Binance has changed the frequency of its Terra Classic (LUNC) burn mechanism from once every week to once every month. The trading costs on LUNC spot and margin trading pairs on Binance have resulted in the burn of 13.712 billion LUNC tokens so far. In addition, more than 26.361 billion
November 8, 2022 1 min read
The open Beta release of Xternity, a WEB3 platform for games, and the accompanying $4.5 million were just revealed. Prominent names in the game industry and the web3 community have contributed to the funding. Companies like Jibe Ventures, Flori Ventures, Secret Chords, Vgames, and NFX are among them. Xternity was
November 7, 2022 2 mins read
FTX is third only to a George Soros-owned corporation and a firm called Uline. The efforts may pay off in the form of improved regulation for the cryptocurrency industry. Sam Bankman-Fried, a crypto billionaire, is one of the biggest contributors to the 2022 U.S. midterm elections. It has been shown
November 6, 2022 1 min read
Musk said that anybody could purchase one of these badges from a third party. One user claimed Twitter staff were selling verification for $15,000 and above. Elon Musk’s recent tweets have exposed a scam employing Twitter verification badges. Verification badges on Twitter are a sign of respect and admiration. Through
November 6, 2022 2 mins read
MultiversX claims it will expand upon the Elrond Network’s established ecosystem. Companies keep investing in metaverse despite claims of low user numbers. Elrond, a company that specializes in blockchain technology, recently made the announcement that it will rebrand itself with an emphasis on the metaverse. The firm has rebranded as
November 6, 2022 1 min read
Together with the asset manager, it established a government money market fund. The official blog article states that it will be exclusive to Circle. Circle, the stablecoin USDC’s issuer, recently made a public announcement that it will put a part of the USDC reserves into the Circle Reserve Fund. BlackRock
November 5, 2022 1 min read
A blockchain network is trustless and requires no personal interaction between participants. A distributed ledger ensures that all nodes in the network have access to the same data. There will be widespread disapproval of a member’s ledger if it has been tampered with or corrupted by other users on the
November 4, 2022 2 mins read
One of the top brokerages in the world has launched a revolutionary new product for trading cryptocurrencies. For retail customers, Fidelity Investments is introducing commission-free cryptocurrency trading. This trading firm has over $9.9 trillion in assets under management and has now revealed a waitlist for its new crypto service. The
November 3, 2022 1 min read
Minterpress is a new sort of open-source NFT tool developed by Blokhaus, a Web3-focused, industry-leading firm, to enable creators and collectors to mint and host environmentally friendly NFTs on WordPress. Energy-efficient NFTs minted using Minterpress have none of the drawbacks of first-generation NFTs since they are built on the Tezos network.
November 3, 2022 1 min read
OpenSea monitors for suspicious contract functionalities and behaviors. This tool will automatically check any user-entered links on the marketplace. Because of the immutability of blockchain transactions, theft has become a serious problem in the NFT industry. With attacks stealing millions of dollars’ worth of assets from unwary collectors. Moreover, the
November 2, 2022 2 mins read