Twitter is launching a dedicated cryptocurrency team in its latest push to embrace digital assets and decentralized applications. The new team will be led by Tess Rinearson and will “set the strategy for the future of crypto at (and on) Twitter.”
The Terra community has approved a popular proposal to burn around 88.7 million LUNA, worth roughly $4.5 billion, and mint about 4 to 5 million terraUSD (UST) stablecoins. The burn will permanently remove the LUNA tokens from circulation.
The U.S. Securities and Exchange Commission (SEC) has stopped Wyoming-based decentralized autonomous organization (DAO), CryptoFed, from registering its two tokens Locke and Ducat over alleged “misleading” information on an SEC filing.
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Top stories in the Crypto Roundup today:
- Twitter Sets Up Dedicated Crypto Team
- Terra Community Approves Proposal to Burn 88 Million LUNA
- SEC Stops First Legal DAO’s Token Registrations
- Chart of the Week: ETH Mining Pool Distribution
- Sponsored: $INU Token - An Alternative to Shiba INU With a Versatile Ecosystem