After UST de-pegged on May 9th, causing a cascade effect of billions of LUNA minted, the Luna Foundation Guard disclosed what happened precisely to their reserves which were meant to stabilize UST, ke...
Tag: Foundation
Luna Foundation Guard reveals its $3 billion reserve is down to $87 million
After days of public speculation, the Singapore-based Luna Foundation Guard (LFG) has finally revealed the current balance of its billion-dollar Bitcoin holdings, including other digital currencies in...
Luna Foundation Guard reveals where missing 80K BTC reserves went
The Luna Foundation Guard, the organization responsible for the Terra ecosystem led by Do Kwon, has released information regarding its missing reserve funds. The crypto industry has been asking where ...
Luna Foundation Guard Breaks the Silence and Reveals How Much Was Spent to Defend UST’s Peg
The Luna Foundation Guard (LFG) finally broke the silence and revealed exactly how much they spent to defend the UST peg throughout the events of last week. As CryptoPotato reported, UST – the algorit...
Luna Foundation Guard Announces Compensation to UST Users
The Luna Foundation Guard (LFG), a nonprofit organization created specifically to support Terra Ecosystem, has disclosed details regarding the recent collapse of the project and notified UST holders o...
LUNA foundation discloses it sold over 80,000 in Bitcoin reserves for UST
Last week, the Terra (LUNA) token suffered a catastrophic drop that stunned the cryptocurrency world as its stable coin collapsed. LUNA was established by Terraform Labs in tandem with the algorithmic...
Luna Foundation Guard Reserves Decimated By Terra Crash
The Luna Foundation Guard (LFG) revealed on Monday that the recent Terra crash, and its measures to support UST had wiped out most of its reserves. Its holdings now stand at about $260 million- a far ...
Luna Foundation Guard Member Says Terra Reserves En Route
A high-ranking member of the Luna Foundation Guard (LFG) said on Monday that the foundation’s reserves are almost ready to be deployed, barring a few technicalities. The reserves will be largely targe...
Ethereum Founder Sends 500 ETH To Dogecoin Foundation
– Advertisement – Ethereum Founder Sends 500 ETH To Dogecoin Foundation. It’s not always that Vitalik Buterin sends funds to support other crypto projects. However, he appears to have deve...
Terra (LUNA) Foundation Send Over $2 Billion Bitcoin to Gemini and Binance. What Next? – Coinpedia – Fintech & Cryptocurreny News Media
As the cryptocurrency industry continues to be shaken by the Terra blockchain’s failure and the price crash of its native token, LUNA, and its algorithmic Stablecoin, UST, suspicions have arisen conce...
6 Questions for Dominik Schiener of the Iota Foundation – Cointelegraph Magazine
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Dom...
Over $1.2 billion in bitcoin reserves remains unaccounted for by Luna Foundation Guard
Luna Foundation Guard (LFG), a non-profit organization formed to support the growth of the Terra ecosystem, has yet to answer a crucial question about its bitcoin reserves after Terra’s collapse...
Dr. Avalanche, Mr. Terra, and the tale of Luna Foundation Guard Reserve
A week ago, Terra [LUNA] was just above $80 as investors bemoaned its faith. But at press time, the ex-top ten crypto was changing bloodstained hands at $0.00005687. Naturally, the shock of this fall ...
Fragrance Foundation Celebrates 30 Years Of Impact
The fragrance industry celebrated the best in class at the Fragrance Foundation Awards 2022 GOFF The winners of the UK Fragrance Foundation Awards, including Chanel, Paco Rabanne and Juliet Has A Gun,...
VeChain Foundation Spent $4.1M in Q1 2022 as per Recent Report
9 hours ago | 2 mins read Altcoin News VeChain is a supply chain management-enhancing blockchain initiative. The Foundation’s first-quarter earnings are also missing from the report. It has been revea...
Terra UST Declines 88% in 5 Weeks as LUNA Foundation Liquidates Entire $BTC Holdings
Tomiwabold Olajide Embattled cryptocurrency is now down a staggering 96.49% from its all-time high of $119 reached on April 5 Terra’s LUNA continued its free fall on May 11, shedding 88% in five...
VeChain Foundation reports $1.2B crypto treasury but spent just $4M in Q1
The VeChain Foundation has released its financial report for Q1 2022, showing that the project amassed an impressive $1.2 billion war chest but only spent about $4.1 million in the quarter. VeChain is...
Dogecoin Foundation Hiring Web Developer
Alex Dovbnya The Dogecoin Foundation is looking for a skilled web developer The Dogecoin Foundation, a non-profit behind the world’s top meme cryptocurrency, has announced that it is hiring a “skilled...
Luna Foundation Guard close to announcing recovery plan for TerraLuna, UST
Do Kwon has announced a recovery plan in the works for UST and, therefore, the Terra ecosystem. UST has lost its peg from the dollar, and its native token LUNA is down is down 90%, currently trading a...
Luna Foundation Guard Seeks Funding as UST Crashes From Peg Again
The Luna Foundation Guard (LFG) has been battling to shore up its beleaguered UST stablecoin, which has crashed from its dollar peg yet again. If a massive crypto market slump wasn’t bad enough, the w...
In what ways now Luna Foundation Guard is seeking to fund the crash pegging of UST stablecoin?
Amidst the tough situation that the market is going through, some digital assets seem to have the worst effects of all; Terra’s UST stablecoin is such an example The non-profit organization of Terra n...
VeChain Foundation Spends Just $4M In Quarter 1 From Its $1.2B Treasury
Supply chain tracing project has a comfortable cushion in its Foundation treasury, but expenses were too low throughout its initial quarter of 2022. Financial report of VeChain for first quarter 2022 ...
Luna Foundation Guard Looks To Raise $1 Billion To Shore Up Embattled UST
The Luna Foundation Guard is looking to raise $1 billion from investors as the dollar-pegged stablecoin plummeted to nearly half its value amidst turmoil in the broader market. According to reports, t...
HUMAN Protocol Foundation Awards Grant to VeritaTrust To Build On-Chain Rewards for Reviews
May 10, 2022 – Georgetown, Cayman Islands Today, HUMAN Protocol has announced that it has awarded a grant to VeritaTrust to power on-chain reviews. Following the announcement of HUMAN Protocol’s $10 m...
NEAR Foundation Sets Up a Regional Hub in Kenya, Boosting Blockchain Innovation in Africa
To trigger talent development, education, and blockchain innovation on African soil, NEAR Foundation, has launched a regional hub in Kenya in collaboration with Sankore, an African-focused blockchain ...
Luna Foundation Guard Empties $2.2B Bitcoin Wallet to Save UST
The Luna Foundation Guard (LFG), a non-profit organization aimed at bolstering the Terra blockchain, has recently emptied $2.2 billion worth of bitcoin from its Bitcoin reserve to save the Terra stabl...
HUMAN Protocol Foundation Awards Grant to VeritaTrust to Build on-Chain Rewards for Reviews – Press release Bitcoin News
press release PRESS RELEASE. Georgetown, Cayman Islands, May 10, 2022 – Today, HUMAN Protocol has announced that it has awarded a grant to VeritaTrust to power on-chain reviews. Following the announce...
42.5K BTC reportedly moved from Luna Foundation Guard wallet as UST peg crumbles
Roughly $1.4 billion worth of Bitcoin (BTC) was reportedly moved from a wallet tied to Luna Foundation Guard (LFG) on Monday, raising questions about its ultimate destination on a day that has seen Bi...
Luna Foundation Guard Offers $1.5B For Stablecoin Peg Following Deviance
Editors News Anchor’s total UST deposits dropped from $14 billion to a little over $11 billion. Terraform Labs is responsible for the whole Terra ecosystem’s operation and power. The algorithmic stabl...
Did LUNA Foundation Sell Its Bitcoin (BTC)?
It appears that the Luna foundation is taking steps towards rectifying the volatility issues that its digital tokens are facing. A wallet address that market players have traced to be Luna’s, has sold...
Luna Foundation to Loan $1.5 Billion in Bitcoin (BTC) and UST to Maintain Stablecoin Dollar Peg – crypto.news
The Singapore-based non-profit organization Luna Foundation Guard (LFG) will loan out BTC and UST worth $1.5 billion, as part of its strategy to protect the stability of the UST against market volatil...