Key Takeaways The Luna Foundation Guard will loan $750 million worth of Bitcoin and 750 million UST to market makers to help stabilize UST. It comes after UST lost its peg early Sunday due to intense market conditions. Several key industry figures have warned that the move could lead to...
Key Takeaways Terra’s Luna Foundation Guard has bought more than 37,000 more Bitcoin. The value of Terra’s UST stablecoin is backed in part by its Bitcoin reserves. Terraform Labs’ CEO Do Kwon has been clear that he wants to see UST dominate the stablecoin market. Share this article The Luna...
The acquisition is worth a whopping $1.5 billion, making it one of the largest in the sector that did not involve a special purpose acquisition company (SPAC). Crypto mergers and acquisitions have surged over the past year, and there has been $1.25 billion worth of deals done in the first...
Payments FinTech Bolt Financial is buying crypto startup Wyre Payments in a deal worth reportedly worth around $1.5 billion. “By joining forces, Bolt and Wyre will build commerce solutions for mainstream, secure cryptocurrency usage for millions of shoppers, retailers, and developers,” the companies said in a news release Thursday (April 7)....
Blockchain payments infrastructure “will become a core part of the new financial system,” Architect Partners associate says “We want to allow every retailer to transact easily in cryptocurrency,” Wyre CEO Ioannis Giannaros said Shopper network company Bolt is set to acquire cryptocurrency infrastructure provider Wyre. The combined company will seek...
