What happened: On Tuesday a total of 5,065.11 Ether (CRYPTO: ETH) worth $11,242,918, based on the current value of Ethereum at time of publication ($2,219.68), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.
Why it matters: On August 5th, 2021, the Ethereum blockchain implemented …
Full story available on Benzinga.com