Following the cataclysmic meltdown of the Terra ecosystem last week, the Luna Foundation Guard (LFG) has been accused of bailing out UST whales with its bitcoin trove before the project came crashing ...
Tag: LuNa
LFG Unpacks Bitcoin Activity During LUNA, UST Collapse
The Luna Foundation Guard (LFG), the non-profit organization overseeing the Terra ecosystem, said that its Bitcoin reserves dropped by more than 80,000 BTC over the last week. Per LFG’s Twitter thread...
This is how Polygon [MATIC] is benefiting from Terra’s [LUNA] $30 billion DeFi loss
As the Terra blockchain collapsed, it decided to eliminate a lot of apps, including Anchor, which was the largest DeFi protocol on the chain at a given point. However, the protocol is worth nothing at...
Terra’s Fork, Terra Classic ($LUNC) : Do Kwon’s New Revival Plan To Save LUNA Foundation – Coinpedia – Fintech & Cryptocurreny News Media
Terraform Labs CEO and co-founder Do Kwon has announced forking the Terra network into a new chain. 3/ Currently, these key precepts underpin most schools of thought:– The #LUNAtic community is unpara...
Do Kwon suggests Terra (LUNA) hard fork to revive the protocol
Do Kwon, the Terra (LUNA) protocol founder, proposed a resurrection strategy to bring the project back from the ashes. Kwon advocated splitting the protocol’s existing form into two distinct ecosystem...
Binance’s $1.6B LUNA Stash Now Worth $3000 — Do Kwon Finally Unveils Plan To Revive Terra ⋆ ZyCrypto
Advertisement     Terra’s cataclysmic meltdown has left an unsightly mark on the portfolios of holders of its tokens. This includes the world’s largest cryptocurrency ...
Terra (LUNA) Sold 80k Bitcoins, But BTC Price Might Not Drop Below $20K
The cryptocurrency sector was founded on both transparency and anonymity. Even Bitcoin’s developer used a fictitious name, and the world may never know who was behind one of the most innovative financ...
Luna Foundation Guard has now dumped $2.4 billion from its Bitcoin reserves in failed attempt to defend TerraUSD peg
Luna Foundation Guard, the second largest known holder of Bitcoin, liquidated almost its entire reserves last week worth billions in a failed attempt to defend the Terra UST stablecoin peg. Ever since...
Finder’s Poll Conducted Weeks Before Terra’s Fallout Predicted LUNA Would Tap $143 This Year – Bitcoin News
Just recently, the product comparison platform finder․com polled 36 fintech specialists about the cryptocurrency terra (LUNA) before terrausd (UST) lost its parity with the U.S. dollar. According to t...
What Happened to Terra’s Bitcoin Reserve as UST and LUNA Crashed
Last weekend, as Terra’s UST stablecoin showed the first warning signs of instability, slipping from its dollar peg to $0.985, Luna Foundation Guard (LFG), the nonprofit responsible for overseeing the...
CZ Says Binance Supports Proposal to Compensate LUNA Retail Users First – Featured Bitcoin News
Binance’s Changpeng Zhao (CZ) has said the exchange supports the proposal to compensate retail LUNA users ahead of larger investors. He also said the LUNA tokens received by Binance in exchange for a ...
Terra (LUNA) could have hit bottom: you can buy $LUNA token here
Most crypto investors are optimistic that Terra’s woes are almost coming to an end and that its coin the Terra (LUNA) is poised for recovery in the coming days. The rate at which LUNA was losing its v...
Crypto’s LUNA Catastrophe Threatens Conventional Assets
(Photo Illustration by Avishek Das/SOPA Images) SOPA Images/LightRocket via Getty Images An important cryptocurrency collapsed last week and the fallout is having far-reaching effects on stocks, bonds...
Luna Foundation Guard Discloses What Happened to Their Reserves » NullTX
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...
South Korea Toughens Up Investigations Over Terra (LUNA) Crisis
South Korea has been alerted over the decline in the crypto market that led to the depegging of Terra (LUNA). According to a local news outlet, Luna’s decline led to cases of volatile trading. Gaming...
Terra (LUNA) Is a Case of Marketing and Memes Gone Wrong, According to FTX CEO Sam Bankman-Fried
The chief executive of crypto derivatives exchange FTX says that the downfall of Ethereum challenger Terra (LUNA) was due to faulty marketing rather than outright deception. Sam Bankman-Fried says tha...
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...
Be Cautious LUNA and UST Investors If You Don’t Want To Get Coaxed In A Fraud
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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 Confirms They Sold All Bitcoin – Trustnodes
The Luna Foundation has announced they sold 80,000 bitcoin, currently worth $2.4 billion, on May the 8th and 10th while bitcoin’s price crashed. They sold them for about 3 billion UST, which is now wo...
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...
“Never Moved Or Sold” Binance CEO Shares More Insights Showing Exchange Still Holds 15M Terra (LUNA) Received In 2018
– Advertisement – Binance CEO Says they completely support Terra’s (LUNA) proposal of supporting retail Investors while holding the Luna and UST. Binance’s CEO admitted that he was under...
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 ...
Terra LUNA Circulating Supply Increases by Nearly 1.9 Million Percent Within Days
As the effect of the Terra USD (UST) losing its peg to the dollar continues to take its toll, the circulating quantity of Terra’s LUNA has surged by over 1.9 million percent in the last seven da...
The Next Luna And UST? Crypto Market Now Braced For Another Earthquake After Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Avalanche And Polkadot Price Crash
Bitcoin BTC , ethereum and cryptocurrency prices have been left reeling from the collapse of the terraUSD (UST) stablecoin and its support coin luna this week—though luna has shocked some by staging a...
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...
LUNA Is Back On Crypto.com
12 seconds ago | 2 mins read News Terra (Luna) price is 100% down from its all-time high of 119.18 as per CMC. Most of the top Exchanges delist the LUNA. Crypto.com the largest cryptocurrency exchange...
South Korean government pushes for a faster approach to crypto regulation amid LUNA token crisis
South Korean financial authorities have launched an emergency study of cryptocurrencies, which is designed to help them pass the “Digital Asset Basic Act,” the country’s upcoming cryptocurrency regula...
The UK Plans to Regulate the Stablecoins Following Terra (LUNA) Collapse
The British Treasury has declared about regulating the stablecoins after experiencing the collapse of TerraUSD(UST) and terra (LUNA). The HM Treasury, UK Treasury Department by acting on this has plan...