Ethereum posts outflows of $2.8 million in week

Ether, the token used in the Ethereum blockchain, also saw outflows of $2.8 million, from a nearly $9-million outflow the previous week, as per CoinShares data. This comes after Ethereum went through a major software upgrade to stabilise transaction fees and reduce supply of the ether token. Ether’s supply is being reduced through “burning”, in which¬† tokens are sent to specialized addresses that have unobtainable private keys.¬†(Reuters)

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