Terraform Labs CEO Do Kwon has set out his plan of action to help the stablecoin TerraUSD (UST) return to its dollar peg.
The post Terraform Labs CEO Do Kwon unveils plan to restore UST peg appeared first on The Block.
Around $100 million of that amount has already been raised, Francesco Filia, CEO of Fasanara Capital, told The Block in an interview.
The post Fasanara Capital is raising $350 million for a new crypto and fintech fund appeared first on The Block.
A Berlin-based startup building a cross-chain, decentralized crypto exchange has raised $10 million from venture capitalists.
The post Chainflip Labs secures $10 million for cross-chain DEX appeared first on The Block.
The prices of Luna (LUNA) and its related stablecoin TerraUSD (UST) are in freefall, straining the entire project.
The post Luna price collapses below $5 as UST slides further from dollar peg appeared first on The Block.
The price of LUNA, the governance token of the Terra blockchain ecosystem, fell sharply on Tuesday.
The post Terra blockchain token LUNA falls below $15 appeared first on The Block.
Napster, once popular in the early 2000s for peer-to-peer audio file sharing, has been acquired by Hivemind and Algorand, the teams announced today.
The post Napster acquired by Hivemind, Algorand at undisclosed price appeared first on The Block.
Quick Take
- The Office of the Comptroller of the Currency levied a consent order against crypto bank Anchorage at the close of last month, criticizing the firm anti-money laundering practices.
- What should other crypto firms take away from the development?
Crypto exchange company Coinbase said it incurred a net loss of $430 million during 2022’s first quarter.
The post Coinbase posts net loss of $430 million for Q1 2022 appeared first on The Block.
Washington, DC’s world of think tanks had been gearing up to address the issue of fiat-backed stablecoins.
The post Washington’s think tanks and wonks turn to stablecoins, CBDCs appeared first on The Block.
Quick Take
- Blockchain privacy is increasingly difficult to achieve amongst heightened KYC and AML regulations.
- Traditional blockchains’ open and public ledgers make it difficult to protect transaction information.
- Protocols use technologies such as Ring Signatures, Trust Execution Environments, and ZK-Proofs to create decentralized privacy-preserving networks.
- This article outlines some of the most popular blockchain technologies implemented by privacy-focused blockchains.
