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Onchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini

After the collapse of Terra’s once-stable coin terrausd (UST), a number of people wondered where the Luna Foundation Guard’s (LFG) bitcoin went, as the funds were supposed to be used…

Continue ReadingOnchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini

Trust in Decentralized Finance Rattled After $100 Billion Left the Defi Economy

The effect of Terra’s demise continues to shine a light on the fragility surrounding the decentralized finance (defi) ecosystem. Things have changed a great deal following Terra’s aftermath, as the…

Continue ReadingTrust in Decentralized Finance Rattled After $100 Billion Left the Defi Economy

Terra’s Big Backers, Shanghai Court Declares Bitcoin Property, BTC Obituaries, and Triple Top Hopes — Bitcoin.com News Week in Review

With the nightmare nosedive of Terra’s LUNA and UST, the Shanghai High People’s Court declaring that bitcoin is virtual property protected by Chinese law, a surge in Bitcoin Obituaries, and…

Continue ReadingTerra’s Big Backers, Shanghai Court Declares Bitcoin Property, BTC Obituaries, and Triple Top Hopes — Bitcoin.com News Week in Review

$1.9T wipeout in crypto risks spilling over to stocks, bonds — stablecoin Tether in focus

The dangers posed by stablecoins to the traditional market cannot be dismissed due to Tether's exposure to the U.S. credit system.

Continue Reading$1.9T wipeout in crypto risks spilling over to stocks, bonds — stablecoin Tether in focus

Lido Deploys Additional Curve Pool to Improve Liquidity Around Bonded ETH Peg

On Friday, the value locked in decentralized finance (defi) protocols dropped to a low of $110.35 billion after there was more than $200 billion total value locked (TVL) eight days…

Continue ReadingLido Deploys Additional Curve Pool to Improve Liquidity Around Bonded ETH Peg