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LUNA Jumps as 273M Tokens Burned Despite Do Kwon Opposing the Idea

Categories: Crypto News US

Terra (LUNA) holders have sent over LUNA 273m to the burn address provided by the Terraform Labs founder and CEO Do Kwon in a bid to reduce the token supply - an idea that Do Kwon is not in support of.Upon request from some community members, the CEO shared a burn address over the weekend. Subsequently, a token holder shared the address on Terra’s Research Forum, a space where developers and users discuss Terra protocols, asking the community to burn a portion of their tokens."Let’s go vultures, show that you really care about Luna and take the initiative and burn some of your coins, aren’t you guys true supporters," the user said.

Many in the community showed support for the plan, with some claiming that they have already sent some tokens to the address. "Great. Burned a few K just for the culture," one user said.As of Monday morning (7:15 UTC), the burn address has received 273.35m tokens (USD 52,000), according to Bitquery.io. Considering that LUNA’s current supply is over 6.5trn, the burned amount is trivial. Still, it seems to have positively impacted the coin's price.In cryptocurrency, burning is the process of taking a certain amount of tokens out of circulation to increase the value of the existing tokens. This is done by sending the desired amount of tokens to a wallet address that can only receive tokens but not transfer them.

Major crypto exchange Binance CEO Changpeng Zhao (CZ) is among the more notable crypto players that have supported the burning idea, arguing that “forking does not give the new fork any value. That's wishful thinking” - referring to an idea to hardfork Terra to Terra2. "Reducing supply should be done via burn, not fork at an old date, and abandon everyone who tried to rescue the coin," he has previously said.As reported, Do Kwon's latest revival plan suggests forking the network into a new chain without the algorithmic stablecoin terraUSD (UST), whose peg failure led to the entire ecosystem crashing.

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Published at:- Decentralized mixer 'Tornado' goes open source to increase transparency Published at:- Sri Lanka Reiterates Crypto Warning As President Amid Civil Revolt Published at:- California regulator investigates 'multiple' crypto lenders for insufficient disclosure Published at:- Embattled crypto lender 'Celsius' files for bankruptcy Published at:- Rare Cryptopunk NFT Defies Crypto Winter, Sold For 2,500 ETH Published at:- Bitcoin price is nearing the crucial 200-Week SMA as Ethereum rises to $1.5K . touches Published at:- Reserve Bank of Australia chief: Private stablecoins may be better than CBDCs Published at:- Australia Ranked 5th In Global Crypto Rankings Published at:- G-20: Privately issued stablecoins are important but must be regulated Published at:- Bitcoin HODL Activity Suggests the Bottom Could Be In: Glassnode Published at:- Coinbase had no financial exposure to Celsius, Three Arrows Capital, Voyager Published at:- Westpac Makes Its Very First Steps Towards Crypto Published at:- Amazon.eth Domain Owner Ignores $1 Million Bid Published at:- Apcoin pumps nearly 50% upon release of 'The Otherside' Metaverse demo Published at:- Australia's first NFT gallery opens on the Sunshine Coast Published at:- Zipmex exchange halts user withdrawals citing circumstances beyond our control Published at:- Polygon (MATIC) Soars 70% Amid Announcement of New ETH Scalping Solution Published at:- How Blockchain Could Solve Austria's Energy Crisis Published at:- Crypto Market Dips Ahead of Upcoming Fed Meeting Published at:- Bitcoin, Ethereum Technical Analysis: BTC Drops Below $22,000 to Start the Week Published at:- US Regulator Lists 9 Tokens as Unregistered Securities, More Bad Press for Coinbase Published at:- Former Coinbase employee charged in first crypto insider trading case Published at:- Zipmex resumes trade clearance amid rescue talks Published at:- Australian Blockchain Firm Lists 'Security Matters' on Nasdaq in $518 Million Merger Published at:- ‘Cryptojacking’ in Financial Sector Soars 269% in 2022 Published at:- Coinbase stock drops 20% amid regulatory scrutiny over 'unregistered securities' Published at:- Ethereum Tests $1500 Amid Successful Deployment of Tenth 'Shadow Fork' Published at:- Solana in Pole Position to Challenge Ethereum NFT Dominance Published at:- Harmony Community Outraged by Proposal to Repay $100 Million Hack Victims Published at:- Altcoins Including $SOL, AVAX, and $LINK Could Rise Up to 200%, Says Top Crypto Trader Published at:- Barnbridge Price Prediction 2022-2031: Will Bonds Hit $100 Soon? Published at:- Ripple lawyer urges US lawmakers to pass 'sensible' crypto legislation amid SEC Published at:- 3 Ways Blockchain Can Resolve Problems For The Gaming Industry Published at:- How blockchain technology can revolutionize international trade Published at:- Top 10 Cryptocurrency Traders To Follow On Social Media Published at:- Crypto Debt Crisis Continues as Zipmex Files for 'Bankruptcy Protection' Published at:- Australian Asset Manager 'Holan' Launches Several Low Cost Crypto Funds Published at:- European Central Bank bets on CBDC over BTC for cross-border payments Published at:- Michael Sailor Steps Down as CEO of Microstrategy to Focus on Bitcoin Published at:- Fans have spent $2.7 billion in NFTs so far in 2022 Published at:- Metamask users warned of new phishing campaign targeting users Published at:- Aave DAO Approves Creation of Yield-Generating Algorithmic Stablecoin ‘GHO’ Published at:- Solana mobile wallet exploited, millions removed from over 8,000 users Published at:- Aave Proposal Would Cut Off Fantom Amid Security Fears Published at:- Brazilian voting authorities may incorporate blockchain technology in future elections Published at:- Ethereum Co-Founder Vitalik Buterin Downgrades Ethereum PoW Fork, Hopes It 'Doesn't Lead to People Losing Money' Published at:- How PwC Can Help Your Crypto Business? Published at:- First Mover Americas: Bitcoin Slips at End of Strong Week, Huobi Founder in Talks to Sell Majority Stake Published at:- Central Banks can safely invest in Bitcoin with BlackRock’s Bitcoin Private Trust; says DCG Founder Published at:- 6 WAYS TO MAKE MONEY WITH CRYPTOCURRENCY IN 2022 Published at:- What is fiat money? or What are cryptocurrencies? Published at:- Difference Between Fiat Money and Cryptocurrencies Fiat Money? Published at:- First Mover Americas: BTC Dips Below $24K as Ether Holds Strength Published at:- Understanding the Different Types of Cryptocurrency Published at:- How Many Cryptocurrencies Are There? Published at:- What is Ethereum (ETH) and how to work with ethereum ? Published at:- What is Tether and what is the use of Tether Published at:- What is USD Coin USDC and which type of coin is this Published at:- What is Binance Coin BNB and which type of coin is this Published at:- What is Dogecoin DOGE and which type of altcoin is this Published at:- What is Polkadot DOT and how it works Published at:- ASIC pledges to tackle illegal crypto activities Published at:- Aussie Government Prioritises ‘Token Mapping’ for New Regulatory Framework Published at:- XRP SHIB DOGE ADA and Other Cryptocurrencies Just Crashed Published at:- Mastercard and Binance Strike Partnership to Unlock Blockchain Technology Potential Published at:- Bitcoin Ethereum Extend Losses to dollar20 230 and dollar1,500 Published at:- Whale Spends 10000 BTC Worth doollar203M, Bitcoins Stem From the Infamous 2011 Mt Gox Hack Published at:- Flare Network and Lena Instruments launch new crowd funding mechanism Published at:- The Rise of Cryptocurrencies in the Entertainment Industry Published at:- How is cryptocurrency changing the entertainment industry Published at:- Crypto is changing the way people connect to the Internet Published at:- Nigeria Binance in Talks for Digital City to Develop Blockchain Published at:- Bitcoin resists equity market pressure Published at:- Federal prison sentence Bitcoiner warns users involved in OTC trading Published at:- What is the World Blockchain Summit Published at:- Reddit Partners with FTX to Boost Crypto Payments Published at:- Top 8 crypto exchanges that dont require KYC in 2022 Published at:- Bitcoin Ethereum Technical Analysis BTC Above dollar21000 ETH Above dollar1700 Powell Hawkish Published at:- Vespen Energy will use methane to safely mine BTC Published at:- This automobile giant becomes the latest to step foot in the NFT world Published at:- This UK Parliament member wants the country to be a hub for cryptos Published at:- PlanB Believes in the S2F and its Validity Published at:- Fixed interest rates to create DeFi 2point0 for institutions Published at:- Global inflation rises:How stablecoins are helping to protect savings Published at:- DeFi Privacy Protocol Railgun Launches Protected Mobile Wallet App Published at:- Future of Altcoins Published at:- What is Altcoin and understanding the altcoin Published at:- Nasdaq to offer crypto custody for institutional investors Published at:- Binance Elects Former Obama Advisor to New Global Advisory Board Published at:- First Mover Americas: Bitcoin Up 3percent After Wild Ride on Fed Rate Day Published at:- Fear of the unknown holds back tradfi investors from crypto Published at:- Aussie DeFi platform Maple Finance to launch dollar300m lending pool to help Bitcoin miners Published at:- Experts say that Crypto Prices will Nuke if the 100 bps Rate is Announced FOMC Meeting Published at:- Ripple Gains While Bitcoin Remains Below dollar20000 Published at:- Tornado Cash saga left a void says Chainalysis chief scientist Published at:- dollar XRP Whales Keep Accumulating Even as its Price Moves up 47pervent in a Month Published at:- Paraguay President Benitez Rejects Crypto Mining Regulation Published at:- Cardano Records Eighth Consecutive Week with Positive Funds Flow Published at:- Celsius CEO Alex Mashinsky resigns CEL tanks Published at:- A quarter of Australians plan to buy crypto in the next 12 months Published at:- LUNC Trading Volume Falls Double Digits Is Binance Burning Hype Over Published at:- Wells Fargo to Sell Coinbase Stock COIN Plunges by 3percent Immediately Published at:- Australia Issues White Paper for Central Bank Digital Currency Published at:- Nexo labeled address withdraws dollar153M in Wrapped BTC from Make rDAO Published at:- XRP jumps amid court ruling against SEC Bitcoin gains Ether sole loser in crypto top 10 Published at:- Binance Expands Operations To New Zealand Published at:- Bitcoin Price and Ethereum Could Make a Sustained Move Higher Published at:- Celsius CEO Withdrew dollar10 Million Before Company Entered Bankruptcy Published at:- Mastercard to Launch Crypto Secure EU Parliament Voted to Use Blockchain in Taxation Published at:- 9 Best NFT Games to Play in 2022 Published at:- European Council Passes MICA Crypto Regulation A turning point for the crypto landscape Published at:- Brazilian court empowers bank to inspect debtors crypto wallet Published at:- EU Bans Crypto Services for Russians in Ukraine Increase New Sanctions Published at:- Binance Supported BNB Brilliant Chain Stopped Over Expected Extravagant Adventure Token Slides 4percent Published at:- Grayscale Discloses New Bitcoin Mining Centered Speculation Arm Published at:- RMG Week after week Gathering September 30 October 7 Published at:- Industry Goliaths Report Enormous Moves into Blockchain Gaming Published at:- This worldwide computerized resource organization has seen incomes flood Published at:- Examiners Attack Three Bithumb Subsidiaries as Investor Investigation Increases Published at:- FTX Trade to Direct Further Exploration and Work on its Matching Motor Published at:- Blockchaindotcom Wins Singapore Permit Published at:- Crypto monster Coinbase gets Singapore permit Published at:- Crypto Information Science Shop Glove Dispatches Depository The board Framework for DAOs Published at:- UK's FCA Names Binu Paul to Lead Its Computerized Resources Division Published at:- Russian Columnists Activists Started Off Crypto Trades Because of EU Approvals Published at:- Australias ASIC Is Trying to Manage Crypto Published at:- Pick the NFT commercial center OR Set up a wallet and own some crypto Published at:- Adhere to the NFT stages guidelines OR Advancing the NFTs Published at:- Bitcoin fans pitch Satoshi Nakamoto for Nobel Prize in Financial matters Published at:- Cardano DEX and Solana Executioner Aptos Report Significant Cooperation Published at:- Europes advanced bank N26 has uplifting news for crypto merchants Published at:- FTX US Boycotts Tokens That Might Be Characterized As Protections 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Ethereum To Produce Automated revenue Published at:- Web 2point5 is new Web 3point0 says prime supporter of blockchain VC firm Kenetic Capital Published at:- Programmers have taken dollar2point98B through takes advantage of in the crypto business up until this point Published at:- Visa Unloads 5 NFTs for A noble cause in front of FIFA World Cup in Qatar Published at:- Devotion Advanced Resource 2022 institutional financial backers report Published at:- Bitcoin Binance Coin Synthetix and eCash Day to day Value Examinations 2 November Morning Forecast Published at:- Quit Utilizing the Word Stage and Other DeFi Language Annoyances Published at:- EU Defers Decision on MiCA Crypto Regulation Until February Published at:- Why This Crypto Coin Is Riding High Today Published at:- Crypto resource director HashKey gets Singapore's on a basic level permit Published at:- Bitcoin and Ether fall with crypto top 10 as Taken care of raises rates 75 bps Published at:- Saying not monetary counsel would not keep you out of prison Crypto attorneys Published at:- Correspondences Startup Lingo Issues Tech Specs for More brilliant Informing in Crypto Published at:- Mechanization opens up pathway to an improved, more easy to use DeFi Published at:- Bitcoin is currently less unpredictable than S and P 500 and Nasdaq Published at:- BitMex To Send off BMEX Token Exchanging On November 11 Published at:- Wintermute supported DeFi Trade Bebop Currently Live on Ethereum Polygon Published at:- Crypto Has Arranged for Isolated US Government Conservative Ascent Published at:- Sam Bankman Seared Practically All Of His dollar16 Billion Fortune Published at:- LBank Trade Will Rundown Chungdam Sustainable power CREMOA on November 10 2022 Published at:- What is the Merkle tree endorsement that few top CEXs reported distributing as verification that they own assets Published at:- Bitcoin whales think BudBlockz is the best altcoin to hold in your portfolio for 2023 Published at:- Sam Bankman Seareds FTX isn't the Lehman Siblings of crypto Morning Brief Published at:- Aussie crypto ETFs are closing their entryways Published at:- Binance Suspends Solana Blockchain Stores With USDT, USDC Published at:- Binance President Said To Be Keen on Purchasing Beginning of Credits And no difference either way Published at:- Will Bitcoin Value Proceed with its Ruin Before long Published at:- Very rich person Financial backer Bill Ackman Says Crypto Is Digging in for the long haul Published at:- For what reason is the crypto market down today November 2022 update Published at:- The Bahamian Government Pummels New FTX Chief for "Deplorable" Activities Published at:- Aave DeFi Stage Freezes 17 Crypto Markets on Stage Because of Instability Concerns Published at:- Deadmau5 and Hawtin sent off Pixelynx, a Web3 startup Published at:- OpenSea closes 2022 with significant associations and DOLLAR1B in NFT eminences Published at:- The RBI Is Preparing Its Advanced Rupee Published at:- How Some time Before Bitcoin Value Hits Its Base or 3 Likely Situations Published at:- FTX is previous US president is supposedly fund raising for a new crypto startup after the crypto trade breakdown Published at:- Nations Where Bitcoin Is Lawful and Unlawful Published at:- The Starbucks Odyssey Beta program is available to early shortlist individuals Published at:- 6 ventures Binance has joined forces with over the most recent 30 days Published at:- New US bill requests Bitcoin diggers pronounce energy utilization Published at:- Is The XRP Claim Finishing Soon or Top Ripple Legal counselor Makes an appearance Published at:- Bitcoin or crypto top 10 retreat with values on indications of expansion increase in United State Published at:- This Crypto Trade Ends Half Of Its Workers In the midst of Bear Market Published at:- Metamask surveys strategy after backfire or what might clients at any point anticipate now Published at:- Help for financial backers or 3AC pioneers get summons Published at:- What Changes 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Withdrawals Impacted Published at:- Might the US at any point Boycott Crypto because of Public safety Concerns Published at:- Donald Trump is NFT Exchanging Cards Siphon 350percent In Worth Upon Send off Published at:- Elon Musk Vows to Step Down as Head of Twitter Edward Snowden Tosses His Name in the Cap for President Published at:- Bitcoin Binance Coin Helium and Holo Everyday Value Investigations -22 December Published at:- BitKeep reports freezing of programmer reserves moved to different addresses Published at:- Top 10 Image Coins That Could Skyrocket In 2023 Published at:- Five tokens that you should not buy in 2023 Published at:- FTX Claim Says Consumed Clients Should not Need to Remain in Accordance With Different Banks Published at:- Celsius looks for cutoff time expansion for consumed clients claims Published at:- Ethereum extension project Look to reset Pre Alpha organization Published at:- Ethereum exchange volumes taking off however bitcoin is even more famous Published at:- Tech News 5 Things to Be aware in Australia Today Published at:- Indonesia to send off crypto trade in 2023, to be directed as monetary instruments Published at:- Poor Bitcoin Market Liquidity Keeps Crypto Whales Under control Published at:- Swell Goes against SEC is Endeavor to Seal Reports Connected with Synopsis Judgment Published at:- Australian crypto trade Swyftx to end interest yielding item refers to absence of guideline lucidity Published at:- United State summons mutual funds in Binance test Published at:- CoinDCX begins rebuilding specialty units lays off representatives Published at:- Mooners and Shakers Flood sees crypto crush back through dollar900B market cap in practically no time Published at:- DMCC Crypto Center Outperforms 500 part organizations in 2022 Published at:- Meta Experts Organization Crypto Presale Raises dollar200k Simply 5 Days Left to Profit From 42percent Value Climb Published at:- Previous FTX US President Brett Harrison Subtleties aftermath with SBF in Disagreements about Administration Practices Published at:- What Is Crypto Dread And Eagerness File or How Can It Function Published at:- Decentraland MANA Skyrockets 70percent in Multi Week or This Driving Flood Published at:- Why Follow through on Market Cost for Your Bitcoin and Do This All things considered Published at:- Sao Paolo Court Disallowed Binance in Client Withdrawal Related Case Published at:- Thailand Issues New Guidelines on Custodied Digital currencies Published at:- Japan Urges Controllers Overall to Expose Crypto Trades to Bank Level Oversight Published at:- Focal African Republic makes team to draft crypto bill Published at:- CFTC chief inquiries FTX institutional financial backers reasonable level of investment Published at:- Bitcoin is at an unequivocal point in retesting the drawn out obstruction Published at:- Driving Cryptographic money Trades That Have Distributed Verification of Stores Published at:- Number Of New Ethereum Validators Stays Level In front of Shanghai Update Published at:- A great many SHIB Get Scorched as Shiba Inu Rises half in January Published at:- Bitcoin dread and ravenousness file enters 'voracity' zone following 10 months Published at:- Gold versus bitcoin or Which is better and how are they related Published at:- 7 Crypto Expectations for 2023 Published at:- FTX lender list shows aircrafts or noble cause and tech firms trapped in breakdown Published at:- Biden organization inclinations United State congress to seek after crypto guideline Published at:- National Bank of Sri Lanka demands Bitcoin would not fix monetary emergency Published at:- Crypto Whales Accept These Altcoins Will Overwhelm the Crypto World Published at:- Bitcoin grips to dollar23point5K as merchant says BTC indistinguishable from 2020 breakout Published at:- Australia gets serious about crypto tricks helps administrative group Published at:- Now is the right time to possess your digital personality Published at:- The Ascent of Crypto is Kind of Regenerative Money Published at:- There Will Be No Crypto is During the Super Bowl This Year Published at:- Crypto mother contradicts SEC over Kraken's marking boycott Published at:- Bitcoin Cost Amazingly Corresponded to This Stock for quite a long time Published at:- This Week in Coins or Bitcoin and Ethereum See First Seven day stretch of Misfortunes This Year Published at:- MicroStrategy And Coinbase Offers Turns Bullish After US CPI Information Published at:- 3 specialized investigation techniques that assist with affirming winning exchanges Published at:- Here is The reason Ripple Chief Garlinghouse Is Hopeful About What is in store Published at:- Mining made sense of or A Detailed guide on how cryptocurrency mining works Published at:- Bitcoin mining is more terrible for the climate since China prohibited it, a new study says Published at:- An Overview of Ethereum Cryptocurrency Wallets Published at:- What is Binance Coin BNB its Uses or Backing Published at:- Uses for Blockchain in the Money related Organizations Industry Published at:- How Ethereum's Value Execution Affects Financial backers Published at:- SEC is Coinbase Insider Exchanging Case Is Indirect access Rulemaking Exchange Affiliation is President Says Published at:- Understanding the Bitcoin Lightning Network Capacity Published at:- Meme Coins and the Future of Decentralized Finance in 2023 Published at:- The Ultimate Guide to the Best Cardano NFT Projects on the Market Published at:- Bitcoin Adoption on the Ascent or How It Affects the Future of Cryptocurrency Published at:- Bitcoin Mining and Tips for Productive and Economical Mining Practices Published at:- The History and Origins of the Shiba Inu cryptocurrency Published at:- How is Filecoin Tokenomics Works to Incentivize Storage Providers Published at:- The Future of Crypto Exchanges and Predictions and Trends Published at:- The Importance of Ether Liquidity in the Crypto Market Published at:- How Aussie Crypto is Changing the Way We Think About Money Published at:- Who are the Crypto Whales and What Do They Do Published at:- Understanding DAO Treasuries and A Comprehensive Guide Published at:- Best Website for Cryptocurrency News Published at:- Transport Layer Security is a cryptographic and network security Published at:- Distributed Ledger Technology examples Published at:- Distributed Ledger Technology in payment clearing and settlement Published at:- Fiscal decentralization and local finance in developing countries Published at:- Vanguard Bond ETF Ladder Published at:- Top Crypto Mining Companies Published at:- Officials Discussing How Regulate Cryptocurrencies Stablecoins Published at:- Chapter seven Bankruptcy on Credit Report Published at:- Chapter thirteen Bankruptcy Lawyer Published at:- Medical Bankruptcies By State Published at:- Best Altcoins to Invest in two thousand twenty three Published at:- Best Crypto for Long Term Investment Published at:- Paypal Business Account Sign Up Published at:- How to Trading Cryptocurrencies Safely on the FTX Exchange Published at:- Mastering the Art of Margin Trading on FTX Exchange Published at:- Understanding FTX Leveraged Tokens and A Beginner Guide Published at:- Exploring the Causes and Effects of Crypto Com Financial Troubles Published at:- eToro aimed to Unlocking the Potential of Social Trading and Investing Published at:- Unlocking the Power of Blockchain Technology in the Financial World Published at:- Unveiling the Secrets of Successful Cryptocurrency Trading with Bitget Research Published at:- Understanding the Impact of Global Events on Cryptocurrency and nsights from Bitget Research Published at:- The Role of Federal United State Regulators in Ensuring Financial Stability Published at:- The Role of Health Insurance in Preventing Medical Bankruptcies Published at:- Eco Friendly Alternatives to Cryptocurrency or Minimizing Environmental Impact Published at:- The Dark Side of Digital Currency and Environmental Implications Published at:- Understanding the Energy Consumption of Cryptocurrency Transactions Published at:- The Environmental Dilemma or Balancing the Benefits and Costs of Crypto Published at:- How Cryptocurrency is Contributing to Global E Waste Problem Published at:- The Top Canadian Crypto Exchanges and Comparing Fees Security and Features Published at:- From Firecrackers to Crypto or Modernizing Diwali Traditions with Digital Currency Published at:- Diwali Crypto Bonanza or Unveiling Exclusive Offers and Discounts Published at:- Analyzing Historical Trends or What Can We Expect for Bitcoin Value at the New Year Published at:- Solana Blockchain in Winter Sports Industry or Revolutionizing the Game Published at:- Solana vs Other Blockchain Platforms or Why Solana Shines Brighter in Winter Published at:-
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