burn

Ethereum Whale $4.5 Million Burn Shocks ETH Community, What’s Going On?
Ethereum

Ethereum Whale $4.5 Million Burn Shocks ETH Community, What’s Going On?

The crypto space is never lacking of events – from hacks to memecoins frenzy, to traders realizing huge profits from…
Ethereum Monthly Burn Surpasses 146,000 ETH As Total Clears $6.5 Billion
Ethereum

Ethereum Monthly Burn Surpasses 146,000 ETH As Total Clears $6.5 Billion

Featuring Ethereum Improvement Proposal (EIP) 1559, the London hard fork introduced significant changes to Ethereum’s transaction fee mechanism. Users now…
New ERC-20 token VMPX triggers Ethereum burn spike, consumes $3M in gas fees in 24 hours
DeFi

New ERC-20 token VMPX triggers Ethereum burn spike, consumes $3M in gas fees in 24 hours

VMPX, a newly launched ERC-20 token, is responsible for over 30% of all Ethereum (ETH) burns in the last 24…
NFT marketplace Blur.io burns 252 ETH to hit top of burn leaderboard
Ethereum

NFT marketplace Blur.io burns 252 ETH to hit top of burn leaderboard

Ad NFT marketplace aggregator Blur.io has surpassed Uniswap, OpenSea, and Etherum transactions as the top ETH burner over the past…
Vitalik wants to burn the staked Ethereum of sanction complying validators
Ethereum

Vitalik wants to burn the staked Ethereum of sanction complying validators

In a recent Twitter poll on Ethereum censorship, Vitalik Buterin revealed that he voted to punish validators complying with censorship…
Proposal to Burn 1.3bn UST Tokens Wins Approval from Terra Governance
Blockchain

Proposal to Burn 1.3bn UST Tokens Wins Approval from Terra Governance

The Terra governance has approved the proposal to burn a certain amount of TerraUSD (UST) tokens. The tokens were held…
Shiba Inu Developer Reveals Plans To Burn More SHIB Coins; Will It Boost SHIB Price?
Bitcoin

Shiba Inu Developer Reveals Plans To Burn More SHIB Coins; Will It Boost SHIB Price?

Asset burning is one of the routes taken by Central Banks to manage currencies. The Shiba Inu team focuses on…
Shiba Inu (SHIB) Sagging Values To Get A Boost With New Token Burn Mechanism?
Bitcoin

Shiba Inu (SHIB) Sagging Values To Get A Boost With New Token Burn Mechanism?

Shiba Inu developers are in the process of developing new methods to burn SHIB. According to Steven Cooper, these mechanisms…
Binance Coin to Burn Automatically Rather Than Quarterly
Blockchain

Binance Coin to Burn Automatically Rather Than Quarterly

Binance Coin (BNB), the digital currency of the Binance ecosystem will no longer be subjected to a quarterly burn as…
OpenSea causes 10% of all Ethereum burn as sales jump 100% in 24 hours
Ethereum

OpenSea causes 10% of all Ethereum burn as sales jump 100% in 24 hours

After all of the highs surrounding NFTs for most part of the year, the nascent crypto niche is witnessing a…
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