Gate.io has also declared its approval of the 1.2% tax burn. In this proposal, a token burn fee of 1.2% is proposed to be applied to all trades. KuCoin and Gate.io, two prominent cryptocurrency trading platforms, have announced their support for the 1.2% tax burn plan put up by the
September 7, 2022 2 mins read
At the beginning of last month, Coinbase began providing Ethereum staking. A reasonable pricing system will be implemented to ensure the safety of the assets. The excitement around staking has increased as the day of the Merge draws nearer. To date, more than 13.32 million Ethereum tokens have been staked,
September 7, 2022 1 min read
Musk has pledged $44 billion to purchase Twitter for $54.20 a share. Musk alleged that Twitter misrepresented the prevalence of spam accounts. Elon Musk, CEO of Tesla, tweeted out a snapshot of many fictitious accounts purporting to be Binance CEO Changpeng Zhao’s replies to Musk yesterday and claimed that “90%
September 6, 2022 2 mins read
Boba Network is the first multichain Layer-2 blockchain scaling solution and Hybrid Compute platform. Sushi, a leading supplier of DeFi solutions like Sushi Swap, has begun deploying its products on the Boba network. Sushi will provide Boba with a whole suite of products. Legacy Swap (the first AMM before Trident)
September 6, 2022 2 mins read
The audits of pro-cryptocurrency bank Revolut reportedly had problems, as reported by the Financial Times, United Kingdom. A Financial Reporting Council (FRC) assessment from July said that the audit of a certain corporation (which was not identified) had flaws. The FRC said that there was “the risk of an undetected
September 5, 2022 2 mins read
5,000 Bitcoins (now worth $100 million) transferred to the crypto exchange Kraken. One of the largest BTC whale addresses transferred all of its holdings to exchange. Bitcoin (BTC), the most popular cryptocurrency, has been trading at a price below $20,000 for some time. At the time of writing, according to
September 5, 2022 2 mins read
As of September 7th, 2022, all withdrawals and deposits will be frozen permanently. The Terra Classic network will still be available for customers. Binance said in an update that it would stop accepting ETH (ERC20) and USTC (Shuttle) transactions for LUNC (Shuttle). It will also halt transactions on the Ethereum
September 4, 2022 2 mins read
The business has eliminated all Web3 employees as part of its ongoing reorganization. Jake Sheinman, head of Snap’s Web3 team, announced his departure. On Friday, Snap Inc. CEO Evan Speigel revealed in a statement that the business has taken the painful choice to lay off 20% of its employees. According
September 3, 2022 1 min read
The plan to temporarily halt ETH borrowing has support with 96.18% in favor. About 214 thousand AAVE have been utilized by voters to accept the proposal. After a vote, the Aave community decided to put an immediate stop on Ethereum borrowing until the Merge. Due to the substantial dangers associated
September 3, 2022 2 mins read
LG plans to restructure its business portfolio and modernize its hardware division. The blockchain-powered digital wallet, built on the Hedera Hashgraph platform. Amidst volatile digital asset market circumstances, several electronic heavy weights are joining the race to Web3. To that end, the South Korean electronics giant LG is apparently aiming
September 1, 2022 1 min read
