Tag: burning
Solana Meme Coin Wen Plummets Despite Burning 27% of Supply
The burn turned out to be a "sell the news event" as traders had already accounted for the purge – and then some.
www.coindesk.com [...]
A Foiled Plot’s Burning Question: Why Would India Take the Risk?
After an indictment accuses an Indian official of ordering an assassination on U.S. soil, diplomats and experts debate how far up the chain the scheme [...]
Bitcoin shorts keep burning as BTC price seeks to hold $27K
Bitcoin (BTC) bounced around $27,000 on Sep. 29 as a challenge to month-to-date highs dragged BTC price action upward.BTC/USD 1-hour chart. Source: Tr [...]
DAOs need to learn from Burning Man for mainstream adoption
As they exist today, decentralized autonomous organizations (DAOs) will not scale to the masses. Sure, shining examples like PleasrDAO, Uniswap DAO, S [...]
Sam Bankman-Fried’s FTX Bankruptcy Burning Through $1.5M in Legal Costs Every Day
“They've now moved to a pace of almost $50 million a month in fees, with literally hundreds of lawyers, financial advisors and bankers working on them [...]
Adidas to sell leftover Yeezy inventory instead of burning it
Shoes are offered for sale at an Adidas store on February 10, 2023 in Chicago, Illinois. Scott Olson | Getty ImagesAdidas intends to sell part of its [...]
Tradfi Market Participants See Opportunity in Crypto Investing Despite ‘Red Wedding,’ Burning Buildings
The digital asset ecosystem is broader and deeper than in the past, Tapiero said, and assets have lower correlations to bitcoin itself. Despite assert [...]
Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse
Circle Internet Financial’s USDC stablecoin saw almost $3 billion in net redemptions, defined as the total number of USDC burned minus the number of U [...]
Klaytn Foundation Proposes Burning 5.28B KLAY in Tokens Overhaul, Cutting Token Supply by Nearly 50%
The proposal includes short-term tokenomics improvements: from the initial burning of 73% of the reserve supply, amounting to 5.28 billion KLAY, or ap [...]
Developers Keep the Candle Burning During Chilly Crypto Winter
“Web3’s hallmark highs and lows were on full display in Q4,” Alchemy wrote in a press release accompanying the report. “On one hand, developers leaned [...]
Damien Hirst livestreams the burning of $10M in art for NFT project
"The Currency" is the name given to Hirst's NFT project which examines the value of digital art versus physi [...]
Decentralized Exchange Bancor Proposes Burning 1 Million BNT Tokens to Support Prices
For instance, the native community of Bancor, an Ethereum-based decentralized exchange, is voting on a proposal to destroy a significant chunk of the [...]
Acala Network to resume operations after burning 2.7B in aUSD stablecoin
After the mining failure involving its stablecoin aUSD, the Acala Network announced on Monday that it had resumed its operations following a referendu [...]
Exchanges back ‘Terra 2.0 revival plan’ via airdrops, listing, buyback and burning
The fall of Terra (LUNA) shook the entire crypto market. However, the project has no plans to stay down as the project secured backing from crypto exc [...]
Ethereum burning spikes to new high on Yuga Labs’ NFT hype
The burning rate of Ethereum (ETH) has spiked to new all-time high (ATH) levels following the heavily anticipated sale of tokenized land plots in Yuga [...]