Anchor protocol’s reserves head toward depletion due to lack of borrowing demand
If the trend continues, Terraform Labs would either need to lower the interest rate or inject more of its own money into the UST reserve.
Elon Musk’s Tesla Holds Its $1.3B Bitcoin Position in Q2
Despite its recent concerns about bitcoin's environmental impact, Elon Musk's Tesla hasn't sold any more BTC.
Liquid network block production resumes following transaction processing issues
The Liquid oversight board reported the network's failsafe mode was activated on Oct. 4 as "an unexpected issue occurred causing block signer nodes failing to validate certain parameters against each other."
Crypto Biz: A Futurist take on crypto
Coinbase, Hut 8 and Cointelegraph's attendance at Futurist headline this week's Crypto Biz newsletter.
Union Bank of the Philippines selects Metaco and IBM to facilitate digital asset custody...
UnionBank is currently one of the largest players in the Philippines' banking sector.
Coinbase users can choose to deposit paychecks directly to accounts
Crypto exchange Coinbase will be offering direct deposits for workers wanting to immediately use their paychecks to purchase crypto with no transaction fees.
Arrington Capital Launches $100M Algorand Ecosystem Fund
Mike Arrington’s crypto VC firm, Arrington Capital, is launching a $100 million venture fund for bets on projects building on Algorand.
ConsenSys raises $450M in Series D funding, doubles valuation in four months
ConsenSys will also accelerate the global adoption of Infura, which has over 430,000 developers.
Binance CEO sues Bloomberg subsidiary alleging defamation
Changpeng Zhao has filed a lawsuit against Bloomberg Businessweek’s Hong Kong publisher, alleging defamatory and false statements.
Ledger reportedly seeking additional $100 million in funding
According to a report by Bloomberg, the hardware wallet business is flourishing while exchanges are grappling with liquidity issues.