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Terra Classic Developer Says The Next Terra Classic Upgrade (v23 Upgrade) would Bring A Boost To LUNC Network
Blockchain, Cryptocurrency

Terra Classic Developer Says The Next Terra Classic Upgrade (v23 Upgrade) would Bring A Boost To LUNC Network

In a recent tweet shared by a LUNC developer, Raider unveiled that the Terra Classic v23 upgrade would make the Terra network completely inter-functioning with other Cosmo chains as it is made up of the CosmoWasm upgrade. V23 Upgrade To Bring A Boost To LUNC Network This is done to bring a large network boost to the LUNC Cosmo Interoperatibility as it CosmoWasm is a library made up of standard codes for contract building. Read Also: LUNC DAO Introduces $1 LUNC Burn Campaign Raider noted in the tweet that “Only after the TR v23 release containing the CosmWasm upgrade will Terra Classic become fully interoperable with other Cosmos-based blockchains,”  https://twitter.com/Raider7019/status/1578423549362331649 V22 LUNC Upgrade Happened In August 2022 The idea of the v23...
COTI Announces A Partnership Between Cardano’s Djed And Empowa
Blockchain, Cardano

COTI Announces A Partnership Between Cardano’s Djed And Empowa

The DAG-based Layer 1 protocol, COTI unveils a new partnership for the official stablecoin of Cardano, Djed, as Empowa, a RealFi Project built on the Cardano blockchain Partners With Djed in order to transfer funds to the African building partners https://twitter.com/COTInetwork/status/1576919715532111873 Djed Versus Empowa Per the post, Empowa, a RealFi blockchain project built on the Cardano network, is the latest firm to indicate interest in the stablecoin. It is worth noting that after Empowa’s partnership with COTI, the company will add Djed as a payment method to facilitate funds transfer to local building partners. Read Also: The Ripple's Usual Monthly Unlock Of 1 Billion XRP Tokens Did Not Happen In October, Could It Be That The Total 55 Billion XRP Locked Has Be...
Binance Owned Trust Wallet Announces Its Support For Solana dApps
Blockchain

Binance Owned Trust Wallet Announces Its Support For Solana dApps

Binance’s Trust wallet recently announced that it has added its support for the Solana dApps. The new development was also brought to Twitter by the Trust -  Crypto Wallet. https://twitter.com/TrustWallet/status/1569672369714728964 As stated on its official website on the Tuesday announcement; “You can now connect your Trust Wallet to the top Solana dApps straight through your dApp browser on iOS and Android, or by using the Wallet Connect protocol on your desktop,” Read Also: VALR, A South Africa-Based Exchange To Add Support For Shiba Inu On Sept 13th Following the announcement, Trust wallet disclosed the particular Solana dApps it currently has connection point access to in this initial phase. The list stated by the Trust Wallet contains seven out of the Solana dApps...
Most Crypto communities Including Do Kwon Are Sceptical About Fatman’s Offer For UST Victim
Blockchain

Most Crypto communities Including Do Kwon Are Sceptical About Fatman’s Offer For UST Victim

Most crypto communities including Do Kwon have reacted to the usual offer by renowned Terra informant and whistleblower Fatman. Fatman took to handle to promise “leftover” yields to users. Terra’s Do Kwon appears to be among those calling Fatman’s offer a scam. https://twitter.com/DegenSpartan/status/1566784027444461568 Fatman stated:“Received access to a high-yield BTC farm based on a private carry trade operated by an up-and-coming fund. I’ve maxed out what I could, so there’s some leftover allocation, and I thought I’d pass it along – priority will be given to UST victims. DM for more details if interested.” Despite that Fatman has set up a condition of public disclosure, the crypto industry is still sceptical about the proposal as many of them like Degen Spartan, quoted ...
TruTrace Adopts Vechain Blockchain For The Use Of Blockchain Within Product Traceability
Blockchain

TruTrace Adopts Vechain Blockchain For The Use Of Blockchain Within Product Traceability

Vechain, the top enterprise-grade layer 1 blockchain platform, has recently collaborated with a Canada-based software-as-a-service (SaaS) platform, TruTrace. As stated in the announcement:“the direct connection between TruTrace and VeChain ToolChain will allow TruTrace to offer to those companies dedicated to product quality and authenticity, a seamless and rapid way to begin utilizing blockchain in their business, all without burdensome investments in network infrastructure or management of cryptocurrencies.” Also, the Canadian SaaS platform adopted the VechainThor blockchain to strengthen its protection for brands and consumers against being a victim of fake and contaminated products in the affiliated companies such as legal cannabis, food, apparel, and pharmaceutical industries. ...
Lawsuit Against Terraform Labs Increases As Plaintiff Albright Charges On Behalf May Terra Collapse’s Victims
Blockchain

Lawsuit Against Terraform Labs Increases As Plaintiff Albright Charges On Behalf May Terra Collapse’s Victims

The lawsuit against Terraform Labs has not declined but rather is on the increase daily. According to a report by the legal news outlet Law360, Terraform and two of its executives which include the Terraform Labs CEO, Do Kwon, were accused of violating the Racketeer Influence and Corrupt Organization Act. The charge against them was as a result of the UST inflation and promotion of false information in the recent Terra collapse, which claimed multi-million dollars, almost $80 million. Read Also: A Mysterious Wallet Initiates A Burn Of Over 309 Million In Two Days As stated by the Law360:“Defendants touted the stability of the coins and guaranteed 20% annual returns on coins deposited in Terraform Labs’ high-yield savings application on the Terra blockchain — the Anchor Protocol,”...
Three Arrow Capital’s Assets Are Under The Check Of Liquidators
Blockchain

Three Arrow Capital’s Assets Are Under The Check Of Liquidators

The recent Three Arrow Capital is still very much under check even though the various accusations faced by the co-founders, Zhu Su and KyleDavies. Recently, the Liquidators are granted access to crypto hedge fund’s assets. As revealed by Bloomberg emphasizing the people close to the matter, the Liquidators will be allowed to check the crypto hedge record of the fund’s assets. Read Also: Users Can Now Make Payment With Shiba Inu And Bitcoin In Argentina Via Binance Card Singapore Court Grant Access To Teneo The court of Singapore is granted a petition by an advisory firm, Teneo. Teneo is the firm responsible for monitoring the liquidation of Three Arrows Capital, and it is trying to gather any assets. Through this access, the Teneo would be able to access any financial reco...
InsurAce To Compensate 155 Investors With $12 Million For Their Loss In The Recent Terra Crash
Blockchain

InsurAce To Compensate 155 Investors With $12 Million For Their Loss In The Recent Terra Crash

The DeFi insurance company insurAce is giving out $12 million to 155  investors out of 178 as a compensatory fund to subsidize their loss as a result of the May Terra collapse.  As stated in the post InsurAce plans to compensate 155 investors a sum of $12 million as a result of the crash of Terra and its token in May. Read Also: Ripple's Partner, Tranglo, Expands Its Payment Solution To The UAE Terra May Collapse It is worth noting that the crash was initiated following the de-pegged from USD and plunged below the 1:1 ratio which also result in the fall of its token from over $100 to almost zero. The crash was so disheartening to the Terra ecosystem and the whole crypto sphere as the collapse affected them and the crypto is just recovering from it. However, the Te...
Dogecoin-Ethereum Bridge To Be Launched This Year
Blockchain

Dogecoin-Ethereum Bridge To Be Launched This Year

Blue pepper shared some views on the long-awaited Dogecoin-Ethereum bridge in a recent blog post. The Dogecoin co-founder, Billy Markus once suggested two factors that make Dogecoin become a more widely used cryptocurrency and also make it attractive to the users. He also reiterated that the upcoming Dogecoin-Ethereum will enhance Doecoin's improvement. Read Also: XRP Ledger Updates Its Validators From "nay" To "yay" On The XLS20 Amendment In Support Of the Community Benefits of the Dogecoin-Ethereum bridge According to the blog post, the Dogecoin-Ethereum bridge will permit users to move Doge to the Ethereum blockchain and likewise the Ethereum to Dogecoin blockchain as it is bi-direction. As stated in the blog post, the genesis members of the decentralized autonomous orga...
XRP Ledger Updates Its Validators From “nay” To “yay” On The XLS20 Amendment In Support Of the Community
Blockchain, XRP News

XRP Ledger Updates Its Validators From “nay” To “yay” On The XLS20 Amendment In Support Of the Community

The XRPL Labs announces to update its validators from nay to yay on the XLS20 amendment. The update was announced on the XRPL Labs official Twitter handle, the XRPL validators will be updated from ‘nay’ to ‘yay’ on the XLS20 amendment as the vote has already gotten 50% “yay”. https://twitter.com/XRPLLabs/status/1561668882317836291 It is worth noting that Ripple’s XRPL Labs are not always involved in the affairs of the community, precisely matter regards to voting on the network but the recent amendment vote happens to have caught Ripple’s XRPL Labs' attention. Read Also: Attorney John Deaton Accuses Gary Gensler For Leveraging On The Lack Of Congressional Action To Pock-nose Into Crypto. The basic reason for the amendment is to aid the network upgrade to introduce NFT cap...