Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity

As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times. Two days ago on May 7, 2022, UST dipped down to $0.985 per unit against tether (USDT), and the stablecoin’s price drop invoked a great deal of speculation concerning UST losing […]

Go to Source

Powered by WPeMatico

Luna Foundation Acquires $1.4 Billion in Bitcoin, Decentralized Reserve Stash Rises to 80,394 BTC

Luna Foundation Acquires $1.4 Billion in Bitcoin, Decentralized Reserve Stash Rises to 80,394 BTCAccording to a report published on Thursday, the Luna Foundation Guard (LFG) explained that it acquired 37,863 bitcoin worth more than $1.4 billion through two over-the-counter deals. The LFG now holds 80,394 bitcoin in its reserves currently worth just under $3 billion using today’s exchange rates. Luna Foundation Guard Scoops up 37,863 Bitcoin On May […]

Go to Source

Powered by WPeMatico

Goldman Sachs Executes Bank’s First OTC Crypto Transaction Trading a Bitcoin Non-Deliverable Option

Goldman Sachs Executes Bank's First OTC Crypto Transaction Trading a Bitcoin Non-Deliverable OptionOn Monday, the multinational investment bank and financial services company Goldman Sachs disclosed it has conducted an over-the-counter (OTC) crypto transaction with the digital currency firm Galaxy Digital. Following the OTC settlement, the head of digital assets for Goldman Sachs’ Asia Pacific unit, Max Minton, said the firm was pleased to have executed the bank’s […]

Go to Source

Powered by WPeMatico

Localbitcoins P2P Exchange Launches Mobile App for Android

Localbitcoins P2P Exchange Launches Mobile App for AndroidPeer-to-peer cryptocurrency marketplace Localbitcoins has announced the launch of a new mobile application for its global user base. The software is designed for devices running on Android. The app has been released in response to a growing number of mobile traders. P2P Crypto Market Localbitcoins Offers Users Android App Popular P2P crypto exchange Localbitcoins has […]

Go to Source

Powered by WPeMatico

Analysts Discuss Bitcoin Over-the-Counter Desks Bubbling With BTC Demand

Analysts Discuss Bitcoin Over-the-Counter Desks Bubbling With BTC DemandDigital currency markets have been gathering gains again moving past the lows seen a few weeks ago. This week crypto traders have been discussing over-the-counter (OTC) desks bubbling with demand for bitcoin as the co-founder of 21st Paradigm explained, “high net worth individuals [and] institutions want your bitcoin.” Analyst Says Big Market Players ‘Want Your […]

Go to Source

Powered by WPeMatico

Bitcoin Cash and Litecoin Trusts from Grayscale Investments Begin Trading

Bitcoin Cash and Litecoin Trusts from Grayscale Investments Begin TradingGrayscale Investments’ Litecoin Trust (LTCN) and Bitcoin Cash Trust (BCHG) have received DTC eligibility on Monday, which means the shares can begin trading publicly. The firm’s latest funds give investors exposure to the crypto assets bitcoin cash and litecoin and shares will be traded via secondary markets. Both LTC and BCH supporters were pleased to […]

The post Bitcoin Cash and Litecoin Trusts from Grayscale Investments Begin Trading appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

$4.6 Billion Under Management: Grayscale Purchased Over $100M Worth of Bitcoins Last Week

This week cryptocurrency proponents discussed the firm Grayscale Investments, as the firm purchased 9,702 bitcoins (over $110 million) in the past five days. The news follows Grayscale informing the U.S. Securities and Exchange Commission (SEC) that the Bitcoin Trust (GBTC) grew over $1.6 billion in 2020. Last Friday, Grayscale Investments filed a quarterly report with […]

The post $4.6 Billion Under Management: Grayscale Purchased Over $100M Worth of Bitcoins Last Week appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

‘Huge Demand in India’ Spurs Zebpay to Launch OTC Bitcoin Trading Desk

'Huge Demand in India' Spurs Zebpay to Launch OTC Bitcoin Trading DeskIndian cryptocurrency exchange Zebpay is launching an OTC bitcoin trading desk. The exchange has shared the details with news.Bitcoin.com, stating that “There is huge demand” among bitcoin traders and arbitrageurs in India for OTC desk services. Zebpay Sees Huge Demand for OTC Crypto Trading in India Zebpay’s OTC desk offers “deeper liquidity and private, more […]

The post ‘Huge Demand in India’ Spurs Zebpay to Launch OTC Bitcoin Trading Desk appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Skeptics Concerned Plustoken Scammers Plan to Dump $187M Worth of Ethereum

Skeptics Concerned Plustoken Scammers Plan to Dump $187M Worth of EthereumCrypto market skeptics and speculators are concerned about 789,000 ETH that started moving four days ago last Wednesday. The transaction was recorded by Whale Alert, and the $187 million worth of ether stems from the Plustoken scammers. On Wednesday, June 24, 2020, at approximately 9:46 a.m. (ET) the Plustoken scammers who have yet to be […]

The post Skeptics Concerned Plustoken Scammers Plan to Dump $187M Worth of Ethereum appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Industry Execs Claim Freshly Minted ‘Virgin Bitcoins’ Fetch 20% Premium

Industry Execs Claim Freshly Minted 'Virgin Bitcoins' Fetch 20% PremiumA few blockchain surveillance companies like Cyphertrace have recently published reports on criminal activities tied to bitcoin usage and the studies mentioned the topic of “virgin bitcoins.” According to industry executives, freshly minted bitcoins with no transaction history can sell for a 10-20% premium compared to coins sold on the open market. Even though the […]

The post Industry Execs Claim Freshly Minted ‘Virgin Bitcoins’ Fetch 20% Premium appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico