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Trader doubles down on $10 million bet against Do Kwon through LUNA short position

Trader doubles down on $10 million bet against Do Kwon through LUNA short position

The pseudonymous trader has doubled down on his bet against LUNA by shorting the coin with an additional $10 million.

The post Trader doubles down on $10 million bet against Do Kwon through LUNA short position appeared first on The Block.

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Compound Treasury nabs credit rating from S&P

Compound’s Robert Leshner told The Block that the rating represents “a watershed moment for our industry, and signals that DeFi is an equal peer to traditional financial markets, and ready for institutional capital.”

The post Compound Treasury nabs credit rating from S&P appeared first on The Block.

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Meta to start testing digital collectibles on Instagram

Meta will start testing digital collectibles on Instagram this week, according to chief executive Mark Zuckerberg.

The post Meta to start testing digital collectibles on Instagram appeared first on The Block.

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India mulls a 28% tax for crypto services: CNBC-TV18

The Asian nation is reportedly considering imposing a 28% Goods and Services Tax on all cryptocurrency transactions.

The post India mulls a 28% tax for crypto services: CNBC-TV18 appeared first on The Block.

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Bitstamp appoints new CEO after Julian Sawyer’s sudden departure

Sawyer had updated his LinkedIn profile to “Ex-Chief Executive Officer” a few days ago.

The post Bitstamp appoints new CEO after Julian Sawyer’s sudden departure appeared first on The Block.

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Irene Zhao’s influencer platform SO-COL is raising funds at a $100 million valuation

A startup founded by crypto influencer Irene Zhao is raising new funds at a $100 million valuation in a round led by Blockchain Capital.

The post Irene Zhao’s influencer platform SO-COL is raising funds at a $100 million valuation appeared first on The Block.

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Luna Foundation Guard says it will lend out $1.5 billion in BTC and UST to defend stablecoin peg

The Luna Foundation Guard (LFG) said Monday that it will lend out hundreds of millions of dollars worth of bitcoin and the stablecoin UST in order to defend the latter’s peg amid a period of market volatility.

The post Luna Foundation Guard says it will lend out $1.5 billion in BTC and UST to defend stablecoin peg appeared first on The Block.

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Crypto muggers in London target digital investors by taking phones: report

Criminals are combining muscle with knowhow to part people from their cryptocurrency.

The post Crypto muggers in London target digital investors by taking phones: report appeared first on The Block.

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Instagram to support NFTs from Ethereum, Polygon, Solana, Flow: report

Instagram will not charge users for posting and sharing NFTs.

The post Instagram to support NFTs from Ethereum, Polygon, Solana, Flow: report appeared first on The Block.

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UST stablecoin struggles to maintain $1 parity amid crypto market turbulence

The algorithmic stablecoin UST, which is part of the Terra crypto ecosystem, is struggling to maintain parity with the dollar following a Saturday market event.

The post UST stablecoin struggles to maintain $1 parity amid crypto market turbulence appeared first on The Block.

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