2020-12-5 05:53 |
Ripple could be forced to burn its entire XRP holdings if the community votes for it, the company’s CTO David Schwartz has confirmed.
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Ripple, the distributed payment processing service and issuer of the XRP token, has received a lot of flak in the past years for using XRP to keep itself afloat while maintaining its distance from the token.
2020-12-4 20:41 | |
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According to Ripple’s CTO, the community could compel the blockchain company to burn its… The post Community could force Ripple Labs to burn its XRP supply appeared first on Coin Journal.
2020-12-5 19:22 | |
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Switzerland, 4th June 2020. Swiss-based crypto platform Eidoo is upgrading its native utility token into a governance token that will power a new cross-chain DAO. In a collaborative decision by Eidoo and pTokens, the $EDO token will be upgraded into $PNT later this month so that it can be used, staked and earn interest within […] The post Eidoo to Burn 80% of Company’s Token Holdings to Kickstart One of the Biggest Daos in Defi appeared first on Bitcoin News.
2020-6-6 18:00 | |
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Binance will no longer burn twenty percent of their profits after every quarter. The digital assets company had initially stated in the original whitepaper they would burn BNB every quarter until the existing supply had been cut by fifty percent.
2020-1-22 19:35 | |
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JEX becomes Binance JEX with the acquisition EOS/USDT is the most active trading pair on the exchange followed by BCH/USDT, HT/USDT, and XRP/USDT The exchange will manage JEX tokens now and burn them in future The world’s leading cryptocurrency exchange, Binance has acquired a crypto-asset trading platform JEX, announced the company on Monday. The Seychelles-based […]
2019-9-3 22:10 | |
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iFinex, the company behind Bitfinex, is under more pressure after the New York State Supreme Court judged that the exchange was in the New York Attorney-General’s (NYAG) Office’s jurisdiction. But that isn’t getting in the way of business: yesterday, Bitfinex completed its burn of nearly 40,000 LEO tokens (US$53,600), as part of a continuous process […] The post Bitfinex Feels The Heat, But LEO Is Burning As Planned appeared first on Crypto Briefing.
2019-8-20 19:39 | |
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Bitcoin was created with a fixed supply. It was, according to Satoshi Nakamoto, an anti-inflation measure. This way, there would be no mechanism to keep introducing more coins in the market. Ripple has followed the opposite route.
2019-8-8 22:58 | |
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Just a day after Tesla reported a $408 million loss, more cash burn, and ridiculous delivery estimates, Elon Musk demonstrated once and for all why he either should leave or sell Tesla. The last straw? He announced an outside investment of $120 million in his Boring Company.
2019-7-27 19:11 | |
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Binance head CZ sat down for his latest edition of his famous AMA where he addressed numerous rumors and questions around Binance. #Binance 2nd Anniversary AMA With @cz_binance: Highlights During his 5th AMA, CZ addressed extending the 25% fee discount, #Binance's commitment of $BNB allocations to the token burn, & other important topics across the […]
2019-7-13 19:24 | |
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Binance yesterday completed its eighth quarterly "burn" of BNB. With this move, the exchange follows its commitment to reduce the total token supply periodically. However, along with the obligatory token burn, Binance CEO Changpeng "CZ" Zhao announced that his company would relinquish its entire BNB allocation as part of its efforts to promote the growth […] The post Binance to Burn Over $2.
2019-7-13 04:30 | |
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Binance and its affiliates have had a stellar quarter with the launch of several new developments that were lauded by the community. Keeping with the script, Changpeng Zhao, the CEO of Binance recently tweeted that the company will be decreasing the total supply of Binance Coin [BNB].
2019-7-9 00:30 | |
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The controversial cryptocurrency exchange, Bitfinex, announced its initiative to buy back and burn its in-house token, LEO. The exchange claimed that the UNUS SED LEO Transparency Initiative will allow users to see iFinex, the parent company of Bitfinex, purchase LEO at market rates on an hourly basis, equal to a minimum of 27% of the […] The post Bitfinex’s buyback mechanism is transparent, claims CTO Paolo Ardoino appeared first on AMBCrypto.
2019-6-20 11:00 | |
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Cryptocurrency exchange Bitfinex announced the launch of a transparency initiative to coincide with the beginning of the burn mechanism of the company’s LEO token. Bitfinex’s parent company iFinex sold $1 billion in LEO tokens for USDT from private investors during a 10-day token sale in May 2019 to cover an $850 million loss from Crypto […] The post Bitfinex begins LEO token buyback, maintains no wrongdoing in $850 million shortfall appeared first on CryptoSlate.
2019-6-16 00:50 | |
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Zest proposes the first ‘decentralized syndicate’ which aims to provide access to the pre-ipo opportunities of Silicon Valley. Zest disrupts the traditional boundaries by using a cryptocurrency as a medium of exchange into a venture capital fund.
2019-6-11 21:03 | |
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Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.
2019-5-22 23:02 | |
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Bitfinex is forging forward despite its ongoing row with the authorities, and it's looking for investors to support its efforts. Today, May 8, 2019, iFinex, the operator and parent company of the popular cryptocurrency exchange, released a private token sale white paper, putting to rest rumors of its Initial Exchange Offering (IEO).
2019-5-8 18:33 | |
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Binance, the world’s largest cryptocurrency exchange in terms of trading volume has been in the news recently because of various updates and developments from the company, the main one being the delisting of Bitcoin SV [BSV].
2019-4-16 18:30 | |
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Blockchain startup Blockstack has revealed the company is in the midst of developing a new distributed ledger protocol called Stacks, a chain that leverages the hash power from the Bitcoin Core (BTC) network.
2019-2-3 03:17 | |
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It happened: Bitcoin is now an Ethereum token. Wrapped Bitcoin (WBTC), an ERC-20 token with a 1-1 peg to bitcoin, went live on the Ethereum network on the final day of January, “the first token that makes Bitcoin compatible with the Ethereum chain,” its architects say.
2019-2-2 00:04 | |
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Following a week of widespread carnage in the cryptocurrency markets, traditional retail stocks involved with the crypto sector are feeling the burn as well, with the California-based computer chip maker, Nvidia’s (NVDA) price tanking on the Nasdaq stock exchange.
2018-11-17 21:30 | |
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In their recent blog post, Tether, the parent company of a USDT stablecoin, announced a token burn that will permanently eliminate 500 million units. Yesterday, the company announced that the burning process had been completed.
2018-10-25 19:30 | |
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According to transaction data from Tether’s accounts, it took 500 million USDT permanently out of circulation on Wednesday. Tether has just destroyed 500M USDt from the Tether treasury wallet with the following tx: https://t.
2018-10-25 19:00 | |
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Based on blockchain technology, most cryptocurrencies have an open and public ledger of transactions. While this is required for these system to work, it comes with a significant downside: privacy is often quite limited.
2018-9-25 19:47 | |
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Bitcoin Press Release: PATRON, a subsidiary of EXTRAVAGANZA INTERNATIONAL, INC. , has announced an aggressive plan to benefit current and new token holders. The plan will consist of a token swap that will be accompanied by a buy-back program and at least five new exchange listings.
2018-8-25 15:36 | |
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“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken's TrueUSD is fiat-collateralized.
2018-7-26 18:55 | |
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In a recent LinkedIn Pulse post, the CEO of Binance, Changpeng Zhao, revealed that the exchange is set to burn at least 2. 5 million BNB tokens (Binance tokens) this quarter, valued at over $32 million.
2018-7-18 16:29 | |
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Imagine (if you can) a much-hyped cryptocurrency startup. After a successful ICO, the company decides to burn some of its tokens, thereby limiting circulation and raising the price. Suppose further that some executives decide to trade on the information, by dumping their tokens as the price spiked.
2018-6-14 17:19 | |
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