Blockchain Gaming Firm Animoca Brands Holds $194 Million in Cash and Stablecoins

Blockchain Gaming Firm Animoca Brands Holds $194 Million in Cash and Stablecoins
Animoca Brands has disclosed that it is "financially strong" to continue operations. The Hong Kong-based firm reported a stablecoin reserve of $194 million as of April 30, 2023. It also sits on $566 million worth of liquid digital assets, including a utility token for the "Sandbox NFT metaverse platform," SAND. Meanwhile, other token reserves not in the balance belonging to its majority-owned Web 3 subsidiaries are currently worth $2.7 billion. ... Read More: Blockchain Gaming Firm Animoca Brands Holds $194 Million in Cash and Stablecoins Lees verder

Montenegro Court Agrees To Release Terraform's Kwon and CFO on Bail
A court in Montenegro accepted bail to release Terraform Labs co-founder Do Kwon and former chief financial officer Han Chang-joon from jail on Friday after allegedly using false documents. The Basic Court Podgorica said the two would not be allowed to leave their homes in accepting the 400,000 euros in bail for each of them. Kwon had been on the run for months after the demise of Terra, which was behind the algorithmic stablecoin TerraUSD that fell into a tailspin last year. ... Read More: Montenegro Court Agrees To Release Terraform's Kwon and CFO on Bail Lees verder

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