• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Binance burns $ 741 million in 19th quarterly BNB Burn

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

In the 2nd coin burned with the new mechanism, the Binance exchange burned BNB well worth $ 741 million.

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
New CEO Richard Teng wants to turn Binance into "a normal financial company"

New CEO Richard Teng desires to flip Binance into “a normal financial company”

November 27, 2023

On the evening of April 19, Binance, the greatest cryptocurrency exchange in the planet, announced that it has finished its 19th quarterly BNB burning occasion.

As a outcome, the exchange burned a complete of BNB one,839,786.26, well worth up to $ 741 million. Compared to 18, the final coin burned has a increased BNB worth, but a reduce USD worth due to the decline in the BNB selling price more than the previous three months.

The 19th quarter $ BNB the token burning was finished by means of #BNB Automatic burning.

Read a lot more ➡️ https://t.co/1fZA1bJbAs pic.twitter.com/rk6mGkYFAM

– Binance (@binance) April 19, 2022

Specifically, this is the 2nd BNB burning Binance applies a new mechanism, identified as Automatic BNB burning. Instead of calculating the worth of BNB burned based mostly on the exchange’s income, Binance will now use a formula that calculates the quantity of coins burned based mostly on the selling price of BNB and the quantity of BNB Chain blocks produced in the course of the corresponding time period.

Also, the BNB Chain ecosystem has an additional coin-burning mechanism that will work in parallel, identified as BEP-95. Similar to the Ethereum EIP-1559 proposal, BEP-95 will burn up coins applied as transaction charges on the BNB chain, with more than two,631 BNB (equivalent to $ one.one million) burned in the previous seven days.

BNB burning parameters of the BEP-95 update on the evening of April 19, 2022, in accordance to BNBBurn.data

BNB’s selling price is undergoing a marketplace recovery time period, hitting its April 19th large at $ 424 just after promoting for $ 396 on April 18th.

1H chart of the BNB / USDT pair on the Binance exchange at 19:05 on April 19, 2022

Summary of Coinlive

Maybe you are interested:

Maybe you are interested:

Tags: 19thBinanceBNBBurnBurnsmillionQuarterly
Share76Tweet48

Related Posts

FalconX Acquires Stake in Monarq Asset Management

by shark
June 3, 2025
0

FalconX, a leading crypto prime broker, acquires a majority stake in Monarq Asset Management, expanding institutional client offerings.

Tron Hits All-Time High in May Transfer Volume

by shark
June 3, 2025
0

Tron achieved a record-breaking monthly transfer volume in May 2025, highlighting its dominance and network adoption.

IMF Seeks Clarity on Pakistan’s Bitcoin Power Allocation

by shark
June 3, 2025
0

The IMF seeks urgent clarification from Pakistan on its decision to allocate 2,000 megawatts of electricity for Bitcoin mining amidst...

Pi Network Turns to Gaming Amid Token Price Drop

by shark
June 3, 2025
0

Pi Network is focusing on gaming to address a 17% token value drop, led by co-founder Nicolas Kokkalis.

Reitar Logtech Plans $1.5 Billion Bitcoin Acquisition

by shark
June 3, 2025
0

Hong Kong-based Reitar Logtech Holdings Ltd. plans to acquire up to $1.5 billion worth of Bitcoin to strengthen its treasury...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • FalconX Acquires Stake in Monarq Asset Management
  • Tron Hits All-Time High in May Transfer Volume
  • IMF Seeks Clarity on Pakistan’s Bitcoin Power Allocation
  • Pi Network Turns to Gaming Amid Token Price Drop
  • Breaking: Qubetics, Litecoin, and Cardano Make Bold Moves – Best Coins to Join Now
  • Reitar Logtech Plans $1.5 Billion Bitcoin Acquisition
  • Egg Prices in the U.S. Drop 61% Since January 2025
  • Reitar Logtech Plans $1.5 Billion Bitcoin Acquisition
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7