Crypto Flipsider News – Terra to Burn 1.3 Billion UST, Polygon Migrates Terra Projects; ETH Falls to $1.7k; JP Morgan Uses Blockchain for Collateral Settlement; “Bitcoin an Insurance Against Financial Catastrophe”; Tether Launches Peso-Backed Stablecoin

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Continue reading Crypto Flipsider News – Terra to Burn 1.3 Billion UST, Polygon Migrates Terra Projects; ETH Falls to $1.7k; JP Morgan Uses Blockchain for Collateral Settlement; “Bitcoin an Insurance Against Financial Catastrophe”; Tether Launches Peso-Backed Stablecoin at DailyCoin.com.

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Luna Foundation Purchases 5,040 BTC, Terra Reserves Rise to 35,767 Bitcoin

On April 6, onchain data shows the Luna Foundation Guard’s (LFG) bitcoin wallet has added 5,040 bitcoin to its reserves. The added funds were worth roughly $221 million at the time of settlement. LFG managed to purchase the bitcoins while bitcoin lost 3.9% against the U.S. dollar during the last 24 hours. LFG Buys the… More

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Crypto Flipsider News – 90% of Bitcoin Has Been Mined, Binance Withdraws from Singapore, Swiss Minister and India’s PM Hacked, Abu Dhabi’s $243 Billion Crypto Investment, Fractional NFT Markets Surpass $200 Million

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Continue reading Crypto Flipsider News – 90% of Bitcoin Has Been Mined, Binance Withdraws from Singapore, Swiss Minister and India’s PM Hacked, Abu Dhabi’s $243 Billion Crypto Investment, Fractional NFT Markets Surpass $200 Million at DailyCoin.com.

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Report: Genesis Global Cleared to Unload $1.3 Billion in GBTC Shares

Genesis Global Capital has received authorization to offload its stake in Grayscale’s Bitcoin Trust (GBTC), valued at approximately $1.3 billion. Genesis Global Permitted to Liquidate $1.3 Billion in Bitcoin Trust Shares According to Bloomberg, Genesis Global Holdco LLC secured Judge Sean Lane’s approval to liquidate its GBTC investments, currently estimated at $1.3 billion. The request [...]

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Circle CEO ‘able to access’ $3.3B of USDC’s reserves at Silicon Valley Bank

Circle CEO and co-founder, Jeremy Allaire, confirmed that, as of March 13, the stablecoin issuer has been “able to access” its $3.3 billion of funds held with the collapsed bank, Silicon Valley Bank (SVB). Speaking with Bloomberg Markets on March 14, Allaire said that he believed that “if not everything, very close to everything was [...]

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UK, Colombia crypto exchanges linked in TD Bank record fine

TD Bank facilitated more than $1 billion worth of bank transfers from two international crypto platforms, according to FinCEN.

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