Terra, one of the top 10 cryptocurrency projects by market cap, has reached a UST-related milestone recently. The Luna Foundation Guard (LFG), a nonprofit organization, reported that the protocol had reached the maximum daily issuance of its flagship stablecoin, UST. This is due to high demand that interested parties are showing in minting the asset. Terra UST Issuance Reaches Upper Limit The Terra protocol is experiencing a marked increase in UST issuance numbers. According to the Luna Foundation Guard, an organization designed to support the Terra ecosystem and…
Month: March 2022
Griffin Gaming Partners Raises $750M Fund With Eye on Web 3
“The lines have blurred across gaming, media, sport and social connectivity,” Sanderson said in a press release. “By seeing more than 1,300 qualified investment opportunities a year, we get a bird’s eye view into the industry and what it will take to succeed in the next phase of interactive entertainment across platforms, genres and demographics.” Source
Fantom FTM's Loss Eases as Foundation Soothes Investor Concerns
Fantom ecosystem tokens and value locked on DeFi protocols have dipped in the past 24 hours. Source
Fantom Ecosystem Coins, DeFi Value Locked Plunge After Developer Exit
“While Cronje’s departure from crypto and DeFi is undoubtedly a great loss, the developer has helped build the projects in a way that will allow them to function without him,” Dmitry Mishunin, founder of a DeFi analytics company HashEx, wrote in a Telegram message to CoinDesk. Source
Binance Sets Up Fiat-to-Crypto Payments Provider, Lends to FCA-Regulated Custodian
Cryptocurrency exchange Binance has set up its own fiat-to-crypto payments provider Bifinity to help businesses become “crypto-ready.” Source
Crypto Exchange FTX Sets Up European Unit
Two years after the launch of FTX.US, cryptocurrency exchange has established a European equivalent licensed in Cyprus. Source
Whale Holdings in Cardano’s ADA Token Hit Record High
Whale holdings have increased by over 40% this year. “Following a 70% correction, these addresses have now been accumulating aggressively. This group, as well as those holding over 100M ADA, recorded double-digit growth month over month,” Outumuro said. Source
Brantly Millegan Remains a Director of ENS Foundation After Failed Attempt to Boot Him
Millegan was removed as a steward from the DAO and the True Names Foundation, but remains a director at the ENS Foundation. Source
Bitcoin Resumes Decline, Why BTC Could Revisit $35K
Bitcoin started a fresh decline below $40,000 against the US Dollar. BTC is gaining bearish momentum and could even drop to the $35,000 support. Bitcoin started a fresh decline below the $40,000 and $39,000 levels. The price is trading below $40,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $38,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down towards $35,000 unless it recovers above $39,000. Bitcoin Price Extends Decline…
Singapore’s Lightbulb Capital Balances the 3 Parts of ESG Investing. Will the DeFi World Care?; Bitcoin, Ether Fall
“We don’t take this decision lightly. Mastercard has operated in Russia for more than 25 years. We have nearly 200 colleagues there who make this company so critical to many stakeholders. As we take these steps, we will continue to focus on their safety and well-being, including continuing to provide pay and benefits. When it is appropriate, and if it is permissible under the law, we will use their passion and creativity to work to restore operations.” (Mastercard statement on suspension of services in Russia) … “We are compelled to…