LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves
LFG outlined that it will first loan out $750 million worth of BTC to over-the-counter trading firms to manage the capital and “help protect” UST.
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Last Week [In] Crypto: Crypto Mining Brouhaha, Increasing Adoption Rates, Trouble with Coinbase NFTs, Central Banks Hiking Rates
It was an interesting week for cryptocurrencies with lots of happenings in almost every corner of the ecosystem between May 2 to 8. While keeping up with all the news…
Bitstamp Appoints JB Graftieaux as CEO After Julian Sawyer’s Departure
Bitstamp, Europe’s largest crypto exchange, has appointed former chief compliance officer JB Graftieaux as its new CEO following the departure of Julian Sawyer.
Mining Capital Coin CEO accused of $62M investment fraud scheme
“Capuci operated a fraudulent investment scheme and did not use investors’ funds to mine new cryptocurrency, as promised, but instead diverted the funds to cryptocurrency wallets under his control,” the…
Ethereum Creator Vitalik Buterin Urges Elon Musk To Support ‘Non-Intrusive’ Anti-COVID Tech
Ethereum (CRYPTO: ETH) co-creator Vitalik Buterin has urged Tesla Inc (NASDAQ: TSLA) CEO Elon Musk to support “non-intrusive” anti-COVID technology. What Happened: Buterin tweeted his request to Musk after the…
Crypto Bets: A Wider Array of Altcoins are Being Used
Crypto bets: A report from inside the online gambling industry has shown that more people are starting to use crypto to gamble online, forgoing fiat. And there is a greater…
Why Is Axie Infinity (AXS) Up 10% Today Amid Crypto Crash?
The native cryptocurrency of the Axie Infinity (CRYPTO: AXS) blockchain has gained 10.8% over the last 24 hours. What Happened: According to data from Benzinga Pro, AXS rallied to an…
Ethereum Miner Revenue Surpassed Bitcoin By $224M in April
Bitcoin miners took a back seat in mining profitability during the month of April as Ethereum miners saw $224 million more revenue than Bitcoin miners. April proved to be a…
Launch Pass NFT Lets You Apply for a Place on a Suborbital Rocket
Launch Pass NFT: Just when you thought NFTs were dead, along comes an NFT collection that gives you a fairly realistic chance of going into space. Which is nice work…
Bitcoin whales jumping ship as exchange inflows reach 3-month high
The Bitcoin market appears to be retracing the gains it has made since January as whales may be exiting and selling on centralized exchanges according to Glassnode.