The Luna Foundation Guard (LFG) said Monday that it will lend out hundreds of millions of dollars worth of bitcoin and the stablecoin UST in order to defend the latter’s peg amid a period of mar...
Tag: Foundation
Luna Foundation Guard Prepares $1,500,000,000 in Bitcoin (BTC) and TerraUSD (UST) To Protect Stablecoin Peg
As TerraUSD (UST) plummets in value, the Luna Foundation Guard says it’s preparing $1.5 billion in Bitcoin and UST to address market concerns about the stablecoin. UST, a stablecoin designed to be peg...
Near Foundation Establishes Blockchain Hub in Kenya: Report
Near Foundation – the Swiss non-profit that oversees the development of Near Protocol – reportedly teamed up with the Kenyan blockchain community Sankore to launch a regional hub in the African countr...
Luna Foundation Guard Loans $1.5B in Bitcoin, UST to Protect Stablecoin
Drastic times call for drastic measures. And today, the Luna Foundation Guard (LFG), a non-profit supporting all things Terra (LUNA), has voted to lend $1.5 billion in crypto to protect its native sta...
Veritatrust Receives Grant To Power On-chain Reviews by HUMAN Protocol Foundation
3 hours ago | 2 mins read Blockchain News HUMAN Protocol Foundation has announced today that VeritaTrust has been given the grant to enable on-chain reviews using their Protocol. It’s exciting to be t...
Luna Foundation Guard just moved $1.4 billion Bitcoin to an exchange
The Luna Foundation Guard is moving billions of Bitcoin across the blockchain.The wallet address “bc1q9d4ywgfnd8h43da5tpcxcn6ajv590cg6d3tg6axemvljvt2k76zs50tv4q” held 42,530 BTC but today, May 9 at 6:...
Luna Foundation to Loan $1.5B in BTC
UST briefly lost its dollar peg as it plummeted to $0.98 over the weekend LUNA Price at the time of writing – $59.08 UST deposits currently earn investors 18.8% APY This isn’t whenever UST...
Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity – Bitcoin News
As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times. Two days ago on May 7, 2022, UST dipped down t...
Why does Luna Foundation Guard sell its bitcoin worth $1.5 billion for a trading price of $33K?
Non-profit organization Terra Labs, LFG, looks over the stability of its stablecoin and has managed its bitcoin count while retaining the balanced digital assets. Luna Foundation Guard and lead of Ter...
Luna Foundation Guard Deploys $1.5B to Defend Troubled UST Peg
The Luna Foundation Guard (LFG), a non-profit organization supporting all things Terra, has recently announced that it will lend $1.5 billion to protect the peg of its algorithmic stablecoin UST amid ...
Luna Foundation to Loan $1.5B in BTC and UST to Defend Stablecoin’s Peg
This isn’t the first time UST has lost its peg. But the controversial algorithmic stablecoin de-pegged yet again just days after the Luna Foundation Guard (LFG), the organization backing it, purchased...
Luna Foundation “Sells” $1.5 Billion in Bitcoin Bought at $47,000 for $33,000: Details
Arman Shirinyan While foundation has not announced the sale, there is no other way to support UST stablecoin Luna Foundation Guard responsible for the stability of the UST stablecoin powered by Terra ...
Luna Foundation Guard Takes Corrective Measures to Protect UST Peg, Here’s How
The Luna Foundation Guard has once again come forward announcing some key measures to safeguard the Bitcoin peg for its native UST stablecoin. Last weekend turned out to be a major nightmare for Terra...
Luna Foundation Guard buys additional $1.5 billion in bitcoin backing for UST
The Luna Foundation Guard (LFG), a nonprofit created to support the Terra ecosystem, announced the purchase of $1.5 billion worth of bitcoin (BTC) for its stablecoin reserves on Thursday. According to...
Luna Foundation Guard Acquires BTC Worth $1.5B
The $1.5 billion worth of BTC purchase was made by the Luna Foundation Guard to bolster its stablecoin reserves. Luna Holds Over 80K BTCs The latest BTC purchase brings Luna Foundation Guard’s (LFG) ...
Luna Foundation Guard Buys $1.5B More Bitcoin to Boost Reserves
The Luna Foundation Guard (LFG) has bought another $1.5 billion in bitcoin to boost reserves of Terra’s UST stablecoin, with help from hedge fund Three Arrows Capital and crypto broker Genesis Trading...
Luna Foundation Buys Additional Bitcoins Worth $1.5B as UST Stablecoin Reserves
The Luna Foundation Guard completed a $1 billion OTC swap with crypto prime broker Genesis Global Trading and the remaining $500 million worth of Bitcoins from crypto hedge fund Three Arrows Capital. ...
Luna Foundation Purchases Additional $1.5B in Bitcoin to Bolster TerraUSD (UST) Reserve
The Luna Foundation Guard (LFG), a non-profit and the team behind Terra (LUNA) announced today that it has purchased an additional 37,863 bitcoins worth $1.5 billion to bolster its UST stablecoin rese...
Luna Foundation Guard Purchased Another $1.5 Billion Worth of Bitcoin
Singapore-based Luna Foundation Guard (LFG) made yet another bitcoin purchase of $1.5 billion in Bitcoin for its UST stablecoin reserve. According to CNBC on Thursday (May 5, 2022), LFG raised the fun...
Bitcoin Price Continue To Plunge Hard, LUNA Foundation Guard Adds $37,863 worth Bitcoins To Its Stash – Coinpedia – Fintech & Cryptocurreny News Media
Terra’s (LUNA) price has dropped 31% in the last four weeks, wiping out all of the year’s gains, and the token is struggling to stay above the $85 support level, despite outperforming the overall cryp...
Luna Foundation Guard acquires additional 37,863 BTC as part of reserve strategy
Luna Foundation Guard (LFG), a Singapore-based nonprofit tied to the Terra Luna ecosystem, has raised another $1.5 billion to further expand its already hefty Bitcoin (BTC) reserves. The raise allowed...
Luna Foundation Guard becomes top 10 Bitcoin holder
The Luna Foundation Guard has purchased another 37,863 Bitcoins taking them into the top 10 Bitcoin holders in the world. In a Twitter thread, they announced, “The LFG has acquired an additional 37,86...
Luna Foundation Guard (LFG) Adds 37,863 Bitcoin (BTC) to its Reserves
3 hours ago | 2 mins read Editors News LFG currently possesses almost $3.5 billion worth of BTC. Luna Foundation Guard aims to gather up to $10 billion in Bitcoin. Luna Foundation Guard (LFG), a Terra...
Luna Foundation Acquires $1.4 Billion in Bitcoin, Decentralized Reserve Stash Rises to 80,394 BTC – Bitcoin News
According to a report published on Thursday, the Luna Foundation Guard (LFG) explained that it acquired 37,863 bitcoin worth more than $1.4 billion through two over-the-counter deals. The LFG now hold...
Top Crypto Projects By TVL In Optimism Foundation
The top projects by TVL in the Optimism foundation are nine projects. The Total Value Locked in this ecosystem is $458 million. The statistics depicts that total value locked has increased to 255%. Th...
Luna Foundation Acquires An Additional 37.8k Bitcoin Worth $1.5B, Bringing its Total Holdings to 80,394 BTC
Summary: The Luna Foundation Guard has bought an additional 37,863 Bitcoin worth $1.5 billion The purchase is in line with Do Kwon’s goal of backing UST with digital asset reserves worth $10 billion T...
BREAKING: Luna Foundation Guard (LFG) Purchases $1.5 Billion Bitcoin (BTC) to Boost Its Stablecoin Reserve
– Advertisement – The Luna Foundation Guard (LFG) has made another groundbreaking purchase of Bitcoin (BTC) to bolster its reserve for its native stablecoin dubbed Terra USD (UST). Accord...
Cardano Foundation Appoints New Technical Director for Open Source: Details
Vladislav Sopov Cardano Foundation, the nonprofit behind the largest Proof-of-Stake (PoS) network Cardano, now has new technical director for open-source development Contents Hydra’s engineer to...
Wikimedia Foundation halts accepting crypto due to sustainability concerns
Wikimedia Foundation (WMF), the non-profit organization supporting Wikipedia and Wikimedia Commons, will no longer accept cryptocurrency donations. Among the main reasons for the removal were environ...
Polkadot Parachain Winners to Have Ledger Apps as Web3 Foundation Partners with Zondax
Vladislav Sopov First generation of Polkadot parachain slot winners – Acala, Moonbeam, Astar, Parallel and Clover – will be seamlessly integrated into Ledger ecosystem Contents Web3 Founda...
Web3 Foundation And Zondax Bring Ledger Apps To Polkadot Parachains
Zondax and the Web3 Foundation will bring more native Ledger apps to the Polkadot ecosystem. All winners of Polkadot parachain auction slots will receive a customary Ledger application to expand their...