The Luna Foundation Guard has held talks with large investors with the aim of raising over $1 billion to shore up UST amid weakening sentiment in the crypto market.
The post Luna Foundation Guard seeks more than $1 billion to shore up UST stablecoin: sources appeared first on The Block.
Visa’s global head of fintech and crypto, Terry Angelos, is leaving the financial services company to take over as CEO of mobile trading tech company DriveWealth.
The post Visa’s global head of fintech and crypto leaves to take CEO role at DriveWealth appeared first on The Block.
Highlight, which lets creators design and mint NFTs and create a community around them, has raised $11 million in funding.
The post Haun Ventures leads $11 million round for web3 community platform Highlight appeared first on The Block.
The Beanstalk DAO is using a debt capital raise to bring the stablecoin back to life following a large hack in April.
The post Hacked stablecoin Beanstalk seeks to borrow $77 million to revive itself appeared first on The Block.
Co:Create, a crypto startup building an infrastructure protocol for NFT projects, has raised $25 million in a seed round led by a16z.
The post A16z leads $25 million seed round for NFT infrastructure startup Co:Create appeared first on The Block.
Flow’s new ecosystem fund will spur the development of applications on the NFT-focused blockchain.
The post Dapper Labs unveils $725 million ecosystem fund for Flow blockchain appeared first on The Block.
“A stablecoin known as TerraUSD experienced a run and declined in value. I think that this simply illustrates that this is a rapidly growing product and there are rapidly growing risks,” said Secretary Yellen.
The post US Treasury Secretary Yellen points to UST slip, asks for new stablecoin legislation by the end of 2022 appeared first on The Block.
The US-based company, which specialises in building self-custody wallets, has also announced a new API.
The post Bitcoin self-custody company Casa raises $21 million in Series A, launches new API appeared first on The Block.
The co-founder of defunct crypto exchange Quadriga took advantage of the stablecoin’s dip.
The post Quadriga co-founder Michael Patryn trades UST crash for $760,000 gain appeared first on The Block.
The algorithmic stablecoin had dropped as low as $0.61 overnight amid weakening sentiment in the broader crypto market.
The post UST stablecoin regains some ground as crypto sentiment improves appeared first on The Block.
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