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Shiba Inu Owners Flock to Burn Portal With 11B Tokens Removed
25.4.2022
SHIB valued about $251,000 have been burned in the first 24 hours of operation, data show
Getting Shibby with it: SHIB burning portal launches
25.4.2022
Shiba Inu devs launched a portal that will burn more SHIB tokens than ever before and reward burners for doing so
Shiba Inu’s New Burn Portal Rewards SHIB Burners for Destroying Their Tokens
24.4.2022
Shiba inu holders can now get rewards for burning their SHIB tokens as the project’s development team officially launched the Shibaswap burn portal. According to the team, SHIB burners generate passive income in the form of RYOSHI rewards by holding on to a new token called...
BNB Chain to Burn Over $740M Worth of BNB Tokens
19.4.2022
The tokens are expected to burn automatically for the first time this quarter
Terra’s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin
18.4.2022
The algorithmic stablecoin stemming from the Terra (LUNA) network has become the third-largest stablecoin token in terms of market capitalization at $17.54 billion. As of today, UST’s market capitalization has surpassed the BSC-based stablecoin BUSD by more than $67 million. Stablecoin...
‘Save Your Skin’ From Inflation With BTC, The Great Monetary Shift, and SHIB Burns — Bitcoin.com News Week in Review
17.4.2022
Another spicy week of crypto news heads into the weekend, with Mexico’s third-richest billionaire advising “save your skin” from hyperinflation by buying bitcoin, Shark Tank star Kevin O’Leary predicting that bitcoin mining will “save the world,”...
Shiba Inu Burn Rate Hits 26,000% in the Last Day, 1.4 Billion SHIB Destroyed in 24 Hours
9.4.2022
On Saturday, the second-largest meme-based cryptocurrency shiba inu has seen a lot of tokens burned during the last 24 hours. According to statistics, the network’s burn rate has increased by 26,592% as 1.4 billion SHIB has been destroyed. Shiba Inu Burn Rate Increases Significantly...
KuCoin Releases KCS Whitepaper, Reveals the 20 Million KCS Burn
29.3.2022
The world-leading KuCoin exchange has released an updated version of Whitepaper, co-developed with the KCC decentralized chain and KCS Management Foundation. The new document provides details about the KCS Foundation and KCC Ecosystem and the distribution of KCS tokens for incentivizing users...
$5.8 Billion Burned: Second Largest Crypto Network Records 2 Million Ethereum Destroyed in 7 Months
21.3.2022
This week, the Ethereum network’s burn rate reached a milestone by surpassing 2 million ethereum burned worth $5.81 billion since August 5, 2021. Metrics show the crypto network has a 24-hour burn rate of 1.74 ether per minute, which equates to roughly $5K worth of ether destroyed every...
Demand for UST Keeps Rising, Luna Foundation Guard to Burn 4.2 Million LUNA From Treasury
11.3.2022
The Luna Foundation Guard (LFG), a nonprofit organization, has announced new measures to keep the supply of UST, the flagship stablecoin of the Terra ecosystem, liquid in secondary markets. The protocol has already reached the max issuance of UST per day, but demand is strong enough that...
Ethereum After 1559: Network Nears 2 Million ETH Burned Worth Over $6.9 Billion
26.2.2022
Approximately 205 days ago, the Ethereum network upgraded via the London hard fork which implemented the packaged Ethereum Improvement Proposal (EIP) 1559. Since then, the EIP-1559 upgrade made it so a fraction of gas is destroyed during the transaction process and to date, 1,915,220 ether has been...
$1B worth of ETH burned in the past 30 days due to record high OpenSea NFT transactions
1.2.2022
Despite the large burn value, the network is still inflationary until its PoS transition scheduled for Q2 or Q3
Buyback-and-burn: What does it mean in crypto?
22.1.2022
When considering price volatility in digital marketplaces, buyback-and-burn strategies in crypto offer long-term price stability and token value growth
Intel's Bitcoin Mining Surprise, Crypto Mortgage, BNB Burn + More News
18.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Intel's Bitcoin Mining Surprise, Crypto Mortgage, BNB Burn + More News
Ethereum EIP-1559 upgrade launches on Polygon to burn MATIC
18.1.2022
MATIC supply is likely to become deflationary once fee burning commences according to estimates by the Polygon team
SHIB Burn for Merchants to Launch by the Crypto Payment Provider
31.12.2021
NOWPayments, the non-custodial digital payments tool, is adding a feature allowing merchants to burn out Shiba Inu tokens. The Amsterdam-based company mentioned that it is going to burn about 3% of the total relationship in the top canine coins community. In crypto, burning means the sending...
Ethereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed
28.12.2021
With three days left until the end of 2021, the Ethereum network and its native token ether have had a phenomenal year as ether has increased more than 450% in value in 12 months. 145 days ago, on August 5, the Ethereum network implemented the London hard fork and since that day, 1,283,226 ether...
SWIFT Tokenization, BNB Auto Burn, PwC Enters The Sandbox + More News
23.12.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: SWIFT Tokenization, BNB Auto Burn, PwC Enters The Sandbox + More News
Binance introduces BNB Auto-Burn to replace quarterly burn protocol
23.12.2021
BNB tokens will now be burned automatically based on a formula that includes blocks generated and BNB’s price
Inside the blockchain developer’s mind: Proof-of-burn blockchain consensus
19.12.2021
Gaining a deeper understanding of a popular — but, meanwhile, widely misunderstood — concept in blockchain technology: the consensus algorithm