Tag: lfg

May 24 2022

Authorities Ask South Korea’s Exchanges To Freeze Luna Foundation Guard’s Assets

South Korean law enforcement agencies have asked crypto exchanges to freeze funds that might be linked to the Luna Foundation Guard. The exchanges are not compelled by law to follow through with the request, and the decision can be conducted at their discretion. Terra’s troubles are growing as lawsuits and scrutiny pile up. South Korean law enforcement wants to freeze the assets of...

South Korean police order exchanges to freeze funds related to LFG

May 24 2022 Published at Coinscreed under tags  lfg news police south korea

South Korean Police have filed notifications to cryptocurrency exchanges in the country, asking for the freezing of funds associated with the Luna Foundation Guard (LFG). Korean officials issued a request to the country's leading crypto exchanges on May 23rd, 2022, to prohibit monies from being withdrawn. The Seoul Metropolitan Police Agency specifically requested that the […]

May 23 2022

Korean Police Request LFG Asset Freeze: KBS

May 23 2022 Published at Crypto Briefing under tags  lfg news terra

Several exchanges are due to meet with South Koreas ruling party to discuss the Terra depeg incident, and whether they should be accountable for investors lost funds. Police Investigating LFG...

May 17 2022

Why Terra Collapsed and Whether an Algo Stablecoin Can Ever Succeed

Nic Carter, general partner at Castle Island Venture, Eric Wall, former Chief Investment Officer of Arcane Assets, and Erik Voorhees, founder of ShapeShift, discuss what happened with the TerraUSD (UST) and LUNA fiasco, Do Kwon’s responsibility, the impact on the crypto ecosystem, and much more. Show highlights: how Erik used to...

May 16 2022

Terra’s LFG Reveals What Happened to Its Bitcoin Reserves

May 16 2022 Published at Crypto Briefing under tags  lfg news terra ust

The Luna Foundation Guard revealed early Monday in a tweetstorm that it had sold off almost its entire Bitcoin reserve in the failed attempt to prevent the meltdown of its...

May 13 2022

Did Someone Deliberately Attack Terra/Luna to Kick off a Death Spiral?

Jon Wu, head of growth at Aztec Network, recaps a historically chaotic week in the Terra ecosystem that saw $UST depeg, Anchor depositors flee, and $LUNA fall 99%. Show highlights: how $UST, $LUNA, Luna Foundation Guard (LFG), and Anchor Protocol are supposed to work...

May 09 2022

Terra’s LFG to Deploy $1.5B to “Protect the UST Peg”

May 09 2022 Published at Crypto Briefing under tags  business lfg news terra

The Luna Foundation Guard said Monday that it plans to lend $750 million in Bitcoin and 750 million UST to over-the-counter trading firms to help protect the UST peg after...

May 05 2022

Luna Foundation Guard adds 37,863 BTC worth $1.5B to its reserve

May 05 2022 Published at Coinscreed under tags  bitcoin lfg luna news

The Luna Foundation Guard (LFG) has added 37,863 valued at $1.5 billion to its reserves following a partnership with Genesis Trading and Three Arrows Capital. According to the business, the agreement involved a $1 billion over- the-counter swap with Genesis in exchange for $1 billion in UST and a $500 million BTC buy from Three Arrows […]

Apr 27 2022

Private Capital Buying The Dip Keeps Crypto Market Afloat

Apr 27 2022 Published at Bitcoinist.com under tags  bitcoin circle crypto news fireblocks ftx

While the markets are struggling, the crypto industry is still receiving big pushes from private capital raised in 2022. Even during this year's gloomy performance companies are raising large amounts of money in crypto, data records 36 capital raises of over $100 million so far. Arcane Research's latest weekly report shows the 10 biggest crypto capital raises in 2022 and wonders...

Mar 15 2022

Luna Foundation Guard Greenlights another $4M Luna Burn To Mint UST

Singapore-based Luna Foundation Guard continues to pursue its mandate to aid in growing the Terra blockchain ecosystem. The non-profit organization has now voted in favor of another massive LUNA token burn from its treasury. The Luna Foundation Guard (LFG) announced on Tuesday that the organization's council has voted to burn an additional 4 million of Terra's native token LUNA. According to the announcement,...

Jan 21 2022

$4B non-profit established to stabilize UST stablecoin

Jan 21 2022 Published at CryptoSlate under tags  defi lfg luna stablecoins terra

With a market cap of more than $170 billion, stablecoin adoption is exploding. The total market of stablecoins grew 450 percent in 2021 alone. Stablecoins are viable internet-native mediums of exchange between public blockchains, and act as the base layer and collateral for the DeFi space. The dominant stablecoins on the market today, USDT and USDC, are digital tokens pegged 1:1 to...

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