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lunc - new burning proposal

New burning mechanism proposed for Terra Classic and token rises 120%.

After a steep decline in May, $LUNC has increased by more than 100 percent in the previous week. The increase has been even more significant over the last month, with the price increasing by 489% from USD $0.000095 on August 8 to a high of USD $0.00054 on Thursday morning.New burning mechanismRecent gains in the price of LUNC correlate with the advancement of a Terra Classic community proposal to introduce a new burn mechanism for the…
Nigeria - Binance

Nigeria plans to create a virtual free zone with Binance

The Nigerian government and the cryptocurrency exchange Binance have conducted an initial meeting to discuss the possibility of establishing a special economic zone in Nigeria that would provide assistance for firms linked to blockchain technology and cryptocurrencies.The National Economic and Production Zones Authority (NEPZA), which helps oversee and run free zones in the nation, desires that the end product be comparable to Dubai’s vir…
ethereum classic

Ethereum Classic jumps 12% as hash rate peaks

Ethereum Classic (ETC), a hard fork of Ethereum implemented after the 2016 DAO breach, set a new record hash rate of 48.82 tera hashes per second (TH/s) yesterday.This increase follows last week’s decline throughout risk asset markets, which dropped Bitcoin (BTC/USD) below $20,000 and Ethereum (ETH/USD) to a low of $1,483, and continues the altcoin’s recent increases as it approaches the highly anticipated Merge.As Ethereum prepares t…
cardano - robinhood

Cardano (ADA) is now on Robinhood

Before Cardano’s forthcoming “Vasil” release, the popular financial services site Robinhood adds ADA to its trading listing. Consequently, Robinhood’s over 22 million members may now access their ADA accounts and trade, sell, or hold the cryptocurrency on the platform.The company introduced the new trading option through Twitter on Thursday, and it is already available to users. According to Robinhood, the integration of $ADA (Cardano’s n…
bored apes - m&ms

M&Ms Come Out With New NFT-Inspired Candy

As part of their license agreement with Universal Music Group, Mars has begun distributing limited-edition M&Ms depicting Bored Ape Yacht Club NFTs. The cast of “Hash” examines the newest developments in the intersection between NFTs and the real world.Mars and Universal Music Group’s 10:22PM label inked a contract for the use of the Ape NFT photos, which were licensed from a prominent collector.In accordance with its liberal comm…
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A developer warns that the Cardano Testnet is catastrophically flawed

A developer warns that the Cardano Testnet is “catastrophically flawed” 

On Thursday night, Cardano engineer Adam Dean tweeted that the Cardano testnet is in jeopardy since it is no longer compatible with the latest version of the blockchain client software.Dean, a former member of the Cardano staking group and current lead ecosystem developer, revealed that the problem was identified when operators raced to update on the mainnet, resulting in incompatible forks that reduced chain density.https://twitter….
Acala repegs

Acala repegs

Misconfiguration of the network’s iBTC/aUSD liquidity pool enabled hackers to produce 1.28 billion stablecoins, reducing its value. Hackers exploited a newly installed liquidity pool weakness to make 1.28 billion tokens. The site burned the hacker-created stablecoin supply on Tuesday, putting its price back near to $1.The network suspended operations following an emergency vote on governance due to the aUSD drop. As recompense, c…
husd

Huobi linked Stablecoin de-pegs to $0.85

At Thursday’s market end, the price of HUSD was $0.92, down 8%. The current price on decentralized exchanges vs USDC, USDT, and DAI was $0.85. Currently, the warning from Curve Finance reads, “The exchange rate is absurdly low!”Stable Universal is actually the issuer of HUSD. The firm was sponsored by Huobi Capital, but in April of this year, Huobi divested its stakes.However, the exchange claimed in a public tweet that it was aware o…
Buenos Aires will introduce Ethereum validation nodes in 2023

Buenos Aires will introduce Ethereum validation nodes in 2023

Diego Fernandez, the city of Buenos Aires’ secretary for innovation and digital transformation, said during the ETH LATAM event that the Argentine capital intends to add Ethereum validation nodes in 2023.According to Fernandez, the initiative “has exploratory and regulatory aims” and would assist the 3 million-person city in “developing adaptive policy” for cryptocurrencies. This was said in an interview with the media site CoinDesk.B…
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