Daily Archives: 08/04/2022

FTX.US exchange stopped listing of some crypto assets

The American division of the FTX cryptocurrency exchange – FTX.US – has limited the listing of crypto assets due to regulatory uncertainty. FTX.US CEO Brett Harrison said on The Decrypt Daily podcast that the company is currently not sure what limits will be drawn by regulators in terms of trading in certain crypto assets, whether they will be allowed or whether exchanges will be required to list only certain cryptocurrencies that they do not consider…

Terraform Labs acquired AVAX for $200 million

Terraform Labs, behind the Terra project, bought $200 million worth of AVAX coins to strengthen its own stablecoin. According to a Twitter post, Terraform Labs has swapped its LUNA coins for $100 million worth of AVAX. In addition, the Luna Foundation, a non-profit organization authorized to create reserves for the algorithmic stablecoin UST, used its assets to buy AVAX for another $100 million. In this way, the company wants to strengthen its own stablecoin, which…