for other users, Iran will be pulling the plug on cryptocurrency mining farms whenever power consumption peaks. The measure intended to deal with shortages will target licensed facilities despite the government admitting that illegal crypto...