Tag: luna foundation

May 16 2022

Luna Foundation Sold 80,000 Bitcoin Amid UST Crash

The non-profit organization said only 313 BTC are now left on the bitcoin reserves for Terra’s UST stablecoin.Luna Foundation Guard (LFG), the non- profit organization holding Terra’s bitcoin reserves, confirmed on Monday morning that it had sold over 80,000 BTC over the past week to acquire TerraUSD (UST) in an attempt to defend its...

May 12 2022

What Terra’s Collapse Teaches About ‘Crypto’ and Bitcoin

As yet another altcoin nears zero, the event reminds the community why Bitcoin is the only authentic cryptocurrency.Terra is crumbling.The blockchain project home to the popular algorithmic stablecoin TerraUSD (UST), which had recently become the fourth-largest stablecoin by market value but now sits at fifth, is near collapse as UST repeatedly fails...

May 11 2022

Exchange Inflows Spike As LFG Moves Bitcoin Reserves

The Luna Foundation Guard was forced to send a majority of its holdings to exchanges as it tried to hold the dollar peg for its Terra stablecoin.The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your...

May 07 2022

Terra Drops 9.6% in 24-hours Despite the Luna Foundation Buying $1.5B Worth of Bitcoin

Summary: The digital asset of Terra (LUNA) has dropped by almost 10% in the last 24 hours This is despite the bullish news of the Luna Foundation Guard buying $1.5 billion worth of Bitcoin However, the drop is understandable given Bitcoin has lost its $38k amidst anxiety over the US Fed increasing interest rates by 50 basis points LUNA/USDT risks losing the 200-day...

May 05 2022

Luna Foundation Surpasses Tesla As Second Largest Corporate Holder Of Bitcoin

Luna Foundation Guard has acquired an additional $1.5 billion of BTC, surpassing Tesla as the second largest corporate holder of BTC valued over $3 billion.Luna Foundation Guard, the non-profit organization behind Terra’s UST Stablecoin, has acquired $1.5 billion worth of bitcoin. This purchase makes LFG the second-largest corporate holder of bitcoin, surpassing Tesla.The transaction...

Apr 24 2022

UST Wins When More Blockchains Issue their Own Stablecoins – Terra’s Do Kwon on Tron’s USDD

Quick take: Terra's founder, Do Kwon, believes that the more blockchains issue their own stablecoins, the more likely UST will win Do Kwon was commenting on the impact of Tron issuing its USDD stablecoin According to the Terra founder, algorithmic stablecoins are fast becoming the norm, and the future looks bright for them The Luna Foundation Bitcoin reserves are now at 42,530 BTC,...

Apr 21 2022

Users of Terra (LUNA) Network Lose $4.31M in Phishing Attack Through Fake Google Ads

Quick take: Users of the Terra network and its numerous DeFi platforms have been the target of a phishing attack being perpetrated using fake Google ads The malicious ads are the first thing that pops up when users do a Google search on 'Terra' Over $4.31 million has been lost in the phishing attack The funds were lost between April 12th and the...

Apr 14 2022

Terraform Labs Donates 10 Million LUNA to LFG

Terraform Labs has donated 10 million LUNA — worth roughly $880 million — to the Luna Foundation Guard (LFG). The Luna Foundation Guard has billions in its treasury and holds nearly 40,000 BTC. LUNA has been experiencing a price surge since the start of 2022. Terraform Labs has announced that it donated 10 million LUNA to the Luna Foundation Guard (LFG). The latter...

Apr 10 2022

Luna Foundation Purchases 4,130 Bitcoin Bringing its Total to 39,897 BTC

Summary: The Luna Foundation has continued to stack Bitcoin purchasing an additional 4,130 BTC The recent purchase brings the total to 39,897.98 Bitcoin owned by the Luna Foundation This amount translates to roughly $1.7 billion, with $8.3 billion worth of Bitcoin left to purchase to hit the $10 billion target Bitcoin continues to consolidate above $42k, and the news of the purchase has...

Apr 07 2022

Terra Adds Avalanche to its UST Reserve, Buys $100M in AVAX

Summary: The Luna Foundation has announced the addition of Avalanche to its UST reserves and bought $100 million in AVAX Avalanche becomes the second layer 1 digital asset to be added by Terra to its UST reserves Terra chose Avalanche over Ethereum due to its rapid growth and vast fan base Avalanche and Terra will also partner to create a gaming subnet The...

Apr 02 2022

Could LUNA Hitting a New ATH Ignite a BTC and Crypto Bull Run?

LUNA hit a new all-time high of $113.57 and could ignite a bull run as its foundation keeps buying Bitcoin.

Feb 24 2022

Why The Luna Foundation Is Adding Bitcoin To Its UST Reserve?

According to the announcement, LUNA Foundation has recently raised a whopping $1 billion worth of Bitcoin to serve as a reserve for its fast-rising TerraUSD (UST) stablecoin. The fund will also help improve the standing of the stablecoin in the cryptocurrency space. According to the tweet made on February 22nd, this private token sale is...

Know a good blog/source that is not listed? Contact us or fill the form below to add one: