Analysis Crypto by Thebittimes.Com

Terra Luna Classic ecosystem has unveiled a comprehensive security upgrade and seen a notable increase in trading activities.  The strategic enhancement is designed to fortify the chain against security vulnerabilities and bolster its resilience. The Terra Luna Classic community has welcomed this initiative, which is evident in the positive market response. Data from CoinMarketCap indicates a notable uptick in the trading activity of LUNC, Terra Classic’s native token. LUNC’s 24-hour trading volumes surged by approximately 6%. Concurrently, the market capitalization of Terra Classic experienced a substantial boost, escalating by over $60 million in the preceding week. The token’s value has also seen a 10% increase within the same period. Hearing from the #LUNC community needs, the JL1TF has carefully crafted a Core security upgrade package to address the security risks, lack of new features originated from legacy components of Terra Classic. Successfully updating these c...

Terra Luna Classic L1TF to Develop Community-Owned Wallet Happy Catty Crypto’s Proposal 11630 “ L1 Team To Build Wallet Infrastructure ” submitted for voting has receiving support from the community. Until now, the proposal has almost 72% “Yes” and 28% “No” votes, with validators such as Happy Catty Crypto, T.MOM, and Classy’s Sphere favoring the proposal. The voting deadline is July 14. advertisement The proposal recommends professor Edward Kim, a trusted figure in the community, to be responsible for the domain and other controls of infrastructure. The Joint L1 Task Force will develop the community-owned wallet free of charge. Costs such as domain registration and hosting can be used from Joint L1 Task Force’s compute budget. As Happy Catty Crypto’s proposal is based on L1TF proposal, the developer team will create a Terra Luna Classic community-owned web version of Station, iOS & Android mob...

After completing the CosmWasm parity upgrade on June 14, the LITF will use a small portion of its budget to set up a USTC test environment for the USTC repeg team. LUNC and USTC prices jumped in the past 24 hours. advertisement Terra Classic Community Approves L1TF to Work on USTC Repeg The Terra Classic community has unanimously passed Proposal 11548 “USTC Test Environment” on June 7. The proposal received 90% votes in favor, while 10% voted to abstain. Surprisingly, the proposal received almost zero “No” and “No with veto” votes. It means the community considers the importance of USTC repeg to revive LUNC and bring back utility to the Terra Classic blockchain. Amongst 47 validators who participated in the voting, 38 voted in favor of the proposal, 9 voted “Abstain”, and no one voted in opposition to the proposal. Allnodes, Orion, Coinpayu, TerraCVita, StakeBin, and other top validators voted “Yes” ...

The community considers the CosmWasm v2.1.0 parity upgrade as LUNC to $1. It is one of the biggest upgrades to bring Terra Classic to parity with other blockchains such as Terra 2.0 and Cosmos. Also, it will bring several Features and functionalities to the chain, including Edward Kim’s AI app chain “ Block Entropy ,” ultimately bringing back utility. advertisement Also Read: Terra Classic Project Burns LUNC For Edward Kim AI Chain “Block Entropy” Testnet Token Terra Classic Developer L1TF Update on CosmWasm Parity Upgrade Last week, Joint L1 Task Force project manager LuncBurnArmy revealed June 14 as the official date of CosmWasm v2.1.0 parity upgrade. The upgrade was initially planned for May 31, but was revised to allow for additional testing as this is a major upgrade. LuncBurnArmy took to Twitter on May 29 to provide status updates on the Parity upgrade. In addition, the developer team plans to include a 5% minimu...

During the early European session, the cryptocurrency market was slightly bearish, with the global crypto market cap falling from $936 billion to $933 billion. Despite a slowdown in the crypto market, leading crypto coins like Bitcoin and Ethereum prices are experiencing choppy sessions.  McGlone and fellow market strategist Jamie Douglas Coutts shared BI's October cryptocurrency forecast. According to the two analysts' predictions, bitcoin and Ethereum will outperform most assets when the economy changes. Biggest Crypto Gainers Today, October 10  Despite the slowdown in the crypto market, a few altcoins have maintained their bullish momentum. Let us take a look. Quant (QNT) Gains 11.66% QNT has been one of the most active coins in the cryptocurrency market over the last five months. Since its June low of $40, the price has produced eleven consecutive non-consecutive bullish weekly candlesticks. Sibos, the largest conference in the world devoted t...

Join Our Telegram channel to stay up to date on breaking news coverage The bear market has pushed the crypto ecosystem to introduce projects that have more uses than flipping in the markets to generate profits. The best cryptos to buy right now are innovative, consider utility, eco-friendly, and set to redefine the ecosystem in various ways. So, what are these crypto projects, and why should you buy them? Let us discuss this,  Best Cryptos to Buy Right Now in October 2022 brought many crypto projects that are a cut above the rest. They all have unique use cases and address the crucial pain points that have irked the crypto ecosystem for a long time.  IMPT – A Eco-friendly Crypto Focusing on Protecting Environment Offsetting carbon footprint has been a big point in preserving the ecosystem. But only a select few can engage with it. Till now, the cost of offsetting carbon footprint has been anything but inclusive. IMPT, or Impact project, is here to change that...