On 22 February, Binance burned $2 billion worth of BUSD. BUSD went a bit over its peg after the burn as its reserve on Binance continued to reduce. Issues with the Securities and Exchange Commission h...
Tag: Burn
BudBlockz Allocates 105 Million BLUNT to Token Burn, How High Can it Go?
BudBlockz (BLUNT) is the latest booming currency in the crypto rally, following the likes of Shiba Inu (SHIB) and Decentraland (MANA) in the surge on Bitcoin’s (BTC) upward trajectory. The cryptocurre...
Binance Stablecoin Flipped By Cardano, Polygon As Billions Burn
Binance-branded stablecoin BUSD has taken a beating since issuer Paxos confirmed receipt of an ominous Wells notice from the SEC, falling to ninth place on crypto market cap leaderboards. BUSD is now ...
Binance to burn $2B idle BUSD on Feb. 22
Latest Report The SEC vs. Paxos: A deep dive into the implications of the lawsuit and its effects on stablecoins The SEC’s notice to Paxos to stop minting BUSD could have longstanding implicatio...
SHIB Burn Rate Drops Below Zero, Here’s What’s Happening
Yuri Molchan Burn rate of Shiba keeps stagnating, mirroring price of popular meme token Contents SHIB burn rate remains down, as does SHIB price Shibarium launch expected this week Per a recent report...
Binance LUNC Burn Mechanism Returns To Terra Luna Classic
Crypto exchange Binance to most likely resume its LUNC burn mechanism as the community passes all three key proposals put forward by Terra Classic core developer Edward Kim of the Joint L1 Task Force....
Shiba Inu (SHIB) Burn Rate Keeps Stagnating, Here’s Why
Arman Shirinyan Shiba Inu clearly losing its only market-related price fuel Shiba Inu, the prominent meme token, has seen its burn rate stagnate on the network after the token’s price reversed f...
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 24 hours. Data shared by Access Protocol CEO Mika Honkasalo from Ultr...
Blur’s Token Airdrop Fuels Sky-High Gas Prices and Mass Ethereum Burn
This week’s token airdrop by newcomer NFT marketplace Blur has resulted in over $4 million worth of Ethereum being burned (or destroyed) in the last seven days. The token was airdropped on Valentine’s...
Shiba Inu (SHIB) Down 4% as Burn Rate Slips Further, Here’s What Can Reverse Trend
Shiba Inu (SHIB) is gradually clawing back its gains as its price has fallen by 4.25% over the past 24 hours to $0.00001309. This drop is being fueled by the massive slump in the burn rate, which is p...
27 Million Shiba Inu Removed, Pushing SHIB Burn Rate into Green Zone
Yuri Molchan Another big chunk of SHIB moved to dead wallets, while price shows moderate rise According to the recent report by Shibburn data tracker, during the last 24 hours, various individuals and...
Terra Luna Classic (LUNC) Burn Plummet Amid Upgrade
Terra Classic blockchain upgrade v1.0.5 successfully went live at block height 11,543,150 on February 15 at 18:28:24. The proposer of the block was Kucoin LUNC Node. While the developers were busy wit...
SHIB Burn Rate Sinks as Shiba Inu Price Continues to Stay in Red
Yuri Molchan Amount of burned Shiba Inu tokens has shown sharp drop Contents Shib army keeps burning tokens, price still in red New approximate date of Shibarium launch announced The Shiba Inu burn ra...
Shiba Inu Rival Explodes Nearly 60% in One Week As Project Launches Token Burn Portal
One of Shiba Inu’s (SHIB) top competitors is outpacing the broader crypto markets after printing gains of about 60% over the past week. Meme token Baby Doge Coin (BABYDOGE) rallied from a seven-day lo...
Over 81T BabyDoge Burned As Burn Portal To Go Live Today
Total cumulative burns currently sit at 202.7 quadrillion tokens, worth a whopping $804 million. The BabyDoge Coin (BABYDOGE) burn initiative continues to see a rapid surge in momentum, as the communi...
Baby Doge Coin Burn Launch in Less Than 24 Hours
Altcoin News Baby Doge Coin is holding the 68th position. The token is at the one-year price high of $0.000000004377. Baby Doge Coin (BABYDOGE) is emerging as the third top memecoin in the crypto indu...
Baby Doge Coin (BabyDoge) Burn Innovation to Go Live in Next 24 Hours: Details
Baby Doge Coin‘s burn innovation is set to go live soon. According to previous announcements, BabyDoge’s burn portal will go live on Monday, Feb. 13. As stated, the burn portal would put b...
Shiba Inu (SHIB) Burn Rate Shows 1,000% Spike, Here’s Why
Arman Shirinyan Shiba Inu’s burn rate is on rise once again despite most recent drop in network activity Shiba Inu (SHIB), a popular cryptocurrency token, has shown a significant increase in its...
Shiba Inu Burn Rate Spikes 1,364% as Following Happened to SHIB
Yuri Molchan Today, burn rate of Shiba Inu showed major spike after SHIB lead dev spread word about Shibarium Recently published by the Shibburn tracking platform data shows that over the last 24 hour...
Shiba Inu (SHIB) Burn Plummets Below 1 Million Tokens as Asset Loses 15%
Arman Shirinyan Shiba Inu shows solid burn rate drop, which could be sign of decreasing network activity The Shiba Inu network recently experienced a steep drop in the token burn, falling below the 1 ...
Shiba Inu (SHIB) Price Jump Explored: Burn Rate And Market Factors
Join Our Telegram channel to stay up to date on breaking news coverage What – Shiba Inu has been displaying a bullish trend since this week, with a nearly 11% price spike over the past seven (7) days....
Here Is Why SHIB Burn Rate Is On A Choppy Ride, Shiba Inu Price
Even though the crypto market opened the year on a bullish note, the start of February has not been a smooth ride. In the last seven days the crypto market led by Bitcoin has experienced a major pull ...
Celsius’ extension request denied by US trustee and creditors as cash burn continues
Several parties have objected to bankrupt crypto lender Celsius’s motion to extend its timeline for filing a Chapter 11 restructuring plan once again. The crypto lender, which filed for Ch...
Here’s SHIB Burn Rate’s Reaction to Recent Shiba Inu Price Performance
Yuri Molchan Over past day, burn rate of Shiba Inu has been moving in line with its poor price performance Contents SHIB adoption expands to millions of users SHIB remains whales’ favorite curre...
Ethereum (ETH) Burn Reaches Levels That Might Start Affecting Price
Arman Shirinyan Ethereum is constantly burning enormous amount of coins on network, but price effect was not noteworthy until now Ethereum, the second largest cryptocurrency by market capitalization, ...
DebtDAO To Burn 18M FTX User Debt Tokens Citing Demand Frenzy
Join Our Telegram channel to stay up to date on breaking news coverage DebtDAO has to burn 18 million FTX User Debt tokens, FUD, following a recent value surge that caused a demand frenzy. What: DebtD...
Shiba Inu Burn Up By 10,000%, Network Hits New Milestone
The price of Shiba Inu (SHIB) surged by 22% in the last seven days, outperforming the majority of the crypto market. And the positive news doesn’t stop before Shibarium is rumored to be scheduled to h...
DebtDAO set to burn 18m FTX user debt (FUD) tokens
DebtDAO, a decentralized autonomous organization focused on debt management, announced its plan to burn 18 million FTX user debt tokens. The decision to burn the tokens results from a demand frenzy f...