Binance to burn all LUNC trading fees following community feedback

To support the Terra community’s efforts to revive the Terra (LUNA) — now renamed Terra Classic (LUNC) — token, crypto exchange Binance announced an off-chain burning mechanism last week. However, after receiving mixed reactions from community members, the exchange revised its burning approach.  On Sept. 23, Binance CEO Changpeng Zhao wrote that the exchange will create an optional 1.2% tax when trading LUNC. Zhao added that they will roll out the 1.2% tax for all LUNC trading if traders who opt-in to pay the tax reach 50% of the total…

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Is the bottom in? Crypto community shares their thoughts

Buying the dip instantly becomes a nightmare when crypto prices go down even further as the bear market continues its onset. However, recent dips show that current prices may potentially be a good entry point for traders. To find out what the community thinks, Cointelegraph asked Twitter to answer the question — is the bottom in?  Could you please stop jinxing my shorts? — Stoic Trader (@stoic_traders) September 22, 2022 From bracing for further impact and waiting for Bitcoin (BTC) prices to go lower to hoping the fun that comes…

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Metaverse graphics aim for community and accessibility — Not realism

Some may argue that the Metaverse has been around for years, as demonstrated by early gaming platforms, yet virtual ecosystems are now being embraced by almost every industry. A recent report from consulting firm McKinsey & Company believes that the Metaverse has the potential to generate at least $5 billion in value by 2030. McKinsey also found that investments exceeding $120 billion have been put toward Metaverse platforms this year, indicating that major growth is underway. While notable, there is still the perception that most metaverse platforms are lacking when…

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Community reacts with memes, GIFs and tributes

It’s been less than a day since Ethereum’s historic transition to proof-of-stake, with most of the crypto community still abuzz with excitement following the successful Merge. On Sept. 15 at 06:42:42 UTC, the last Ethereum block using the old proof-of-work consensus mechanism was mined. Replacing it is an energy-efficient proof-of-stake consensus mechanism. Many crypto enthusiasts and climate advocates worldwide have been thrilled by the positive impact it will have on the environment and thus, crypto’s reputation. Others have just been in awe of the technological feat of upgrading an entire…

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Ethereum community wastes no time minting PoS NFTs right after the Merge

The long-awaited Ethereum Merge has happened, and the community can’t sit still. Moments after the historic crypto event, one user minted the first ever nonfungible token (NFT) on the proof-of-stake (PoS) consensus. Officially the Merge took place on Sept. 15 at 06:42:42 UTC at block 15537393. The first announcement of the mint and sale of the NFT came shortly after at 07:08 UTC. The NFT, which is a time capsule of the moment of the first NFT mint and the iconic panda face, was quickly purchased at the price of…

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Community celebrates the Merge by dropping ETH-inspired art and music

As the Merge successfully shifted the Ethereum network to proof-of-stake (PoS), the ETH community seized the opportunity to celebrate by dropping artworks and music inspired by Ethereum.  Nonfungible token (NFT) artist Beeple, the creator of one of the most expensive NFTs ever sold, celebrated the Ethereum Merge by publishing an illustration that shows a massive Ethereum logo that seemed to slowly form, assisted by what looks like scientists.  Another community member who makes art influenced by street art and illustration dropped a moving artwork showing a static visual effect over…

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The importance of accessibility and community education

With many younger investors getting into blockchain and cryptocurrencies through various advertisements on the internet, the importance of education in the space becomes more obvious, according to a panel discussion at the CV Summit 2022.  Cointelegraph’s editor-in-chief Kristina Cornèr moderated a panel discussion titled “Tokenized Finances, Security Tokens, and the Re-Definition of Value.” Panelists included Massimo Butti, the head of equity at SDX; Nicola Plain, the CEO of Aktionariat; Thomas Eichenberger, the head of business units at Sygnum; and Arnab Naskar, the co-founder of STOKR.  Cornèr, Butti, Eichenberger, Plain and…

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‘Go to jail:’ Community roasts Celsius-themed Monopoly board game

The crypto community is having a field day mocking a new Celsius-themed Monopoly board game named “Celsiusopoly,” which has emerged on a United States-based online e-commerce marketplace.  The announcement of the Celsius-themed board game came from the marketplace’s head of sales and partnerships Stephanie Martin, who said the planning and production of the Monopoly spin-off came on the back of “months and months” of hard work. After months and months of back and forth, redesign, negotiating, editing and importing files, etc. we finally have a finished product. #onwardandupward #Celsians pic.twitter.com/vHjN6xWZIJ…

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Community calls out bots spamming crypto Twitter threads

Twitter is a platform for community members to discuss various perspectives on issues within the crypto space. However, productive discussions are often hindered by bots that spam “why is no one talking about this?” often paired with a link to shady projects or scam landing pages. Because of this, the community expressed their ire in various ways, with some employing satire and even art.  No one: Absolutely no one: Crypto bots in replies: WHY IS NOBODY TALKING ABOUT THIS?! — Cointelegraph (@Cointelegraph) September 7, 2022 Crypto analyst Lark Davis posted…

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Blockchain and crypto find use case in community powered weather forecasting

Blockchain and crypto are coming to a local weather station near you — or at least that’s what one group of Athens-based engineers is trying to accomplish. WeatherXM is using a combination of blockchain-based data verification with crypto incentives to get people worldwide to capture their local weather data for more accurate forecasting. Cointelegraph sat down with WeatherXM co-founders, CEO Manolis Nikiforakis and chief technology officer Nikos Tsiligaridis for an interview in Athens, Greece. They talked about how Web3 tools provide the best solution to the lack of quality and…

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