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DeFi Platform Raft Hacked for $3.3 Million, Attacker Burns Most of Stolen ETH – Here’s What Happened
11.11.2023
Source: Pixabay Decentralized finance (DeFi) platform Raft has suffered a hack resulting in the loss of approximately $3.3 million in Ethereum ( ETH). However, the attacker’s attempt to profit from the heist may have backfired, as they incurred a loss themselves. On-chain data reveals that...
Attendees of Yuga Labs’ ApeFest Event Report Eye-Related Issues; Yuga Labs Investigating Cause
7.11.2023
Source: AdobeStock / alexandarilich Attendees of the Yuga Labs ApeFest event in Hong Kong have reported suffering burns, eye damage, and extreme pain in their eyes after attending the event. The attendees at the Yuga Labs ApeFest event in Hong Kong on November 4 suffered eye burns, impaired...
Chimpzee Burns 1 Billion More CHMPZ Tokens, New Raise Goal Announced
28.10.2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. The Chimpzee (CHMPZ) project is achieving remarkable strides in its endeavors, and the upcoming debut of the Chimpzee shop is further fueling the anticipation. With its launch just around...
New Presale Milestone – Chimpzee Burns 1 Billion Tokens, Makes Donations to Save Wildlife in Ukraine
27.10.2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. The Chimpzee presale is closing in on its conclusion as it enters the 14th stage. There are 16 stages in the presale in total. Investors are piling in on the presale to hoard CHMPZ tokens...
Pepe Memecoin Burns $5.5M Tokens Prompting 31% Rise
24.10.2023
Bitcoin (BTC) dominance hit its highest level since April 2021, outpacing the majority of altcoins – but the Pepe memecoin has bucked that trend
Uniswap founder burns $650B HayCoin against speculation
21.10.2023
Uniswap's Hayden Adams burned 99% of the HayCoin (HAY) supply on Oct. 20 over concerns about price speculation
HayCoin Price Soars as Uniswap Creator Burns 99.99% of Test Coin Supply
21.10.2023
HayCoin, a test coin created by Uniswap founder Hayden Adams, has experienced a dramatic surge in value after Adams decided to burn 99.99% of the token's supply.
At the time of writing, HayCoin is trading at $2,538,123, up by more than 273% over the past day, according to data from CoinGecko. ...
Binance Burns $450M BNB in Quarterly Move
16.10.2023
The burn mechanism is based on BNB's price and the number of blocks generated on the BNB Smart Chain (BSC) during the quarter
Shiba Inu’s Future: Token burns, whales, and mainstream adoption
28.9.2023
Shiba Inu is a meme token inspired by the popular meme of the Shiba Inu dog. It gained fame in the crypto world for its community-driven nature and meme status. However, understanding the current sentiment is crucial as it influences SHIB’s price and market dynamics, impacting both short-term...
Binance burns pumping LUNC, TOADS upside potential after launch is limitless, says trader
11.8.2023
The crypto market is often abuzz with new developments, with one of the latest being Binance’s Terra Classic (LUNC) token burn. This burn event has caused a significant surge in the price of LUNC, which comes at a great time for its community. At the same time, DigiToads (TOADS) has been capturing...
Mysterious Crypto Trader Burns Over $4.6 Million in Ethereum and Premium NFTs
11.8.2023
In the latest wave of onchain mystery, enthusiasts of the crypto world have been abuzz with talks about an enigmatic address that has been annihilating millions of dollars in crypto assets, as well as blue chip non-fungible tokens (NFTs). Specifically, on July 26, 2023, this very wallet sent 2,500...
BNB Chain Burns Nearly $500M Worth of BNB Tokens
19.7.2023
The burned tokens are now permanently destroyed, which makes circulating tokens more valuable if demand increases
Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem
27.6.2023
While the co-founder of Terraform Labs has been sentenced to four months in jail in Montenegro, a team of six anonymous developers have been attempting to revive the Terra Classic ecosystem after its collapse in May 2022. The six programmers, known as the “Six Samurai,” wholeheartedly...
Crypto Exchange OKX Burns $258M of OKB Tokens in Record Move
9.6.2023
OKX periodically buys back and burns the tokens to gradually reduce their supply on the open market
TRX’s value increases after the DAO burns an old batch of TRX
31.5.2023
TRON DAO recently announced burning its old batch of TRX, adding up to 268,971,097. The development was a part of TRON’s strategy to elevate TRX’s market value. Moreover, the move was made to improve TRON’s overall ecosystem efficiency. The DAO released an official post to inform users about...
Burning Metrics: Ethereum Burns 3.33 Million Ether Valued at $6.1 Billion in 21 Months
28.5.2023
In the past 21 months following Ethereum’s London hard fork, the network has witnessed the destruction of over 3.33 million ether, valued at $6.1 billion. At present, roughly 3.51 ether is burned every single minute. Standing out as a prominent participant in the burn process since August...
The 13 Best Simpsons: Treehouse Of Horror Segments
24.5.2023
The Simpsons is one of the longest-running TV shows in history, and while the animated FOX series has always tried to shake things up, it does keep one tradition alive: a yearly Halloween episode. But while these tend to be some of the funniest episodes each season, some segments are better than...
LOVESNOOPY Burns 85% of Tokens While Crypto Experts Amass New Eco-Friendly Cryptocurrency In Anticipation of Exchange Listing
24.5.2023
Image by Fareed Mindalano / Playground AI
LOVESNOOPY recently announced a massive 85% reduction in its total token supply through a strategic token burn.
This dramatic move could increase the value of its remaining tokens over time, representing an ambitious maneuver in the volatile...
LUNC Burn Can't Help Terra Luna Classic Price, New Crypto Coin Burns 30% of Token Supply
23.5.2023
The Terra Classic (LUNC) price has been in a downtrend throughout 2023 despite the LUNC coin burn, its total supply still 5.87 trillion tokens.
New cryptocurrency Copium is burning 30% of its supply, aiming to achieve what the former Terra LUNA hasn't. Since the announcement of its token burn...
The view from Paris Blockchain Week 2023: Web3 builds while the city burns
3.4.2023
It was champagne and optimism for Paris Blockchain Week 2023 despite the backdrop of Parisian protests and economic uncertainty