Cryptocurrency exchange Binance implemented its first-ever binance token (BNB) auto-burn program last quarter, removing over 1.6 million BNB tokens worth $750 million from circulation.Under the new program, the number of tokens to be burned is arrived at using a formula based on the total number of blocks produced on the Binance Smart Chain, a programmable blockchain powering … [Read more...] about Binance Destroys 1.6M BNB Tokens in First-Ever Auto Burn
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Teenage Suspect in $16M DeFi Hack Wanted for Arrest in Canada
Day, however, argues that the hack was simple fraud. According to filings posted by Day and prepared in collaboration with the Canadian law firm Stockwoods, in addition to the Mareva injunction, Indexed developers are filing a class action suit arguing that the exploit was “civil fraud” and are seeking “rescission for misrepresentation or mistake, and/or unjust … [Read more...] about Teenage Suspect in $16M DeFi Hack Wanted for Arrest in Canada
3LAU introduces blockchain music platform Royal with $16M raise
Electronic dance music producer and DJ Justin Blau, better known by his stage name 3LAU, has officially announced the launch of a blockchain-based music investment platform Royal.The announcement comes in conjunction with the platform raising $16 million in a seed funding round led by crypto-focused investment firm Paradigm and Peter Thiel’s Founders Fund, Forbes reported on … [Read more...] about 3LAU introduces blockchain music platform Royal with $16M raise