Binance, the world’s largest crypto exchange, continues to prioritize the price growth of its exchange token, Binance Coin (BNB). 8th #Binance Coin Burn: From the Team $ BNB Allocationhttps://t.co/gJrEj4axyc pic.twitter.com/9YfsF5HQP2 — Binance (@binance) July 12, 2019 According to a recent blog post, Binance plans to relinquish the BNB tokens allocated to its core team, which currently […]
SludgeFeed
Binance to Burn Over $2.5 Billion of Its BNB Stash. Guess Who Benefits?
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 $ 2.5 Billion of Its BNB Stash. Guess Who Benefits? appeared first on CCN Markets
Crypto Exchange Bibox Completes Q1 BIX Token Burn
Upstart crypto exchange Bibox announced earlier this week that it has completed its first quarter token burn for Bibox Token (BIX). Bibox has completed the $ BIX REPURCHASE and BURN in the first quarter of 2019. The amount of BIX burnt this time：1,509,044 BIX The total amount of BIX burnt：8,548,602 BIX, which is about 6.95% of the […]
SludgeFeed
Binance Coin (BNB) Trades Higher Following Quarterly Token Burn
Binance, the world’s largest crypto exchange, recently conducted its 7th quarterly Binance Coin (BNB) token burn, removing 829,888 BNB, or roughly $ 15.6 million, from circulation. #Binance Completes 7th Quarterly $ BNB Burnhttps://t.co/jSiSvs6wzZ pic.twitter.com/CecoMTsIL0 — Binance (@binance) April 16, 2019 While the 7th burn is the lowest total amount of BNB removed from circulation, its dollar value […]
SludgeFeed
10 Passes to Go: Bitcoin’s Lightning Torch Will Soon Burn Out
The globe-trotting bitcoin payments experiment is nearing its end, having attracted participants like Twitter CEO Jack Dorsey.
CoinDesk
Stacks Network Plans to Leverage BTC’s Proof of Work and Burn Bitcoins
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. Not only is the Stacks network secured by over 45 exahash of distributed hashrate, but its consensus algorithm also burns BTC by using a mechanism known as proof of burn (PoB).
Also read: Properties Are Still Being Sold for Cryptocurrency Despite the Bear Market
Monero Releases Malware Response Group and Successfully Patches Burn Bug
Monero has officially released its Malware Response Workgroup website yesterday. In an effort to help protect Monero’s community, the website aims to provide resources to educate about the types of malware that may take advantage of users. It provides support for problems including unwanted in-browser and system mining (cryptojacking) and ransomware, all which have been a growing problem as of late.
In a blog post by Justin Ehrenhofer on the Monero website, the Malware Response Workgroup is “a self-organized set of volunteers that maintains these resources and provides live support.”
Monero Devs Patch Bug Allowing Attackers to ‘Burn’ Cryptocurrency Exchange Deposits
The developers of privacy-centric cryptocurrency monero have patched a bug that would have allowed an attacker to cause significant damage to cryptocurrency exchanges and XMR-friendly merchants. Now-Patched Monero Bug Put Cryptocurrency Exchanges, Merchants at Risk Addressed through a software patch privately distributed to exchanges and merchant and later publicly disclosed through a post-mortem on the
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‘Money to Burn’: Why Do Companies Burn Their Tokens?
A token burn is the destruction of a certain amount of tokens (or coins) in order to reduce their number in circulation. This method is successfully applied by crypto projects, traditional businesses, and even global corporations (for their shares).
This spring, for example, Apple launched a $ 100 billion share buyback plan (with subsequent burning) and raised its dividend share by 16 percent, despite expectations of a slowdown. Alex Fork, one of the founders of the Humaniq financial platform, shares his ideas about the implementation of the token burn procedure on the crypto market.
BurnerCoin Added To Poloniex, BTC38 And/Or Bter Next?
The BurnerCoin developer has just released some very important news regarding this digital currency. He has it on good authority that we will see BurnerCoin being added to Poloniex later today. Other exchanges could be on the horizon as well. Let’s take a look!
I would like to stress that the following article is all based on information provided by the BurnerCoin developer, and are not personal opinions of this editor. Just to make that clear in case things go awry.
BurnerCoin Announces BurnerConnect – A New Anonymity Feature
More announcements and surprises from one of the hottest Cryptos right now, BurnerCoin. The closed beta testing for the new BURN wallet begins today, BurnerConnect was announced, and some misconceptions have been cleared up. Let’s go, go go!
As of today, 10 lucky, hand picked beta testers are checking and using the new BurnerCoin client. This beta testing will go on for about roughly a full week, and we will keep an eye out for any further updates from the developer.
BurnerCoin Racing Available In Google Play Store Plus Small Review
I just wanted to remind everyone about BurnerCoin’s Android game. It is finally available on the Google Play Store, and I also played it for a little bit to see what it’s all about. It is fun and slightly more addictive than I’d like to admit, so let’s take a look!
First of all, as we announced in the previous article (which can be found here), the BurnerCoin Racing game for Android has finally hit the Google Play Store. Just do a search for it, or if you prefer a direct link , click here .
BurnerCoin Announces Android Game, Tor Closed Beta And Multipool Bounty
After a slight delay, BurnerCoin have officially made their announcement. The rumours on Twitter were proven true, as it will be a racing game for the Android platform. With a simple name too : BurnerCoin Racing (beta).
This announcement makes BurnerCoin the second alternate Crypto with an Android game. The first one was CAIx, when they released the Tiny Elementals game. Either way, BurnerCoin Racing sounds like a fun game, as I like me a good racing game!
Mandatory BurnerCoin Upgrade Shortens Mining Phase And Reduces Annual Stake
Alright it’s time to push out as much news as possible today in a very short span of time, because Belgium is playing in the World Cup this evening. BurnerCoin has a mandatory client update, so let’s take a look at what is changing.
The new BurnerCoin client, available for Windows, Mac OS X & Linux, has to be downloaded before block 13,000 is generated, because some things will change. If you’re still using the old BURN client after that block height,your generated blocks will be invalid.
Changes
BurnerCoin – Old School Crypto With Super Blocks And Lots of Trading Volume
One of the most popular coins of the past 24 hours has to be BurnerCoin. This is a new Crypto, which only launched June 9th, With nearly 150 Bitcoin in trading volume over the past 24 hours, let’s take a look at what BurnerCoin is about!
Allow me to start off this article by saying that I do like the name BurnerCoin. It has something feisty to it , and it also kind or resembles the sun during Summer. Maybe I’m overthinking it, but that never hurt anyone.