Day: September 24, 2022

LUNC investors react to CZ’s 1.2% trading tax recommendation on Binance

Arijit Sarkar

The infamous collapse of the Terra ecosystem, which erased market prices of TerraUSD (UST) and LUNA tokens, continues to trouble anxious investors as co-founder Do Kwon, crypto exchanges and the community together tries to identify the best route for a sustainable price recovery. Most recently, Changpeng ‘CZ’ Zhao, the CEO of crypto exchange Binance, recommended a flat 1.2% trading tax on LUNC trades that could be burned to reduce the token’s total supply and improve its price performance. Addressing the community, CZ stated: “We will implement an opt-in button (on…

Ripple Outperforming Whole Market, What’s Pumping XRP Price? 

Alyz

The currency of the blockchain-powered online payment platform, XRP, has gained almost 60% in the past week. After briefly dipping to $0.34 five days ago, the token climbed back and traded around $0.52 this morning. Crypto influencer Ben Armstrong claims to know the reason behind this continuous climb amid the current general crypto bear market. The multiple-crypto holder shared his two cents about the state of events with his 800k plus followers on Twitter yesterday. Related Reading: Maker DAO Shows Bullish Sentiment After A While, Eyes $800? Influencer Believes Impending…

Web3 Altcoin Inks Deal With New England Patriots and Jumps by 25% This Week, Thwarting Crypto Market Woes

Anthony B

A Web3 altcoin is surging this week amid news that it inked a sponsorship deal with the New England Patriots football team. Through a multi-year partnership with Kraft Sports + Entertainment, the blockchain infrastructure solution company Chain (XCN) is now the “official blockchain and Web3 sponsor” of the Patriots, the New England Revolution soccer team, the Patriots’ homefield Gillette Stadium and Patriot Place – an open-air shopping center built around the stadium. XCN, Chain’s native governance and utility asset, jumped from trading around $0.067 before the announcement to around $0.075…

The biggest Bitcoin fund just hit a record -35% discount — A warning for BTC price?

Yashu Gola

Grayscale Bitcoin Trust (GBTC), a cryptocurrency fund that currently holds 3.12% of the total Bitcoin (BTC) supply, or over 640,000 BTC, is trading at a record discount compared to the value of its underlying assets. Institutional interest in Grayscale dries up On Sep. 23, the $12.55 billion closed-end trust was trading at a 35.18% discount, according to the latest data. GBTC discount versus spot BTC/USD price. Source: YCharts To investors, GBTC has long served as a great alternative to gain exposure in the Bitcoin market despite its 2% annual management…

Thiel-Backed Urbit Is Web3, Weird and Wonderful. IDGAF Who Made It

Marc Hochstein

But I have to, in order to minimize the risk of this piece disappearing into a black hole. And the fact that this thirsty, pathetic pandering is practically a job requirement for my profession, even if I can at least relegate it to the back end of the content management system (CMS), is symptomatic of a bigger problem with today’s internet – one that Urbit, commendably, aims to solve: the outsized power of the giant platforms. Author: Marc Hochstein Source link

Thiel-Backed Urbit Is Web3, Weird and Wonderful. IDGAF Who Made It

Marc Hochstein

But I have to, in order to minimize the risk of this piece disappearing into a black hole. And the fact that this thirsty, pathetic pandering is practically a job requirement for my profession, even if I can at least relegate it to the back end of the content management system (CMS), is symptomatic of a bigger problem with today’s internet – one that Urbit, commendably, aims to solve: the outsized power of the giant platforms. Author: Marc Hochstein Source link