BNB Chain offers another lifeline to Terra ecosystem projects
Binance’s BNB Chain will offer support to Terra ecosystem projects looking to migrate away from the ailing DeFi protocol.
Binance’s BNB Chain will offer support to Terra ecosystem projects looking to migrate away from the ailing DeFi protocol.
Currently trading at 0.98275065 to 1 ETH I don't see much talk about this but isn't this a really big red flag? What do you guys think is another UST incident coming our way or am I just over-reacting and this is normal – the token should re-peg soon enough/after the merge submitted by…
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A shocking amount of nearly 13 billion SHIB has already been removed from the systemic circulation supply over the past 24 hours. As tweeted by the Shiba Inu transaction tracker @Shibburn, this is because the coin is being sent to dead-end wallets. The platform also burns Shiba Inu to help keep the supply down. Most of this massive amount of SHIB was destroyed in just one hour. Related Reading | Blockchain Data Indicates $10M Worth Of Ether From The Ronin Exploit In Rotation In a tweet on May 18, Shibburn communicated that a truly astonishing 10,028,551,985 Shiba Inu tokens had been shifted to unspendable wallets in six exchanges a few hours earlier. This portion of SHIB is worth $123,551. The tweet reads; In the past hour, there have been a total of 10,028,551,985 $SHIB tokens burned and 6 transactions. An anonymous crypto wallet burned 10 billion SHIB in a single transaction. This was the largest single burn transaction for Shiba Inu so far since the burn started. The number is staggering, but the platform has made progress in containing it. For example, before the above news, the platform tweeted that about 2,677,017,916 Shib were stuck inside unspendable wallets; these took 92 transactions. Shibburn tweeted; In the past 24 hours, there have been a total of 2,677,017,916 $SHIB tokens burned and 92 transactions. Visit http://shibburn.com to view the overall total of #SHIB tokens burned, circulating supply, and more. The Shibburn project’s website reports that the burn rate of SHIB has increased by 5,189.09%. Dead-end wallets are cryptocurrency addresses that have not had any incoming or outgoing transactions in multiple years. They always contain funds, but most of them will never have any transactions. No Impact Of Burns On SHIB Price According to Shibburn, as of now, the total amount of burned Shiba Inu is 410,355,298,103,517 tokens. However, the Shiba Inu’s price has not yet caught up with the all-time high from last year, which was $0.00008845 per token in October 2021. As the circulating supply of tokens decreases, the cryptocurrency becomes inadequate, and its price is likely to rise. Whales Buy The Dip Some people are trying to remove SHIB tokens from circulation so the price will go up. But whales continue to buy SHIB tokens when the price is low and sell them later when the price goes up. Related Reading | LUNA Aftermath: Total Crypto Market More Oversold Than Black Thursday In a tweet, WhaleStats announced that a prominent Ethereum investor with the moniker “BlueWhale0073” had purchased 110,654,459,259 Shib, an equivalent of $1,313,468. On May 14, the BlueWhale0073 already made a bulk purchase an equivalent of $1,408,176 in SHIB – 109,842,128,610 meme coins. Featured image from Pixabay and the chart from Tradingview.com
FTX Stocks will allow retail investors to fund their accounts with fiat-backed stablecoins like USD Coin via the FTX US crypto exchange.
I've been in the crypto space since 2019, so I've been lucky enough to experience a few bull runs, but I imagine some people out there haven't had the pleasure yet. I want to give you a little hopium to hold onto so you hang in there and don't abandon your investments too soon. The…
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Even after introducing fines and criminal liability for cryptocurrency mining, Abkhazia continues to find underground facilities for digital currency extraction. This week, law enforcement officials have confiscated dozens of mining devices from an illegal crypto farm. Abkhazia Shuts Down Crypto Farm, Seizes Mining Hardware Police in Abkhazia have closed down another crypto mining installation in […]
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YellowHeart Protocol, an NFT platform poised to disrupt the ticketing and music industries, is set to launch its utility token, HRTS (pronounced “Hearts”), on Bittrex Global’s IEO Platform Starting Block as the platform’s debut project on May 24 at 13:00 UTC. YellowHeart Protocol Is a Significant Milestone in the History of Event Ticketing System The […]
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Du Jun, CEO of Huobi Global, told Cointelegraph that the Terra crash will slow down investor enthusiasm in the short term, but in the long term, the demand will recover.