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Damien Hirst livestreams the burning of $10M in art for NFT project
12.10.2022
"The Currency" is the name given to Hirst's NFT project which examines the value of digital art versus physical art
Terra Luna Classic Price Prediction – When is the Next Binance Token Burn?
7.10.2022
The original Terra chain’s Luna Classic (LUNC) token is getting attention again, helped by news that the crypto exchange Binance has implemented a new burn mechanism for it. The question now is how high can LUNC go after the next burn....
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Luna Classic, Remnant of Terra Collapse, Drops After Underwhelming Binance Burn Mechanism Data
4.10.2022
Binance’s scheme destroyed only 0.08% of the token’s bloated supply, too minuscule to have a lasting impact on the hyperinflated token
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
Luna Classic, Remnant of Terra Collapse, Jumps 60% as Binance Unveils Burn Scheme
26.9.2022
Binance’s new measure aims to reduce the hyperinflated LUNC token’s supply. It is unlikely to have the desired effect that traders hope for
Binance to burn all LUNC trading fees following community feedback
26.9.2022
The Binance crypto exchange will burn all trading fees collected on its LUNC/BUSD and LUNC/USDT spot and margin pairs
LUNC investors react to CZ's 1.2% trading tax recommendation on Binance
25.9.2022
Changpeng Zhao, the CEO of Binance, recommended a flat 1.2% trading tax on LUNC trades that could be burned to reduce the token’s total supply and improve its price performance
‘Ultra Sound Money’ — Post-Merge Stats Show Ethereum’s Issuance Rate Plunged After PoS Transition
19.9.2022
Months before Ethereum transitioned from proof-of-work (PoW) to proof-of-stake (PoS), a simulation of The Merge had shown the network’s issuance rate would drop following the ruleset change. Statistics now show that the simulation’s predictions have come to fruition as...
5 Cryptocurrency Ready to Bounce Back After This Latest Crash
19.9.2022
The cryptocurrency market is currently experiencing yet another crash. Coin prices are trading lower due to increased pressure from the broader economy and fears that the Federal Reserve would again raise interest rates. Several investors wonder if most large-cap coins will test their multi-month...
Exchanges criticized for 'nothingburger PR' posts on upcoming LUNC tax burn
12.9.2022
KuCoin, Gate.io and MEXC Global were in the crosshairs of community members as they expressed their support for the upcoming on-chain LUNC transaction burn
How Lucky Block Bridge is Affecting V1-V2 Spread Even Before Launch - Buy Now?
9.9.2022
Investors in cryptocurrencies have been paying close attention to the blockchain-based Lucky Block lottery platform since the Binance Smart Chain (BSC) project released a second Ethereum-based version of its LBLOCK token last month.
The price of the LBLOCK V1 token decreased during the last...
Crypto Terra Luna Classic Surges as Traders Speculate on New Supply Burn Rule
8.9.2022
In an attempt to revive the failed Terra blockchain’s LUNC token, the approved proposal will tax and destroy 1.2% of every transaction to reduce supply
Copium Mining Presale is to Invest More in Mining, Buy Back and Burn Coins
8.9.2022
The Copium Protocol, which focuses on laying the groundwork for decentralized mining investments, will soon release an NFT collection to gather funds for business expansion. Copium Protocol has been one of the most intriguing projects to emerge. It stands out because it enables consumers to invest...
Tamadoge 5% Burn on Pet Store Transactions Will See Price Rocket
6.9.2022
Tamadoge's 5% burn rate on pet store transactions can potentially drive a significant increase in TAMA price. Tamadoge is rapidly approaching its $12 million goal. The meme coin has shown no signs of slowing down after hitting the beta phase of its pre-sale. At this point, it has reached the sixth...
The New Age of DeFi As Uniglo (GLO) Looks to Show Shiba Inu (SHIB) and Binance Coin (BNB) How to Create A Perfect Token Burn
2.9.2022
The DeFi industry is rising, with new projects and tokens being created daily. One of the latest tokens to enter the market is Uniglo which is looking to show Shiba Inu and Binance Coin how to create a perfect token burn. What Is a Token Burn? Token burns are a popular method for DeFi projects...
Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin
22.8.2022
3.022 billion aUSD were previously minted via a liquidity bridge glitch
The Burn NFT Feature by Phantom Goes Live on Every Device
18.8.2022
The NFT Burn feature by Phantom is now live on all devices. The feature aims to protect users from spam content that malicious actors on the internet create to steal their funds. The NFT Burn feature gives users higher control over the content that is in their wallets. Users can remove the content...
Solana-Based Phantom Wallet Unveils 'Burn NFTs' to Protect Customers From Scams
18.8.2022
Solana (SOL)-based wallet provider Phantom has announced a new feature that will burn spam non-fungible tokens (NFTs) sent by scammers.
In an August 18 blog post, the Phantom team said that spam NFTs have evolved to be a practical way for bad actors looking to steal users’ funds....
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Solana wallet fires up the grill to burn spam NFTs out of existence
18.8.2022
The Phantom wallet app has launched a new Burn Token feature, allowing users to remove spam NFTs sent by scammers
For 38 Consecutive Days Ethereum Gas Fees Record the Lowest Rates Since 2020
7.8.2022
In 43 days, the Ethereum network could finally see a full transition from proof-of-work (PoW) to proof-of-stake (PoS) via The Merge. Meanwhile, during the last 38 days, Ethereum’s layer one (L1) onchain transaction fees have dropped below the $5 mark and tumbled even lower by the end...