• Ethereum ($ETH) worth about $6.3 billion has now been burned

    Ethereum ($ETH) worth about $6.3 billion has now been burned0

    Since the deployment of Ethereum Improvement Proposal (EIP) 1559 via the London hard fork on August 5, about $6.3 billion worth of the second-largest cryptocurrency by market capitalization, Ethereum ($ETH), has been burned. Since August, a total of 2.274 million ether worth $6.27 billion has been burned, according to data from tracking website Watch the

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  • SHIB Burn Portal Reward Cycle Dates Revealed by Shiba Inu

    SHIB Burn Portal Reward Cycle Dates Revealed by Shiba Inu0

    The company behind Shiba Inu (SHIB), a famous memecoin, has disclosed the payout dates for the recently launched burn portal. Shiba Inu launched a burning portal in April, allowing token holders to permanently destroy their tokens. This would lower the amount of money in circulation while simultaneously providing users with a source of passive income.

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  • The New BNB Burn Formula is “Interesting,” according to SBF

    The New BNB Burn Formula is “Interesting,” according to SBF0

    Soon after Binance’s coin went through its 19th scheduled burn, FTX’s CEO Sam Bankman-Fried (SBF) launched a series of tweets in which he analyzed the BNB burning mechanism. The 30-year-old CEO came to the conclusion that “pricing drives burn,” not “burn drives price.” The latest burning of BNB, in which more than $740 worth of

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  • Although a record 1.3 billion SHIB were burned, the price of the token is in decline

    Although a record 1.3 billion SHIB were burned, the price of the token is in decline0

    @shibburn, a crypto burn tracker, has stated that a significant amount of SHIB tokens — 1,351,643,000 Shiba Inu – has been removed from circulation in the last twenty-four hours. Burned: 1.3 billion SHIB + 100 million SHIB The value of this quantity of meme coins is $32,155. Several successive transfers stand out from the others

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  • Shiba Drops 27%; Burning Another 75.8 Million Tokens Doesn’t Help Maintain Price

    Shiba Drops 27%; Burning Another 75.8 Million Tokens Doesn’t Help Maintain Price0

    The Twitter account @shibburn has spread the information that another big amount of Shiba Inu tokens has been “burned” in the last twenty-four hours – 75,828,000 tokens. Despite the great amount in crypto, it is only worth $1,448 in US dollars. Thirteen transactions were used to burn (transfer to an unspendable wallet). Shiba Inu has

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  • EIP-1559 Hardfork is Activated by Polygon

    EIP-1559 Hardfork is Activated by Polygon0

    Polygon has issued EIP-1559 to begin the burning of MATIC tokens in real time. EIP-1559 is now available on Polygon. Polygon, an Ethereum sidechain network, has started EIP-1559, popularly known as the “London Hardfork.” At 2:48 a.m. UTC, the update activates at block height 23850000. It replaces Polygon’s prior “first-price auction” charge system. Polygon transactions

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