Today, new developments have emerged for 4 altcoin projects. As it is known, news is of great importance in crypto money projects. The latest developments in the ecosystem of cryptocurrencies can affect prices, as well as providing investors with information about projects and their potential. Here are the details…
Kohlberg Kravis Roberts (KKR) partners with popular altcoin AVAX
Asset investment management firm Kohlberg Kravis has chosen the Avalanche (AVAX) network for its private investment vehicles. KKR opened the Health Services Fund for investment. Investors had the chance to benefit from KKR’s health care fund through a tokenized fund on the Avalanche network. It is worth noting that this fund was issued by Securitize.
Cloudflare offers support for Ethereum merge
Content delivery network and DDOS protection firm Cloudflare announced support for Ethereum Merge and support for Sepolia and Goerli testnets on Ethereum gateways. Internet infrastructure giant Cloudflare support for consolidation is crucial as it allows users and devices to access the Ethereum network. As we have also announced as Kriptokoin.com, Cloudflare is the largest internet infrastructure company with 80% market share. Most crypto platforms depend on Cloudflare to connect to the internet, including FTX, KuCoin, Kraken, Coinbase, WazirX, eToro, CoinMarketCap, Coinecko, Nexo, and others.
Cloudflare announced support for Ethereum Merge on the Ethereum network on September 13. Additionally, Cloudflare’s Ethereum gateway will now support Sepolia and Goerli testnets. Users can use Merge testnets to test and develop decentralized applications (DApps). In addition, Cloudflare also announced the retirement of the Rinkeby tool, which is operated to support the Ethereum ecosystem. Support for the Rinkeby testnet will end on January 15, 2023, according to the time set by the Ethereum Foundation.
Bitrue will support Terra Classic tax burning
The 1.2 percent tax burning practice for transactions involving Terra Luna Classic (LUNC) tokens continued to receive support from popular centralized cryptocurrency exchanges. Singapore-based cryptocurrency trading platform Bitrue has become the latest exchange to support LUNC’s 1.2 percent tax burn. The exchange announced this in a blog post today, noting that it will impose a 1.2 percent tax burn on all classic Terra ecosystem tokens, including LUNC, USTC, MINE, ANC, STT, ORION, and C2X. According to Bitrue, the 1.2 percent tax cut will only be applied to all on-chain transactions involving listed cryptocurrencies. The long-awaited 1.2% tax burn will be implemented on the Terra Classic network on September 20, 2022.
Recent developments for Ripple behind altcoin XRP
Finally, the SEC and Ripple case entered a crucial stage as the parties petitioned for a summary judgment. The lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple entered the summary judgment stages as the parties began to petition for summary judgment. According to defense attorney James K. Filan, the parties filed their petitions for summary judgment yesterday. Leading blockchain firm Ripple and individual defendants – Chris Larsen and Brad Garlinghouse – not only filed for summary judgment, but also submitted a memorandum of law to support the summary judgment.
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