Crypto News
Make Farming Great Again: Tether Pushes for Majority Stake in Adecoagro
The deal, which would give Tether ownership of 51% of Adecoagro, would involve a disbursement of $385 million. Tether is already invested in Adecoagro, which operates in Argentina and Brazil. Tether Bids to Acquire Majority Stake in Adecoagro Tether, one of the largest companies in the cryptocurrency industry, is looking to farm more than treasurySource link
Arkham Exchange Launches Points System for Traders
Arkham Exchange introduces a points system for users, rewarding them based on trading volume. VIP users receive additional benefits, including a 10% boost and conversion options. (Read More)Source link
LIBRA Memecoin Fiasco Destroyed $251M in Investor Wealth, Research Shows
The LIBRA memecoin scandal that rocked Argentina over the weekend destroyed millions of dollars in investor wealth, according to research by Nansen.On-chain data tracked by Nansen show 86% of traders lost a total of $251 million, while the winners secured just $180 million in profits. In other words, it was a "net-negative wealth-generating" event that potentially sucked out liquidity from the market.The episode is a stark reminder that tokens associated with political figures can be just as risky as random memecoins and celebrity cryptocurrencies in making or breaking fortunes within minutes.LIBRA debuted on Meteora, a Solana-based decentralized exchange, last Friday and quickly surged to a market cap of over $4.5 billion after Argentina's President Javier Milei said on X that...
Etoro Granted MiCA Permit to Offer Crypto Services Across the EU
Trading and investing platform Etoro announced that its EU subsidiary, Etoro (Europe) Ltd, has been granted a permit by the Cyprus Securities Exchange Commission (CySEC) to provide crypto services across the European Union under the Markets in Crypto-Assets Regulation (MiCA). Avi Sela, Chief Operating Officer – Regulation at Etoro, emphasized the importance of regulation inSource link
Blockchain Bridging Protocol LayerZero to Connect With Bitcoin Sidechain Rootstock
LayerZero, the bridging protocol that allows different crypto networks to communicate with each other, plans to connect to Bitcoin sidechain Rootstock in what would be its first integration with the world's original blockchain.Rootstock aims to end Bitcoin's "isolation" from other blockchains due to its lack of native smart contracts, a barrier that LayerZero is able to address, according an emailed announcement shared with CoinDesk on TK. The Bitcoin blockchain lacks the functionality to offer smart contracts that other blockchains have and which are fundamental building decentralized finance (DeFi) services.This lack of provision for DeFi on Bitcoin, which holds more value that every other blockchain combined, is an impediment to even greater adoption. That's prompting developers to seeking ways of tapping...