Here’s How Much LUNC Has Been Burned in Recent Days: Details

According to the Luncburn tracker, a Twitter account that provides updates on daily LUNC burns sent to the LUNC burn address, a meager 1,520,377 LUNC worth $438 was burned on Oct. 6 in 100 transactions. This represents an 86% decrease from the previous day’s figures. On Oct. 5, over 10,322,295 LUNC worth $3,091 were sent to the …

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Kim Kardashian’s SEC settlement could complicate her other crypto case

Kim Kardashian made headlines this week when the Securities and Exchange Commission publicized a fine and settlement with her for allegedly failing to disclose earnings related to her promotion of the EMAX token. While the settlement ends her case with the government, it may complicate a class action lawsuit that seeks damages from Kardashian, fellow …

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UAE’s minister acknowledges future of crypto lies firmly within the mainstream financial system

Despite many jurisdictions and financial regulators taking a skeptical approach to the cryptocurrency sector, there are those who believe that it has already permanently changed the world and that the future of finance is tightly linked to it. One of them is the state minister for artificial intelligence (AI), digital economy, and remote-work applications in …

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Luna Investors Failed to Appreciate the Risks, Novogratz Says

TOKEN 2049 (SINGAPORE) — Galaxy Digital CEO Mike Novogratz said many retail investors who lost money in the collapse of Terraform Labs’ luna cryptocurrency had failed to appreciate the risks involved and held onto their tokens for too long. “It was heartbreaking when the whole thing collapsed,” he said. “When a token goes from 20 …

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Bank of England asserts blockchain adoption across all markets is too complex

Jon Cunliffe, Deputy Governor of the Bank of England, said on Wednesday, September 28, that using the blockchain technology that is the foundation of crypto assets to enable rapid trading and settlement across all financial markets is not desired given the issues that it would entail. According to Cunliffe, it is important to make sure …

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$149 Million Lost to Crypto Market Liquidations; Here’s Who Partly Sold BTC

The ongoing market sell-off has led to nearly $149 million in liquidations for leveraged crypto traders over the past 24 hours. According to data from Coinglass, 58,200 traders were liquidated, with mostly long traders suffering losses across the majority of exchanges. In topsy-turvy trade, Bitcoin and other cryptocurrencies surged early on Tuesday before falling sharply. The largest digital …

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NFT marketplace OpenSea pays $200,000 bounty to two ethical hackers

OpenSea has paid $200,000 in bounty rewards to two ethical hackers who discovered separate critical vulnerabilities in the NFT marketplace in the last ten days. Each hacker was individually rewarded $100,000. The first was paid to Corben Leo, a security expert and chief marketing officer at security firm Zellic, who said that he received $100,000 …

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