Blockchain project Terra and its native token LUNA have quickly moved from the sidelines to the forefront of DeFi. With over $1.9 billion in TVL, it’s the fifth largest blockchain project, trailing closely behind Avalanche.With several major fundamental developments underway, LUNA saw its price increase by over 50% in the past week, with industry insiders believing that this is … [Read more...] about Terra (LUNA) is in full expansion with over $1.9 billion in TVL
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Borderless Capital launches half billion dollar fund for Algorand projects
Capital venture firm Borderless Capital has launched a fund worth $500 million to support projects building on the Algorand blockchain. According to a Nov. 30 announcement from the Miami-based company, the Borderless ALGO Fund II will aim to back digital assets powering the “next generation” of decentralized applications (DApps) on Algorand. We are excited to announce the … [Read more...] about Borderless Capital launches half billion dollar fund for Algorand projects
MicroStrategy purchases $414.4 million worth of Bitcoin, with total BTC balance eclipsing $3.5 billion
Michael Saylor, CEO of enterprise data analytics company MicroStrategy, announced Monday via a Twitter post and company filing that the firm purchased an additional 7,002 Bitcoin (BTC), worth approximately $414.4 million, at an average price of $59,187 per coin. MicroStrategy sold 571,001 shares of company stock between Oct. 1 and Nov. 29 at $732.16 apiece, raising a total of … [Read more...] about MicroStrategy purchases $414.4 million worth of Bitcoin, with total BTC balance eclipsing $3.5 billion
El Salvador is building a $1 billion Bitcoin City as pressure on Bukele ramps up
Nayib Bukele, the President of El Salvador, announced that the country will be building a carbon-neutral Bitcoin City. The city will have no property, income, or capital gains taxes, and the massive endeavor will be partly financed by a $1 billion Bitcoin bond issued by Blockstream.And while the move was celebrated in the crypto world, ramping criticism of Bukele’s policies has … [Read more...] about El Salvador is building a $1 billion Bitcoin City as pressure on Bukele ramps up
Crypto.com token (CRO) added $7 billion to its market cap over past week
On November 17, the cryptocurrency exchange Crypto.com and Anschutz Entertainment Group (AEG) shocked the world with a massive $700 million 20-year agreement on the naming rights of the Staples Center in Los Angeles.And now a week after the announcement, the Crypto.com CRO token price has doubled in value from $0.43 on Nov.17 to $0.76 on Nov. 25, according to … [Read more...] about Crypto.com token (CRO) added $7 billion to its market cap over past week