There is important news from Cardano and Ripple in the week that Bitcoin took over $18,000 again. In this article, let’s list the latest news from the altcoin market under the headings of listing and network improvements.
Hottest altcoin news of the week
The US regulator, the Commodity Futures Trading Commission (CFTC), has labeled cryptocurrencies as commodities. The cryptos mentioned include network balls such as Bitcoin, Ethereum and Tether. The filing also noted that cryptocurrencies are anything that can be “stored and transmitted electronically” and has “associated ownership or use rights.”
Independent Terra developer TerraCVita has announced a new LUNC burning mechanism. The token burn event, which is part of the roadmap, will remove trillions of LUNC tokens from circulation over the next year.
Zogi Labs announced its partnership with Cronos. As part of the partnership, the MMO Blockchain game The Legends of Bezogia will be launched.
Charles Hoskinson said Solana (SOL) could act as Cardano’s side chain. In a recent Youtube post, the founder suggested:
… Cardano’s side chain model, if a side chain comes and connects to Cardano, that side chain is a partner of the main chain. The main Blockchain provides security, provides infrastructure, provides ecosystem and provides liquidity… (Hoskinson later said Solana would be in a better position thus) … So you can take Solana, replace the current consensus algorithm with something that is 25x faster and doesn’t crash all the time. , you can turn it into a Cardano sidechain, then ADA holders are paid for Solana to maintain it.
Cryptocurrency exchange Uphold reiterates its desire to support the upcoming FLR airdrop event. The exchange was the latest platform to announce its willingness to support the upcoming Flare Network (FLR) token airdrop. In a tweet dated December 14, Uphold said it will support the FLR token airdrop event scheduled to take place on January 9, 2023. cryptocoin.com We have covered the details about the Flare airdrop in this article.
listing news
- Gaming platform Azarus has announced that AzaCoin will be listed on Uniswap on January 11, 2023.
- Tether, the manufacturer of the USDT stablecoin, has announced that it will reduce secured loans to zero by 2023.
- BitMart is listing Centurion Invest’s native cryptocurrency CIX token. According to the announcement, CIX started trading on the USDT pair from December 13.
- XT.COM has listed Layer 2 Blockchain StableFund USD (SFUSD). SFUSD/USDT, SFUSD/BUSD and SFUSD/MATIC pairs are currently open for trading on XT.COM.
- XT.COM also listed FLAG, the native token of DeFi platform Flag Media. Trades on the FLAG/USDT pair are active as of December 13.
- Huobi Global hinted in a new tweet that it might list Shiba Inu’s ecosystem token, ShibaSwap (BONE). The tweet from the official Twitter account is as follows.
Network developments
- Cardano Staking registered 14 times more engagement than Ethereum. On-chain data shows that Cardano has added an average of 22,327 new staking addresses each month, especially for the past 13 months. Currently, the total number of staking addresses of the network is around 1 million 200 thousand.
- The number of Ethereum’s zero-balance wallets has reached the ATH level. Glassnode data shows that the number of non-zero ETH addresses currently makes ATH with 91,289,731. Currently, there are more addresses than ever before holding at least some Ethereum.
- In the last 24 hours, Binance has transferred 1.89 trillion SHIB tokens after a series of transactions. Also, the whale nicknamed “Marsbrothers.eth” bought it worth $3.07 million. In another transaction, Binance transferred 150 billion SHIB tokens to an address associated with Cryptocom.
- Ripple CTO David Schwartz has launched his own NFT collection, Ugly On The Outside. 28 pieces of digital art were created on Ethereum and are currently available for sale on OpenSea.
- Trust Wallet announced in a new tweet that it now supports Cardano (ADA) staking. The new staking option is only available on Android devices so far. However, Trust Wallet says it will add support for iOS devices in the near future.
- MultiversX (Elrond) announced new staking pools. However, users will now be able to stake EGLD through Atomic Wallet.
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