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  • Terra’s Luna Classic outperforms Bitcoin, Ethereum over the last 30 days

    Terra’s Luna Classic outperforms Bitcoin, Ethereum over the last 30 days

    Terra’s Luna Classic has enjoyed a bit of renaissance in the past week as its value saw a significant rise after introducing a 1.2% burn tax on all swaps.

    Regardless of this, LUNC is one of the best-performing cryptocurrencies in the prevailing bear market. Since its historical implosion in May, the asset has risen by over 25,000% during the last four months. In the last 30 days alone, LUNC is up 160.5% and by almost 200% in the past 14 days.

  • ETH whales move Ethereum to exchanges awaiting The Merge

    ETH whales move Ethereum to exchanges awaiting The Merge

    Data from analytics firm Santiment shows that there has been a sharp decline in the holdings of a significant number of ETH whales.

    Over the past three months, top whale addresses have sent a significant amount of ETH onto exchanges. Non-exchange addresses have declined 11%, while exchange-based addresses have surged by 78%.

  • Indonesia to establish ‘crypto stock’ exchange by 2022-end

    Indonesia to establish ‘crypto stock’ exchange by 2022-end

    Indonesia’s government plans to establish a “crypto stock” exchange by the end of 2022, according to a report by DealStreetAsia, citing a minister.

    The Indonesian government sees the exchange as a means of protecting consumers as interest in digital currencies has risen. Crypto transactions in Indonesia totaled 859.4 trillion rupiah ($57.6 billion) in 2021 with the number of users reaching 15.1 million as of June this year, according to Bappebti.

  • Ethereum mining revenue soars to 3-month high in last full month of PoW

    Ethereum mining revenue soars to 3-month high in last full month of PoW

    Ethereum mining revenue rose to a three-month high due to increased interest in mining rewards in August. This was the last full month of mining ETH before ‘The Merge.’

    As a result, Ethereum mining revenue rose to approximately $734 million in August from $621 million in July, according to The Block based on data from Coin Metrics. This was an 18% increase in revenue in 31 days.

  • Highlights of the week

    Highlights of the week

    $NEXO commits additional $50M to buyback program
    $GLMR integrates cross-chain messaging protocol LayerZero
    FIFA launches NFT platform on $ALGO in run-up to World Cup
    LG set to launch digital asset wallet built on $HBAR technology
    $FTT cooperates with Korean authorities to develop digital exchange
    $CHZ inks new four-year deal with Argentine Football Association (AFA)

  • FIFA launches NFT platform on Algorand in run-up to World Cup

    FIFA launches NFT platform on Algorand in run-up to World Cup

    FIFA launches NFT platform on Algorand in run-up to World Cup

    FIFA, soccer’s global governing body, has announced it will launch FIFA+Collect, an NFT platform for soccer-themed digital collectibles. FIFA+ Collect will run on the Algorand blockchain, a proof-of-stake Ethereum and Solana alternative.

    The platform, FIFA+Collect, is set to launch later this month, and will feature “affordable, inclusive, and accessible” NFTs that depict notable soccer moments, art, and imagery, according to FIFA.

  • Thailand tightens rules on crypto advertising

    Thailand tightens rules on crypto advertising

    Thailand’s Securities and Exchange Commission (SEC) has rolled out new rules on advertising for cryptocurrency companies after the industry has come under greater scrutiny from authorities.

    The new rules include clearly showing investment risks in advertisements and providing a balanced view of potential risk and returns, the SEC said in statement on Thursday, adding that operators had 30 days to comply with the new rules.

  • Cardano Vasil hard fork gets a hard date

    Cardano Vasil hard fork gets a hard date

    Developers at Input Output and the Cardano Foundation today announced that Cardano’s Vasil hard fork will occur on September 22, just one week after the Ethereum merge’s anticipated date of September 15.

    Vasil is the most significant Cardano update to date, bringing increased network capacity and lower-cost transactions. The upgrade will also bring enhancements to Plutus to enable devs to create more powerful and efficient blockchain-based applications.

  • LG Electronics set to launch digital asset wallet

    LG Electronics set to launch digital asset wallet

    A South Korean technology company, LG Electronics, has applied for a patent registration for its newly invented digital asset wallet code-named Wallypto which is currently being beta tested to limit system errors and crashes.

    The wallet, which is allegedly being built on the Hedera (HBAR) technology, will probably be launched at the end of this quarter. According to an application filed before the United States Patent and Trademark Office, the wallet will be a unique downloadable computer software for use as a digital wallet.

  • 62% of wallets did not sell Bitcoin for a year amid the bear market

    62% of wallets did not sell Bitcoin for a year amid the bear market

    According to data from TipRanks, 62% of wallets have held BTC for one year and above. On the other hand, 32% of wallets are shown to have held for a month up to a year. Lastly, those who have been holding for less than a month are only 6%.

    Among the current holders, 48% are in profit while the same amount of holders is in losses. The data also highlighted that the remaining 4% are neither in profit nor in a loss.