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Luna Foundation Guard buys additional $1.5 billion in bitcoin backing for UST

Luna Foundation Guard buys additional $1.5 billion in bitcoin backing for UST

The Luna Foundation Guard now holds $3 billion worth of bitcoin as reserve backing for the TerraUsD (UST) stablecoin.

The post Luna Foundation Guard buys additional $1.5 billion in bitcoin backing for UST appeared first on The Block.

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Coinbase stock price falls more than 11% amid broader market rout

The stock price for the publicly traded crypto exchange Coinbase is down nearly 12% on Thursday amid a broader tumble in US equities.

The post Coinbase stock price falls more than 11% amid broader market rout appeared first on The Block.

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Congress schedules hearing on FTX’s proposal for disintermediation

The House Agriculture Committee will scrutinize FTX’s proposal next week.

The post Congress schedules hearing on FTX’s proposal for disintermediation appeared first on The Block.

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Argo’s Texas ‘flagship’ bitcoin mining facility has been energized

Mining operations are expected to start next week at Argo’s new facility in Texas.

The post Argo’s Texas ‘flagship’ bitcoin mining facility has been energized appeared first on The Block.

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Layer-2 Scaling Solutions: A Framework for Comparison – Commissioned by Polygon

Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.

The post Layer-2 Scaling Solutions: A Framework for Comparison – Commissioned by Polygon appeared first on The Block.

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Lido Finance overtakes Curve to become the biggest DeFi protocol by TVL

After today, Lido’s smart contracts hold more assets than the top decentralized exchange Curve Finance.

The post Lido Finance overtakes Curve to become the biggest DeFi protocol by TVL appeared first on The Block.

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Blockchain gaming startup InfiniGods raises $9 million in round led by Pantera

The startup plans to use the funding to launch three games in 2022 that include NFTs with in-game utility and developing a governance token. 

The post Blockchain gaming startup InfiniGods raises $9 million in round led by Pantera appeared first on The Block.

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The crypto industry mobilizes in New York over mining moratorium

It is the first time that the crypto industry has flexed its growing lobbying might at the US state level.

The post The crypto industry mobilizes in New York over mining moratorium appeared first on The Block.

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Tron’s new algorithmic stablecoin USDD goes live

Tron’s new algorithmic stablecoin USDD has officially gone live on the blockchain.  

The post Tron’s new algorithmic stablecoin USDD goes live appeared first on The Block.

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Bitcoin.com raises $33.6 million in private token sale

The crypto exchange and wallet company says a public token sale will take place in June.

The post Bitcoin.com raises $33.6 million in private token sale appeared first on The Block.

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