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
FirstEver
Planning for a Better Breed of DOGE; Dogecoin Foundation Lays Out First-Ever Roadmap
In July, Dogecoin founder Jackson Palmer said that he would not be returning to cryptocurrency as it is “is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.” Source link … [Read more...] about Planning for a Better Breed of DOGE; Dogecoin Foundation Lays Out First-Ever Roadmap
Inverse Finance acquires Tonic Finance in possible first-ever DeFi protocol merger
In a possible decentralized finance (DeFi) first, Inverse Finance’s governance has approved today a proposal to buyout Tonic Finance in a $1.6 million-dollar deal that will bring Tonic under Inverse’s umbrella. First floated after “weeks of negotiation” in early April, members of the Inverse Finance DAO began voting yesterday on a proposal to acquire Tonic and hire its solo … [Read more...] about Inverse Finance acquires Tonic Finance in possible first-ever DeFi protocol merger
Ellen DeGeneres raises $31,000 via her first-ever NFT auction
Popular American talk show host and comedian Ellen DeGeneres auctioned off her first non-fungible tokens (NFTs) collection for a total of $30,955 on marketplace Bitski today.“I’m raising money for @WCKitchen. I made an NFT, and you can bid on it!” DeGeneres tweeted ahead of the auction.I’m raising money for @WCKitchen. I made an NFT, and you can bid on it! My first NFT is up … [Read more...] about Ellen DeGeneres raises $31,000 via her first-ever NFT auction
WWE’s first-ever NFTs featuring ‘The Undertaker’ are coming
American wrestling entertainment firm WWE will launch a line-up of non-fungible tokens (NFTs) featuring ‘The Undertaker,’ it said in an announcement today. The move marks the company’s first-ever foray into the crypto art and digital collectible space.‘The Undertaker’ is the popular wrestling persona of Mark Calaway, an American retired professional. The gimmick is one of the … [Read more...] about WWE’s first-ever NFTs featuring ‘The Undertaker’ are coming