blockchaintechnology
The Terra Luna Classic (LUNC) community expects impressive price actions from the altcoin in the upcoming sessions. Binance exchange will destroy massive amounts of LUNC next week as part of the ongoing burn campaign. The recent burn saw LUNC’s supply plunging to 6.78 trillion, with massive trading volume. Scarcity in the financial markets is a recipe for increased demand. Moreover, delegators have significantly staked with LUNC validators, pushing the overall staked tokens to more than 1 trillion. Terra Luna Classic awaits massive token burnThe LUNC community awaits an enormous token burn fro...
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The US State Department has announced a $5 million (£3.9 million) reward for information leading to the arrest or conviction of Ruja Ignatova, the founder of OneCoin and self-proclaimed “Cryptoqueen”. Ignatova disappeared in Athens in 2017 after allegedly orchestrating one of the largest Ponzi schemes in history, defrauding investors of approximately $4 billion (£3.1 billion). Background of OneCoin scheme OneCoin operated through a network of promoters who solicited investments in return for tokens purported to be cryptocurrencies. OneCoin was not based on any blockchain technology, and Ignato...
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Crypto exchange Binance unveiled a crucial announcement to users in the United Arab Emirates. After acquiring the VASP certificate from Dubai’s Virtual Assets Regulatory Authority, the trading firm has revealed how users can migrate to the licensed Binance FZE exchange. Next stage: account transitionMeanwhile, Binance unveiled the account transition process for UAE users on 26 June. Residents can now migrate their accounts from the global exchange to Binance FZE. Users should complete KYC authentication (requested via email) to qualify. They have up to 15 December 2024 for this transition. The...
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The Cardano (ADA) network encountered a distributed denial of service (DDoS) attack late on Tuesday. The perpetrators intended to steal assets staked on the blockchain. The attackers wanted to disrupt services by overwhelming the ADA network with massive spam transactions. Details show the incident began at block 10,487,530, where each transaction executed 194 smart contracts. The hacker spent 0.9 ADA for each transfer and filed blocks with immense transactions to overwhelm the blockchain. Nevertheless, the network faced no damage as developers successfully mitigated the incident. The Cardano ...
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The Solana Foundation launched the Blinks and Actions feature on the blockchain on Tuesday, connecting “Solana to the entire internet.” The new functionalities, designed to put cryptocurrency back into social media, will enable players to transact crypto on any website. That comes as the network looks to make digital asset transactions intuitive and more seamless. The move aims to democratize cryptocurrency trading through day-to-day internet usage. Any website with a URL can support this feature, making crypto accessible to any internet user. According to Solana’s head of engineering Jon Wong...
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The cryptocurrency market kick-started the week with bearish tendencies as Bitcoin plunged to $60K. While macro elements such as the Fed’s outlook on interest rates injured sentiments, updates about Mt. Gox liquidating BTC and BCH to repay creditors magnified market instability. However, Solana-based meme cryptos reversed the trend, and MAGA Puss ($PUSS) joined the market on June 26 to capitalize on the imminent solid recoveries. Solana meme tokens lead the upsideThemed digital tokens continue to outperform the market. While Bitcoin and Ethereum gained 1.13% and 0.89% in the past day, top Sola...
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Fetch.ai (FET) and Injective (INJ) defied the current bearish markets with significant price increases over the past day. Monday’s X post from Injective about “something brewing” with Fetch.ai catalyzed recoveries for the altcoins within the last 24 hours. Injective’s post feature the company’s logos with a wavy line connecting them. That indicates an exchange of data between the duo. Despite the few details, crypto enthusiasts interpreted the image as signaling a strategic partnership between Injective and Fetch.ai. Market responseWhile the community awaits further details on the planned alli...
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Cardano (ADA) has significantly boosted as renowned cryptocurrency analytics platforms Dex Screener and Dex Tools integrated the altcoin. Market analyst Crypto Capital revealed the optimistic updates to the Cardano community on Tuesday. Watch here: https://www.youtube.com/embed/NLyIymKFb0k?feature=oembed The deal will enhance Cardano’s visibility in the marketplace and attract new users to the blockchain. Meanwhile, the integration news comes as Cardano experiences increasing interest from crypto enthusiasts. Enhanced accessibility and visibility will help the ADA blockchain attract more inves...
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Two whales caught the crypto community’s attention with significant meme coin deposits to the crypto exchange Binance. The transactions triggered speculations among cryptocurrency enthusiasts. Are whales quitting to avoid upcoming declines? Whale moves SHIB & PEPE worth millions of dollarsAccording to Spot on Chain, wallet Ox42a moved 1.088 trillion Shiba Inu tokens (worth approximately $18.12 million) to Binance. The investors accumulated the assets in November-December 2023. Bears dominated the markets (at the time), and the trader’s dip-buy strategy worked. The whale made around $8 million ...
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Tether, the issuer of the world’s largest stablecoin, has announced it will stop minting its dollar-linked USDT token on the Algorand and EOS blockchains. This decision is part of a strategic shift to focus on community-driven blockchain support, aiming to balance maintainability, usage, and community interest. Strategic transition in focus Starting Monday, Tether will cease minting new USDT on Algorand and EOS. However, the company will continue redeeming the stablecoin on these blockchains for the next 12 months. This move signifies Tether’s intention to streamline its operations and priorit...
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