LUNC News: A former Joint L1 Task Force (L1TF) developer, along with other developers and Terra Luna Classic validators, has started working on 800 million USTC burn to reduce the circulating supply of stablecoin by burning balance in a contract, according to the latest detail. Terra Luna Classic Starts Testing 800 Mln USTC Burn The […]

House representatives are gearing up for a vote on two major bills of cryptocurrency legislation. The Financial Innovation and Technology (FIT) for the 21st Century Act and an anti-Central Bank Digital Currency (CBDC) bill, sponsored by Republican representatives, will be on the floor the last week of May. As a result, this united vote is […]

In a recent landmark decision that exemplifies the law’s war on cryptocurrency fraud, Ian Freeman, a New Hampshire libertarian activist and the host of a radio talk show, has been ordered to pay victims of an elaborate romance scam operation more than $3.5 million. The 43-year-old dude Freeman decided to use Bitcoin to wash tens […]

As speculations swirl around the approval of Spot Ethereum ETFs, Fox journalist Eleanor Terrett revealed that there are upcoming meetings scheduled between ETF applicants and staff members of the U.S. Securities and Exchange Commission (SEC). This disclosure follows a series of mixed sentiments from industry insiders regarding the likelihood of approval. Ethereum ETF Applicants To […]

The inflows in spot Bitcoin ETF have surged once again in February clocking nearly $500 million a day before. Interestingly, the pace of inflows has caught investors’ attention with many of them expecting that Bitcoin would eat into Gold’s market share sooner than expected. Bitcoin (BTC) – A sound Money Asset According to insights provided […]

The U.S. Securities and Exchange Commission (SEC) can reject spot Ether ETF applications on May 23, said Bloomberg’s senior ETF analyst Eric Balchunas. Moreover, the SEC’s approval of spot Ethereum ETF may not come until the end of 2025. The odds of spot Ethereum ETF approval largely depend on the 2024 US elections. If Donald […]

Terra Luna Classic core developer group L1TF developer has successfully forked the Osmosis test-tube to work with the Terra Classic. It will help developers test fixes to the Cosmos liquidity protocol Astroport applied last month. Moreover, it will help developers further test 800 million USTC burn with contract migration and other upgrades. L1TF Developer Fork […]

In a thrilling plot twist, Grayscale Investments, one of the world’s largest crypto asset management companies, has recently taken to X, drawing parallels between the burgeoning growth of crypto and the Canadian equity market. In its statement shared today, May 11, the crypto asset management firm also put crypto and USD-denominated EM (Emerging markets) bonds […]

Bitcoin has again surpassed a $1 trillion market capitalization, a feat not achieved since 2021. Richard Teng, the newly appointed chief executive of Binance, the world’s largest cryptocurrency exchange by trading volume, took to Twitter/X to commend this monumental achievement. Teng’s acknowledgment of Bitcoin’s milestone underscores the digital currency’s growing influence and resilience in the […]

Another week ends within the global crypto realm, with Ripple, Binance, and Pepe coin igniting a flurry of speculations among crypto market participants. The ongoing Ripple vs the U.S. SEC lawsuit took exciting turns this week, whereas Binance further streamlined its crypto offerings. Pepe coin emerged as the talk of the town of the meme […]