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BUSINESS

After Buying $500 Million Of Bitcoin, What Will Luna Do With It?

Namcios -
Luna has purchased more than 11,700 bitcoin, worth about $520 million, to build a reserve for its stablecoin UST. But what does that mean exactly?
TECHNICAL

Will Tether Migrate To The Bitcoin Blockchain With Advances In The Lightning Network?

Marty Bent -
Bitcoin company, Synonym, has successfully used the Lightning Network to send a Tether transaction, paving the way for stablecoins built on Bitcoin.
MARKETS

Why Bitcoin Is The Only True Stablecoin

Paul Opoku -
Stablecoins seemingly duplicate the problems created by fiat which bitcoin managed to solve.
BUSINESS

Facebook Ignores Bitcoin, Works on NFTs and Stable Coins Instead

Alex Mcshane -
Novi and Diem (Formerly known as Libra) underline the fact that Facebook simply doesn’t understand Bitcoin, and continues to flounder on delivering even its own stablecoin project, or a single NFT.
MARKETS

Soteria To Launch Bitcoin-Backed, USD-Pegged Stablecoin

Peter Chawaga -
Soteria’s forthcoming stablecoin, USDS, is expected to maintain value pegged to the U.S. dollar and be redeemable for bitcoin.
BUSINESS

BlockFi Announces Global Expansion of Its Crypto-Backed Loan Services

Aaron Van Wirdum And Colin Harper -
This expansion will add to its offerings in 46 states of the United States, something that required “quite a bit of work,” according to CEO Zac Prince.
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