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FTX Digital Markets chief recaps the Crypto Bahamas conference

FTX Digital Markets chief recaps the Crypto Bahamas conference

In this episode of The Scoop, FTX Digital Markets Co-CEO Ryan Salame recounts the highlights from the recent Crypto Bahamas conference, and explains why regulatory clarity in the Bahamas is attracting crypto companies from around the world.

The post FTX Digital Markets chief recaps the Crypto Bahamas conference appeared first on The Block.

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Elon Musk says Twitter purchase is “on hold” pending details on fake accounts

The billionaire Tesla CEO announced the news in a tweet on Friday.

The post Elon Musk says Twitter purchase is “on hold” pending details on fake accounts appeared first on The Block.

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Luna supply soared to 6.5 trillion coins before Terra’s latest halt

Luna’s supply increased by nearly 17,000 times in just three days as its mechanism led to a vicious cycle of higher supply and lower prices.

The post Luna supply soared to 6.5 trillion coins before Terra’s latest halt appeared first on The Block.

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Core Scientific reports Q1 net loss of $466.2 million and conservative approach to growth

CEO Mike Levitt says the company is well positioned to meet its growth objectives.

The post Core Scientific reports Q1 net loss of $466.2 million and conservative approach to growth appeared first on The Block.

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Terra says it has halted blockchain for second time in 24 hours

With its native token LUNA and stablecoin UST in freefall, Terra has halted its blockchain for the second time in quick succession.

The post Terra says it has halted blockchain for second time in 24 hours appeared first on The Block.

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Hedge fund Arca says it’s solvent despite blowup rumors

“The company remains fully solvent,” a spokesman said.

The post Hedge fund Arca says it’s solvent despite blowup rumors appeared first on The Block.

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Luna token price craters below $0.0001 as circulating supply soars above 400 billion

The circulating supply of Luna has risen dramatically while the price of the Terra native asset has plunged.

The post Luna token price craters below $0.0001 as circulating supply soars above 400 billion appeared first on The Block.

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Bitcoin mining stock report: Thursday, May 12

Here is a look at how crypto mining companies fared in the markets on Thursday, May 12.

The post Bitcoin mining stock report: Thursday, May 12 appeared first on The Block.

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SBF takes a 7.6% stake in Robinhood

Shares in Robinhood Markets (HOOD) rose as much as 28% in after-hours trading as a 13D filing revealed that Sam Bankman-Fried (SBF) had taken a 7.6% stake.

The post SBF takes a 7.6% stake in Robinhood appeared first on The Block.

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Layer by Layer Issue 30: Terra

Quick Take

  • In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
  • The Terra protocol has undergone a collapse of epic proportions with the depegging of Terra USD (UST) from the U.S. dollar and a dramatic decline in the price of LUNA
  • This week, we take a look at the fall of one of the most prominent L1 protocols in crypto and the impact to its ecosystem thus far 

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