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Author: CryptoPress

What is Cardano’s Vasil hard fork?

A hard fork causes a network to break into two, each of which may then function independently; one version of the network continues with the same set of capabilities and rules as before, while the other runs on with newer, more advanced capabilities. Cardano‘s long-awaited Vasil update went live on September 22 after facing a number of hurdles. From the outside, it would seem that the hard fork’s goals are to increase the scalability...

$ADA, Altcoins, Cardano, Cryptocurrencies, Front page, Guides

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Binance announces LUNC burn, and token jumps 35%

The price of Luna Classic (LUNC), formerly known as Terra, has risen by almost 35% after it was announced that Binance would back a proposal to destroy the project. Binance, the largest cryptocurrency exchange in the world by trade volume, announced on Monday that Terra Classic, the older version of the doomed blockchain, has a new way to burn itself. The Terra community has come up with a plan to charge a 1.2% tax on all on-chain transactions...

$LUNA, $UST, Front page, News, Terra

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Crypto Market – Sept 27, 2022

Despite taking a beating for over a week, cryptocurrency tokens were trading significantly higher on Tuesday. Bitcoin’s price surpassed $20,000, while Ethereum’s saw gains for the first time since the Merge. However, economists are concerned that the rebound might be temporary, amid the macroeconomic turmoil and growing worries of recession. Bitcoin$59,373.002.69%#ccpw-label-widget-11234.ccpw-price-label li a , #ccpw-label-widget-11234.ccpw-price-label...

$AVAX, $SOL, Bitcoin, Crypto market, Ethereum, Polkadot, Polygon

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Interpol red-lists Terra creator Do Kwon

Do Kwon is the founder of Terraform Labs and the main person responsible for the Terra ecosystem. A week ago, the South Korean authorities filed a request to issue a red alert for Do Kwon. The request was made because Do Kwon’s stable currency UST lost parity with the dollar in May and collapsed, causing tens of thousands of investors all over the world to lose their money. Do Kwon is the subject of a “red alert,” which was...

$LUNA, $UST, Front page, News, Terra

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Crypto Market – Sept 26, 2022

The global macroeconomic climate continues to apply pressure on crypto assets. Bitcoin and other cryptocurrencies extended their losses on Monday after spending most of the weekend in the red. Bitcoin$59,373.002.69%#ccpw-label-widget-11234.ccpw-price-label li a , #ccpw-label-widget-11234.ccpw-price-label li{color:#000;} In the previous twenty-four hours, Bitcoin (BTC) has traded between $18,632 and $19,300. As of 9:00 AM (UTC) today,...

$AVAX, $SHIB, $SOL, Bitcoin, Cardano, Crypto market, Polkadot, Polygon

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