SHIB Burn Rate Spikes 332% as Over 329 Million Shiba Inu Tokens Are Set Ablaze

Shib Army decided it's time to put a match to millions of SHIB tokens in hopes of a price boom.

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Crypto Flipsider News – Crypto Rallies 15%; CFTC Chair Calls BTC & ETH Commodities; Bankman-Fried Contributes $31.5M to Super PAC; Do Kwon Doesn’t Support Burning Luna – Terra Trolled by Hoskinson and CZ; CoinSwitch Calls for Clear Regulation in India

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Continue reading Crypto Flipsider News – Crypto Rallies 15%; CFTC Chair Calls BTC & ETH Commodities; Bankman-Fried Contributes $31.5M to Super PAC; Do Kwon Doesn’t Support Burning Luna – Terra Trolled by Hoskinson and CZ; CoinSwitch Calls for Clear Regulation in India at DailyCoin.com.

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Ethereum burning spikes to new high on Yuga Labs’ NFT hype

Otherdeed NFTs top the “burn leaderboard” over the past seven days at roughly 55,816 ETH or 56% of all burns during that period.

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Total ETH Burned Tops the 2M Token Benchmark Worth Over $5B

Since the London Hardfork went live in August last year, the Ethereum network and its underlying token have been operating as a deflationary protocol. (Read More)

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Ethereum is Burning at the Rate of 6.29 ETH per Minute

Burnt Ether is edging closer to the 1.2 million ETH mark, given that it's burning at a rate of 6.29 ETH, approximately $24,361, per minute. (Read More)

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Polygon EIP-1559: Major Upgrade Bringing Token Burning To MATIC

The long-awaited MATIC token burn is finally here in the form of Polygon EIP-1559.  Covered: Polygon EIP-1559 Is Ethereum’s EIP-1559 Necessary For MATIC? Polygon EIP-1559 Upgrade Finally, the wait is over… The much-awaited EIP-1559 upgrade for Mumbai testnet is here. Read more ?? https://t.co/m1oKQCxdnN https://t.co/wBTO5OSxXp pic.twitter.com/e8sbgPbxvY — Polygon | $MATIC – We're hiring! (@0xPolygon) December […]

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Ethereum’s Burning Mechanism Has Removed Over 1 Million ETH From Circulation

The Ethereum blockchain has achieved many different milestones since its inception many years ago. One recent change introduced the concept of burning transaction fees, effectively taking ETH out of circulation. That upgrade has burned over 1 million ETH, valued at over $4.24 billion.  Burning Over 1 Million Ether Many people initially opposed the idea of […]

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Ether’s Net Issuance Dropped from Over 4% to 0.21% Last Week

Ethereum's supply continues to diminish based on the London Hardfork or EIP-1559 upgrade. (Read More)

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TNC Coin Will Burn 800 Billion Coins To Boost Ecosystem

The post TNC Coin Will Burn 800 Billion Coins To Boost Ecosystem appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

TNC Group, known for their crypto M&A initiatives, and its subsidiary TNC Coin recently announced that the team will burn 80 percent of the coin’s total supply. This means that 800 billion TNC Coins will permanently be removed from the market. The team urged people to stay tuned as they will announce the details such …

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Over 50% Of Ethereum’s Network Blocks Use EIP-1559 To Burn Gas

Ever since EIP-1559 was activated on the Ethereum network, people have been abuzz with excitement/ Not entirely abnormal, as the second-biggest cryptocurrency by market cap is now burning a significant amount of ETH per block. As these numbers keep rising, one has to wonder what the future will hold for this ecosystem.  EIP-1559 Gets The […]

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Token burning, explained

Explore the impact of token burning and how this process influences cryptocurrency scarcity, its value and the projects long-term growt

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Mystery Ethereum Burn of $4.5 Million Ignites Community Curiosity

Crypto community stunned as enigmatic entity burns $4.5M worth of ether, leaving motivations shrouded in mystery.

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Shiba Inu’s Burning Portal Unleashes Essential Update

Shiba Inu’s burning portal outlines an updated strategy, but the SHIB burn rate fell sharply by 99%.

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Top 3 Deflationary Token Mechanisms

Token deflationary refers to a mechanism in the cryptocurrency world designed to reduce the total supply of a token over time, ultimately increasing its scarcity and potentially driving up its value. The concept has gained popularity as a way to counteract inflationary pressures in the long term and incentivize token holders to hold on to […]

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Massive XRPL Account Deletion Leads to Destruction of 247,016 Tokens

XRP's total supply witnesses a significant drop as 247,016 tokens are burned and removed from circulation.

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