Category Archives: Bitcoin

‘Money to Burn’: Why Do Companies Burn Their Tokens?

A token burn is the destruction of a certain amount of tokens (or coins) in order to reduce their number in circulation. This method is successfully applied by crypto projects, traditional businesses, and even global corporations (for their shares). This spring, for example, Apple launched

Brian Armstrong Claims Coinbase Is Registering 50,000 New Users Per Day

Brian Armstrong, CEO of the cryptocurrency platform giant Coinbase, claimed in an interview with Bloomberg that around 50,000 new users continue to register for its services every day — despite recent year-to-date lows. ‘Bubbles And Corrections’ Coinbase CEO Brian Armstrong sat down with Bloomberg yesterday to discuss the

Overstock Shares Plummet, Losing Around 50 Percent YTD

The cryptocurrency market has been in a steady decline for the last couple of weeks. Since the beginning of August, a little over $90 billion were wiped off the market. Popular e-commerce company Overstock has also felt the impact, forfeiting 50 percent of its value