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The Recent EVE Online Riots Where Thousands of Fans Burned Their In-Game Money, Explained
24.11.2021
EVE Online’s latest slate of updates, “New Dawn”, promised to bring with it a return to an age of prosperity to the game’s universe. Alongside the first patch of the new quadrant came a Nov. 12th Developer Blog detailing how CCP, the developer behind the game, planned on delivering that new age....
Terra to Burn $4.5 Billion Worth of LUNA From Community Pool
13.11.2021
Terra, an algorithmic stablecoin project, will burn $4.5 billion worth of terra (LUNA), its native token, from its community pool. The decision was taken using the on-chain governance system, and according to proposals 133 and 134, the LUNA will be burned and swapped for the native stablecoin...
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...
DeversiFi Explains What Caused the USD 23M Transaction Fee on Ethereum
29.9.2021
coinciding with gas fee changes associated with the EIP-1559 upgrade in some circumstances can lead to transactions with extremely high fees.”
Blockchain Game Axie Infinity Updates Fees as Token Hits All-Time Low
23.9.2021
s fee structure.Or in their words, the growth has slowed down “due to concerns over an imbalance in the amount of SLP minted versus burned per day.” The announcement added that volatility in both SLP and the game’s governance token
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...
ETH 2.0 Contract Exceeds 7.4 Million Ether, Close to $30 Billion Locked, Liquid Staking Pools Grow
6.9.2021
The Ethereum 2.0 contract now has more than 7.4 million ether worth over $29.3 billion using today’s ether exchange rates. According to statistics, the smart contract address is the largest holder of ethereum out of all the wallets in existence. Ethereum 2.0 Contract Nears $30 Billion In...
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...
EIP-1559 Three Weeks Later: ETH 100,000 Burned, Supply Grows
26.8.2021
Just over 100,000 ethereum (ETH) has been burned as a result of the networks latest London upgrade three weeks ago. Still, the total supply of ETH appears to be growing, although increasingly more coins are being locked up for the Ethereum 2.0 launch, setting up conditions for a potential supply...
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...
Burned Banksy NFT Sale Captures Close to $400K, Critics Claim Buyers Are ‘Morons’
8.3.2021
On March 3, a group of anonymous art enthusiasts decided to burn an original Banksy screenprint worth roughly £70,000 or around $95,000 USD, and then turned it into a non-fungible token (NFT) asset. The art now exists as an NFT and was auctioned for 228.69 ethereum or $394k using today’s...
A Group of Crypto Proponents Burned an Original Banksy ‘Morons’ Print and Turned It Into an NFT
4.3.2021
Original artwork crafted by the pseudonymous England-based street artist and political activist Banksy has been burned in order to turn the art into a non-fungible token (NFT). The screenprint was one of only 500 made and was authenticated by Banksy’s verification company Pest Control....
‘I can’t believe you morons actually buy this shit’: Banksy art burned and tokenized
4.3.2021
The satirical piece by Banksy pokes fun at the shallow, bloated art industry... So, what would he think about NFTs?
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...
Tether Explains Why It Hasn’t Burned Any USDT
28.5.2020
Tether CTO cites the popularity of its ERC20 tokens as the reason why the company never burns them, but stores them in their ‘inventory’
Bitfinex is Constantly Printing More Tether, None Of It Has Ever Been Burned
27.5.2020
A report indicates that no Ethereum-based Tethers have ever been burned, though new ones are constantly being printed
60% of WEST Tokens to Be Burned Before Network Upgrade
9.11.2019
Waves Enterprises has taken the crypto world in a blow with its recent announcement about its native digital asset—the WEST tokens. The firm is gearing up to burn 60% of all WEST tokens. The process will decrease the total supply value of WEST from the initial 1 billion mark to a mere 400 million...
Cash Runs Dry at ATMs as Protests Escalate in Chile
26.10.2019
There’s a lot of unrest in Chile right now as the country has seen massive protests against government manipulation and an escalation of financial problems. Local reports detail a few banking establishments have been burned after customers started having issues withdrawing cash from ATMs....