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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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