The initial proposal, number 10946, was submitted by Terra Grants Foundation (TGF) programme director and Professor Edward Kim. This proposal is to reserve 750M LUNC tokens for developers, projects, validators, and community members that make significant contributions to the Terra Classic resurrection between the months of May and October. Edward
In the aftermath of FTX’s bankruptcy, SafePal, the Binance-backed decentralized wallet brand with software, hardware, and extension wallet products, has announced record levels of new customers. Since November 11, the platform has seen a 10x surge in traffic, and over the same time, SafePal’s web3 hardware wallet has had record-breaking
Following the Ethereum merge upgrade, cryptocurrency miners seek new ways to mine tokens. As Binance Pool, the crypto exchange’s mining pool service is added Ravencoin (RVN) to its list of supported mining tokens, as per the statement published on Wednesday. In addition, the RavenCoin (RVN) mining pool charges 1% in
Magic Eden, a cross-chain NFT marketplace, will now handle non-fungible tokens (NFT) based on Polygon, embracing a new community of creators and developers. Magic Eden will be able to support Polygon’s ecosystem of game developers and creators thanks to the expansion. Among others, Ubisoft, Atari, Animoca Brands, Decentraland, and Sandbox
In the midst of the turmoil caused by FTX’s insolvency in the cryptocurrency market, Litecoin (LTC) is starting to shine and climbed by over 45% this month, from $54 to $81. The bullish price momentum may be due to an improvement in its supply dynamics. The uptrend comes ahead of
Coinbase CEO Brian Armstrong disclosed the company’s $39.9 billion Bitcoin holdings in a letter to shareholders. The letter was eventually made public following widespread market attempts to be transparent in the wake of the FTX crash. Using Twitter, Coinbase’s CEO announced the Bitcoin total and emphasized the company’s public status.
During the bankruptcy proceedings, the lawyer for FTX claimed that much of the company’s assets had been stolen or vanished. Unfortunately, the FTX debtors were not adequately governed, according to attorney Bromley. The attorney said the FTX case was “unprecedented” in his opening statement. He further claimed that Sam Bankman-Fried
The global crypto market valuation has dropped from trillions to billions, and it is now trading at $822.22B, up 4.23% over the 24 hours. As the crypto market has been experiencing ups and downs in recent months, the collapse of exchanges and hacks has caused the crypto market to experience
Ark Invest, run by Cathie Wood, has reportedly invested an additional $1.4 million to acquire 176,945 shares of Grayscale’s Bitcoin Trust (GBTC) fund, as reported in an investor email. The company has made its second sizable GBTC acquisition in as many weeks with this transaction. Bloomberg reports that the Florida-based
On Tuesday, a court in the Netherlands extended the prison sentence of Alexey Pertsev, the programmer behind the cryptocurrency mixer Tornado Cash. Reportedly, the court rejected claims that Perstev lacked the authority to manage Tornado Cash. Moreover, prosecutors said that the developer is essential to the crypto mixer’s operation. The
