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. ...
Tag: Reserves
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...
Terra Launches Floating Interest Lending Services, Reserves Are Now at $209 Million
Arman Shirinyan You can receive a floating interest rate on Terra-powered Anchor lending and borrowing platform Long-awaited floating interest is now officially available on Terra via the Anchor platf...
Bitcoin Does Not Meet Currency Reserves Requirements
The Swiss National Bank’s (SNB) Chairman Thomas Jordan revealed that the bank has decided not to have the world’s largest cryptocurrency on its balance sheet. At the same time, though, the organizatio...
TrueUSD (TUSD) Stablecoin Names Five Current Bank Partners Holding Its USD Reserves
Five prominent banks are presently working with TUSD. The auditing company Armanino is currently auditing TUSD. The TrueUSD (TUSD) stablecoin has revealed the names of five of its current bank partner...
What Sell Pressure? Bitcoin Exchange Reserves Hit 4-Year Low
Bitcoin has started a recent downtrend that is threatening its position above the coveted $40,000 level. This is presumed to be caused by major sell-offs in the market. However, exchange metrics conti...
Israel Adds Yuan to $206 Billion Reserves in ‘Philosophy’ Change
(Bloomberg) — Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Most Read from Bloomberg Israel’s central bank has made the biggest changes to its allocati...
Exchange reserves to be tested by Bank Run coordinated by Monero faithfuls –
Monero experts are tired of bringing together trades and want a new venture in the organization It is arranging a XMR bank run on April 18 for all Monero enthusiasts Paper trading is the way out for...
Inside Terra’s $2.38 Billion Reserves, What Made The Lineup?
Terra (LUNA) has been aggressive about filling up its reserves with trusted cryptocurrencies to serve as a backup for its stablecoin UST. This has evolved over time to include a number of various cryp...
Russia Has Found No Place Yet to Invest Reserves After Sanctions
(Bloomberg) — Russia’s central bank conceded it’s found no clear alternatives to the world’s major reserve currencies after sanctions over the war with Ukraine left it in possession of only yuan...
Ukraine Has Mobilized Its Tank Reserves. They’re Already On The Attack.
3rd Tank Brigade troopers with an abandoned Russian T-80. 3rd Tank Brigade photo The Ukrainian army’s 3rd Tank Brigade reportedly has reached the battlefield around Izium, near Kharkiv in eastern Ukra...
Luna Foundation Guard Adds to Terra Reserves With $880M LUNA ‘Gift’
The Luna Foundation Guard (LFG) has received another $880 million in crypto following its $100 million Bitcoin purchase on Tuesday—this time in the form of a “gift” from Terraform Labs, th...
Terra’s UST Reserves Hit One-Mth Low, Here’s Why
A recent decline in the crypto market was reflected in Terra’s stablecoin reserves, which sank to a one-month low this week. The reserves, which are maintained by the Luna Foundation Guard (LFG), have...
BlackRock to Handle Circle’s USDC Cash Reserves as Part of $400M Funding Round
In brief BlackRock is a major asset management firm. Circle issues the USDC stablecoin. BlackRock will serve as a strategic partner in Circle. On Tuesday, cryptocurrency payments firm Circle announced...
Tether to shrink commercial paper holdings for USDT reserves
Tether, the issuer of the USDT stablecoin, has announced plans to reduce its short-term corporate debts used to back the value of USDT. USDT is a stablecoin whose value is pegged to $1, and its price ...
Tether to Reduce Holdings of Commercial Debt in USDT Reserves
Tether’s chief technology officer, Paolo Ardoino, said the company will reduce its commercial debt holdings, speaking to CNBC on April 13 at the Paris Blockchain Week Summit. The world’s largest stabl...
Palestinians Could Run Out Of Wheat Reserves In Three Weeks In Ripple Effect Of Ukraine War
A Palestinian volunteer cook distributes food prepared with ingredients obtained from donors, to help needy families in an impoverished neighborhood in Gaza City in January 2021. AFP via Getty Images ...
JPMorgan Boosts Credit Reserves As Profits Tank, Jamie Dimon Warns About ‘Significant Challenges Ahead’
Topline Shares of JPMorgan Chase, the biggest U.S. bank by assets, fell on Wednesday after the firm reported earnings which showed profits declined sharply from last year due to market upheaval caused...
Terra: Despite UST’s $2B reserves, why is LUNA having a bad day
For investors looking for a refuge as their portfolios started to bleed, Terra [LUNA] looked like a safe bet. However, at press time, LUNA too seemed to be celebrating a Game of Thrones-style red wedd...
Terra Turns To AVAX Reserves To Stay Ahead Of Competitors
Terra has been making waves in the stablecoin and staking space for its features and returns. However, with the success of the network, there have been other blockchains that have sprung up with simil...
Terra buys $200M in AVAX for reserves as rival stablecoins emerge
Terraform Labs (TFL) and the Luna Foundation Guard (LFG) have announced they have purchased a combined $200 million worth of Avalanche (AVAX) tokens from the Avalanche Foundation. TFL, the company re...
Luna Foundation Guard to Buy $100 Million in AVAX for Stablecoin Reserves
This initiative means that users will be able to directly trade UST against the Avalanche tokens on the Avalanche blockchain. Luna Foundation Guard (LFG), a Singapore-based nonprofit building reserves...
Terra collaborates with the Avalanche Foundation to grow its crypto reserves
TL;DR Breakdown Terra’s Luna Foundation Guard (LFG) completes the buying of AVAX worth $100 million through UST stable coins. Terraform Labs acquires another $100 million in LUNA for AVAX. The LFG ext...
UST staking goes live on Binance as Anchor reserves fall
On Wednesday, centralized cryptocurrency exchange Binance launched its new TerraUSD (UST) staking program. Although Binance did not name the underlying decentralized finance protocol responsible for t...
Luna Foundation Purchases 5,040 BTC, Terra Reserves Rise to 35,767 Bitcoin – Bitcoin News
On April 6, onchain data shows the Luna Foundation Guard’s (LFG) bitcoin wallet has added 5,040 bitcoin to its reserves. The added funds were worth roughly $221 million at the time of settlement. LFG ...
US lawmakers propose a bill to bring transparency to stablecoin reserves
Stablecoins have been a target for lawmakers and regulators in the United States. The two have debated the risks that stablecoins pose to the financial sector and the US dollar’s value. Two US lawmake...
Circle selects BNY Mellon as custodian for USDC reserves
On Thursday, USD Coin (USDC) operator Circle announced that it had selected financial institution BNY Mellon as the custodian of its USDC reserves. Founded in 1784, BNY Mellon is one of the oldest ban...
Should investors worry because of Tether’s shrinking cash reserves? –
USDT now backed by much smaller cash reserves than before USDT is the world’s largest stablecoin Tether reduced its cash and bank deposits by 42% Last month, Tether gave its most recent quarterly affi...
Circle Unveils BNY Mellon as Custodian for USDC Reserves – crypto.news
Circle announced the selection of BNY Mellon, one of the oldest U.S. banks and one of the first to embrace custody of digital assets, as the principal custodian for USD Coin (USDC) reserves. BNY Mello...
What Would the Bitcoin Price Be if it Replaced Fiat Currency Reserves According to Van Eck
According to the global investment manager Van Eck, the prices of bitcoin and gold could skyrocket to record highs if fiat currencies lose their dominance. Specifically, BTC could start trading betwee...
Russia Gives First Peek Into Currency Reserves Since War Started
(Bloomberg) — Russia’s central bank said its foreign-currency and gold reserves plunged by $38.8 billion since peaking in February, giving the first glimpse into its holdings since the invasion ...