Terraform Labs Donates 10 Million LUNA to LFG
Terraform Labs has donated 10 million LUNA — worth roughly $880 million — to the Luna Foundation Guard (LFG). The Luna Foundation Guard has billions in its treasury and holds…
Popular Japanese Messaging App Line Debuts NFT Marketplace
Popular Japanese social messaging app Line has launched its own NFT marketplace Users will be able to access NFTs via the Line BITMAX wallet, which can be connected to their…
Blackrock Is Reportedly Studying Cryptocurrencies as Client Interest Increases
Quick take: Blackrock Inc. is reportedly studying cryptocurrencies as the firm continues to see increased interest from its clients According to Blackrock’s CEO, the war in Ukraine could accelerate the…
Ethereum’s Merge Won’t Happen in June, But Devs are in the Final Chapter of PoW
Quick take: Ethereum core developer Tim Beiko has confirmed that the Ethereum merge will not happen in June as anticipated Tim Beiko believes it will come ‘in the few months…
Tether Reveals Plans to Shrink Short-term Debts in USDT Reserves Below 30%
USDT stablecoin issuer Tether has disclosed a strategy geared towards cutting down on the company’s commercial debts The move could aid in quelling doubts pertaining to the firm’s transparency Tether’s…
Nexo Unveils Credit Card Backed By Crypto Collateral
Virtual asset service provider Nexo has launched a crypto-backed credit card service It allows users to spend money and make payments while leveraging their cryptocurrencies as collateral The feature is…
The Metaverse Land Bid Event For $Shib Token Officially Launches Today
Shib: The Metaverse has officially initiated its early access land bid event. The users will now be able to compete and place bids on Shib: The Metaverse land plots to…
Is the SEC Hurting Americans Who Invest in Crypto?
Celsius Network posted an update saying that new deposits would not receive interest. However, accredited investors would still receive interest on deposits. Other platforms like BlockFi and Nexo have also…
Ethereum’s Merge Is So Close As First Mainnet Shadow Fork Goes Live
On Monday, April 11, Ethereum developers conducted the first Proof-of-Stake test on the Ethereum blockchain. This deployment was named “mainnet shadow fork” by Ethereum developer Marius van der Wijden. The…
Ethereum’s Shadow Fork Test Successful Ahead of Proof of Stake Upgrade (The Merge)
Ethereum’s latest upgrade from a proof-of-work network to a proof-of-stake blockchain passed a key test phase The process dubbed The Merge was successfully trialed on a private mainnet staging area…
Ethereum’s Virgil Griffith To Serve 63 Months in Prison for Unsanctioned Visit to N. Korea
Summary: Ethereum developer Virgil Griffith will serve 63 months in federal prison for visiting North Korea without the permission of the US Government Griffith also has to pay a $100,00…
MicroStrategy CEO: Inflation is Worse Than You Think, Bitcoin is Better Than you Know
Quick take: Microstrategy CEO has warned that inflation might be worse than we think and that Bitcoin is better than we know Michael Saylor’s comments come after CPI data for…
USDC Issuer Circle Announces $400 Million Investment Backed By BlackRock
Stablecoin issuer company Circle has reached a huge capital investment agreement with the world’s largest asset management firm The deal is worth a staggering $400 million and could help to…
Coinbase Reveals 50 Assets for Listing, Crypto Community Is Not Impressed
Coinbase has revealed 50 assets that are being considered for listing. Forty five of the assets belong to Ethereum and five to Solana. Coinbase also stated that it would be…
Shiba Inu Gains Over 20% as Robinhood Lists Memecoin and Three Other Tokens
Virtual asset exchange platform Robinhood has onboarded four new cryptocurrencies on Tuesday Reports say that Shiba Inu is among the tokens added Compound’s COMP, Polygon’s MATIC, and Solana’s SOL have…