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NFT investor accidentally burns CryptoPunk: Nifty Newsletter, March 22–28
29.3.2023
While trying to wrap his CryptoPunk to borrow money, an NFT investor accidentally sent the asset to a burning address, permanently removing it from circulation
NFT investor accidentally burns $135k CryptoPunk trying to borrow money
25.3.2023
While going through the unfamiliar process of wrapping NFTs, Riley accidentally sent the asset to a burn address, permanently deleting the NFT from circulation
Embattled Crypto Lender Celsius Allocates $25M for Withdrawals, Burns $500M in WBTC
8.3.2023
Celsius Network established a crypto wallet with $25 million of crypto assets for the lender’s custody account holders to withdraw, Arkham Intelligence said in a report. Eligible customers have withdrawn some $17.7 million of crypto assets, the firm’s chief executive said in a Wednesday court...
DeFi Exchange PancakeSwap to Deploy Version 3 on BNB Smart Chain in April, Burns $27M in CAKE
6.3.2023
PancakeSwap V3 will offer new features such as improved liquidity provisioning, competitive trading fees, trading incentives and enhancement for yield farming tools
Tether USDT Gains $1 Billion as Paxos Burns Over $1.8B of Binance USD Stablecoins
15.2.2023
The increase comes as BUSD issuer Paxos faces increasing regulatory scrutiny
Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure
14.2.2023
The BUSD supply has decreased by more than 6% since Paxos announced on Monday that it would halt issuance due to regulatory pressure
BNB Chain Burns Over $500M in BNB Tokens
17.1.2023
The move was part of the 22nd auto-burn program
‘Ultra Sound’ Money — Simulation Shows Ethereum’s Inflation Rate Is Significantly Lower Using Proof-of-Stake
29.12.2022
Its been 105 days since Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network and the number of Ethereum validators is set to surpass 500,000 in 2023. According to metrics, Ethereum’s issuance rate of new coins has dropped considerably and only...
Lucky Block Burns 1% of LBLOCK Supply Again – Pump Incoming?
2.11.2022
Lucky Block, a major NFT competition and gaming platform, is in the news again following yet another token burn program. With the reduced circulating supply and a new community initiative, the platform’s token is set for another pump.
Earlier today, Lucky Block’s developers announced that they...
Binance Burns Over $500 Million of BNB Tokens – Pump Incoming?
14.10.2022
The major crypto exchange Binance on Thursday completed its last BNB token burn for the third quarter, with more than 2 million BNB tokens burned at a value of well over $500 million.
The total amount of tokens burned during the quarter 2,065,152.42 BNB, and was comprised of token burns under...
Damien Hirst Burns $10 Million Live as Part of NFT Project
13.10.2022
English artist and art collector Damien Hirst completed his year-long non-fungible token (NFT) project by starting the burn of $10 million worth of his physical artwork.
Hirst burned a part of the unclaimed physical artworks at his London gallery this Thursday during a live stream.
Asked how...
Binance exchange burns $547M worth of BNB tokens
13.10.2022
Binance permanently destroyed $547 million worth of BNB in its 21st quarterly burning event, but the markets remain steady
Damien Hirst burns $10M in art: Nifty Newsletter, Oct 5–11
12.10.2022
Racing league Formula One is positioning its brand in Web3 as it files trademark applications for "F1" covering crypto and NFTs
Terra Luna Classic Price Prediction as Binance Burns $916,000 Worth of LUNC
12.10.2022
Terra Classic remains one of the most traded cryptos in the space as it attracted more than $450 million in volume in the last 24hrs.
The news comes after Binance revealed its latest burn efforts saw nearly 3 billion LUNC permanently erased from the supply, equal to nearly $1 million.
In late...
Terra Luna Price Prediction as Binance Burns $1.8 Million LUNC
4.10.2022
The Terra Luna Classic (LUNC) price has dropped slightly in the past 24 hours, dipping by 0.5% to $0.00031545. Yet it remains up by 3% in a week and by 22% in a month, driven largely by Binance having completed a burn of all the trading fees it has collected from LUNC trading between September...
Binance burns $1.8M in LUNC trading fees following community proposal
3.10.2022
According to the crypto exchange, the burn was the equivalent of 1,863,213.47 USDT — roughly 5.5 million LUNC
Fed Chair Jerome Powell Says a ‘Difficult Correction’ Should Balance US Housing Market
25.9.2022
Following the Covid-19 pandemic, real estate investors did extremely well, despite the millions of Americans that were put out of work and faced evictions during the lockdowns in 2020. Stimulus put a bandage on the financial wounds inflicted by Mainstreet business shutdowns and deadlocked supply...
If Ethereum Starts Slashing, It Burns
25.8.2022
A move to penalize "bad actors" would make ether as politicized as fiat currency, says Nic Carter
Acala Stablecoins Near $1 Peg After Community Burns 1.2B aUSD Minted by Exploiters
16.8.2022
Developers said trace reports were underway to identify the transactions performed by the 16 wallet addresses connected to the exploit
Goodbye Zachtronics, Developers Of Very Cool Video Games
24.6.2022
On July 5, Zachtronics will be releasing Last Call BBS, a collection of stylish little puzzle games wrapped up in a retro PC gaming vibe. After 11 years in business (and even longer outside of commercial releases), a time which has seen the studio develop a cult following almost unrivalled in indie...