Yuri Molchan In recent survey, the US Fed found that 12% of American adults invested in cryptocurrencies last year Disclaimer: The opinion expressed here is not investment advice – it is provided for ...
Tag: Reserve
Just in: Federal Reserve reveals 12% of U.S. adults own crypto
A new survey by the Federal Reserve indicates that as of 2021, about 12% of the United States adults held different cryptocurrencies. The survey dubbed “Economic Well-Being of U.S. Households in 2021...
Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report – Altcoins Bitcoin News
The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Addition...
Binance CEO Says UST and LUNA Crash Could Have Been Avoided If Terra Used Its Bitcoin Reserve Earlier
– Advertisement – CZ is still not happy with the way Terra handled last week’s situation as he believes the crash could have been avoided if the team had acted swiftly. Changpeng “CZ” Zha...
Tether Cuts Commercial Paper Reserve by 17% for Q1 2022
Tether announced that it slashed its commercial paper holdings over the first quarter to $20 billion, plans an additional 20% reduction. Tether recently reported that it reduced its commercial paper h...
Tether Preps Against Attack By Improving Stablecoin Reserve
Tether has announced that it has taken a series of steps to improve its stablecoin (USDT) reserve, like investing in US treasury bills as well as non-US government bonds. Tether Invests in Non-US Bond...
Tether Cut Commercial Paper Reserve by 17% in Q1, Accountants Say
The majority of this $20.1 billion (around $18 billion) is comprised of A-1 and A-2 paper, which qualify as investment grade, according to the report. A list of ratings agencies grading the commercial...
Bank of England’s Cunliffe Warns Crypto Will See Tough Times as Federal Reserve Tightens Financial Conditions – Regulation Bitcoin News
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned of hard times ahead for cryptocurrency investors as the Federal Reserve and other central banks tighten monetary...
U.S. court rejects Tether’s bid to conceal reserve records from the public
The petition that Tether (USDT) presented to the supreme court of the state of New York asking permission to block the public from viewing documents that explain the composition of Tether’s reserves o...
Luna Foundation Guard Clarifies Bitcoin Reserve Transfers!
The Luna Foundation Guard, which is in charge of maintaining the peg of UST, the Terra ecosystem’s stablecoin, has disclosed how it used the available Bitcoin reserve prior to the Terra ecosystem’s la...
Is Bitcoin Global Reserve For Cryptocurrency?
There are 19,042,100 BTC coins in circulations. As of now, Bitcoin has a 42.4% market share. For the first time since July 2021, Bitcoin (BTC) went below $29,000. The whole volume of the crypto market...
More Whitelisted Members, Wider DEX Integrations, Higher Total Supply – USDD Thrives Alongside Increased and Diversified Reserve Assets
Geneva, Switzerland, 17th May, 2022, Chainwire he TRON DAO Reserve has announced four more major players in the blockchain industry, Amber Group, Poloniex, ANKR, and Mirana following Alameda Research ...
Tron DAO Reserve Acquires Millions in TRX
Tron DAO Reserve has continued to purchase large quantities of digital assets Bitcoin, and Tether to Safeguard USDD The USDD stablecoin has a market valuation of around $272.36 million Seven days prio...
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...
What happened to the bitcoin reserve behind Terra’s UST stablecoin?
Bitcoin fell below the $26,000 level since December 2020. (Photo credit should read CFOTO/Future Publishing via Getty Images) CFOTO | Future Publishing via Getty Images Investors have been eager to fi...
Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries – Bitcoin News
On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since ...
LFG Reserve Pool’s $1.2 Billion BTC?
2 hours ago | 2 mins read Altcoin News $750 million BTC was used for restoring peg value by lending to OTC trading firms. 28,205 BTC was transferred to an unknown account on Binance Exchange. Luna Fou...
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...
What’s left in Luna’s reserve wallet?
The Luna saga continues. In a Twitter thread, the team behind the failed algorithmic stablecoin UST and the token LUNA shared precisely how much Bitcoin and crypto assets they had disposed of. The Lun...
Tron DAO Reserve Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD – Coinotizia
Seven days ago, Bitcoin.com News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network’s stablecoin USDD. Since then and since the terrausd (UST) de-pegging event, t...
Tron DAO Reserve Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD – Bitcoin News
Seven days ago, Bitcoin.com News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network’s stablecoin USDD. Since then and since the terrausd (UST) de-pegging event, t...
Where Is Terra’s (LUNA) Enormous Bitcoin Reserve?
The effaced Terra (LUNA) blockchain vanished as a result of the transfer of $3.5 billion worth of bitcoin. The reserve was meant to be useful exactly in such disastrous events, say otherwise. Ellipti...
Where is LFG accumulated $2b worth of Bitcoin reserve?
The cryptocurrency market has seen considerably worse days before. However, the present state of the market remains unprecedented. Terra’s LUNA and UST have tumbled, triggering a chain reaction in the...
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 ...
Have Reserve Reports Been Relegated To Investor Footnotes?
In the early part of my career, I vividly recall first learning about what was then arguably the most important document that an upstream company produced – the reserve report. Full of pertinent infor...
Federal Reserve Chair Jerome Powell confirmed by Senate for a second term
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04, 2022 in Washington, DC. Powell announced the Federal Reserve is raising ...
UST’s Bitcoin Reserve Too Late in Coming to Save Dollar Peg
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Luna Foundation Guard (LFG)’s proposed cry...
Reserve Rights (RSR) Scrambles for Support After 94% Drop Since All-Time High
Reserve Rights (RSR) is trading inside a bullish pattern but has broken down from a long-term support level. RSR has been falling since reaching an all-time high price of $0.119 on April 16, 2021. It...
Federal Reserve Says Private Stablecoins Vulnerable to Runs in New Report
The U.S. Federal Reserve is voicing concerns about the viability of cryptocurrency stablecoins and is suggesting the utility of government-backed alternatives. In a wide-ranging report discussing fina...
Federal Reserve says stablecoins are ‘prone to runs’ in new financial stability report
The US Federal Reserve has spotlit the risk of market runs on stablecoins in a newly issued report. In a May 9 report on financial stability, the Fed emphasized stablecoins alongside certain money mar...
TRON DAO Reserve Bought BTC and TRX for $60 Million Amid Market Crash
Amid the market meltdown, the team behind the TRON DAO Reserve announced two acquisitions for the project’s stablecoin. Additionally, they welcomed Ankr as the fourth member of the Reserve. The past f...
As Prices Plummet, Tron Buys 500 Bitcoin For Its Stablecoin Reserve
Tron founder Justin Sun said on Tuesday that the blockchain had capitalized on a recent drop in Bitcoin (BTC) prices and bought 500 tokens. The tokens were purchased for $15.5 million, representing an...