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BNB Chain Burns Nearly $500M Worth of BNB Tokens
Blockchain BNB Chain today burned over 1.99 million bnb (BNB) tokens in a planned move under the "auto-burn" mechanism in what is the token's 24th quarterly burn event, transactional data shows.Some $484 million worth of the tokens were effectively taken out of circulation. Token burn refers to the process of permanent deletion of coins from…
Counterfeit Aptos Token Deposited on Upbit Leads to APT Withdrawals Being Temporarily Suspended
A token that’s designed to fool users into thinking it's an authentic version of Aptos temporarily shut down services on Korean exchange Upbit for the APT token after some were able to deposit and cash out the counterfeit coin.According to on-chain data, the token, which originated from the airdrop scam site ClaimAPTGift.com, is held by
CoinDesk 20 Performance Update: ICP Drops 3.5% as Index Inches Lower From Monday
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated . CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial
Crypto Trader Pays $120K in Fees to Buy $156K of Meme Coin Four
Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.Crypto traders are paying through the roof to get in early on newly-issued meme coins and rack up a large percentage of the supply.On-chain data shows a trader paid…
Why Did Bitcoin’s Price Rise? BTC Hovers Over $27K as Investors Shrug Off Hot Jobs Data
Bitcoin rose a little on Friday, but largely shrugged off an unexpectedly strong jobs report, along with a week’s worth of upset and uproar over the U.S. debt ceiling, end-game negotiations and renewed inflation concerns.The largest cryptocurrency by market capitalization was recently trading at about $27,180, up 1.2%. BTC edged above $27,000 shortly before U.S.…
Crypto Inspired by ‘Moo Deng’ Zooms to $100M as Hippo Meme Takes Over Internet
Moo Deng, a baby pygmy hippo, has become an internet sensation, leading to the creation of a Solana-based memecoin that has surpassed a $100 million market cap. One trader notably turned $1,331 into $3.4 million by investing in the Moo Deng memecoin. Her appeal has transcended individual internet users to encompass corporations including Dreamworks and
U.S. DOJ Moves to Detain Defendant in Crypto ‘Shadow Banking’ Case
news U.S. prosecutors are seeking to detain Reginald Fowler until his trial for operating an unlicensed money transmission business which may have processed funds for the Bitfinex crypto exchange. In a court filing Wednesday – which was shared online but is not yet available on the government’s Public Access to Court Electronic Records (PACER) system…
As Plasma Stalls, Snarks Become New Hope for Scaling Ethereum Now
Efforts to scale ethereum, the world's second-largest blockchain, are growing more varied as one much-anticipated solution encounters pitfalls amid its continued development. At the forefront of this transition has been plasma, a concept widely heralded as ethereum's best bet for short-term scaling. Already, researchers behind the tech have built five distinct versions of the protocol –…