Take a look at what happened in the world of crypto over the weekend with U.Today’s top four news stories.
LUNC is doomed as it becomes most unprofitable crypto among top 100
According to CoinMarketCap data, Terra Classic, or LUNC, demonstrated the lowest profitability among the top 100 largest cryptocurrencies by market capitalization. During the course of the week, the cryptocurrency lost close to 25% of its value, with the closing days seeing the largest decline. The cause of the decrease was the disclosure of information regarding the burning of LUNC on major cryptocurrency exchange Binance, where the project may have the most liquidity. While many LUNC enthusiasts had expected an implementation of a token-burning tax when a transaction is made with it on Binance, exchange head Changpeng Zhao denied such a decision.
20 Ethereum validators slashed in three hours: reasons
Terence Tsao, seasoned Ethereum developer, tweeted that on Friday, Sept. 23, a total of 20 validators were...
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