Ethereum World News Ethereum & Bitcoin Blockchain News
Luna Foundation Acquires An Additional 37.8k Bitcoin Worth $1.5B, Bringing its Total Holdings to 80,394 BTC
by John P. Njui on May 5, 2022 at 6:04 pm
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
Bitmex’s Arthur Hayes Requests Leniency, No Jail Time for Violating the US Bank Secrecy Act
by John P. Njui on May 5, 2022 at 5:36 pm
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
Lido Finance with $19.1B in TVL, Edges out Curve as the Largest DeFi Protocol
by John P. Njui on May 5, 2022 at 4:28 pm
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
Could LUNA Hitting a New ATH Ignite a BTC and Crypto Bull Run?
by John P. Njui on April 2, 2022 at 4:36 pm
LUNA hit a new all-time high of $113.57 and could ignite a bull run as its foundation keeps buying Bitcoin.
Elon Tweets Video Explaining Everything About Dogecoin
by John P. Njui on April 2, 2022 at 1:39 pm
Elon Musk has tweeted a 2014 Youtube video that explains 'everything about' Dogecoin.
Bitmex’s Hayes: Ethereum Could Rise to $10k and Solana to $200
by John P. Njui on April 2, 2022 at 12:28 pm
The founder and CEO of Bitmex, Arthur Hayes, has predicted that Ethereum could go to $10k and Solana to $200.
Fantom Partners with Gitcoin Grants in $490M Incentive Program
by John P. Njui on March 31, 2022 at 5:33 pm
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,
Zilliqa (ZIL) Gains by 4x in March on Metapolis Metaverse FOMO
by John P. Njui on March 31, 2022 at 3:28 pm
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
EU, US Concerned Russia May Use Crypto to Avoid Sanctions
by John P. Njui on March 4, 2022 at 4:37 pm
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
Pantera Capital CEO: Bitcoin (BTC) Could Hit $115k after Halving
by John P. Njui on May 6, 2020 at 6:41 pm
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