Burn Financial News

03.10 / 22:51

business Binance Burn Terra Binance burns $1.8M in LUNC trading fees following community proposal

Cryptocurrency exchange Binance has announced it completed the first burn of Terra Classic tokens’ trading fees in response to a community proposal from September.

21.10 / 17:05

business defi Altcoin Uniswap Burn Speculation Uniswap founder burns $650B HayCoin against speculation

Uniswap founder Hayden Adams burned 99% of the HayCoin (HAY) supply on Oct. 20, according to an announcement on X (formerly Twitter). The majority of the tokens have been removed from circulation due to Adams’ concerns about price speculation over the previous days.

17.09 / 04:37

Fire Burn Portable generator recalled due to ‘fire and burn hazard’

Health Canada has issued a recall for two models of portable generators from Generac due to potential “fire and burn” hazards.

24.07 / 20:09

markets Stablecoin defi Burn DAI 3 reasons why Maker (MKR) fundamentals hint at further price upside

Maker has gained 53.5% over the past month, and the cryptocurrency witnessed a remarkable 28.1% surge between July 15 and July 22, achieving its highest daily close in nearly a year. While the gains are impressive, the real question is: Can the cryptocurrency sustain its current trajectory, or were short-term factors behind the price pump?

25.03 / 11:37

Ethereum Art NFT Investments Crypto Collectibles Burn Loans NFT investor accidentally burns $135K CryptoPunk trying to borrow money

A nonfungible token (NFT) from the CryptoPunks collection worth 77 Ether (ETH) was sent to a burn address to be permanently destroyed. However, the collector intended to borrow some money against it to buy another NFT.

23.03 / 00:13

markets Ethereum Ether price stocks Burn Ethereum price at $1.4K was a bargain, and a rally toward $2K looks like the next step

Ether's price (ETH) reached $1,400 on March 10, which proved to be a bargain as the cryptocurrency rallied 27.1% until March 21, at the time of writing. However, the three reasons that supported the price gain, including correlation with tech stocks, its increasing total value locked and its deflationary token economics, all suggest that the path to $2,000 is set in stone.

25.09 / 08:27

business Altcoin Taxes Burn Terra LUNC investors react to CZ's 1.2% trading tax recommendation on Binance

The infamous collapse of the Terra ecosystem, which erased market prices of TerraUSD (UST) and LUNA tokens, continues to trouble anxious investors as co-founder Do Kwon, crypto exchanges and the community together tries to identify the best route for a sustainable price recovery.

20.09 / 18:15

markets Ethereum Mining Burn Ethereum miners dump 30K ETH, stonewalling 'ultra sound money' deflation narrative

Ethereum's switch to proof-of-stake (PoS) on Sep. 15 failed to extend Ether's (ETH) upside momentum as ETH miners added sell-pressure to the market.

27.05 / 12:23

Blockchain Ethereum Stablecoin Burn Terra to burn 1B UST from the community pool as holders vote for it

In another attempt to support the revival of Terra (LUNA), the community voted to burn a large amount of UST from its community pool.

12.05 / 13:03

business Blockchain Stablecoin Burn stake Terra to burn $1.4B UST and stake 240M LUNA to ‘stop the bleeding’

The Terra rescue story continues to unravel. In a tweet thread, the Terra Money Twitter account went into greater detail regarding the CEO of Terraform Labs, Do Kwon's rescue plan for UST.

08.05 / 15:59

markets Stablecoin supply Burn LUNA drops 20% in a day as whale dumps Terra's UST stablecoin — selloff risks ahead?

Terra (LUNA) has plunged significantly after witnessing a FUD attack on its native stablecoin TerraUSD (UST).

02.05 / 09:29

Blockchain Ethereum data Burn 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 Labs’ upcoming Metaverse project the “Otherside.”

01.02 / 19:49

Blockchain Technology Ethereum Burn record high $1B worth of ETH burned in the past 30 days due to record high OpenSea NFT transactions

According to blockchain data from Nansen Analytics on Tuesday, over $1.096 billion worth of Ethereum (ETH) has been burned in the past month. With the introduction of the EIP-1559 last August, a portion of fees is taken out of circulation for every transaction that occurs on the Ethereum blockchain. While sending and receiving ETH does not cost much, higher-level tasks, such as minting nonfungible tokens, or NFTs, via smart contracts, cost far more gas.

25.11 / 19:33

markets Ethereum SEC Burn week Ethereum bulls likely to profit $130 million on ETH options despite two-week slump

Ether (ETH) investors have no reason to complain after the 344% gains accumulated in 2021 until Nov. 24. Still, analysts fear that the $4,000 resistance test on Nov. 19 is forming a descending channel that aims at $3,600 by mid-December, an 18% correction from the current $4,400 price.

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