Avalanche Foundation to buy back nearly 2M AVAX sold to Terra in 2022
In 2022, the Avalanche Foundation sold 1.97 million AVAX worth $100 million at the time to Terra’s foundation before its collapse. It’s now buying it all back for $45.5 million.
Related Posts
Crypto community slams WazirX’s 'socialized losses' plan after hack
As WazirX navigates this crisis, the firm faces the challenge of rebuilding trust with its user base and the broader crypto community.
Maker Foundation’s Multi-Collateral Dai to Launch on Nov. 18
Rune Christensen, the CEO of the Maker Foundation, has revealed that the Multi-Collateral Dai (MCD) system will be ready to launch on Nov. 18.Speaking at DevCon 5 in Osaka, Japan, Christensen urged all holders of MakerDAO's MKR token to cast their votes on November 15.Dai Savings Rate, new CDPsMCD is a decentralized blockchain-based system designed…
Chilean Government Introduces New Cryptocurrency and Fintech Regulation Bill to Congress
The Minister of Finance of the Chilean government Felipe Larraín announced the introduction of a bill regulating cryptocurrencies and fintech to Congress, Cointelegraph Spain reported on April 15.During his recent stay in the United States, Larraín reportedly noted that the requirements introduced by the new regulation will be proportional to businesses. He explained that the…
BREAKING: Bitcoin officially hits new all-time high above $65K
Bitcoin price action reenters uncharted territory after beating out final resistance before April’s existing peak. 21168 Total views 380 Total shares Bitcoin (BTC) has hit a new all-time high in United States dollars as a long-awaited surge pushes BTC/USD into price discovery.BTC/USD 1-hour candle chart (Coinbase). Source: TradingViewBitcoin back in price discoveryData from Cointelegraph Markets…
Hashdex files with SEC for combined spot Bitcoin and Ether ETF
If approved, the crypto ETF would be the first of its kind, but probably not the last.
Chinese police seized crypto assets worth $4.2B today from PlusToken Ponzi
The PlusToken controversy, which has led to the arrest of 109 individuals so far, has also reportedly resulted in a titanic seizure of crypto assets by Chinese authorities worth $4.2 billion at today’s prices.According to court filings released publicly on Nov. 19 and posted by The Block, authorities seized a staggering 194,775 Bitcoin (BTC), 833,083 Ether…
Bitcoin price coils as market confirms $65K as ‘real resistance’
BTC price “chop” is still the name of the game, with Bitcoin bulls yet to mount a charge at a $65,000 sell wall.
Record $900 million month for NFT sales as CryptoPunks go stratospheric
Almost $400 million has been spent on CryptoPunks over the past 30 days. 977 Total views 5 Total shares August is shaping up to be a record month for nonfungible token sales with almost $900 million spent on them over the past 30 days.According to data from the tracking portal Nonfungible, $896 million has been…