Terra Beats Tesla As Second-Largest Corporate Bitcoin Holder After $1.5B Purchase

Terra's commitment to filling up its coffers with Bitcoin has been solidified once more with another $1.5 billion purchase. This is the fruit of a pledge that the project had made to buy more than $10 billion worth of BTC to serve as a reserve for its stablecoin, UST.

Timeline of Bitcoin, Terra-luna

Here is a brief look at how some of the major crypto mining companies fared in the markets on Friday. The post Bitcoin mining stock report: Friday, May 6 appeared first on The Block.

US trading giant Robinhood is adding two cryptocurrency-related products to its lineup for retail investors. Investment asset manager Greyscale announced that the firm's traditional investment vehicles for both Bitcoin (BTC) and Ethereum (ETH) are launching on the Robinhood trading app. There's two new ways to access crypto on @RobinhoodApp. You can start trading $GBTC and The post Trading App Giant Robinhood Lists Grayscale Bitcoin (BTC) and Ethereum (ETH) Stocks appeared first on The Daily Hodl.

The Luna Foundation Guard, a non-profit mandated to build reserves for Terra's algorithmic stablecoin UST, has bought $1.5 billion worth of the flagship cryptocurrency Bitcoin ($BTC) to add to its reserve, which is now above $3.21 billion. As CNBC reports, the transaction brings the Luna Foundation Guard closer to its goal of accumulating $10 billion in

Public blockchain Terra (LUNA) is resuming its Bitcoin (BTC) shopping frenzy even as the cryptocurrency markets experience a roller coaster of price action. Luna Foundation Guard (LFG), the non-profit organization built to support Terra, announces that it just bought nearly 38,000 Bitcoin by way of over-the-counter (OTC) swaps with Genesis Capital and Three Arrows Capital The post Terra (LUNA) Backer Continues Bitcoin-Buying Spree, Acquires Another $1,500,000,000 in BTC appeared first on The Daily Hodl.

May 5, 2022 – London, United Kingdom Metaverse platform Terra Virtua has joined Williams Racing as its official metaverse partner. The multi-year partnership begins this weekend as the Formula One racing team takes to the track in Florida for the first-ever Miami Grand Prix. The collaboration will celebrate one of British motorsport's most innovative and The post Terra Virtua Joins Williams Racing As Official Metaverse Partner appeared first on The Daily Hodl.

Data shows liquidations in the crypto futures market have amounted to around $500 million over the past day as the price of Bitcoin plunges below $36k. About $500 Million Liquidated In Crypto Futures Over Last 24 Hours In case anyone's not aware of what “liquidations” are, it's best to first see a basic overview of

On-chain data shows Bitcoin short-term holders seem to have been behind the latest selloff that has taken the price of the crypto below $36k. Bitcoin Investors Holding Coins Aged Between 1 Day And 6 Months Sold Big Yesterday As pointed out by an analyst in a CryptoQuant post, short-term holders seem to have sold the heaviest during the recent selloff.

Widely-followed crypto analyst Benjamin Cowen is predicting that Bitcoin (BTC) will trade without a clear direction over the coming months. In a new strategy session, Cowen tells his 732,000 YouTube subscribers that Bitcoin is likely to experience “fairly choppy months ahead” as the Federal Reserve intensifies its inflation-fighting efforts, including raising interest rates. “As the The post Top Crypto Analyst Benjamin Cowen Says Bitcoin (BTC) To Experience Choppy Months Ahead – Here's Why appeared first on The Daily Hodl.

Two members of the US Senate are writing a letter to financial services giant Fidelity presenting issues with the firm's new plans to offer Bitcoin (BTC) as an option for 401(k) retirement plans. In a letter penned to Fidelity CEO Abigail Johnson, Senators Elizabeth Warren of Massachusetts and Tina Smith of Minnesota express doubts about The post Two US Senators Pen Letter to Fidelity CEO Detailing Concerns With Proposed Bitcoin 401(k) Retirement Plans appeared first on The Daily Hodl.

Senator Elizabeth Warren and Tina Smith have written a letter to Fidelity over its decision to allow Bitcoin investments in its 401(k) plans.  The letter asked the investment firm why it failed to heed the Department of Labor (DOL) warning regarding crypto investments as part of pension retirement plans.