1.14 #Billion Shiba Inu Burned in Single Week by These Projects: Report According to a recent tweet posted by the "SHIBtyme" Twitter account, from Dec. 12 to Dec. 26, the amount of SHIB tokens burned totaled 1,140,746,704. Three Twitter accounts were tagged in the tweet: Bigger Entertainment's account, its founder Steven Cooper and vEmpire DDAO. Almost two billion SHIB burnt this month The first, Bigger Entertainment, is a crypto label that sells merch, NFTs and tickets to events, and allows users to listen to music tracks on their website, thus permitting users to contribute to regular SHIB burn parties. The latest one took place on Dec. 26, when 239,600,144 SHIB tokens were taken out of circulation by being moved to an unspendable address.

150Upvotes
21Reminds

More from CRYPTO WORLD

#Ethereum Hashrate Taps Record-Setting 1 Petahash as ETH’s Mining Profitability Remains High 20 days ago, Ethereum’s network participants upgraded the protocol and implemented the Arrow Glacier upgrade. The move delayed Ethereum’s “Ice Age” proof-of-stake (PoS) transition for another six months and this week, the network’s hashrate tapped all-time highs. For the first time, statistics within the six-month range indicate Ethereum’s hashrate surpassed 1 petahash per second (PH/s). Ethereum Hashrate Taps 1 Petahash Ethereum (ETH) miners are making profits at the end of the year as a 1.5 gigahash per second (GH/s) ASIC device crafted by Innosilicon makes around $84 per day. On December 27, Ethereum’s network hashrate is coasting along at 992.59 terahash per second (TH/s). ETH’s hashrate has been running hot and statistics within the six-month range show the network saw a high of 1.0122 PH/s.

263 views ·

2021’S BIGGEST #BITCOIN HEADLINES THAT HELPED DRIVE ITS PRICE Bitcoin has made several memories since the beginning of this year. Amid the global pandemic the entire ecosystem has seen notable growth. However, 2021 has remained one of the most significant years for the digital ecosystem. Several projects witnessed tremendous growth. Several investors see their funds growing at a rapid pace. Although due to some uncertainties the crypto market has also seen several plunges, still if we note the prices since the beginning of this year coins have made multiple record highs. Following the year, we have highlighted below some of the most significant events of the year. ELON MUSK HAD A GREATER INFLUENCE IN THE BITCOIN MARKET Elon Musk, the CEO of Tesla, has brought several shockwaves in the crypto ecosystem since the beginning of this year. Earlier this year, Musk announced that his electric vehicle manufacturer had allocated a sizable amount of the flagship cryptocurrency in its balance sheet. At the time, the firm’s final Form 10-K filing for its previous year showed that the firm allocated $1.5 billion of the coins which represented around 7.7% of it’s gross cash position at the time.

512 views ·

#Cardano: Number of $ADA Wallets Has Grown 1,200% YoY to Surpass 2.5 Million The number of Cardano ($ADA) wallets has grown over 1,200% year-over-year from 190,000 to 2.5 million, showing that adoption of the cryptocurrency’s network has been steadily growing, partly thanks to the implementation of smart contracts. According to data shared by the Cardano Foundation, from last Christmas to now, the number of ADA wallets has grown by over 1,200%. According to available data, the price of the cryptocurrency has grown nearly 780% over the same period, even after plunging from its all-time high near $3 to $1.44 at the time of writing.

363 views ·

More from CRYPTO WORLD

#Ethereum Hashrate Taps Record-Setting 1 Petahash as ETH’s Mining Profitability Remains High 20 days ago, Ethereum’s network participants upgraded the protocol and implemented the Arrow Glacier upgrade. The move delayed Ethereum’s “Ice Age” proof-of-stake (PoS) transition for another six months and this week, the network’s hashrate tapped all-time highs. For the first time, statistics within the six-month range indicate Ethereum’s hashrate surpassed 1 petahash per second (PH/s). Ethereum Hashrate Taps 1 Petahash Ethereum (ETH) miners are making profits at the end of the year as a 1.5 gigahash per second (GH/s) ASIC device crafted by Innosilicon makes around $84 per day. On December 27, Ethereum’s network hashrate is coasting along at 992.59 terahash per second (TH/s). ETH’s hashrate has been running hot and statistics within the six-month range show the network saw a high of 1.0122 PH/s.

263 views ·

2021’S BIGGEST #BITCOIN HEADLINES THAT HELPED DRIVE ITS PRICE Bitcoin has made several memories since the beginning of this year. Amid the global pandemic the entire ecosystem has seen notable growth. However, 2021 has remained one of the most significant years for the digital ecosystem. Several projects witnessed tremendous growth. Several investors see their funds growing at a rapid pace. Although due to some uncertainties the crypto market has also seen several plunges, still if we note the prices since the beginning of this year coins have made multiple record highs. Following the year, we have highlighted below some of the most significant events of the year. ELON MUSK HAD A GREATER INFLUENCE IN THE BITCOIN MARKET Elon Musk, the CEO of Tesla, has brought several shockwaves in the crypto ecosystem since the beginning of this year. Earlier this year, Musk announced that his electric vehicle manufacturer had allocated a sizable amount of the flagship cryptocurrency in its balance sheet. At the time, the firm’s final Form 10-K filing for its previous year showed that the firm allocated $1.5 billion of the coins which represented around 7.7% of it’s gross cash position at the time.

512 views ·

#Cardano: Number of $ADA Wallets Has Grown 1,200% YoY to Surpass 2.5 Million The number of Cardano ($ADA) wallets has grown over 1,200% year-over-year from 190,000 to 2.5 million, showing that adoption of the cryptocurrency’s network has been steadily growing, partly thanks to the implementation of smart contracts. According to data shared by the Cardano Foundation, from last Christmas to now, the number of ADA wallets has grown by over 1,200%. According to available data, the price of the cryptocurrency has grown nearly 780% over the same period, even after plunging from its all-time high near $3 to $1.44 at the time of writing.

363 views ·