Author: Crypto Insider

The Luna Foundation Guard, a Singapore-based nonprofit building reserves for the stablecoin Terra (UST), announced that it would buy $200 million worth of AVAX tokens from the Avalanche Foundation to augment its UST reserves. This strategic move pushes forward Terra’s cross-chain development and diversification. The Luna Foundation Guard (LFG) and Terraform Labs (TFL), the two…

Digital currency exchange Crypto.com announced that fighters from the MMA promotion company, Ultimate Fighting Championship (UFC), will be able to win Fight Night bonuses that will be paid in Bitcoin. Fight Night bonus payouts will vary depending on placement, up to $30,000 in Bitcoin for the winners. The Ultimate Fighting Championship, the world’s biggest professional…

Meta is reportedly trying to develop its own token to support its ambition of connecting users through the Metaverse. More tokens may be developed as Meta builds a metaverse, the report outlined. Despite Meta (ex-Facebook) recently giving up on its plans to create the Diem stablecoin, it’s reportedly still interested in creating tokens for use…

Beyon Money cardholders in Bahrain now will earn 3% to 5% cashback for using their cards to deposit into their crypto wallets on CoinMENA. CoinMENA and Beyon Money’s partnership will further solidify Bahrain’s position as a leading crypto hub in the Middle East. CoinMENA has partnered with Beyon Money, a financial service app powered by…

Stock and cryptocurrency trading app Robinhood announced at the Bitcoin 2022 conference today that it’s making plans to add the Bitcoin Lightning Network to its platform for speedier BTC transactions. It also shared that eligible users from its beta waitlist can now send and receive crypto through its crypto wallet feature. Robinhood announced the addition…

Binance CEO, Chengpeng Zhao, said cryptocurrencies are “terrible for avoiding sanctions.” He also noted the reason: “It is traceable.” He also explained how they lack the ability to freeze all Russian users’ assets. Chengpeng “CZ” Zhao, CEO of the biggest crypto exchange Binance, believes that cryptocurrencies are terrible for evading sanctions. This comment comes amid…