Biggest future BTC whale explains why Bitcoin was chosen for 'decentralized F...
Terra co-founder Do Kwon reveals that the firm will be buying Bitcoin "in perpetuity" to back new mints of its UST stablecoin. Bitcoin (BTC) is the collateral asset of choice for the world's biggest decentralized stablecoin, and one of its top executives says there was no other.Speaking to Bloomberg on April 4, Do Kwon, co-founder of Blockchain protocol Terra, pledged to continue buying BTC to back the firm's stablecoin, TerraUSD (UST).Kwon: BTC buys will continue "in perpetuity"Terra has made waves inside and outside the crypto community in recent weeks thanks to its massive Bitcoin....
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As the price of XRP has dipped over the last few days, bearish sentiment once again took hold of the community. However, not everyone seems to have succumbed to this negative sentiment as one whale has chosen this as a perfect time to buy a large number of tokens. Whale Goes On $201 Million Shopping […]
SevenX Ventures is a community and research-driven blockchain investment firm built alongside entrepreneurs. They invest in blockchain startups and projects shaping the future of open finance and decentralized networks. Their portfolio covers more than 100 projects, including DeFi (DODO, Zerion), NFT (Whale, AlchemyNFT), Polkadot ecosystem (Acala, Litentry), AR ecosystem (Koii, Everpay), Near ecosystem (Aurora, Octopus), Web3.0 (YGG, Mask Network), etc. Li Rongbin is a Founding Partner of SevenX Ventures. He recently joined the Bitcoin.com News Podcast to talk about the market:....
Since the beginning of October, XRP has been extremely volatile, which can be attributed to the growing concern regarding the cryptocurrency’s future prospects. This is further accelerated by a recent report by Whale Alerts which shows two whale-sized transactions involving XRP have recently made their way onto cryptocurrency exchanges, prompting investors to ponder the reasons […]
While most of the crypto market seems to have entered panic mode, one Bitcoin whale has gone on an incredible buying spree. The very young whale has only been here for three months but it now boasts one of the largest BTC holdings in the industry. However, the question for now is, while this whale […]
Crypto is not part of every banks’ strategy for the future. HSBC, one of the world’s biggest multinational banks, says they’re not too confident about crypto and thus, will not be offering any service related to it in the future. Noel Quinn, HSBC CEO, says: “I do worry about the sustainability of the valuations of […]