Luna Foundation Guard (LFG), a Singapore-based nonprofit tied to the Terra Luna ecosystem, has raised another $1.5 billion to further expand its already hefty Bitcoin (BTC) reserves. The raise allowed LFG to acquire 37,863 BTC via over-the-counter swaps with broker Genesis Trading and an additional purchase from Three Arrows Capital, a leading crypto venture capital firm. The specific breakdown of…
If you’ve ever had to search for a gig ticket at the last minute, or had to sell your own one on, you know the drill: go to the gig’s Facebook event page and try to find a buyer or seller, or turn to the ticket issuer’s own resale platform. It’s a painful process; the ticketing industry is rife with…
Tauros has become the first Lightning-enabled bitcoin exchange in Mexico. The Lightning Network functionality was achieved through a partnership with IBEX Mercado, a Lightning infrastructure company. Tauros users will be able to interact with Lightning-enabled POS systems directly from their wallets with almost instant settlement and low fees. Tauros has become the first Lightning-enabled bitcoin exchange in Mexico thanks to…
We’re thrilled to announce that Kraken now supports Fetch.ai (FET) and THORchain (RUNE)! Funding and Trading Funding is live, and trading will begin on May 6 at approximately 14:30 UTC. Keep an eye on the status page for updates. You can add these tokens to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Deposits are…
On Wednesday, the leading crypto industry firm, Bitcoin.com, announced it has concluded a private sale of its VERSE token and secured $33,600,000 from strategic investors. VERSE is meant to bolster Bitcoin.com’s growing infrastructure by providing a utility token that rewards users for contributing to the Bitcoin.com ecosystem. Bitcoin.com’s Private Token Sale Raises $33.6 Million This week, Bitcoin.com revealed that it…
Avalanche (AVAX) has rebounded strongly five days after testing a key inflection area as its support. Now, the AVAX/USD pair faces the possibility of continuing its upside retracement move further into Q2. A 30%-plus move ahead? AVAX’s price surged to almost $69.50 on May 5 from nearly $55 on April 30, a 25% jump. Interestingly, AVAX’s rebound move surfaced inside…
In brief Initial reports that Galaxy’s purchase of BitGo was worth $1.2 billion overlooked an important factor. The purchase price appears to include BitGo’s BTC and ETH holdings. One year ago, crypto giant Galaxy Digital announced it would acquire BitGo, a firm best known for storing customers’ Bitcoins, for $1.2 billion in cash and stock. The Wall Street Journal described…
Luxury fashion-house Gucci announced it would begin accepting bitcoin in physical stores. The feature rollout is a pilot beginning in five U.S. locations with plans to extend it to all stores in North America directly owned by the company. It is unclear whether Gucci will automatically convert payments received in cryptocurrencies to fiat currency like the U.S. dollar. Gucci is…
In an attempt to bring the fashion industry into new innovations and trends, many brands are entering the cryptoverse to test out the waters. Fortunately, the crypto industry has its arms wide open, ready to accept the fashion world and grow. One fashion designer who has recently started dipping his toes in the crypto world is Philipp Plein. He participated…
Solana (SOL) and Moonbirds came to the rescue of the bearish nonfungible token market after a six-week cooldown phase. According to the monthly DappRadar report, the NFT market recorded a multi-month trading volume high of $6.5 billion, surging by 23% from March, breaching the $6 billion mark only for the third time in its history. Source: DappRadar Moonbirds contributed half…
