RATE Group | Cryptocurrency News Today – Headlines for January 19
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Cryptocurrency News Today – Headlines for January 19

19 Jan Cryptocurrency News Today – Headlines for January 19

Posted at 15:58h in Cryptocurrency News by

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  • Binance conducted its 10th quarterly token burn
  • Binance burns $38.8 million worth of BNB
  • This was the second-largest token burn for the network

Cryptocurrency News Today – The issue of burning tokens have been engaged in by networks to maintain the balance. The event normally removes a certain number of tokens from circulation. Now one top exchange has organized yet another token burn.

According to reports, it is the Binance exchange that has initiated this. The crypto exchange has reportedly conducted its quarterly token burn for the tenth time. This time the network removed BNB tokens worth $39 million from circulation in what has been described as one of the biggest token burns in history.

In fact, the event is the second-biggest token burn for the BNB coin regarding the value of the coin in USD. It is also the third biggest asset burn in terms of the amount of Binance Coin that was burned which is reportedly a total of 2,216,888 BNB. Binance’s last token burn was initiated back…

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