NFT investor accidentally burns $135k CryptoPunk trying to borrow money
While going through the unfamiliar process of wrapping NFTs, Riley accidentally sent the asset to a burn address, permanently deleting the NFT from circulation.
Category Archives: burn
Alameda tried to redeem 3,000 wBTC days before bankruptcy: BitGo CEO
The CEO of Bitgo stated that the Alameda representative failed the security verification process required to convert wrapped-BTC into BTC.
Damien Hirst livestreams the burning of $10M in art for NFT project
"The Currency" is the name given to Hirst's NFT project which examines the value of digital art versus physical art.
Binance burns $1.8M in LUNC trading fees following community proposal
According to the crypto exchange, the burn was the equivalent of 1,863,213.47 USDT — roughly 5.5 million LUNC.
LUNA drops 20% in a day as whale dumps Terra’s UST stablecoin — selloff risks ahead?
Excessive Terra supply coupled with UST supply contraction coincides with LUNA's price decline.
Shiba Inu has a new use case — Buying land in SHIB: The Metaverse
Memecoin Shiba Inu can officially be used to purchase land in the SHIB Metaverse using the native SHIB token, as the development team continues to provide utility for holders.
