Avalanche C-Chain Burning $12.65 Of AVAX Every Second, What Does It Mean For Price?
Taking to X on November 22, one user, @kevinsekniqi, notes that the Avalanche C-Chain is burning roughly $12.65 of AVAX every second, a
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Burning
Bitcoin shorts keep burning as BTC price seeks to hold $27K
Bitcoin (BTC) bounced around $27,000 on Sep. 29 as a challenge to month-to-date highs dragged BTC price action upward.BTC/USD 1-hour chart. Source: TradingViewBTC price maintains overnight strengthData from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency attempting to hold gains after a classic “short squeeze.”The day prior offered a
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DAOs need to learn from Burning Man for mainstream adoption
As they exist today, decentralized autonomous organizations (DAOs) will not scale to the masses. Sure, shining examples like PleasrDAO, Uniswap DAO, Synthetix’s group of DAOs, and Maker DAO exist, thriving in their respective niches. Still, none of these have gotten anywhere close to being household names. Why, you might ask?Related: Cybernetic
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Sam Bankman-Fried’s FTX Bankruptcy Burning Through $1.5M in Legal Costs Every Day
“They've now moved to a pace of almost $50 million a month in fees, with literally hundreds of lawyers, financial advisors and bankers working on them practically full time,” said Kris Hansen, a lawyer from Paul Hastings representing the creditors’ committee. “Every dollar spent in the case is essentially a
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Argentina criminalizes peso burning amid growing crypto use
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Argentina has outlawed the burning or tearing of the country’s fiat currency, the peso, in Buenos Aires soccer stadiums. On Aug. 10, the Argentinian government issued a proclamation criminalizing any form of destruction of the peso (ARS),
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TOADS, ETH prices set for rally, outpaces Bitcoin with burning strategy
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The crypto market consists of various tokens, including those with finite, deflationary, and infinite supplies. Deflationary tokens are often deemed valuable due to the consistent reduction of supply. The token burning strategy has made DigiToads and Ethereum
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Tradfi Market Participants See Opportunity in Crypto Investing Despite ‘Red Wedding,’ Burning Buildings
The digital asset ecosystem is broader and deeper than in the past, Tapiero said, and assets have lower correlations to bitcoin itself. Despite asserting that “I’m not hearing anyone say that Bitcoin is going to zero,” he said the existence of uncorrelated digital assets gives institutions the opportunity to expand
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Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse
The mass burn reversed Circle’s early March trend where it had been minting more USDC than it was destroying. Between March 1 and March 9, Circle minted a net average of $143 million USDC a day, but this trend has since changed: Starting on March 10, Circle has burned a
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Klaytn Foundation Proposes Burning 5.28B KLAY Tokens, Cutting Token Supply by Nearly 50%
The proposal suggests an initial burning of 73% of the reserve supply, amounting to 5.28 billion KLAY tokens or approximately 48% of the total token supply. Source
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Developers Keep the Candle Burning During Chilly Crypto Winter
“Web3’s hallmark highs and lows were on full display in Q4,” Alchemy wrote in a press release accompanying the report. “On one hand, developers leaned into trustlessness – deploying smart contracts at rates that resembled the peaks of 2021. On the other, the implosion of major crypto exchanges rocked the
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