4M of Burned ETH, Ebay’s NFT and OECD Meeting

1,970 ETH Worth $4M Was Just Burned

On Sunday a total of 1,970.07 Ether ETH/USDT worth $4,056,759, based on the current value of Ethereum at time of publication ($2,059.20), was burned from Ethereum transactions. 

Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

Blockchain Terminology

Crypto Industry Battles to Exempt NFTs, DeFi From Tax Reporting Rules

Crypto industry representatives pushed back at attempts to make them report details of non-fungible tokens (NFTs), decentralized finance (DeFi) transactions and retail payments to tax authorities at a meeting of the Organisation for Economic Co-operation and Development (OECD) in Paris on Monday.

eBay launches first NFT collection to non-crypto mainstream users

eBay marketplace has officially launched its first own NFT drop, with a series of tokenized collectibles featuring Wayne Gretsky (National Hockey League Legend) going live on May 23.

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