#390m

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Binance burns $390M worth of BNB tokens

Binance burns $390M worth of BNB tokens

Major cryptocurrency exchange Binance has completed its 16th quarterly Binance Coin (BNB) burn, destroying over $390 million worth of BNB. On July 18, Binance reported that it had destroyed 1,296,728 BNB tokens valued at just under $400 million at the time. The exchange noted an additional 5,163 BNB that were destroyed through its Pioneer Burn Program — an incentive that aims to help users who…

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Grubhub acquires payments and loyalty company LevelUp for $390M Grubhub announced this morning that it’s agreed to acquire LevelUp for $390 million cash. Founder and CEO Matt Maloney told me that while previous Grubhub acquisitions like Eat24 were designed to give the company’s delivery business more scale, “This is kind of a different acquisition.

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