Crypto exchange Binance ‘burned’ over $594 million worth of its own BNB token today, in a move that marked the largest ever burn that the exchange did.But it wasn’t a case of Binance trying to pump its own coin (by decreasing supply) or setting money on fire. The ‘burn’ mechanism is an integral part of how BNB works, one that has contributed to the coin becoming the … [Read more...] about Crypto exchange Binance burns nearly $600 million worth of BNB
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An NFT just sold for $1 million on the Waves blockchain
Waves.tech, an ecosystem of next-generation technologies built on blockchain toolkit Waves, has concluded the highest sale of a non-fungible token (NFT) outside of Ethereum, it said in a release shared with CryptoSlate.https://t.co/e2SzIZnfY5 #NFT $waves— Sasha Ivanov (@sasha35625) April 15, 2021NFT frenzy continuesA Waves Duck called “Perfection” sold for 1,000,000 Neutrino … [Read more...] about An NFT just sold for $1 million on the Waves blockchain
211-year-old investment firm buys $4.75 million of Ethereum (ETH)
Chicago-based financier Rothschild Investment Corporation purchased over 265,302 shares of the Grayscale Ethereum Trust (ETHE), marking its first-ever investment into ETH, the asset powering the world’s most-used blockchain.Rothschild Investment Corporationbought 265,302 shares of the Grayscale Ethereum Trust.Its holdings in the ETH trust are worth $4.75 million and its … [Read more...] about 211-year-old investment firm buys $4.75 million of Ethereum (ETH)
KuCoin kickstarts new startup incubation program with a $50 million check
Crypto exchange KuCoin has launched its new incubation program, KuCoin Labs with the goal of helping new projects and developments flourish early inside the crypto arena. KuCoin Labs is opening up an incredible $50 million fund to bestow on new startups to help uncover crypto projects that provide deep value to the overall space.#KuCoin Labs Launches $50 Million Fund to Find … [Read more...] about KuCoin kickstarts new startup incubation program with a $50 million check
Ethereum lab ConsenSys raises $65 million from JPMorgan and Mastercard
Ethereum incubator and blockchain technology company ConsenSys today announced the final close of its $65 million round, it said in a release to CryptoSlate.We are excited to announce the close of our $65M formation round to accelerate the convergence of #DeFi and Web3 applications on #Ethereum with enterprise blockchain infrastructure.https://t.co/7B81x4lSJq— ConsenSys … [Read more...] about Ethereum lab ConsenSys raises $65 million from JPMorgan and Mastercard