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187th Weekly Buyback & Burn Completed: 8,888 $ALPACA Tokens Burned

Tue 15th Oct 2024
Alpaca Finance has completed its 187th weekly buyback and burn, sending 8,888 $ALPACA tokens (~USD 1.5k) to the fire. Key points: - 107 out of the last 112 weeks were deflationary - Total cumulative burn now at 34.51Mn+ tokens (18.36% of total supply) - Cumulative Revenue Distribution to Users reaches ~$4.21Mn This continues the project's consistent deflationary trend, with burns occurring in 95.5% of weeks over the past two years. For a detailed breakdown of the burn, visit the provided Google Sheets link.
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Crypto News Roundup: HBO Documentary, Scroll Listing, and UAE Tax Exemption

Tue 15th Oct 2024
**HBO Documentary Names Peter Todd as Satoshi Nakamoto** - Canadian Bitcoin developer Peter Todd identified as Bitcoin creator - Todd denies claim, stating it supports real creator's privacy - Documentary based on message about 'sacrificing Bitcoin' **Scroll's Binance Listing Sparks Centralization Debate** - Ethereum layer-2 project Scroll listed on Binance - Critics argue it compromises decentralization - Scroll defends move as strategic for global growth **UAE Exempts Crypto from VAT** - UAE exempts all crypto transactions from 5% VAT - Effective Nov. 15, applies retroactively from Jan. 2018 - Aligns virtual assets with traditional financial services **Other News:** - FTX cleared to repay billions to customers - British man sues council for $647M over lost Bitcoin - Wirex Pay launches non-custodial crypto payments - US SEC charges Cumberland DRW as unregistered crypto dealer
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