Luna Foundation Acquires An Additional 37.8k Bitcoin Worth $1.5B, Bringing its Total Holdings to 80,394 BTC
Ethereum World News | Bitcoin & Ethereum Blockchain News
by John P. Njui
2y ago
Summary: The Luna Foundation Guard has bought an additional 37,863 Bitcoin worth $1.5 billion The purchase is in line with Do Kwon’s goal of backing UST with digital asset reserves worth $10 billion The Luna Foundation Guard now holds 80,394 BTC The Luna Foundation Guard has acquired an additional 37,863 Bitcoin worth $1.5 billion to further back its popular stablecoin of UST. The recent purchase of Bitcoin was carried out in two transactions: $1 billion with Genesis Trading and $500 million worth of Bitcoin through 3 Arrows Capital (3AC). With this purchase, the Luna Foundation Guard now h ..read more
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Bitmex’s Arthur Hayes Requests Leniency, No Jail Time for Violating the US Bank Secrecy Act
Ethereum World News | Bitcoin & Ethereum Blockchain News
by John P. Njui
2y ago
Quick take: Bitmex’s founder and former CEO, Arthur Hayes, has requested leniency from the judge handling his court case Mr. Hayes is requesting no jail time and permission to live abroad and travel freely His lawyers have also asked for probation with no home detention or community confinement Arthur Hayes had struck a plea deal that would result in a prison sentence of 6 to 12 months The founder of Bitmex and former CEO, Arthur Hayes, is requesting leniency from the Manhattan Federal Judge handling his court case. According to Bloomberg, Mr. Hayes, who pleaded guilty to violating the Bank ..read more
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Lido Finance with $19.1B in TVL, Edges out Curve as the Largest DeFi Protocol
Ethereum World News | Bitcoin & Ethereum Blockchain News
by John P. Njui
2y ago
Summary: Lido Finance has surpassed Curve finance to become the largest DeFi protocol in terms of total value locked Approximately $19.1 billion is locked on Lido Finance compared to Curve’s $19 billion Lido Finance is available on the blockchain networks of Ethereum, Solana, Terra, Kusama, and Polygon. Earlier today, Lido Finance became the largest DeFi protocol in terms of total value locked, edging out Curve Finance from the top spot in the process. At the time of writing, the total value locked on Lido Finance stands at $19.1 billion compared to Curve’s $19 billion. Anchor comes in thir ..read more
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Could LUNA Hitting a New ATH Ignite a BTC and Crypto Bull Run?
Ethereum World News | Bitcoin & Ethereum Blockchain News
by John P. Njui
2y ago
Terra (LUNA) has hit a new all-time high of $115.23 The LUNA Foundation is determined to keep buying Bitcoin Terra’s founder wants to increase LUNA’s Bitcoin reserves to $10 Billion and to be the single largest holder of Bitcoin after Satoshi LUNA and the purchases of the Foundation could ignite a Bitcoin and crypto-wide bull run The digital asset of Terra (LUNA) has hit a new all-time high of $115.23. The milestone was hit a few moments ago with the digital asset looking ready to keep on pushing higher as seen in the daily LUNA/USDT chart. LUNA/USDT daily chart From the daily LUNA/USDT cha ..read more
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Elon Tweets Video Explaining Everything About Dogecoin
Ethereum World News | Bitcoin & Ethereum Blockchain News
by John P. Njui
2y ago
Elon Musk has Tweeted a Youtube video that ‘explains everything’ about Dogecoin Elon’s was responding to a Tweet by the Director of Research at Ark Invest, Brett Winton Winton’s tweet featured a conversation in which he was trying to explain Bitcoin to his mum The 2014 Youtube video posted by Elon, summarizes the genesis of Dogecoin Elon Musk, the entrepreneur and business magnate known for his work at Tesla, Space X, the Boring Company, Neuarlink and OpenAI, has shared a Youtube video on Twitter that ‘explains everything’ about the popular meme-coin of Dogecoin (DOGE). Elon’s was respondin ..read more
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Bitmex’s Hayes: Ethereum Could Rise to $10k and Solana to $200
Ethereum World News | Bitcoin & Ethereum Blockchain News
by John P. Njui
2y ago
Arthur Hayes has predicted that Ethereum could go to $10,000 and Solana to $200 According to Hayes, Ethereum’s rewards in a PoS network makes ETH a bond Stakers on ETH2.0 could see 8 – 11.5% APR Solana has the 2nd highest addresses after Ethereum and the price of SOL will benefit from this Arthur Hayes offers a disclaimer that his opinion should not be viewed as financial advice The founder and former CEO of Bitmex, Arthur Hayes, has penned a new blog post in which he gives a $10,000 price prediction for Ethereum and a $200 price prediction for Solana. However, Hayes did not provide a preci ..read more
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Fantom Partners with Gitcoin Grants in $490M Incentive Program
Ethereum World News | Bitcoin & Ethereum Blockchain News
by John P. Njui
2y ago
Fantom and Gitcoin Grants have announced an incentive program partnership 335M Fantom (FTM) has been dedicated to the incentive program This translates to roughly $490 million Fantom users will determine the reward allocations and FTM will be allocated to the most loved and supported projects The team at Fantom (FTM) has announced a partnership with Gitcoin Grants that will revolve around an incentive program to fund projects in the Fantom ecosystem. According to the team at Fantom, 335 million FTM, worth roughly $490 million, has been dedicated to the incentive program. Gitcoin grants has ..read more
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Zilliqa (ZIL) Gains by 4x in March on Metapolis Metaverse FOMO
Ethereum World News | Bitcoin & Ethereum Blockchain News
by John P. Njui
2y ago
Zilliqa’s price has risen by almost 400% in the month of March The price increment is hinged on the anticipated launch of its Metapolis Metaverse Metapolis will be launched on the 2nd of April during a VIP event in Miami, Florida ZIL could undergo a pull-back after the launch of Metapolis The popular Ethereum competitor of Zilliqa has had an eventful month of March in terms of project developments, and price movement of its native digital asset of ZIL. Zilliqa Gains by 400% in the month of March To begin with, the digital asset of Zilliqa has had a meteoritic rise this month gaining value b ..read more
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EU, US Concerned Russia May Use Crypto to Avoid Sanctions
Ethereum World News | Bitcoin & Ethereum Blockchain News
by John P. Njui
2y ago
Quick take: Officials in the EU and US have expressed concerns that Russia might use cryptocurrencies to evade sanctions The EU is taking all measures to guarantee that digital assets will not be an alternative for Russia amidst sanctions US Senators have asked Treasury officials, how they are overseeing digital assets in the wake of sanctions against Russia Lawmakers and officials in the European Union and the United States, have expressed growing concern that Russia may use cryptocurrencies to circumvent sanctions meant to pressure President Putin into retreating from Ukraine. The Finance ..read more
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Pantera Capital CEO: Bitcoin (BTC) Could Hit $115k after Halving
Ethereum World News | Bitcoin & Ethereum Blockchain News
by John P. Njui
3y ago
Quick take: Bitcoin (BTC) has once again reclaimed $9,000 with 5 days until halving.  Pantera Capital’s CEO, Dan Morehead, sees a scenario where BTC hits $115,212 by August 2021.  His analysis is based on the change in the stock-to-flow ratio across each halving.  The hype and excitement surrounding the Bitcoin halving event is once again evident in the current price of BTC. At the time of writing this, Bitcoin has just broken both the $9,000 and $9,100 resistance levels and is trading at $9,261 with 5 days until halving. A brief analysis of the BTC/USDT 6-hour chart reveals ..read more
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