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Blockchain project Harmony Protocol (ONE) has shared an update on its compensation plan following the Horizon Bridge hack that occurred in June 2022. The incident began on June 24, 2022, amidst a wave of cross-chain hacks, with Harmony’s Horizon Bridge also falling victim, resulting in an estimated loss of
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The cryptocurrency exchange Binance has decided to reverse course and burn all trading fees for LUNC to appease its users. As reported by Coin68, one of the hot topics in the crypto community over the weekend was Binance CEO Changpeng Zhao’s refusal to implement a 1.2% burn mechanism
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Binance, one of the leading cryptocurrency exchanges, has made its first official statements regarding the 1.2% burn tax proposal for LUNC transactions. The Terra Classic LUNC Burn Proposal As explained by Coin68, since the collapse of the LUNA-UST project in May 2022, there have been significant changes worth noting.
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Following Ethereum's The Merge, Cardano has now completed its Vasil hard fork. The question remains: Will Cardano (ADA) experience a similar fate as Ethereum with its post-upgrade price action? Relentless Effort Cardano founder Charles Hoskinson has acknowledged that this is “the most challenging update we’ve ever undertaken,
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Top stablecoin Tether (USDT) has recently made headlines by extending its development to the Polkadot blockchain. This move once again draws significant attention to the highly competitive stablecoin sector. Tether announced via its official Twitter that it will now support a native token on the Polkadot blockchain. Tether Tokens (USD₮
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After Ethereum’s Merge comes The Dump – could Cardano (ADA) face a similar fate following the Vasil hard fork? Endless Efforts Cardano's founder, Charles Hoskinson, admitted that this is “the hardest update we’ve ever done,” as it involves nearly all technical layers within the Cardano network. The
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On the morning of September 22, 2022, the cryptocurrency market experienced a significant downturn following the Fed's announcement of its latest interest rate hike. Price Movements of Leading Cryptocurrencies at 08:25 AM on September 22, 2022 Source: Coin360 As highlighted in Coin68's article on key
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In a civil complaint, the U.S. Securities and Exchange Commission (SEC) asserts that it has jurisdiction over all Ethereum transactions. On September 19, the SEC charged crypto investor and YouTuber Ian Balina with violating U.S. Securities laws for being involved in an unregistered ICO offering in 2018. In
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The ongoing legal battle between the SEC and Ripple might favor Ripple as the CFTC takes a more “friendly” stance toward the company. On September 20, 2022, XRP experienced a notable price increase as the Commodity Futures Trading Commission (CFTC) appears to be warming up to Ripple, despite the ongoing
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Investment firm MicroStrategy has announced its latest Bitcoin acquisition valued at $6 million. Why Did MicroStrategy's Latest $400 Million Bitcoin Purchase See BTC Prices Drop? On the evening of September 20, MicroStrategy Chairman Michael Saylor revealed that his company made its first Bitcoin (BTC) purchase of Q3 2022,
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Bitcoin has once again plunged the cryptocurrency market into a “sea of flames.” Unlike the similar scenario in late August, this time the situation is expected to be much worse. After experiencing a series of “rollercoaster” movements over the past two weeks—rising sharply before the US CPI announcement, then
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Despite maintaining a stable price amidst a turbulent market over the past month, Kyber Network (KNC) experienced a sudden and severe price drop, raising concerns within the community. On the night of September 18, while Bitcoin was plummeting to $19,300 in the early hours of September 19, Kyber Network