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Ethereum’s Vitalik Buterin Burns $6.6 Billion Worth of Shiba Inu Tokens
17.5.2021
After the dogecoin hype invoked a new ERC20 token project called Shiba Inu, the crypto asset has been making waves throughout the crypto industry. On Wednesday, the cofounder of Ethereum, Vitalik Buterin donated $1 billion worth of Shiba Inu to India’s Crypto Covid Relief Fund. Then a...
Vitalik burns $6.7B of Shiba to reward generous hodlers
17.5.2021
Vitalik Buterin has burned nearly half of Shiba’s supply in response to the “generosity” of the ‘dog token communities.’
Plus: Rome burns hot, NieR's porting fail
23.4.2021
[The GameDiscoverCo game discovery newsletter is written by ‘how people find your game’ expert Simon Carless. This newsletter is exclusive to GameDiscoverCo Plus subscribers, and rounds up a plethora of exclusive platform sales & other analysis.] Greeting, wonderful GameDiscoverCo Plus...
BNB Drops As Binance Burns Almost USD 600M Worth of Coins
16.4.2021
Source: a screenshot, Instagram/binance
Binance coin (BNB) is the worst-performing major cryptoasset today as Binance said it has completed its 15th quarterly BNB token burn, destroying BNB 1,099,888 (USD 5.8bn).
At 09:19 UTC, BNB trades at USD 523 and is down by 4% in an hour and a day, trimming...
CoinEx Burns All 1.08 Billion Locked CET Allocated to the Team
23.2.2021
PRESS RELEASE. Hong Kong, February 23, 2021 – CoinEx, a global and professional cryptocurrency exchange service provider, announced on last Saturday that it has finished a historic burn of 1.08 billion locked CoinEx Token (CET) allocated to the CoinEx team for team building and market...
Halving & Burns on BitGesell – the Optimal Combination for Scarcity and Value in the Crypto Age
1.2.2021
BitGesell represents a deflationary cryptocurrency that closely resembles bitcoin, but comes along with a few design changes. Its value proposition stems from Silvio Gesell’s financial market philosophy, who imagined monetary units that lose their value over time through demurrage. To keep...
Wrapped Bitcoin ‘Burns’ Outpaced Minting for the First Time in December
9.1.2021
BitGo “unwrapped” over 11,600 WBTC last month
XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed
23.12.2020
Digital currency markets have seen some volatile action this week and during the last 24 hours following the XRP charges, a number of coins shed a great deal of value. At the time of publication, the entire crypto-economy is valued at $629 billion and because XRP lost so much value, bitcoin’s...
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