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Power Substation Burns out as Abkhazia Bitcoin Mining Woes Worsen
8.12.2020
Abkhazia’s crypto mining-related mayhem is hitting melting point – literally – with a power substation overheating and finally burning with legit and illegal miners alike refusing to slow down their efforts.
As previously reported, anarchic scenes have become commonplace in the de facto South...
Wrapped Bitcoin ‘Burns’ Increase as Traders Rotate Capital Out of Cooling DeFi
3.12.2020
WBTC burns picked up in November, continuing into December
DeFi Darling Ampleforth Crashes as Unique Feature Burns Traders
30.7.2020
After an epic rally in June and July, the grim reality has now dawned on traders trying to profit from moves in ampleforth (AMPL), as a unique feature of the hyped DeFi (decentralized finance) protocol is burning traders who didn’t pay attention to crucial details in the coin’s technical design.
As...
Lebanon's Central Bank Burns as Protesters Rail Against Fiscal Failures
12.6.2020
A spiralling currency crisis in Lebanon sparked widespread protests targeting central banks an increasing embrace of digital assets
Eidoo Burns 28 Million $EDO in Preparation for Governance Token Upgrade on June 18th
11.6.2020
Switzerland, 11th June 2020. Swiss-based crypto platform Eidoo has today burned almost one third (1/3rd) of the total supply of utility token $EDO as they prepare for its June 18th token upgrade, in collaboration with sister company Provable Things. In one of the largest-scale token burns in...
Bitfinex DeFi Offshoot Burns $20M Tokens in Bid to Drive DEX Adoption
30.3.2020
DeversiFi burned $20 million worth of its governance token to drive DEX adoption following centralized exchange failures
As Australia Burns, Cointelegraph and Oxygen Seven Raise Relief Funds
22.1.2020
As Australia continues to be ravaged by wildfires, Cointelegraph and Oxygen Seven raise Bitcoin for relief
Stellar Price Jumps 20% after Foundation Burns Half of All Tokens
5.11.2019
XLM prices are skyrocketing after a group named the Stellar Development Foundation (SDF) burned a whopping 55 billion tokens – effectively destroying over half of the Stellar Lumens tokens in existence.
The SDF made its announcement in a blog post, leading to a 24-hour price surge of over 20%....
Stellar Burns Over 55 Billion Tokens Worth $4.7 Billion USD
5.11.2019
The Stellar Development Foundation announced the burn of 55 billion XLM, stating that remaining tokens will be used for network development
Huobi’s Burns 116 Percent More Tokens Amid Quarterly Revenue Gains
15.7.2019
“There are two big trends reflecting the size of this quarter’s buyback. The first is a rapidly strengthening market for digital assets and the other is the increasing popularity of our entire product line," said Huobi Group CEO, Leon Li