What happened: On Sunday a total of 71,718.34 Ether (CRYPTO: ETH) worth $202,190,498, based on the current value of Ethereum at time of publication ($2,819.23), 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 …
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